Great Work Inc

Analysis

Great Work Inc is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Great Work Inc reported income of $4.7m and spending of $4.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.7m (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Work Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within AR. Charities of a similar size with the same main cause include Menomini You Inc ($4.7m), Chicagoland Lutheran Educational Foundation ($4.7m) and Girls Charter School Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 8.5% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $1.1m against liabilities of $13k, net assets of $1.1m. It reported 86 employees.