Quick charity verification for Goose Rocks Beach Association Inc (EIN: 10376834)
Verdict: Goose Rocks Beach Association Inc appears trustworthy
95/100Mission Score
$171KRevenue
$247KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial surpluses, such as $161,368 revenue vs. $115,712 expenses in 2023.
Zero reported liabilities across all filing periods, indicating strong financial management.
0% officer compensation, maximizing funds for programs and demonstrating volunteer commitment.
Growing asset base, increasing from $178,745 in 2020 to $258,170 in 2023.
Consistent IRS 990 filings over 13 periods, demonstrating high transparency.
Spending Breakdown
How Goose Rocks Beach Association 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 Goose Rocks Beach Association Inc
Is Goose Rocks Beach Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goose Rocks Beach Association Inc (EIN: 10376834) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Goose Rocks Beach Association Inc a good charity to donate to?
Goose Rocks Beach Association Inc has a Mission Score of 95/100. Revenue: $171K. Assets: $247K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Goose Rocks Beach Association Inc?
The Employer Identification Number (EIN) for Goose Rocks Beach Association Inc is 10376834. 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 Goose Rocks Beach Association Inc spend its money?
Goose Rocks Beach Association Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Goose Rocks Beach Association Inc's tax-exempt status?
You can verify Goose Rocks Beach Association Inc's tax-exempt status using EIN 10376834 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 Goose Rocks Beach Association Inc demonstrates consistent financial stability and efficient spending. Over the past several years, the organization has maintained a healthy asset base, with assets growing from $178,745 in 2020 to $258,170 in 2023. Their revenue has also shown a positive trend, increasing from $58,751 in 2020 to $161,368 in 2023, indicating strong community support or effective fundraising. The organization consistently operates with no liabilities, which is a significant indicator of sound financial management and low financial risk.
Spending efficiency appears to be a strong point, as evidenced by the consistent surplus of revenue over expenses in recent years (e.g., $161,368 revenue vs. $115,712 expenses in 2023). This allows for asset growth and future program investment. The absence of officer compensation reported across all filings suggests that the organization is likely volunteer-led, which significantly reduces administrative overhead and maximizes funds available for its mission. This commitment to minimizing administrative costs is a hallmark of a well-managed nonprofit.
Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The lack of reported officer compensation further enhances transparency by demonstrating that resources are not being diverted to high executive salaries. Overall, the Goose Rocks Beach Association Inc appears to be a financially healthy and efficiently run organization, dedicated to its mission with strong fiscal oversight.