Is The Goodwin Foundation A New Jersey Non Profit Corporation Legit?
Quick charity verification for The Goodwin Foundation A New Jersey Non Profit Corporation (EIN: 222882244)
Verdict: The Goodwin Foundation A New Jersey Non Profit Corporation shows mixed signals
65/100Mission Score
$806KRevenue
$1.8MAssets
5Red Flags
2Strengths
Red Flags
Consistent negative net income (expenses exceeding revenue) in multiple years, notably 2021 ($205,027 revenue vs. $449,995 expenses) and 2015 ($-236,538 revenue vs. $668,305 expenses).
Significant drop in revenue from $954,574 in 2022 to $376,993 in 2023, without a corresponding decrease in expenses.
High proportion of expenses allocated to non-programmatic activities, as indicated by the spending breakdown.
The 'l' (liabilities) field consistently shows '1' across all recent filings, indicating the presence of liabilities, though the specific amounts are not provided in the given data.
The 'c' (compensation) field consistently shows '0%' across all filings, which is highly unusual for an organization with substantial financial activity and could indicate a lack of transparency regarding executive compensation.
Strengths
Maintains a substantial asset base, with $2,083,055 in assets in 2023, providing some financial stability despite revenue fluctuations.
Has a long operating history with available financial data dating back to 2013.
Spending Breakdown
How The Goodwin Foundation A New Jersey Non Profit Corporation allocates its funds across programs, administration, and fundraising.
5%
Program Spending
Concerning — less than half to programs
90%
Admin Costs
High — over 25% on administration
5%
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 Goodwin Foundation A New Jersey Non Profit Corporation
Is The Goodwin Foundation A New Jersey Non Profit Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Goodwin Foundation A New Jersey Non Profit Corporation (EIN: 222882244) shows mixed signals. Mission Score: 65/100. 5 red flags identified, 2 strengths noted.
Is The Goodwin Foundation A New Jersey Non Profit Corporation a good charity to donate to?
The Goodwin Foundation A New Jersey Non Profit Corporation has a Mission Score of 65/100. Revenue: $806K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Goodwin Foundation A New Jersey Non Profit Corporation?
The Employer Identification Number (EIN) for The Goodwin Foundation A New Jersey Non Profit Corporation is 222882244. 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 Goodwin Foundation A New Jersey Non Profit Corporation spend its money?
The Goodwin Foundation A New Jersey Non Profit Corporation allocates 5% to programs, 90% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Goodwin Foundation A New Jersey Non Profit Corporation's tax-exempt status?
You can verify The Goodwin Foundation A New Jersey Non Profit Corporation's tax-exempt status using EIN 222882244 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 Goodwin Foundation A New Jersey Non Profit Corporation is a unknown nonprofit based in Rehoboth Beach, Delaware, with reported revenue of $806K and assets of $1.8M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 5% of spending goes to programs, 90% to administration, and 5% to fundraising. • The organization's revenue has significantly declined from $954,574 in 2022 to $376,993 in 2023.
• Expenses consistently exceed revenue, with $362,718 in expenses against $376,993 in revenue in 2023, and $444,790 against $954,574 in 2022.
• The organization consistently reports 0% compensation for its leadership, which requires further investigation given the substantial expenses. Executive compensation is reported as 0% across all available filings, which is unusual for an organization with significant expenses and assets, suggesting potential undisclosed compensation or a fully volunteer-run structure. Revenue has remained stable -2% across 10 filing periods.