Goldin Institute
Goldin Institute shows consistent program focus with no executive compensation, experiencing minor deficit in latest fiscal year.
EIN: 203470485 · Chicago, IL · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $680K |
| Total Expenses | $853K |
| Program Spending | 85% |
| Net Assets | $182K |
| Transparency Score | 90/100 |
Is Goldin Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goldin Institute directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goldin Institute
Goldin Institute (EIN: 203470485) is a nonprofit organization based in Chicago, IL, classified under NTEE code T23. The organization reported total revenue of $680K and total assets of $200K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goldin Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goldin Institute is a small nonprofit that has been operating for 2 years, with 8 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $818K |
| Total Expenses | $853K |
| Surplus / Deficit | $-34,997 |
| Total Assets | $199K |
| Total Liabilities | $17K |
| Net Assets | $182K |
| Operating Margin | -4.3% |
| Debt-to-Asset Ratio | 8.5% |
| Months of Reserves | 2.8 months |
Financial Health Grade: C
In 2023, Goldin Institute reported a deficit of $35K with expenses exceeding revenue, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 8.5% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2023), Goldin Institute's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.4% | +10.2% | -56.0% |
| 2022 | +41.1% | +9.6% | +662.8% |
| 2019 | +66.7% | +62.1% | -38.2% |
| 2015 | -4.7% | +7.9% | -8.5% |
| 2014 | +13.2% | +20.3% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
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 Goldin Institute with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Goldin Institute allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.5%.
Executive Compensation Analysis
The Goldin Institute 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.
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 Goldin Institute's IRS 990 filings:
- Expenses slightly exceeded revenue in the most recent fiscal year (2023), indicating a minor operating deficit.
Strengths
The following positive indicators were identified for Goldin Institute:
- Consistent reporting of 0% officer compensation, demonstrating strong financial integrity.
- Long history of IRS 990 filings (8 filings), indicating good transparency.
- Significant growth in revenue and assets over the long term, from $394,158 revenue and $36,730 assets in 2012 to over $800,000 revenue and $199,089 assets in 2023.
- Strong program focus implied by 0% executive compensation, suggesting a high percentage of spending goes directly to mission-related activities.
Frequently Asked Questions about Goldin Institute
Is Goldin Institute a legitimate charity?
Goldin Institute (EIN: 203470485) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 8 years of IRS 990 filings on record. Total revenue: $680K. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Goldin Institute spend its money?
Goldin Institute directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Goldin Institute tax-deductible?
Goldin Institute is registered as a tax-exempt nonprofit (EIN: 203470485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Goldin Institute's spending goes to programs?
Goldin Institute directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Goldin Institute compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Goldin Institute is above average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Goldin Institute located?
Goldin Institute is headquartered in Chicago, Illinois and files with the IRS under EIN 203470485. It is classified under NTEE code T23.
How many years of IRS 990 filings does Goldin Institute have?
Goldin Institute has 8 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 $680K in total revenue.
Is Goldin Institute a good charity?
Based on the provided data, Goldin Institute appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. While there was a slight deficit in the latest fiscal year (2023), its overall financial history shows responsible management and growth in assets over time.
How has Goldin Institute's revenue trended over the past few years?
Goldin Institute's revenue has fluctuated, peaking at $1,001,529 in 2022, then decreasing to $817,550 in 2023. Prior to that, it was $709,767 in 2019, showing a general upward trend with year-to-year variations.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly conservative, reporting 0% officer compensation in all available IRS 990 filings. This means no funds are used for executive salaries, directing all resources to its programs and operations.
Filing History
IRS 990 filing history for Goldin Institute showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Goldin Institute's revenue has grown by 92.9%, moving from $424K to $818K. Total assets increased by 196% over the same period, from $67K to $199K. Total functional expenses rose by 120.6%, from $387K to $853K. In its most recent filing year (2023), Goldin Institute reported a deficit of $35K, with expenses exceeding revenue. The organization holds $17K in liabilities against $199K in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $182K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $818K | $853K | $199K | $17K | — | — |
| 2022 | $1.0M | $773K | $453K | $43K | — | — |
| 2019 | $710K | $705K | $59K | $21K | — | View 990 |
| 2015 | $426K | $435K | $96K | $4K | — | View 990 |
| 2014 | $447K | $403K | $105K | $3K | — | View 990 |
| 2013 | $394K | $335K | $92K | $1K | — | View 990 |
| 2012 | $394K | $433K | $37K | $6K | — | View 990 |
| 2011 | $424K | $387K | $67K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $818K, expenses of $853K, and assets of $199K (revenue -18.4% year-over-year).
- 2022: Revenue of $1.0M, expenses of $773K, and assets of $453K (revenue +41.1% year-over-year).
- 2019: Revenue of $710K, expenses of $705K, and assets of $59K (revenue +66.7% year-over-year).
- 2015: Revenue of $426K, expenses of $435K, and assets of $96K (revenue -4.7% year-over-year).
- 2014: Revenue of $447K, expenses of $403K, and assets of $105K (revenue +13.2% year-over-year).
- 2013: Revenue of $394K, expenses of $335K, and assets of $92K (revenue +0.1% year-over-year).
- 2012: Revenue of $394K, expenses of $433K, and assets of $37K (revenue -7.0% year-over-year).
- 2011: Revenue of $424K, expenses of $387K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goldin Institute:
Data Sources and Methodology
This transparency report for Goldin Institute 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.