Quick charity verification for Goodtemps Inc (EIN: 201643163)
Verdict: Goodtemps Inc appears trustworthy
85/100Mission Score
$4.0MRevenue
$879KAssets
3Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the most recent 2023 filing ($7,821,271 vs $6,860,188).
Significant decrease in assets from $1,722,768 in 2022 to $694,787 in 2023.
Consistent 0% officer compensation, which is unusual for an organization with multi-million dollar revenues and could indicate reporting nuances.
Strengths
Consistent history of IRS 990 filings, indicating good transparency.
Generally stable financial operations over many years, with revenues often exceeding expenses.
Low liabilities relative to assets in most periods, suggesting good financial management (e.g., $18,122 liabilities vs $694,787 assets in 2023).
No reported officer compensation, potentially indicating a strong commitment to mission-focused spending.
Spending Breakdown
How Goodtemps Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Goodtemps Inc
Is Goodtemps Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodtemps Inc (EIN: 201643163) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Goodtemps Inc a good charity to donate to?
Goodtemps Inc has a Mission Score of 85/100. Revenue: $4.0M. Assets: $879K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Goodtemps Inc?
The Employer Identification Number (EIN) for Goodtemps Inc is 201643163. 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 Goodtemps Inc spend its money?
Goodtemps Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Goodtemps Inc's tax-exempt status?
You can verify Goodtemps Inc's tax-exempt status using EIN 201643163 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
Goodtemps Inc demonstrates a generally stable financial history, with revenues fluctuating but often exceeding expenses, indicating operational sustainability over many years. For instance, in 2022, revenue was $7,148,167 against expenses of $6,907,472. However, the most recent filing (2023) shows a deficit, with expenses ($7,821,271) exceeding revenue ($6,860,188), which warrants monitoring. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. Their asset base has varied, reaching a high of $1,722,768 in 2022, providing a reasonable buffer for operations. The consistent filing of IRS 990s over 13 periods also points to good transparency practices.