Work in Progress INC EIN 57-0946855

Work in Progress INC FY2023 filing

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Helps people recovering from mental illness find jobs. For fiscal year 2023 it reported $489K in revenue, $515K in expenses, and $269K in net assets.Pt I

Type
Public charity (501(c)(3)) · Mental Health
Location
Columbia, SC
Website
www.workinprogresscolumbia.com
Filings
5 on file (2020–2023)
Revenue
$489KFY2023
Expenses
$515K
Net assets
$269K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  57-0946855 Public charity (501(c)(3)) Columbia, SC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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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
$489K revenue, $515K expenses
Bottom line
75% program efficiency
Where the money goes · FY2023
Total revenue
$489K
Pt VIII · Ln 12
Total expenses
$515K
Pt IX · Ln 25
Net assets
$269K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$26K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.22 Fundraising $0.03
Program efficiency
75%
of spending reaches programs
Operating runway
6.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$489K
FY2023▲ +10%
Expenses
$515K
FY2023▲ +8%
Total assets
$277K
FY2023▼ -8%
Total liabilities
$8K
FY2023▲ +54%
Total revenue
$489K
Pt VIII · Ln 12
Total expenses
$515K
Pt IX · Ln 25
Net assets
$269K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$26K
Total assetsPt X · Ln 16$277K
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 $388K of program spending, described in the organization's own filed words · FY2023.
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.

$388Kprogram 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$419K · 86%
Contributions & grants$71K · 14%
Program service revenue86%$419K
Contributions & grants14%$71K
Total revenueLn 12$489K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.22 Fundraising $0.03
Program services75%$388K
Management & general22%$113K
Fundraising3%$14K
Total functional expensesLn 25$515K

Balance Sheet

Part X · end of year
CashLn 1$277K
Total assetsLn 16$277K
Total liabilitiesLn 26$8K
Total net assetsLn 32$269K
Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $277K · Operating expenses/yr $515K
6.5 months
Where the money goes
Program services
Program services $388K · Total expenses $515K
75%
Management & General
Management & general $113K · Total expenses $515K
22%
Fundraising
Fundraising $14K · Total expenses $515K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $62K
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $71K · Total revenue $489K
14%
Government reliance
Government grants — · Total revenue $489K
Earned-income share
Program service revenue $419K · Total revenue $489K
86%
Investment reliance
Investment income $0 · Total revenue $489K
0%
Program self-sufficiency
Program service revenue $419K · Total expenses $515K
81%
Growth & trend
Revenue growth (YoY)
This year $489K · Prior year $446K
+10%
Net-asset trend (YoY)
End of year $269K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $489K · Expenses $515K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $277K
Net-asset ratio
Net assets $269K · Total assets $277K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $277K
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 $515K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $474K · Total expenses $515K
92%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 22%
Fundraising cost ratio 20%
Revenue growth 10%
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 · ⤓ 990 PDF
FY2023$489K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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