The Good Works Inc

Nonprofit profile at a glance

EIN
862398518
IRS 990-EZ coverage
2021–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
Charlotte, NC, USA
Phone
7044699242
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonprofit Management

Reported finances

Revenue
$14,220
Expenses
$8,000
Assets
$7,997
Liabilities
$0

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

Leadership & pay

2 people listed

People named in this filing

  • MARVIN HEARNS (PRESIDENTTREAS)
  • JASMINE TWITTY (SECRETARY)

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

Charitable giving to those in need.

What it reported doing in 2024

The Good Works provices financial assistance and offers connection options to non-profits, and makes available education information to those in need.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 75% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 74
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.3%; rating input score 56
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 2nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 43.7%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 1; rating input score 46; 46th 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: 83.2% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 4.5% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: 11.4% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 56.3% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $8K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.