Is The Consumer Goods Forum Legit? —…

Strengths

Consistent revenue growth from $15.9M in 2014 to $19.5M in 2023.
Healthy asset growth from $12.0M in 2014 to $16.6M in 2023.
Consistent operating with a surplus (e.g., $19.5M revenue vs $18.6M expenses in 2023).
0% reported officer compensation across all available filings, indicating high efficiency and transparency.
Strong financial stability with increasing assets and controlled liabilities.

Spending Breakdown

How The Consumer Goods Forum 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 The Consumer Goods Forum

Is The Consumer Goods Forum a legitimate charity?

Based on AI analysis of IRS 990 filings, The Consumer Goods Forum (EIN: 131857682) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is The Consumer Goods Forum a good charity to donate to?

The Consumer Goods Forum has a Mission Score of 92/100. Revenue: $20.6M. Assets: $15.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Consumer Goods Forum?

The Employer Identification Number (EIN) for The Consumer Goods Forum is 131857682. 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 The Consumer Goods Forum spend its money?

The Consumer Goods Forum allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The Consumer Goods Forum's tax-exempt status?

You can verify The Consumer Goods Forum's tax-exempt status using EIN 131857682 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 Consumer Goods Forum demonstrates consistent financial growth and stability over the past decade. Revenue has steadily increased from $15,992,662 in 2014 to $19,511,839 in 2023, indicating a healthy ability to attract resources. The organization consistently operates with a surplus, with revenues generally exceeding expenses, such as in 2023 where revenue was $19,511,839 against expenses of $18,638,399. This financial prudence allows for asset growth, with assets increasing from $12,039,930 in 2014 to $16,636,828 in 2023.

Spending efficiency appears strong, as the organization consistently manages its expenses relative to its revenue. The absence of reported officer compensation across all available filings suggests a high degree of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. This is a significant positive indicator for a nonprofit of its size, with annual revenues approaching $20 million.

Overall, The Consumer Goods Forum exhibits robust financial health, efficient spending practices, and a commendable level of transparency, particularly regarding executive compensation. Its consistent growth in assets and revenue, coupled with responsible expense management, positions it as a financially sound organization.

Is The Consumer Goods Forum Legit?

Verdict: The Consumer Goods Forum appears trustworthy