Goff Family Foundation
EIN: 260562600 · Fort Worth, TX · NTEE: T23
| Metric | Value |
|---|---|
| Total Revenue | $966K |
| Total Expenses | $227K |
| Net Assets | $8.2M |
Is Goff Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Goff Family Foundation
Goff Family Foundation (EIN: 260562600) is a nonprofit organization based in Fort Worth, TX, classified under NTEE code T23. The organization reported total revenue of $966K and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goff Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goff Family Foundation is a small nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $996K |
| Total Expenses | $227K |
| Surplus / Deficit | +$769K |
| Total Assets | $8.2M |
| Total Liabilities | $1 |
| Net Assets | $8.2M |
| Operating Margin | 77.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 432.3 months |
Financial Health Grade: A
In 2023, Goff Family Foundation reported a surplus of $769K with revenue exceeding expenses, holds 432.3 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), Goff Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +236.7% | +46.9% | +1.3% |
| 2022 | -40.5% | -49.4% | +5.6% |
| 2020 | -102.3% | -2.3% | -12.1% |
| 2019 | +69.4% | -9.2% | +26.8% |
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 Goff Family Foundation 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 Goff Family Foundation 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 $769K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Goff Family Foundation
Is Goff Family Foundation a legitimate charity?
Goff Family Foundation (EIN: 260562600) is a registered tax-exempt nonprofit based in Texas. It has 10 years of IRS 990 filings on record. Total revenue: $966K. No red flags identified. Financial health grade: A.
How does Goff Family Foundation spend its money?
Goff Family Foundation reported $966K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Goff Family Foundation tax-deductible?
Goff Family Foundation is registered as a tax-exempt nonprofit (EIN: 260562600). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Goff Family Foundation located?
Goff Family Foundation is headquartered in Fort Worth, Texas and files with the IRS under EIN 260562600. It is classified under NTEE code T23.
How many years of IRS 990 filings does Goff Family Foundation have?
Goff Family Foundation 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 $966K in total revenue.
Filing History
IRS 990 filing history for Goff Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Goff Family Foundation's revenue has grown by 104.5%, moving from $487K to $996K. Total assets increased by 49.1% over the same period, from $5.5M to $8.2M. Total functional expenses fell by 10.5%, from $254K to $227K. In its most recent filing year (2023), Goff Family Foundation reported a surplus of $769K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $996K | $227K | $8.2M | $1 | — | View 990 |
| 2022 | $296K | $155K | $8.1M | $600 | — | View 990 |
| 2021 | $497K | $306K | $7.6M | $1 | — | View 990 |
| 2020 | $-19,542 | $426K | $6.2M | $1 | — | View 990 |
| 2019 | $846K | $436K | $7.0M | $103 | — | — |
| 2015 | $500K | $479K | $5.6M | $18 | — | View 990 |
| 2014 | $879K | $560K | $6.5M | $601 | — | View 990 |
| 2013 | $598K | $519K | $6.8M | $766 | — | View 990 |
| 2012 | $411K | $324K | $6.5M | $893 | — | View 990 |
| 2011 | $487K | $254K | $5.5M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $996K, expenses of $227K, and assets of $8.2M (revenue +236.7% year-over-year).
- 2022: Revenue of $296K, expenses of $155K, and assets of $8.1M (revenue -40.5% year-over-year).
- 2021: Revenue of $497K, expenses of $306K, and assets of $7.6M.
- 2020: Revenue of $-19,542, expenses of $426K, and assets of $6.2M (revenue -102.3% year-over-year).
- 2019: Revenue of $846K, expenses of $436K, and assets of $7.0M (revenue +69.4% year-over-year).
- 2015: Revenue of $500K, expenses of $479K, and assets of $5.6M (revenue -43.2% year-over-year).
- 2014: Revenue of $879K, expenses of $560K, and assets of $6.5M (revenue +47.1% year-over-year).
- 2013: Revenue of $598K, expenses of $519K, and assets of $6.8M (revenue +45.6% year-over-year).
- 2012: Revenue of $411K, expenses of $324K, and assets of $6.5M (revenue -15.7% year-over-year).
- 2011: Revenue of $487K, expenses of $254K, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goff Family Foundation:
Data Sources and Methodology
This transparency report for Goff Family Foundation 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.