Quick charity verification for Goldman Family Foundation Inc (EIN: 200441207)
Verdict: Goldman Family Foundation Inc shows mixed signals
60/100Mission Score
$303Revenue
$9KAssets
3Red Flags
2Strengths
Red Flags
Consistent negative net income (expenses exceeding revenue) across multiple years.
Significant and continuous decline in total assets from $163,085 in 2011 to $8,648 currently.
Latest reported revenue of $303 is extremely low compared to historical expenses, indicating potential operational challenges.
Strengths
Consistent 0% officer compensation, indicating no executive pay overhead.
History of 8 IRS 990 filings, demonstrating compliance with reporting requirements.
Spending Breakdown
How Goldman Family Foundation Inc 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 Goldman Family Foundation Inc
Is Goldman Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goldman Family Foundation Inc (EIN: 200441207) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.
Is Goldman Family Foundation Inc a good charity to donate to?
Goldman Family Foundation Inc has a Mission Score of 60/100. Revenue: $303. Assets: $9K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Goldman Family Foundation Inc?
The Employer Identification Number (EIN) for Goldman Family Foundation Inc is 200441207. 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 Goldman Family Foundation Inc spend its money?
Goldman Family Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Goldman Family Foundation Inc's tax-exempt status?
You can verify Goldman Family Foundation Inc's tax-exempt status using EIN 200441207 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 Goldman Family Foundation Inc. appears to be a small private foundation with fluctuating financial activity. In 2021, the organization reported revenue of $27,343 against expenses of $53,934, indicating a significant deficit for the year. This trend of expenses exceeding revenue is consistent across multiple years, such as 2020 (revenue $1,554, expenses $34,135) and 2019 (revenue $10,987, expenses $22,621). The foundation's assets have shown a consistent decline over the years, from $163,085 in 2011 to $63,261 in 2021, and further to $8,648 in the latest period, suggesting it is drawing down its principal or experiencing sustained operational losses.
Given the available data, it's challenging to fully assess spending efficiency without a detailed breakdown of expenses into program, administrative, and fundraising categories. However, the consistent negative net income suggests that the foundation is not financially sustainable based on its current revenue streams. The organization reports 0% officer compensation across all available filings, which is a positive indicator for minimizing administrative overhead related to executive pay.
Transparency is generally good as the organization has a history of 8 IRS 990 filings, indicating compliance with reporting requirements. However, the lack of detailed expense breakdowns in the provided summary limits a deeper analysis of how funds are allocated. The significant decline in assets and the consistent spending beyond revenue warrant closer examination for long-term viability.