Goodwork

Analysis

Goodwork is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover employment, 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, Goodwork reported income of $381k and spending of $334k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $249k to $381k (+53%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Goodwork sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within NH. Charities of a similar size with the same main cause include Ingleside on the Bay Coastal Watch Association ($381k), Westport Book Sale Ventures Inc ($381k) and Junior League of Summit Inc ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $187k (56% of expenses). Other salaries and wages came to $27k. At year end it held assets of $224k against liabilities of $17k, net assets of $207k. It reported 4 employees.