Golden Goose Thrift Shop
Golden Goose Thrift Shop maintains stable finances with no reported officer compensation and decreasing liabilities.
EIN: 200009999 · Tucson, AZ · NTEE: P29 · Updated: 2026-03-28
Is Golden Goose Thrift Shop Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Golden Goose Thrift Shop directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Golden Goose Thrift Shop
Golden Goose Thrift Shop (EIN: 200009999) is a nonprofit organization based in Tucson, AZ, classified under NTEE code P29. The organization reported total revenue of $4.8M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Golden Goose Thrift Shop's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Golden Goose Thrift Shop is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-51,362 |
| Total Assets | $3.6M |
| Total Liabilities | $149K |
| Net Assets | $3.5M |
| Operating Margin | -2.2% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 17.9 months |
Financial Health Grade: B
In 2024, Golden Goose Thrift Shop reported a deficit of $51K with expenses exceeding revenue, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Golden Goose Thrift Shop's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.7% | +5.2% | +1.3% |
| 2023 | -2.5% | +1.9% | -1.4% |
| 2022 | +28.4% | +42.7% | -3.8% |
| 2021 | +4.8% | -12.8% | +4.4% |
| 2020 | -21.6% | -9.8% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Golden Goose Thrift Shop with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Golden Goose Thrift Shop allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
Golden Goose Thrift Shop consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size with revenues consistently over $2 million annually.
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.
Strengths
The following positive indicators were identified for Golden Goose Thrift Shop:
- Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus.
- Significant reduction in liabilities from $1,077,078 in 2016 to $148,589 in 2024, demonstrating strong financial management.
- Stable asset base, consistently above $3.5 million, providing financial security.
- Consistent revenue generation, generally exceeding expenses in most years, leading to operational surpluses.
- Long filing history (14 filings) indicates sustained operation and transparency.
Frequently Asked Questions about Golden Goose Thrift Shop
Is Golden Goose Thrift Shop a legitimate charity?
Based on AI analysis of IRS 990 filings, Golden Goose Thrift Shop (EIN: 200009999) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Golden Goose Thrift Shop spend its money?
Golden Goose Thrift Shop directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Golden Goose Thrift Shop tax-deductible?
Golden Goose Thrift Shop is registered as a tax-exempt nonprofit (EIN: 200009999). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Golden Goose Thrift Shop manage to operate without officer compensation?
The filings consistently show 0% officer compensation, suggesting that leadership roles might be filled by volunteers or compensated through other means not classified as officer compensation, or that the organization has a unique operational model that minimizes executive salary expenses.
What is the reason for the significant drop in liabilities from 2016 to 2024?
Liabilities decreased from $1,077,078 in 2016 to $148,589 in 2024, indicating successful debt reduction strategies or the resolution of significant financial obligations over this period.
What is the nature of the NTEE code P29 for this organization?
NTEE code P29 typically refers to 'Thrift Stores' or 'Retail Trade' within the broader category of 'Human Services - Multipurpose and Other,' indicating its primary function is operating a thrift store to generate revenue for its charitable activities.
Filing History
IRS 990 filing history for Golden Goose Thrift Shop showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Golden Goose Thrift Shop's revenue has grown by 51.7%, moving from $1.6M to $2.4M. Total assets decreased by 3.2% over the same period, from $3.7M to $3.6M. Total functional expenses rose by 70.7%, from $1.4M to $2.4M. In its most recent filing year (2024), Golden Goose Thrift Shop reported a deficit of $51K, with expenses exceeding revenue. The organization holds $149K in liabilities against $3.6M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.4M | $2.4M | $3.6M | $149K | — | View 990 |
| 2023 | $2.3M | $2.3M | $3.6M | $39K | — | — |
| 2022 | $2.3M | $2.3M | $3.6M | $66K | — | View 990 |
| 2021 | $1.8M | $1.6M | $3.8M | $274K | — | — |
| 2020 | $1.7M | $1.8M | $3.6M | $342K | — | View 990 |
| 2019 | $2.2M | $2.0M | $3.8M | $423K | — | View 990 |
| 2018 | $2.3M | $2.1M | $3.9M | $696K | — | View 990 |
| 2017 | $2.1M | $2.0M | $3.9M | $959K | — | View 990 |
| 2016 | $2.0M | $1.8M | $4.0M | $1.1M | — | View 990 |
| 2015 | $2.0M | $1.8M | $3.4M | $683K | — | View 990 |
| 2014 | $1.9M | $1.7M | $3.4M | $949K | — | View 990 |
| 2013 | $1.8M | $1.6M | $3.5M | $1.2M | — | View 990 |
| 2012 | $1.7M | $1.7M | $3.5M | $1.4M | — | View 990 |
| 2011 | $1.6M | $1.4M | $3.7M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.4M, expenses of $2.4M, and assets of $3.6M (revenue +4.7% year-over-year).
- 2023: Revenue of $2.3M, expenses of $2.3M, and assets of $3.6M (revenue -2.5% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.3M, and assets of $3.6M (revenue +28.4% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.6M, and assets of $3.8M (revenue +4.8% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.8M, and assets of $3.6M (revenue -21.6% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.0M, and assets of $3.8M (revenue -2.9% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.1M, and assets of $3.9M (revenue +9.1% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.0M, and assets of $3.9M (revenue +4.1% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.8M, and assets of $4.0M (revenue +2.5% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.8M, and assets of $3.4M (revenue +2.6% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.7M, and assets of $3.4M (revenue +5.7% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.6M, and assets of $3.5M (revenue +6.8% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.7M, and assets of $3.5M (revenue +7.5% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.4M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Golden Goose Thrift Shop:
Data Sources and Methodology
This transparency report for Golden Goose Thrift Shop 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.