Quick charity verification for Goolsby Elementary School Plt Inc (EIN: 202646479)
Verdict: Goolsby Elementary School Plt Inc appears trustworthy
85/100Mission Score
$0Revenue
$0Assets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
No reported liabilities across all filing periods, demonstrating strong financial stability.
Significant growth in assets from $16,353 in 2013 to $140,080 in 2020, showing prudent financial management.
Consistent filing of IRS Form 990s, indicating good transparency.
Positive net income in most recent filing period (2020), with revenue of $115,938 exceeding expenses of $37,243.
Spending Breakdown
How Goolsby Elementary School Plt Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Goolsby Elementary School Plt Inc
Is Goolsby Elementary School Plt Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goolsby Elementary School Plt Inc (EIN: 202646479) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Goolsby Elementary School Plt Inc a good charity to donate to?
Goolsby Elementary School Plt Inc has a Mission Score of 85/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Goolsby Elementary School Plt Inc?
The Employer Identification Number (EIN) for Goolsby Elementary School Plt Inc is 202646479. 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 Goolsby Elementary School Plt Inc spend its money?
Goolsby Elementary School Plt Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Goolsby Elementary School Plt Inc's tax-exempt status?
You can verify Goolsby Elementary School Plt Inc's tax-exempt status using EIN 202646479 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
Goolsby Elementary School Plt Inc, despite its name, appears to be a small parent-teacher organization or similar support group for the school. Its financial health shows variability, with revenues fluctuating significantly year-to-year, from a low of $18,103 in 2017 to a high of $115,938 in 2020. The organization consistently reports $0 in liabilities, indicating a healthy balance sheet without debt. Assets have grown substantially, from $16,353 in 2013 to $140,080 in 2020, suggesting effective asset management or accumulation of reserves.
The spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond total expenses. However, the organization consistently reports 0% officer compensation, which is a positive indicator of volunteer-driven leadership and efficient use of funds for its stated purpose. The latest filing shows revenue of $115,938 against expenses of $37,243, indicating a significant surplus for that period, which could be reinvested into programs or held as reserves. Transparency appears good given the consistent filing of IRS Form 990s, and the absence of officer compensation is a strong positive for public trust.
Overall, Goolsby Elementary School Plt Inc demonstrates a lean operational model with no reported executive compensation and a history of building assets. While the specific program spending efficiency cannot be precisely determined from the provided data, the lack of liabilities and growing asset base suggest prudent financial management for an organization of its size.