Quick charity verification for Goodwill Industries Foundation Inc (EIN: 202537638)
Verdict: Goodwill Industries Foundation Inc shows mixed signals
50/100Mission Score
$0Revenue
$0Assets
3Red Flags
3Strengths
Red Flags
Latest reported revenue of $0 and assets of $0, contradicting historical trends.
Lack of detailed expense breakdown to assess program spending ratio.
NTEE code is unknown, hindering classification and comparison with similar organizations.
Strengths
Consistent asset growth from $1,748,361 in 2011 to $2,275,923 in 2014 (historically).
Zero reported liabilities across all filings, indicating strong financial solvency.
0% officer compensation reported, suggesting volunteer leadership or very low administrative overhead.
Spending Breakdown
How Goodwill Industries Foundation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Goodwill Industries Foundation Inc
Is Goodwill Industries Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodwill Industries Foundation Inc (EIN: 202537638) shows mixed signals. Mission Score: 50/100. 3 red flags identified, 3 strengths noted.
Is Goodwill Industries Foundation Inc a good charity to donate to?
Goodwill Industries Foundation Inc has a Mission Score of 50/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Goodwill Industries Foundation Inc?
The Employer Identification Number (EIN) for Goodwill Industries Foundation Inc is 202537638. 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 Goodwill Industries Foundation Inc spend its money?
Goodwill Industries Foundation Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Goodwill Industries Foundation Inc's tax-exempt status?
You can verify Goodwill Industries Foundation Inc's tax-exempt status using EIN 202537638 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
Goodwill Industries Foundation Inc appears to be a financially stable organization, primarily functioning as a supporting foundation given its name and asset growth without significant program expenses. Over the four-year period analyzed, the organization consistently reported zero liabilities, indicating a strong balance sheet. Its assets have steadily grown from $1,748,361 in 2011 to $2,275,923 in 2014, suggesting effective asset management and investment. However, the latest reported revenue of $0 and assets of $0 is concerning and suggests a potential change in reporting or operational status that warrants further investigation, as it contradicts the historical trend of positive revenue and growing assets. Without more recent data or clarification on the $0 figures, it's difficult to fully assess current financial health.
The organization's spending efficiency is difficult to fully ascertain from the provided data, as detailed expense breakdowns are not available. However, the ratio of expenses to revenue is generally low, particularly in 2011 where expenses were $43,936 against revenue of $1,143,441. This could indicate either very efficient operations or that the foundation primarily holds and invests assets rather than directly funding extensive programs. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence. Transparency regarding program activities and how the assets are utilized to support the broader Goodwill mission would enhance understanding of its impact.
The significant drop to $0 revenue and assets in the latest report, following a consistent pattern of positive figures, is a major red flag for transparency and current operational status. While historical data shows a well-managed asset base and low liabilities, the current reported state is highly unusual for an active foundation. Further inquiry into the reason for these $0 figures is crucial for a complete financial assessment. If these figures represent a cessation of operations or a merger, it should be clearly communicated.