Goodweave International

Analysis

Goodweave International is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Goodweave International reported income of $1.7m and spending of $3.4m, spending 196% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.9m to $1.7m (-71%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 107% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Goodweave International 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 85th percentile, and in the 64th percentile within DC. Charities of a similar size with the same main cause include Pacific Links Foundation ($1.7m), Katal Center for Equity Health and Justice Inc ($1.7m) and Chances for Children ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $378k (11% of expenses). Other salaries and wages came to $949k. At year end it held assets of $2.9m against liabilities of $406k, net assets of $2.5m. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.