Good Works Corporation

Analysis

Good Works Corporation is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Good Works Corporation reported income of $54k and spending of $9,523, leaving 82% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $60k to $54k (-11%), an average of -5.5% a year. Over the whole period it spent 31% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Good Works Corporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within MD. Charities of a similar size with the same main cause include Power of Will Inc ($54k), Travell Home & School Association Inc ($54k) and Chasudim Rabim Inc ($54k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.