Goodwill Works of the Chesapeake Inc

Analysis

Goodwill Works of the Chesapeake Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2007, 19 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodwill Works of the Chesapeake Inc reported income of $1.7m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.7m (-24%), an average of -6.8% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Goodwill Works of the Chesapeake Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Jack E and Rachel Gindi Foundation ($1.7m), Giving USA Foundation Inc ($1.7m) and Clean Power Institute ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of -$31k. It reported 935 employees.