Goodie Nation Inc

Analysis

Goodie Nation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Goodie Nation Inc reported income of $868k and spending of $9.1m, spending 1047% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $868k (+310%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 4760%. Over the whole period it spent 173% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodie Nation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Bilal Community Center ($866k), Franklinton Development Association ($868k) and Rural Employment Opportunities Inc ($866k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $55k (0.6% of expenses). At year end it held assets of $2.6m against liabilities of $1.3m, net assets of $1.4m. It reported 1 employees.