Work in Progress INC EIN 57-0946855

Work in Progress INC

EIN  57-0946855 Public charity (501(c)(3)) Columbia, SC
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Helps people recovering from mental illness find jobs.
Leadership
Erika Jenson · Chair
Money in and out
$712K revenue, $513K expenses
Bottom line
75% program efficiency

Helps people recovering from mental illness find jobs. For fiscal year 2024 it reported $712K in revenue, $513K in expenses, and $468K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$712K
Pt VIII · Ln 12
Total expenses
$513K
Pt IX · Ln 25
Net assets
$468K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $198K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.23 Fundraising $0.03
Program efficiency
75%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
11.0mo
months of highly liquid reserves at operating expense rate▲ +69% vs prior filing year
Surplus margin
+28%
revenue over expenses, this year▲ +624% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$712K
FY2024▲ +45%
Expenses
$513K
FY20240%
Total assets
$470K
FY2024▲ +69%
Total liabilities
$2K
FY2024▼ -75%
Total revenue
$712K
Pt VIII · Ln 12
Total expenses
$513K
Pt IX · Ln 25
Net assets
$468K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$198K
Total assetsPt X · Ln 16$470K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $383K of program spending, described in the organization's own filed words · FY2024.
01

The organization succeeded in finding job openings and placing its clients in them. The organization also succeeded in coaching its clients in order to increase the likelihood of positive outcomes in their employment.

$383Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWork in Progress INC
EINHdr · item D57-0946855
Principal addressHdr · item CColumbia, SC
WebsiteHdr · item Jwww.workinprogresscolumbia.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F33Z)
Ruling yearIRS BMFNov 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$654K · 92%
Contributions & grants$58K · 8%
Program service revenue92%$654K
Contributions & grants8%$58K
Total revenueLn 12$712K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.23 Fundraising $0.03
Program services75%$383K
Management & general23%$117K
Fundraising3%$14K
Total functional expensesLn 25$513K

Balance Sheet

Part X · end of year
CashLn 1$470K
Total assetsLn 16$470K
Total liabilitiesLn 26$2K
Total net assetsLn 32$468K
Months of cash on handcomputed11.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $470K · Operating expenses/yr $513K
11.0 months
Where the money goes
Program services
Program services $383K · Total expenses $513K
75%
Management & General
Management & general $117K · Total expenses $513K
23%
Fundraising
Fundraising $14K · Total expenses $513K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $14K · Solicited contributions (3-yr avg) $65K
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $58K · Total revenue $712K
8%
Government reliance
Government grants — · Total revenue $712K
Earned-income share
Program service revenue $654K · Total revenue $712K
92%
Investment reliance
Investment income $0 · Total revenue $712K
0%
Program self-sufficiency
Program service revenue $654K · Total expenses $513K
127%
Growth & trend
Revenue growth (YoY)
This year $712K · Prior year $489K
+45%
Revenue CAGR
FY2020 $514K · FY2024 $712K
+8%
Net-asset trend (YoY)
End of year $468K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $712K · Expenses $513K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $470K
Net-asset ratio
Net assets $468K · Total assets $470K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $470K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Erika Jenson · Reported title CHAIR · Highest reported compensation $0 · Total expenses $513K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $469K · Total expenses $513K
91%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 23%
Fundraising cost ratio 24%
Revenue growth 45%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$6K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$712K revenue · viewing · ⤓ 990 PDF
FY2023$489K revenue · ⤓ 990 PDF
FY2022$446K revenue · ⤓ 990 PDF
FY2021$501K revenue · ⤓ 990 PDF
FY2020$514K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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