Is Gould Foundation Inc Legit?

Strengths

Significant asset growth, reaching $1,391,519 in the latest period.
Extremely low liabilities, consistently reported as $1.
High financial efficiency with very low expenses relative to revenue (e.g., $59,292 expenses on $893,942 revenue in 2023).
No reported officer compensation, indicating volunteer leadership or highly efficient governance.
Consistent filing history over 10 periods, demonstrating transparency.

Spending Breakdown

How Gould Foundation 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

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 Gould Foundation Inc

Is Gould Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Gould Foundation Inc (EIN: 201247321) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Gould Foundation Inc a good charity to donate to?

Gould Foundation Inc has a Mission Score of 90/100. Revenue: $206K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Gould Foundation Inc?

The Employer Identification Number (EIN) for Gould Foundation Inc is 201247321. 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 Gould Foundation Inc spend its money?

Gould Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Gould Foundation Inc's tax-exempt status?

You can verify Gould Foundation Inc's tax-exempt status using EIN 201247321 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 Gould Foundation Inc. demonstrates a strong financial position, particularly with its latest reported assets of $1,391,519 and a significant revenue increase to $893,942 in the 202312 period. This substantial growth in assets and revenue, especially compared to previous years where revenue often hovered around $20,000-$50,000, suggests a recent major influx of funds or a change in operational scale. The organization consistently reports minimal liabilities ($1), indicating sound financial management and a low-risk profile.

Spending efficiency appears very high, with expenses in the 202312 period at $59,292 against revenue of $893,942, resulting in a large surplus. This pattern of low expenses relative to revenue is consistent across most filing periods, suggesting that the foundation primarily operates as a grant-making or asset-holding entity rather than one with high direct program delivery costs. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-led or very lean administrative structure, which contributes to high efficiency.

Transparency is good, with 10 years of consistent IRS 990 filings available. The clear reporting of assets, liabilities, revenue, and expenses, along with the absence of officer compensation, provides a straightforward view of the organization's financial activities. The significant increase in assets and revenue in the most recent period warrants further investigation to understand the source of funds and their intended deployment, but the overall financial health appears robust.

Verdict: Gould Foundation Inc appears trustworthy