For Goodness Sake Inc
EIN: 474832313 · Wolcott, CT · NTEE: P58
Is For Goodness Sake Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About For Goodness Sake Inc
For Goodness Sake Inc (EIN: 474832313) is a nonprofit organization based in Wolcott, CT, classified under NTEE code P58. The organization reported total revenue of $64K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of For Goodness Sake Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
For Goodness Sake Inc is a micro nonprofit that has been operating for 11 years, with 5 years of IRS 990 filings on record (2017–2021). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $64K |
| Total Expenses | $68K |
| Surplus / Deficit | $-4,944 |
| Total Assets | $25K |
| Total Liabilities | $72 |
| Net Assets | $25K |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2021, For Goodness Sake Inc reported a deficit of $5K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 5 years of filings (2017–2021), For Goodness Sake Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -18.0% | -30.8% | -16.6% |
| 2020 | -29.4% | -11.5% | -44.5% |
| 2019 | +43.0% | +120.0% | +0.9% |
| 2018 | +26.7% | +19.5% | +93.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for For Goodness Sake Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates For Goodness Sake Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about For Goodness Sake Inc
Is For Goodness Sake Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, For Goodness Sake Inc (EIN: 474832313) insufficient data. 0 red flags identified, 0 strengths noted.
How does For Goodness Sake Inc spend its money?
Detailed spending breakdown data is not yet available for For Goodness Sake Inc. Check back for updated IRS 990 analysis.
Are donations to For Goodness Sake Inc tax-deductible?
For Goodness Sake Inc is registered as a tax-exempt nonprofit (EIN: 474832313). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for For Goodness Sake Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2017–2021), For Goodness Sake Inc's revenue has grown by 4.9%, moving from $61K to $64K. Total assets decreased by 9.7% over the same period, from $28K to $25K. Total functional expenses rose by 60.9%, from $43K to $68K. In its most recent filing year (2021), For Goodness Sake Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $72 in liabilities against $25K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $25K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $64K | $68K | $25K | $72 | — | — |
| 2020 | $77K | $99K | $30K | $154 | — | View 990 |
| 2019 | $110K | $112K | $55K | $3K | — | View 990 |
| 2018 | $77K | $51K | $54K | $398 | — | View 990 |
| 2017 | $61K | $43K | $28K | $51 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $64K, expenses of $68K, and assets of $25K (revenue -18.0% year-over-year).
- 2020: Revenue of $77K, expenses of $99K, and assets of $30K (revenue -29.4% year-over-year).
- 2019: Revenue of $110K, expenses of $112K, and assets of $55K (revenue +43.0% year-over-year).
- 2018: Revenue of $77K, expenses of $51K, and assets of $54K (revenue +26.7% year-over-year).
- 2017: Revenue of $61K, expenses of $43K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for For Goodness Sake Inc:
Data Sources and Methodology
This transparency report for For Goodness Sake Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.