The Good Works Corporation

Nonprofit profile at a glance

EIN
260215815
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024, Form 990-N 2008
Location
Towson, MD, USA
Phone
4103372700
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$51,514
Expenses
$27,356
Assets
$171,983
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Jason Chorpenning (President)

People named in this filing

  • JENNIFER HARRISON (COMPTROLLER)
  • Tom Hipkins (SECRETARY)
  • Jason Chorpenning (President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

A) to provide financial support to qualifying organizations and individuals for medical research to diagnose, treat and eradicate genetic and communicable diseases. B) to enable other organizations that qualify as exempt organizations under section 501 (c )(3) of the internal revenue code of 1954 (or corresponding provision of any future united states internal revenue law) to offer treatment, care and services to persons suffering from genetic and/or communicable diseases. C) to provide advisory services to qualifying indigent individuals and organizations established for that purpose, to accomplish the purposes herein mentioned. D) to provide all of the aforesaid services without regard to race, creed, religion, sex, national origin, age, handicap or sexual preference.

What it reported doing in 2024

The good works corporation conducts an annual special event to raise funds and awareness toward the eventual defeat of diseases.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 100
  • Sustainability: 83
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 48.1%; rating input score 48
  • Program expense ratio: 84.1%; rating input score 84

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 46.9%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 6.29; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -38.8% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: 33.7% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 48.1% of revenue deployed · 84.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $23K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.