Quick charity verification for Go4 Thegoal Foundation (EIN: 205065314)
Verdict: Go4 Thegoal Foundation appears trustworthy
85/100Mission Score
$450KRevenue
$650KAssets
1Red Flags
4Strengths
Red Flags
Periods where expenses exceeded revenue (e.g., 202212: $595,234 expenses vs. $536,089 revenue; 202012: $468,134 expenses vs. $300,169 revenue), indicating reliance on reserves or prior surpluses.
Strengths
Strong asset base relative to liabilities (e.g., $652,210 assets vs. $83 liabilities in 202312).
Consistent reporting of 0% officer compensation across all filings, suggesting efficient use of funds.
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Generally positive net income in most years, contributing to asset growth (e.g., $491,805 revenue vs. $433,242 expenses in 202312).
Spending Breakdown
How Go4 Thegoal Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Go4 Thegoal Foundation
Is Go4 Thegoal Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Go4 Thegoal Foundation (EIN: 205065314) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Go4 Thegoal Foundation a good charity to donate to?
Go4 Thegoal Foundation has a Mission Score of 85/100. Revenue: $450K. Assets: $650K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Go4 Thegoal Foundation?
The Employer Identification Number (EIN) for Go4 Thegoal Foundation is 205065314. 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 Go4 Thegoal Foundation spend its money?
Go4 Thegoal Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Go4 Thegoal Foundation's tax-exempt status?
You can verify Go4 Thegoal Foundation's tax-exempt status using EIN 205065314 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
Go4 Thegoal Foundation demonstrates generally sound financial health, with assets consistently exceeding liabilities across its filing history. In the latest period (202312), the organization reported $652,210 in assets against minimal liabilities of $83, indicating a strong balance sheet. Revenue has fluctuated over the years, peaking at $753,330 in 201912 and most recently at $491,805 in 202312. The organization has consistently spent less than or close to its revenue in most years, such as in 202312 where expenses were $433,242 against $491,805 in revenue, contributing to asset growth. However, there have been periods, like 202212 and 202012, where expenses exceeded revenue, leading to a slight draw on reserves or prior year surpluses.
The organization's spending efficiency appears to be reasonable, though a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can be a positive indicator of resource allocation towards mission-related activities. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency and regulatory compliance.