Workspace Education Incorporated
EIN: 814491447 · Bethel, CT · NTEE: B99
Is Workspace Education Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Workspace Education Incorporated
Workspace Education Incorporated (EIN: 814491447) is a nonprofit organization based in Bethel, CT, classified under NTEE code B99. The organization reported total revenue of $1.3M and total assets of $757K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Workspace Education Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Workspace Education Incorporated is a mid-size nonprofit that has been operating for 9 years, with 3 years of IRS 990 filings on record (2017–2019). Revenue has grown at a compound annual rate of 153.1%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$508K |
| Total Assets | $755K |
| Total Liabilities | $213K |
| Net Assets | $542K |
| Operating Margin | 32.8% |
| Debt-to-Asset Ratio | 28.2% |
| Months of Reserves | 8.7 months |
Financial Health Grade: A
In 2019, Workspace Education Incorporated reported a surplus of $508K with revenue exceeding expenses, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 28.2% (moderate leverage).
Financial Trends
Over 3 years of filings (2017–2019), Workspace Education Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 153.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +216.9% | +137.1% | +1578.6% |
| 2018 | +102.0% | +70.2% | -25.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Workspace Education Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Workspace Education Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $508K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.2%.
Frequently Asked Questions about Workspace Education Incorporated
Is Workspace Education Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Workspace Education Incorporated (EIN: 814491447) insufficient data. 0 red flags identified, 0 strengths noted.
How does Workspace Education Incorporated spend its money?
Detailed spending breakdown data is not yet available for Workspace Education Incorporated. Check back for updated IRS 990 analysis.
Are donations to Workspace Education Incorporated tax-deductible?
Workspace Education Incorporated is registered as a tax-exempt nonprofit (EIN: 814491447). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Workspace Education Incorporated showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2017–2019), Workspace Education Incorporated's revenue has grown by 540.4%, moving from $242K to $1.5M. Total assets increased by 1152.1% over the same period, from $60K to $755K. Total functional expenses rose by 303.6%, from $258K to $1.0M. In its most recent filing year (2019), Workspace Education Incorporated reported a surplus of $508K, with revenue exceeding expenses. The organization holds $213K in liabilities against $755K in assets (debt-to-asset ratio: 28.2%), resulting in net assets of $542K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $1.5M | $1.0M | $755K | $213K | — | View 990 |
| 2018 | $488K | $438K | $45K | $11K | — | View 990 |
| 2017 | $242K | $258K | $60K | $76K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $1.5M, expenses of $1.0M, and assets of $755K (revenue +216.9% year-over-year).
- 2018: Revenue of $488K, expenses of $438K, and assets of $45K (revenue +102.0% year-over-year).
- 2017: Revenue of $242K, expenses of $258K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Workspace Education Incorporated:
Data Sources and Methodology
This transparency report for Workspace Education Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.