Goodworks Inc

Analysis

Goodworks Inc is a registered charity in United States, based in Chapin, SC. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Goodworks Inc reported income of $121k and spending of $178k, spending 147% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $166k to $121k (-27%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Goodworks Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 47th percentile within SC. Charities of a similar size with the same main cause include Lemars Good Samaritan Housing Inc ($121k), X-Tending Hands Inc ($121k) and Hope Housing of Claremore Inc ($121k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 14% and program service revenue 69% of the total. Other salaries and wages came to $40k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 2 employees.