Quick charity verification for Good Cheer Society Inc (EIN: 20222136)
Verdict: Good Cheer Society Inc appears trustworthy
85/100Mission Score
$2.2MRevenue
$3.6MAssets
1Red Flags
4Strengths
Red Flags
Recent years show expenses exceeding revenue (e.g., 202309: $213,035 expenses vs. $172,341 revenue), which is not sustainable long-term without drawing down reserves or increasing revenue.
Strengths
Consistently reports 0% officer compensation, indicating a highly efficient or volunteer-driven leadership.
Maintains a strong asset base ($3,637,855 latest) relative to its annual revenue, providing financial stability.
Consistently reports $0 in liabilities, indicating a debt-free operation.
Long history of IRS 990 filings (13 filings) demonstrates commitment to transparency and compliance.
Spending Breakdown
How Good Cheer Society Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Good Cheer Society Inc
Is Good Cheer Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Good Cheer Society Inc (EIN: 20222136) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Good Cheer Society Inc a good charity to donate to?
Good Cheer Society Inc has a Mission Score of 85/100. Revenue: $2.2M. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Good Cheer Society Inc?
The Employer Identification Number (EIN) for Good Cheer Society Inc is 20222136. 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 Good Cheer Society Inc spend its money?
Good Cheer Society Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Good Cheer Society Inc's tax-exempt status?
You can verify Good Cheer Society Inc's tax-exempt status using EIN 20222136 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
Good Cheer Society Inc. demonstrates consistent financial stability with a strong asset base relative to its annual revenue. Over the past decade, the organization has maintained assets well over $2 million, reaching $3,637,855 in its latest filing, significantly exceeding its latest reported revenue of $2,231,193. This indicates a healthy reserve and capacity. However, recent filings show expenses exceeding revenue, such as in 202309 ($213,035 expenses vs. $172,341 revenue) and 202209 ($201,682 expenses vs. $167,459 revenue), which, if sustained, could gradually erode reserves. The organization consistently reports zero liabilities and zero officer compensation, suggesting a lean operational structure and a high degree of financial transparency regarding executive pay.
The organization's spending efficiency appears strong given the absence of officer compensation, implying that resources are directed towards its mission rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the consistent reporting of zero officer compensation is a positive indicator for donor confidence. The consistent filing of IRS Form 990s over 13 periods also reflects a commitment to regulatory compliance and transparency.