Is L & J Goldrich Foundation Legit? —…

Strengths

Strong and consistent asset growth, reaching $5,572,232 in 2023.
Extremely low expense ratio relative to revenue in recent years (e.g., 17.6% in 2023).
Consistently reports 0% officer compensation, indicating high dedication of funds to mission.
Minimal liabilities ($1 in recent years) demonstrating sound financial management.
Long filing history (10 filings) providing good transparency over time.

Spending Breakdown

How L & J Goldrich 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 L & J Goldrich Foundation

Is L & J Goldrich Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, L & J Goldrich Foundation (EIN: 116038035) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is L & J Goldrich Foundation a good charity to donate to?

L & J Goldrich Foundation has a Mission Score of 95/100. Revenue: $1.3M. Assets: $5.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for L & J Goldrich Foundation?

The Employer Identification Number (EIN) for L & J Goldrich Foundation is 116038035. 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 L & J Goldrich Foundation spend its money?

L & J Goldrich Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify L & J Goldrich Foundation's tax-exempt status?

You can verify L & J Goldrich Foundation's tax-exempt status using EIN 116038035 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 L & J Goldrich Foundation demonstrates strong financial health with consistently growing assets, reaching $5,572,232 in 2023. The foundation's revenue has fluctuated significantly over the years, with a high of $3,268,856 in 2021 and $569,698 in 2023. However, expenses have remained relatively low compared to revenue in most recent years, indicating efficient management of funds. For instance, in 2023, expenses were only $100,580 against $569,698 in revenue, contributing to asset growth. The foundation consistently reports zero officer compensation, which is a positive indicator of resource allocation directly to its mission rather than administrative overhead for leadership salaries.

The organization's spending efficiency appears very high, particularly in recent years where expenses are a small fraction of revenue. For example, in 2023, expenses were approximately 17.6% of revenue. This suggests that a significant portion of its income is either retained for future programs or directly distributed as grants, aligning with its nature as a private foundation. The consistent reporting of minimal liabilities ($1 in recent years) also points to sound financial management and a low-risk profile. The absence of officer compensation further enhances its spending efficiency and transparency profile.

Transparency is generally good, with 10 years of filing history available. The consistent reporting of zero officer compensation is a key transparency strength, indicating that the foundation's leadership is not drawing salaries from its charitable funds. While the NTEE code is unknown, which can sometimes hinder a full understanding of its specific programmatic focus, the overall financial data suggests a well-managed and fiscally responsible entity. The low expense ratios across multiple years are a strong positive for its financial health and operational efficiency.

Is L & J Goldrich Foundation Legit?

Verdict: L & J Goldrich Foundation appears trustworthy

Red Flags