Goods for Good Inc

Analysis

Goods for Good Inc is a registered charity in United States, based in Walled Lake, MI. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Goods for Good Inc reported income of $219k and spending of $213k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $75k to $219k (+190%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goods for Good Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Warehouse NJ ($219k), Ladder Incorporated ($219k) and Hill Country Council on Alcohol & Drug Abuse Inc ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.