WOMEN ORGANIZING RESOURCES KNOWLEDGE AND SERVICES
Mission Statement
Women Organizing Resources Knowledge & Services (WORKS) was formed in April 1998 by women with extensive experience working in low-income communities of Los Angeles in the field of affordable housing and community development. Committed to developing strong, sustainable communities, we combined our years of experience in pioneering pragmatic and innovative models for affordable housing and enriched social service programs to advance family and individual viability. WORKS has served over 4,300 individuals and families living at or below the federal poverty level and developed more than 1,100 affordable housing units. When WORKS embarks on a project, everyone involved benefits; this is our hallmark.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
92.7% | 86.9% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
7.3% | 10.8% |
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
|
17.6 mo | 12.7 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
77.9% | 40.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
61.6% | 90.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
217.3% | 5.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
193.9% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
25.8% | 1.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $6.5M | $4.9M | $7.1M | 92.7% | 8 |
| 2022 | $2.1M | $1.7M | $8.0M | 85.9% | 7 |
| 2021 | $3.6M | $1.4M | N/A | — | 6 |
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