Foundation For Good Business
EIN: 561647986 · Raleigh, NC
| Metric | Value |
|---|---|
| Total Revenue | $439K |
| Total Expenses | $89K |
| Net Assets | $583K |
Is Foundation For Good Business Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Foundation For Good Business
Foundation For Good Business (EIN: 561647986) is a nonprofit organization based in Raleigh, NC. The organization reported total revenue of $439K and total assets of $687K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Good Business's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Good Business is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $89K |
| Surplus / Deficit | +$14K |
| Total Assets | $583K |
| Net Assets | $583K |
| Operating Margin | 13.9% |
| Months of Reserves | 78.5 months |
Financial Health Grade: A
In 2023, Foundation For Good Business reported a surplus of $14K with revenue exceeding expenses, holds 78.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Foundation For Good Business's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.1% | -2.1% | +2.5% |
| 2022 | -2.4% | -23.9% | +3.7% |
| 2021 | +24.4% | +13.0% | -1.1% |
| 2020 | -6.5% | +22.4% | -2.4% |
| 2019 | -1.1% | +6.3% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foundation For Good Business 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 Foundation For Good Business 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
Frequently Asked Questions about Foundation For Good Business
Is Foundation For Good Business a legitimate charity?
Foundation For Good Business (EIN: 561647986) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $439K. No red flags identified. Financial health grade: A.
How does Foundation For Good Business spend its money?
Foundation For Good Business reported $439K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Foundation For Good Business tax-deductible?
Foundation For Good Business is registered as a tax-exempt nonprofit (EIN: 561647986). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foundation For Good Business located?
Foundation For Good Business is headquartered in Raleigh, North Carolina and files with the IRS under EIN 561647986.
How many years of IRS 990 filings does Foundation For Good Business have?
Foundation For Good Business has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $439K in total revenue.
Filing History
IRS 990 filing history for Foundation For Good Business showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation For Good Business's revenue has grown by 21%, moving from $86K to $103K. Total assets increased by 35.6% over the same period, from $430K to $583K. Total functional expenses rose by 18.9%, from $75K to $89K. In its most recent filing year (2023), Foundation For Good Business reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $89K | $583K | $0 | — | — |
| 2022 | $111K | $91K | $568K | $0 | — | — |
| 2021 | $114K | $119K | $548K | $0 | — | View 990 |
| 2020 | $92K | $106K | $554K | $640 | — | — |
| 2019 | $98K | $86K | $567K | $0 | — | View 990 |
| 2018 | $99K | $81K | $556K | $0 | — | View 990 |
| 2017 | $102K | $89K | $538K | $0 | — | — |
| 2016 | $106K | $100K | $525K | $0 | — | View 990 |
| 2015 | $86K | $78K | $519K | $0 | — | View 990 |
| 2014 | $76K | $54K | $525K | $0 | — | View 990 |
| 2013 | $201K | $79K | $518K | $0 | — | View 990 |
| 2012 | $108K | $65K | $473K | $0 | — | View 990 |
| 2011 | $86K | $75K | $430K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $89K, and assets of $583K (revenue -7.1% year-over-year).
- 2022: Revenue of $111K, expenses of $91K, and assets of $568K (revenue -2.4% year-over-year).
- 2021: Revenue of $114K, expenses of $119K, and assets of $548K (revenue +24.4% year-over-year).
- 2020: Revenue of $92K, expenses of $106K, and assets of $554K (revenue -6.5% year-over-year).
- 2019: Revenue of $98K, expenses of $86K, and assets of $567K (revenue -1.1% year-over-year).
- 2018: Revenue of $99K, expenses of $81K, and assets of $556K (revenue -2.6% year-over-year).
- 2017: Revenue of $102K, expenses of $89K, and assets of $538K (revenue -3.6% year-over-year).
- 2016: Revenue of $106K, expenses of $100K, and assets of $525K (revenue +22.2% year-over-year).
- 2015: Revenue of $86K, expenses of $78K, and assets of $519K (revenue +13.6% year-over-year).
- 2014: Revenue of $76K, expenses of $54K, and assets of $525K (revenue -62.2% year-over-year).
- 2013: Revenue of $201K, expenses of $79K, and assets of $518K (revenue +86.0% year-over-year).
- 2012: Revenue of $108K, expenses of $65K, and assets of $473K (revenue +26.3% year-over-year).
- 2011: Revenue of $86K, expenses of $75K, and assets of $430K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Good Business:
Data Sources and Methodology
This transparency report for Foundation For Good Business 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.