Is Kenneth Goodman Family Foundation Legit?…

Quick charity verification for Kenneth Goodman Family Foundation (EIN: 137407181)

Spending Breakdown

How Kenneth Goodman Family Foundation 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 Kenneth Goodman Family Foundation

Is Kenneth Goodman Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Kenneth Goodman Family Foundation (EIN: 137407181) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.

Is Kenneth Goodman Family Foundation a good charity to donate to?

Kenneth Goodman Family Foundation has a Mission Score of 70/100. Revenue: $5K. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Kenneth Goodman Family Foundation?

The Employer Identification Number (EIN) for Kenneth Goodman Family Foundation is 137407181. 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 Kenneth Goodman Family Foundation spend its money?

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

How can I verify Kenneth Goodman Family Foundation's tax-exempt status?

You can verify Kenneth Goodman Family Foundation's tax-exempt status using EIN 137407181 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 Kenneth Goodman Family Foundation appears to be a private foundation, as indicated by its NTEE code T20 (Private Grantmaking Foundations) and its consistent pattern of low revenue relative to expenses, suggesting it primarily disburses grants from an endowment rather than actively fundraising from the public. The organization's assets have significantly declined over the past decade, from $1,479,073 in 2011 to $188,831 in 2023, while expenses have generally remained high relative to its annual revenue. For instance, in 2023, it reported $18,171 in revenue against $229,880 in expenses, and in 2022, $11,367 in revenue against $294,315 in expenses. This trend suggests a substantial draw-down of its principal over time.

Given its structure as a private foundation, the typical metrics for public charity spending efficiency (e.g., fundraising costs) are less applicable. However, the consistent deficit spending raises questions about the long-term sustainability of its grantmaking activities at current levels. The organization consistently reports $1 in liabilities, which is a positive indicator of financial stability in that regard. Transparency is generally good through its 990 filings, which are publicly available.

Overall, the foundation is drawing down its assets to fund its grantmaking. While this is a legitimate strategy for private foundations, the rate of asset depletion suggests a finite operational lifespan if current spending patterns continue without significant new infusions of capital. Its financial health is stable in terms of liabilities, but its asset base is shrinking.

Is Kenneth Goodman Family Foundation Legit?

Verdict: Kenneth Goodman Family Foundation appears trustworthy

Red Flags

Strengths