Employment
(J22)
IRS Verified
DX Registered
990 on File
COBBWORKS INC
Financial strength (30%)
67/100
Reliability (20%)
77/100
Effectiveness (25%)
90/100
Impact (25%)
65/100
38
CharityAI™ Score
out of 100
Mission Statement
To connect individuals and businesses with employment and resources to empower and transform lives within the community
Financial Overview — FY 2023
$4.8M
Total Revenue
$4.7M
Total Expenses
$427K
Net Assets
32
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.9%
Fundraising Efficiency
N/A
Operating Reserve
1.09x
Liability-to-Asset
60.1%
Revenue Diversification
100.0%
Executive Compensation
$159K
Compared with Peers
FY 2023
Compared with 1,161 similar organizations
(United States, Employment, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.9% | 84.8% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.1% | 13.3% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
1.1 mo | 9.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
60.1% | 16.9% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 92.8% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-8.8% | 7.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-8.0% | 8.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.3% | 2.9% |
P10P90
|
CharityAI™ Evaluation — 2025
38 / 1000
Financial
62
Reliability
38
Effectiveness
65
Impact
Financial Strength (30%)
0
Reliability & Transparency (20%)
62
Program Effectiveness (25%)
38
Impact & Outcomes (25%)
65
3,065 served annually
$4K per beneficiary
3 programs
IRS Verified 90% Data Complete
Impact
3 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Customers sent job leads of wages $15 and up | 2,775 | — | — | Per Year |
| Customers enrolled in skills training or an apprenticeship at no-cost to them and became employed. | 265 | $7,000.00 | — | Per Year |
| Received GED services including testing/practice vouchers to graduate with GED. | 25 | $400.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $4.8M | $4.7M | $427K | 88.9% | 32 |
| 2022 | $5.2M | $5.1M | $364K | 91.4% | 35 |
| 2021 | $6.0M | $6.1M | N/A | — | 35 |
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