Good Works Inc

Analysis

Good Works Inc is a registered charity in United States, based in Coatesville, PA. It received its IRS tax-exemption ruling in March 1990, 36 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 March 2024, Good Works Inc reported income of $1.7m and spending of $1.7m, spending 98% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $1.4m to $1.7m (+24%), an average of +4.4% a year. The sharpest change came in the year to March 2024, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Good Works Inc 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 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Ahi Ezer Housing Development Fund Corp ($1.7m), SS C&m Haven Inc ($1.7m) and Suncoast Manor Foundation Inc ($1.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 93% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $100k (5.9% of expenses). Other salaries and wages came to $515k. At year end it held assets of $1.9m against liabilities of $473k, net assets of $1.4m. It reported 15 employees.