Nu-works Inc
Only null% goes to programs Strong reserves Declining revenue
Nu-works Inc is a 501(c)(3) organization based in Henderson, Kentucky, registered in 2011, with -$30,117 in FY2024 revenue. CharityIndex grades it F.
430 2nd St, Henderson, KY, 42420 EIN 27-5041149 Since 2011
Revenue (FY2024)
-$30K
▼ 302.5% vs prior year
Housing median: $408K
Expenses (FY2024)
$4,854
Net assets
$8,061
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Nu-works Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating20 mo reserves · -116% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Nu-works Inc: 20 mo reserves · -116% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Nu-works Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Nu-works Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 430 2nd St, Henderson, KY, 42420
- City
- Henderson
- State
- Kentucky
- Category
- Housing & Shelter
- Subcategory
- Housing Support Services
Financial trends
Revenue declined from $3,200 (FY2015) to -$30K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $8,061
Operating margin
-116.1%
Spent more than it raised in the latest fiscal year.
Total assets
$8,061
Total liabilities
$0
Net assets
$8,061
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$30,117▼302% | $4,854▼92.5% | $8,061▼95.0% | $8,061▼95.2% | 990EZ |
| 2023 | $14,875▼76.6% | $64,351▲13.1% | $162,719▼23.3% | $167,019▼22.8% | 990 |
| 2022 | $63,555▼1.7% | $56,903▲46.2% | $212,109▲1555% | $216,409▲9.0% | 990 |
| 2021 | $64,685▲285% | $38,928▲157% | $12,817▲512% | $198,470▲10.7% | 990EZ |
| 2020 | $16,790▲9.7% | $15,135▼6.9% | -$3,110▲38.3% | $179,248▼2.4% | 990EZ |
| 2019 | $15,310▲1324% | $16,252▲214% | -$5,041▼17.6% | $183,747▲171% | 990EZ |
| 2018 | $1,075▼38.6% | $5,181▲149% | -$4,285▼1921% | $67,881▲19.2% | 990EZ |
| 2017 | $1,750▲1650% | $2,077▲6823% | -$212▼312% | $56,954▲56854% | 990EZ |
| 2016 | $100▼96.9% | $30▼99.1% | $100▲233% | $100▲233% | 990EZ |
| 2015 | $3,200 | $3,200 | $30 | $30 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Nu-works Inc a legitimate nonprofit?
- Yes. Nu-works Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-5041149, based in Henderson, Kentucky. Donations are tax-deductible.
- What is Nu-works Inc's EIN?
- Nu-works Inc's Employer Identification Number (EIN) is 27-5041149.
- How much revenue does Nu-works Inc report?
- Nu-works Inc reported -$30,117 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Nu-works Inc have?
- CharityIndex grades Nu-works Inc F, based on financial health (reserves and operating margin).
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Data for Nu-works Inc (EIN 27-5041149) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.