Goodworks Inc

Analysis

Goodworks Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodworks Inc reported income of $5.6m and spending of $5.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $5.6m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodworks Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Family Ark Inc ($5.6m), Iowa City Hospice Inc ($5.6m) and Community Hope Foundation Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $5.9m against liabilities of $267k, net assets of $5.6m. It reported 123 employees.