Workmoney Foundation Inc
98% goes to programs $1 to raise $100 Growing revenue
Workmoney Foundation Inc is a 501(c)(3) organization based in Milwaukee, Wisconsin, registered in 2022, with $73,465,010 in FY2024 revenue. CharityIndex grades it A, and it directs about 98% of spending to programs.
790 N Milwaukee St Ste 300, Milwaukee, WI, 53202 EIN 88-1168529 Since 2022
Revenue (FY2024)
$73.5M
▲ 325.7% vs prior year
Human Services median: $293K
Expenses (FY2024)
$70.9M
Net assets
$11.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating98% to programs · $1 to raise $100
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. For Workmoney Foundation Inc: 98% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +3% 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 Workmoney Foundation Inc: 2 mo reserves · +3% margin earns a B on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
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. For Workmoney Foundation Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Workmoney Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Workmoney foundation, inc. (wmf) was created to help everyday americans afford a good life by helping americans act in their financial self-interest through public education. the goal of the organization is to help everyone in america be able to afford to live a good life and to have their work rewarded with economic security. in order to further this goal, wmf will conduct national public education campaigns to provide critical, timely information about enacted legislation and financial matters (including helping everyday americans access and navigate complicated government programs like unemployment insurance and the child tax credit), conduct scientific research, and educate the public about policy issues that affect their finances.
Contact & location
- Address
- 790 N Milwaukee St Ste 300, Milwaukee, WI, 53202
- City
- Milwaukee
- State
- Wisconsin
- Category
- Human Services
- Subcategory
- Personal Social Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $3.4M (FY2022) to $73.5M (FY2024) across 3 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.3MNet assets $11.4M
Operating margin
3.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$12.7M
Total liabilities
$1.3M
Net assets
$11.4M
Salaries & benefits
$853K
1% of expenses
Board members
3
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $73,465,010▲326% | $70,919,927▲499% | $11,386,617▲28.8% | $12,699,940▲39.9% | 990 |
| 2023 | $17,258,004▲405% | $11,834,905▲756124% | $8,841,534▲159% | $9,081,081▲166% | 990 |
| 2022 | $3,420,000 | $1,565 | $3,418,435 | $3,420,000 | 990 |
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.
Leadership & compensation (FY2024)
Highest-paid: Evan Kost — $156,417 (0.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Evan Kost | Chief Partnership Officer | 24 | $156,417 |
| Carrie Joy Grimes | President & Chief Executive Officer | 16 | $103,791 |
| Christina Des Vaux | Treasurer | 1 | — |
| Lynn Anderson Clark | Secretary | 1 | — |
Grants received · $20.6M total
25 grants to Workmoney Foundation Inc totaling $20.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Silicon Valley Community Foundation | Human services | 2024 | $2,052,000 |
| Amalgamated Charitable Foundation Inc | General operating support | 2024 | $1,000,000 |
| Rf Catalytic Capital Inc | In support of capacity building | 2024 | $500,000 |
| United States Energy Foundation | To support education and outreach to build a clean energy future. | 2024 | $300,000 |
| Impactassets Inc | General support | 2024 | $300,000 |
| Arizona Community Foundation | This award is designated support to raise awareness of the direct file program among low-income tax payers | 2024 | $100,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2024 | $100,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $7,752,507 |
| National Philanthropic Tr | Culture & arts | 2023 | $1,085,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $997,000 |
| Silicon Valley Community Foundation | Human services | 2023 | $900,000 |
| Donor Advised Charitable Giving | Human services | 2023 | $310,500 |
| United States Energy Foundation | To support education and outreach to build a clean energy future. | 2023 | $300,000 |
| Ayco Charitable Foundation | Community & human services | 2023 | $100,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2023 | $100,000 |
Grants made · $69.6M in FY2024
11 grants totaling $69.6M in FY2024. All grants made by Workmoney Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Workmoney Inc | Various charitable project scopes that include building and operating the workmoney resource center; public education campaigns on economic matters; targeted public education campaigns to specific geographies and demographic communities. | $63,390,000 |
| North Main Street Fund | General support | $3,000,000 |
| Defending Democracy Together Institute | General support | $1,000,000 |
| Sd Foundation | General support | $850,000 |
| Black Progressive Action Coalition Education Fund | General support | $400,000 |
| Pushblack | General support | $350,000 |
| Parentstogether Foundation | General support | $250,000 |
| Rock the Vote | General support | $100,000 |
| Spread the Vote | General support | $100,000 |
| Culture Changing Christians | General support | $100,000 |
| All Americans Vote | General support | $25,000 |
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Frequently asked questions
- Is Workmoney Foundation Inc a legitimate nonprofit?
- Yes. Workmoney Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 88-1168529, based in Milwaukee, Wisconsin. Donations are tax-deductible.
- What is Workmoney Foundation Inc's EIN?
- Workmoney Foundation Inc's Employer Identification Number (EIN) is 88-1168529.
- How much revenue does Workmoney Foundation Inc report?
- Workmoney Foundation Inc reported $73,465,010 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Workmoney Foundation Inc's spending goes to programs?
- Workmoney Foundation Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Workmoney Foundation Inc have?
- CharityIndex grades Workmoney Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Workmoney Foundation Inc's highest-paid employee make?
- The highest reported compensation on Workmoney Foundation Inc's latest Form 990 is $156,417, paid to Evan Kost (Chief Partnership Officer).
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Data for Workmoney Foundation Inc (EIN 88-1168529) 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.