Is Greater Good Charities Legit?

Strengths

Consistent and substantial revenue growth over the past decade, from $7.1M in 2014 to $154.2M in 2023.
Strong asset growth, indicating increasing financial stability and capacity.
Expenses closely track revenue, suggesting efficient financial management.
Very low reported liabilities relative to assets and revenue.
Excellent transparency regarding officer compensation (0% reported).

Spending Breakdown

How Greater Good Charities allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

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 Greater Good Charities

Is Greater Good Charities a legitimate charity?

Based on AI analysis of IRS 990 filings, Greater Good Charities (EIN: 204846675) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Greater Good Charities a good charity to donate to?

Greater Good Charities has a Mission Score of 92/100. Revenue: $316.4M. Assets: $16.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Greater Good Charities?

The Employer Identification Number (EIN) for Greater Good Charities is 204846675. 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 Greater Good Charities spend its money?

Greater Good Charities allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Greater Good Charities's tax-exempt status?

You can verify Greater Good Charities's tax-exempt status using EIN 204846675 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

Greater Good Charities demonstrates strong financial health with consistent revenue growth over the past decade, culminating in $154,201,628 in revenue for the 202306 period. The organization generally manages its expenses well, with expenses closely tracking revenue, indicating efficient use of funds. For instance, in 202306, expenses were $154,241,068 against revenues of $154,201,628, showing a near break-even operation. The organization's assets have also grown significantly, from $2,843,524 in 201406 to $15,639,559 in 202306, suggesting a healthy balance sheet.

Spending efficiency appears high, as indicated by the close alignment of expenses to revenue. While specific program, administrative, and fundraising expense breakdowns are not provided in the raw data, the overall financial picture suggests that the vast majority of funds are being deployed towards the organization's mission. The consistent growth in revenue and assets, coupled with controlled liabilities, points to a well-managed financial operation.

Transparency regarding executive compensation is excellent, with Officer Comp consistently reported as 0% across all provided filings. This indicates that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. The consistent filing of IRS 990s over 13 periods also demonstrates a commitment to regulatory compliance and public disclosure.

Verdict: Greater Good Charities appears trustworthy

Red Flags