Godsey Foundation Inc
EIN: 263915186 · Chattanooga, TN · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $428K |
| Total Expenses | $126K |
| Net Assets | $846K |
Is Godsey Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Godsey Foundation Inc
Godsey Foundation Inc (EIN: 263915186) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code T20. The organization reported total revenue of $428K and total assets of $682K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Godsey Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Godsey Foundation Inc is a small nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $126K |
| Surplus / Deficit | $-80,371 |
| Total Assets | $846K |
| Total Liabilities | $1 |
| Net Assets | $846K |
| Operating Margin | -177.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 80.7 months |
Financial Health Grade: B
In 2023, Godsey Foundation Inc reported a deficit of $80K with expenses exceeding revenue, holds 80.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Godsey Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.6% | -13.5% | -8.7% |
| 2022 | -54.0% | -30.8% | -7.6% |
| 2021 | +44.2% | +26.8% | -5.6% |
| 2020 | -64.4% | +14.2% | -5.4% |
| 2019 | +190.4% | +28.9% | +10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Godsey Foundation 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 Godsey Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $80K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Godsey Foundation Inc
Is Godsey Foundation Inc a legitimate charity?
Godsey Foundation Inc (EIN: 263915186) is a registered tax-exempt nonprofit based in Tennessee. It has 10 years of IRS 990 filings on record. Total revenue: $428K. No red flags identified. Financial health grade: B.
How does Godsey Foundation Inc spend its money?
Godsey Foundation Inc reported $428K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Godsey Foundation Inc tax-deductible?
Godsey Foundation Inc is registered as a tax-exempt nonprofit (EIN: 263915186). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Godsey Foundation Inc located?
Godsey Foundation Inc is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 263915186. It is classified under NTEE code T20.
How many years of IRS 990 filings does Godsey Foundation Inc have?
Godsey Foundation Inc has 10 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 $428K in total revenue.
Filing History
IRS 990 filing history for Godsey Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Godsey Foundation Inc's revenue has declined by 66.5%, moving from $136K to $45K. Total assets decreased by 6.6% over the same period, from $905K to $846K. Total functional expenses fell by 24.5%, from $167K to $126K. In its most recent filing year (2023), Godsey Foundation Inc reported a deficit of $80K, with expenses exceeding revenue. The organization holds $1 in liabilities against $846K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $846K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $126K | $846K | $1 | — | View 990 |
| 2022 | $69K | $145K | $926K | $1 | — | View 990 |
| 2021 | $151K | $210K | $1.0M | $1 | — | View 990 |
| 2020 | $105K | $166K | $1.1M | $1 | — | — |
| 2019 | $294K | $145K | $1.1M | $1 | — | View 990 |
| 2015 | $101K | $113K | $1.0M | $1 | — | View 990 |
| 2014 | $163K | $125K | $1.0M | $1 | — | View 990 |
| 2013 | $56K | $163K | $989K | $1 | — | View 990 |
| 2012 | $371K | $181K | $1.1M | $1 | — | View 990 |
| 2011 | $136K | $167K | $905K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $126K, and assets of $846K (revenue -34.6% year-over-year).
- 2022: Revenue of $69K, expenses of $145K, and assets of $926K (revenue -54.0% year-over-year).
- 2021: Revenue of $151K, expenses of $210K, and assets of $1.0M (revenue +44.2% year-over-year).
- 2020: Revenue of $105K, expenses of $166K, and assets of $1.1M (revenue -64.4% year-over-year).
- 2019: Revenue of $294K, expenses of $145K, and assets of $1.1M (revenue +190.4% year-over-year).
- 2015: Revenue of $101K, expenses of $113K, and assets of $1.0M (revenue -37.9% year-over-year).
- 2014: Revenue of $163K, expenses of $125K, and assets of $1.0M (revenue +189.0% year-over-year).
- 2013: Revenue of $56K, expenses of $163K, and assets of $989K (revenue -84.8% year-over-year).
- 2012: Revenue of $371K, expenses of $181K, and assets of $1.1M (revenue +173.7% year-over-year).
- 2011: Revenue of $136K, expenses of $167K, and assets of $905K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Godsey Foundation Inc:
Data Sources and Methodology
This transparency report for Godsey Foundation 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.