Goodness Web Foundation

Analysis

Goodness Web Foundation is a registered charity in United States, based in Wayland, MA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Goodness Web Foundation reported income of $1.7m and spending of $6.1m, spending 350% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $278k to $1.7m (+526%), an average of +84% a year. The sharpest change came in the year to December 2021, when income rose by 1748%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Goodness Web Foundation 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 84th percentile within MA. Charities of a similar size with the same main cause include Dabos All in Team ($1.7m), Mesa United Way Inc ($1.7m) and Art Council Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $292k (4.8% of expenses). At year end it held assets of $8.0m against liabilities of $4.2m, net assets of $3.8m. It reported 2 employees.