Quick charity verification for Goodfriend Foundation (EIN: 203791086)
Verdict: Goodfriend Foundation shows mixed signals
45/100Mission Score
$3.2MRevenue
$3.4MAssets
4Red Flags
2Strengths
Red Flags
Consistent operating deficits, with expenses frequently exceeding revenue.
Significant decline in total assets over the past decade, from $6M to $3.1M.
Negative revenue reported in multiple years (e.g., 2022, 2011), indicating potential investment losses or significant returns.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency analysis.
Strengths
Zero officer compensation reported, indicating no direct financial benefit to executives.
Minimal liabilities, suggesting no significant debt burden.
Spending Breakdown
How Goodfriend Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Goodfriend Foundation
Is Goodfriend Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodfriend Foundation (EIN: 203791086) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Goodfriend Foundation a good charity to donate to?
Goodfriend Foundation has a Mission Score of 45/100. Revenue: $3.2M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Goodfriend Foundation?
The Employer Identification Number (EIN) for Goodfriend Foundation is 203791086. 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 Goodfriend Foundation spend its money?
Goodfriend Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Goodfriend Foundation's tax-exempt status?
You can verify Goodfriend Foundation's tax-exempt status using EIN 203791086 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 Goodfriend Foundation exhibits a concerning trend of declining assets and consistent operating deficits over the past decade. While the organization reports zero officer compensation, which is a positive for resource allocation, its revenue has frequently fallen short of expenses. For instance, in 2023, revenue was $332,153 against expenses of $470,550, and in 2022, it reported negative revenue of $-32,527 while incurring $375,214 in expenses. This pattern suggests the foundation is drawing down its assets to cover operational costs, with assets decreasing from $6,064,473 in 2011 to $3,177,919 in 2023. The consistent liabilities of $1 in recent years are negligible, indicating no significant debt burden beyond operational shortfalls. The lack of detailed expense breakdowns (program, admin, fundraising) in the provided data limits a full assessment of spending efficiency, but the overall financial trajectory raises questions about long-term sustainability.