Good in the Hood

Analysis

Good in the Hood is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Good in the Hood reported income of $2.7m and spending of $2.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.7m (+86%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 122%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good in the Hood sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Childrens All Day School ($2.7m), Neighbors in Need Inc ($2.7m) and Mother Nation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $461k. At year end it held assets of $2.2m against liabilities of $116k, net assets of $2.1m. It reported 12 employees.