Goodword Partnership

Analysis

Goodword Partnership is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Goodword Partnership reported income of $407k and spending of $681k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $407k (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 289%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Goodword Partnership sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Encounter Ministry ($407k), Bridge Trust-Usa Inc ($408k) and Evergreen Retreat Center Inc ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $164k (24% of expenses). At year end it held assets of $408k against liabilities of $3,457, net assets of $404k. It reported 2 employees.