Goodworks Inc
Goodworks Inc. maintains strong assets and zero officer compensation despite occasional revenue fluctuations.
EIN: 200495619 · Chapin, SC · NTEE: L25 · Updated: 2026-03-28
Is Goodworks Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goodworks Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goodworks Inc
Goodworks Inc (EIN: 200495619) is a nonprofit organization based in Chapin, SC, classified under NTEE code L25. The organization reported total revenue of $471K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goodworks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Goodworks Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Goodworks Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization with over $1.5 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Goodworks Inc's IRS 990 filings:
- Expenses exceeded revenue in 2022 ($178,043 vs. $121,335), indicating a deficit for that period.
- The consistent 0% officer compensation, while positive, could warrant further inquiry to understand how leadership is sustained, especially for an organization with significant assets.
Strengths
The following positive indicators were identified for Goodworks Inc:
- Strong and consistently growing asset base, reaching $1,557,361.
- Zero reported liabilities across all filing periods, indicating excellent financial management.
- Consistent reporting of 0% officer compensation, maximizing funds for programs.
- Long history of IRS 990 filings (12 filings), demonstrating transparency and accountability.
- Revenue generally exceeds expenses, contributing to financial stability and growth.
Frequently Asked Questions about Goodworks Inc
Is Goodworks Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodworks Inc (EIN: 200495619) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Goodworks Inc spend its money?
Goodworks Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Goodworks Inc tax-deductible?
Goodworks Inc is registered as a tax-exempt nonprofit (EIN: 200495619). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Goodworks Inc. a good charity?
Based on the available IRS 990 data, Goodworks Inc. appears to be a very good charity. It demonstrates strong financial health with growing assets ($1,557,361), no reported liabilities, and a remarkable commitment to directing funds towards its mission by reporting 0% officer compensation.
How has Goodworks Inc.'s financial health changed over time?
Goodworks Inc. has shown consistent asset growth, from $955,270 in 2013 to $1,557,361 currently. While revenue and expenses fluctuate year-to-year, the overall trend indicates increasing financial stability and capacity.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant. It means that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation on the 990, ensuring that a very high percentage of donations directly support programs rather than administrative salaries.
Filing History
IRS 990 filing history for Goodworks Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Goodworks Inc's revenue has declined by 58.7%, moving from $294K to $121K. Total assets increased by 79.9% over the same period, from $772K to $1.4M. Total functional expenses rose by 130.7%, from $77K to $178K. In its most recent filing year (2022), Goodworks Inc reported a deficit of $57K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $121K | $178K | $1.4M | $0 | — | View 990 |
| 2021 | $271K | $155K | $1.5M | $0 | — | View 990 |
| 2020 | $257K | $149K | $1.4M | $0 | — | View 990 |
| 2019 | $166K | $159K | $1.3M | $0 | — | View 990 |
| 2018 | $164K | $131K | $1.3M | $0 | — | View 990 |
| 2017 | $214K | $146K | $1.2M | $0 | — | View 990 |
| 2016 | $356K | $193K | $1.2M | $0 | — | View 990 |
| 2015 | $152K | $116K | $1.0M | $0 | — | View 990 |
| 2014 | $138K | $122K | $971K | $0 | — | View 990 |
| 2013 | $162K | $91K | $955K | $0 | — | View 990 |
| 2012 | $339K | $130K | $884K | $0 | — | View 990 |
| 2011 | $294K | $77K | $772K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $121K, expenses of $178K, and assets of $1.4M (revenue -55.2% year-over-year).
- 2021: Revenue of $271K, expenses of $155K, and assets of $1.5M (revenue +5.4% year-over-year).
- 2020: Revenue of $257K, expenses of $149K, and assets of $1.4M (revenue +54.2% year-over-year).
- 2019: Revenue of $166K, expenses of $159K, and assets of $1.3M (revenue +1.2% year-over-year).
- 2018: Revenue of $164K, expenses of $131K, and assets of $1.3M (revenue -23.3% year-over-year).
- 2017: Revenue of $214K, expenses of $146K, and assets of $1.2M (revenue -39.8% year-over-year).
- 2016: Revenue of $356K, expenses of $193K, and assets of $1.2M (revenue +134.6% year-over-year).
- 2015: Revenue of $152K, expenses of $116K, and assets of $1.0M (revenue +10.3% year-over-year).
- 2014: Revenue of $138K, expenses of $122K, and assets of $971K (revenue -15.1% year-over-year).
- 2013: Revenue of $162K, expenses of $91K, and assets of $955K (revenue -52.1% year-over-year).
- 2012: Revenue of $339K, expenses of $130K, and assets of $884K (revenue +15.2% year-over-year).
- 2011: Revenue of $294K, expenses of $77K, and assets of $772K.
Data Sources and Methodology
This transparency report for Goodworks 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.