Good Work Institute Inc
EIN: 473091614 · Kingston, NY · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $3.2M |
| Net Assets | $2.6M |
Is Good Work Institute Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Good Work Institute Inc
Good Work Institute Inc (EIN: 473091614) is a nonprofit organization based in Kingston, NY, classified under NTEE code P20. The organization reported total revenue of $2.5M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Work Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Work Institute Inc is a mid-size nonprofit that has been operating for 11 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 21.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-483,275 |
| Total Assets | $2.6M |
| Total Liabilities | $23K |
| Net Assets | $2.6M |
| Operating Margin | -18.0% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 10.0 months |
Financial Health Grade: B
In 2023, Good Work Institute Inc reported a deficit of $483K with expenses exceeding revenue, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Good Work Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.6% | +22.7% | -15.8% |
| 2022 | +127.2% | +44.5% | +99.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Good Work Institute Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Good Work Institute Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $483K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Good Work Institute Inc
Is Good Work Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Good Work Institute Inc (EIN: 473091614) insufficient data. 0 red flags identified, 0 strengths noted.
How does Good Work Institute Inc spend its money?
Detailed spending breakdown data is not yet available for Good Work Institute Inc. Check back for updated IRS 990 analysis.
Are donations to Good Work Institute Inc tax-deductible?
Good Work Institute Inc is registered as a tax-exempt nonprofit (EIN: 473091614). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Good Work Institute Inc located?
Good Work Institute Inc is headquartered in Kingston, New York and files with the IRS under EIN 473091614. It is classified under NTEE code P20.
How many years of IRS 990 filings does Good Work Institute Inc have?
Good Work Institute Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.5M in total revenue.
Filing History
IRS 990 filing history for Good Work Institute Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Good Work Institute Inc's revenue has grown by 46.4%, moving from $1.8M to $2.7M. Total assets increased by 67.7% over the same period, from $1.6M to $2.6M. Total functional expenses rose by 77.3%, from $1.8M to $3.2M. In its most recent filing year (2023), Good Work Institute Inc reported a deficit of $483K, with expenses exceeding revenue. The organization holds $23K in liabilities against $2.6M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $3.2M | $2.6M | $23K | — | — |
| 2022 | $4.2M | $2.6M | $3.1M | $35K | — | — |
| 2021 | $1.8M | $1.8M | $1.6M | $57K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $3.2M, and assets of $2.6M (revenue -35.6% year-over-year).
- 2022: Revenue of $4.2M, expenses of $2.6M, and assets of $3.1M (revenue +127.2% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.8M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Work Institute Inc:
Data Sources and Methodology
This transparency report for Good Work Institute Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.