VotingWorks

Nonprofit profile at a glance

EIN
832910494
IRS 990 coverage
2019–2025
Forms available
Form 990 2025, Form 990-EZ 2018
Location
San Francisco, CA, USA
Phone
5108068333
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Voter Education, Registration

Official website

Reported finances

Revenue
$15,984,234
Expenses
$9,344,595
Assets
$17,342,780
Liabilities
$1,270,184

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Highest reported compensation

  • Benjamin Michael Adida (Executive Dir.): $386,113 total reported compensation
  • Jesse T Dewald (Head of Hardware): $335,443 total reported compensation
  • Arsalan Akkas Sufi (Head of Software): $302,291 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to make election technology that everyone can trust through proven security, robustness, and transparency.

What it reported doing in 2025

Hardware Machine Sales, Support, and Certification: In 2025 we're one of two vendors allowed to sell voting equipment in New Hampshire; as of year end we are supporting 45+ cities and towns, accounting for 38% market share in the state. We continue to support 5 counties in Mississippi. Lastly, we submitted our V4 Voting System for certification that adheres to the VVSG 2.0 requirements and are expecting to be certified by mid-2026.

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 84
  • Accountability: 85
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49.6%; rating input score 50
  • Program expense ratio: 83.5%; rating input score 84
  • Fundraising efficiency: $56.37 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 12th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 41.5%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 1.86; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 22.6%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 19.3% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 19.3% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 23.2% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 49.6% of revenue deployed · 83.5% of spending went to programs
  • Governance: 3 of 4 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $7.8M in reported program spending
  • Leadership: top reported pay $386K · 10 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $784K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2019 to 2025
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 50/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.