Good Work Institute Inc

Analysis

Good Work Institute Inc is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in October 2015, 11 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, Good Work Institute Inc reported income of $2.7m and spending of $3.2m, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.8m to $2.7m (+46%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 127%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Work Institute 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 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Starfish Project Incorporated ($2.7m), Friends of the Underline Inc ($2.7m) and Good News Mountaineer Garage ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $105k (3.3% of expenses). Other salaries and wages came to $358k. At year end it held assets of $2.6m against liabilities of $23k, net assets of $2.6m. It reported 8 employees.