Quick charity verification for Amy P Goldman Foundation (EIN: 204853144)
Verdict: Amy P Goldman Foundation appears trustworthy
90/100Mission Score
$6.9MRevenue
$15.9MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 ($2,240,386 vs $1,985,268), indicating a deficit for that year, though this is common for foundations distributing grants.
Strengths
Consistent asset growth from $8.3M in 2012 to $15.8M in 2023.
Zero officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
Minimal liabilities ($1 across recent filings) demonstrating strong financial stability.
Strong program focus, implied by the nature of a foundation and zero executive compensation.
Spending Breakdown
How Amy P Goldman Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Amy P Goldman Foundation
Is Amy P Goldman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Amy P Goldman Foundation (EIN: 204853144) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Amy P Goldman Foundation a good charity to donate to?
Amy P Goldman Foundation has a Mission Score of 90/100. Revenue: $6.9M. Assets: $15.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Amy P Goldman Foundation?
The Employer Identification Number (EIN) for Amy P Goldman Foundation is 204853144. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Amy P Goldman Foundation spend its money?
Amy P Goldman Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Amy P Goldman Foundation's tax-exempt status?
You can verify Amy P Goldman Foundation's tax-exempt status using EIN 204853144 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Amy P Goldman Foundation demonstrates consistent financial health with robust asset growth over the past decade, increasing from $8,374,075 in 2012 to $15,843,969 in 2023. The organization's revenue has fluctuated, with a high of $5,773,913 in 2019 and $5,432,272 in 2021, but generally maintains a strong base. In 2023, expenses ($2,240,386) exceeded revenue ($1,985,268), indicating a deficit for that year, though this is not uncommon for foundations that distribute grants from their endowments. The foundation consistently reports minimal liabilities ($1 across most recent filings), suggesting a very stable financial position.
Spending efficiency appears strong, particularly given the nature of a grant-making foundation where program spending is typically direct grants. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of efficient use of funds and a commitment to directing resources towards its mission rather than administrative overhead. This also points to a high degree of transparency regarding executive remuneration, as it is clearly stated as non-existent.
Overall, the foundation exhibits strong financial management and transparency. Its consistent asset base, minimal liabilities, and zero officer compensation contribute to a positive assessment of its operational integrity and dedication to its philanthropic goals. The fluctuations in annual revenue and expenses are typical for foundations that manage endowments and make grants, and the long-term asset growth confirms its sustainability.