Good Causes Inc

Analysis

Good Causes Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Causes Inc reported income of $152k and spending of $177k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $152k (+170%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 246%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Good Causes Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Pine Street Committee Inc ($152k), Kiwanis Foundation of Arlington Va ($152k) and Desour Valley Edc Inc ($152k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $5,000 (2.8% of expenses). Other salaries and wages came to $109k. At year end it held assets of $2.0m against liabilities of $2.0m, net assets of $41k. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.