Goico Family Foundation
Goico Family Foundation consistently spends more than it earns, drawing down assets over a decade.
EIN: 203287436 · Wichita, KS · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14K |
| Total Expenses | $5K |
| Program Spending | 80% |
| Net Assets | $94K |
| Transparency Score | 60/100 |
Is Goico Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goico Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goico Family Foundation
Goico Family Foundation (EIN: 203287436) is a nonprofit organization based in Wichita, KS, classified under NTEE code T22. The organization reported total revenue of $14K and total assets of $91K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goico Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goico Family Foundation is a micro nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $5K |
| Surplus / Deficit | $-2,544 |
| Total Assets | $94K |
| Total Liabilities | $1 |
| Net Assets | $94K |
| Operating Margin | -86.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 205.3 months |
Financial Health Grade: B
In 2023, Goico Family Foundation reported a deficit of $3K with expenses exceeding revenue, holds 205.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Goico Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.7% | -0.8% | -2.6% |
| 2022 | +16.7% | -6.3% | -2.9% |
| 2021 | -15.7% | +3.8% | -3.5% |
| 2020 | -9.9% | +0.1% | -2.9% |
| 2019 | +24.5% | -1.5% | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Goico Family Foundation with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Goico Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or receives no salary, which is commendable for a small foundation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Goico Family Foundation's IRS 990 filings:
- Consistent deficit spending: Expenses regularly exceed revenue (e.g., $5,482 expenses vs. $2,938 revenue in 202307).
- Declining asset base: Assets have decreased from $134,895 in 2012 to $91,041 currently.
- Negative revenue in one period: The 201207 period reported negative revenue of $-7,912, which is unusual and warrants further investigation.
Strengths
The following positive indicators were identified for Goico Family Foundation:
- Zero officer compensation: Consistently reports 0% officer compensation, indicating resources are not used for executive salaries.
- Low liabilities: Maintains minimal liabilities (typically $1), suggesting good management of debt.
- Consistent IRS 990 filings: Has a history of 11 filings, indicating good transparency and compliance.
Frequently Asked Questions about Goico Family Foundation
Is Goico Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Goico Family Foundation (EIN: 203287436) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Goico Family Foundation spend its money?
Goico Family Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Goico Family Foundation tax-deductible?
Goico Family Foundation is registered as a tax-exempt nonprofit (EIN: 203287436). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Goico Family Foundation's spending goes to programs?
Goico Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Goico Family Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Goico Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Goico Family Foundation located?
Goico Family Foundation is headquartered in Wichita, Kansas and files with the IRS under EIN 203287436. It is classified under NTEE code T22.
How many years of IRS 990 filings does Goico Family Foundation have?
Goico Family Foundation has 11 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 $14K in total revenue.
Is Goico Family Foundation a good charity?
The Goico Family Foundation demonstrates good transparency through its consistent 990 filings and excellent practice of not paying officer compensation. However, its financial sustainability is a concern as it has consistently spent more than its revenue, leading to a steady decline in assets from $134,895 in 2012 to $91,041 currently. Its 'goodness' depends on whether its mission impact outweighs its financial depletion.
What is the long-term financial outlook for this organization?
The long-term financial outlook for the Goico Family Foundation is challenging. With consistent annual deficits (e.g., $2,544 in 202307 and $2,872 in 202207), the organization is steadily depleting its asset base. Without a significant increase in revenue or a substantial reduction in expenses, it faces eventual insolvency as its assets continue to decline.
How does the organization fund its operations?
Based on the provided data, the organization primarily funds its operations by drawing down its existing assets. Its expenses consistently exceed its revenue, indicating that it is not self-sustaining through current income and is relying on its principal to cover costs.
Filing History
IRS 990 filing history for Goico Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Goico Family Foundation's revenue has declined by 68.8%, moving from $9K to $3K. Total assets decreased by 37.7% over the same period, from $151K to $94K. Total functional expenses fell by 40.7%, from $9K to $5K. In its most recent filing year (2023), Goico Family Foundation reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $94K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $94K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $5K | $94K | $1 | — | — |
| 2022 | $3K | $6K | $96K | $1 | — | — |
| 2021 | $2K | $6K | $99K | $1 | — | — |
| 2020 | $3K | $6K | $103K | $1 | — | — |
| 2019 | $3K | $6K | $106K | $60 | — | View 990 |
| 2016 | $2K | $6K | $114K | $1 | — | View 990 |
| 2015 | $2K | $8K | $117K | $1 | — | View 990 |
| 2014 | $2K | $8K | $123K | $1 | — | View 990 |
| 2013 | $639 | $7K | $128K | $1 | — | View 990 |
| 2012 | $-7,912 | $8K | $135K | $1 | — | View 990 |
| 2011 | $9K | $9K | $151K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $5K, and assets of $94K (revenue +10.7% year-over-year).
- 2022: Revenue of $3K, expenses of $6K, and assets of $96K (revenue +16.7% year-over-year).
- 2021: Revenue of $2K, expenses of $6K, and assets of $99K (revenue -15.7% year-over-year).
- 2020: Revenue of $3K, expenses of $6K, and assets of $103K (revenue -9.9% year-over-year).
- 2019: Revenue of $3K, expenses of $6K, and assets of $106K (revenue +24.5% year-over-year).
- 2016: Revenue of $2K, expenses of $6K, and assets of $114K (revenue +10.7% year-over-year).
- 2015: Revenue of $2K, expenses of $8K, and assets of $117K (revenue -3.9% year-over-year).
- 2014: Revenue of $2K, expenses of $8K, and assets of $123K (revenue +253.8% year-over-year).
- 2013: Revenue of $639, expenses of $7K, and assets of $128K.
- 2012: Revenue of $-7,912, expenses of $8K, and assets of $135K (revenue -184.0% year-over-year).
- 2011: Revenue of $9K, expenses of $9K, and assets of $151K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goico Family Foundation:
Data Sources and Methodology
This transparency report for Goico 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.