Good Beginnings
Good Beginnings: Strong Program Spending, but Declining Revenue and High Fundraising Costs Raise Concerns
EIN: 223096726 · West Lebanon, NH · NTEE: S20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $157K |
| Total Expenses | $162K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $491K |
| Transparency Score | 75/100 |
Is Good Beginnings Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Good Beginnings directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Good Beginnings
Good Beginnings (EIN: 223096726) is a nonprofit organization based in West Lebanon, NH, classified under NTEE code S20Z. The organization reported total revenue of $157K and total assets of $496K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Beginnings's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Beginnings is a small nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $240K |
| Total Expenses | $162K |
| Surplus / Deficit | +$78K |
| Total Assets | $498K |
| Total Liabilities | $8K |
| Net Assets | $491K |
| Operating Margin | 32.5% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 36.9 months |
Financial Health Grade: A
In 2024, Good Beginnings reported a surplus of $78K with revenue exceeding expenses, holds 36.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Good Beginnings's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +88.4% | +6.9% | +15.7% |
| 2023 | -8.4% | +3.5% | -1.9% |
| 2022 | -66.0% | -70.4% | -1.6% |
| 2021 | +17.7% | +125.7% | -16.2% |
| 2020 | +113.0% | +62.3% | +31.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Good Beginnings with a Mission Score of 75 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: 70%
- fundraising: 15%
According to IRS 990 filings, Good Beginnings allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization or that compensation is not disclosed in the standard manner.
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 Good Beginnings's IRS 990 filings:
- Revenue has significantly declined from $408,331 in 2021 to $156,519 in 2024, raising questions about sustainability.
- Fundraising expenses appear high relative to revenue, especially in 2024 where expenses were $161,890 against $239,827 in revenue.
- The consistent reporting of $0 for highest-paid employee compensation could be a red flag for transparency or indicate a lack of paid leadership.
- The organization's liabilities have increased from $1,978 in 2021 to $7,652 in 2024.
Strengths
The following positive indicators were identified for Good Beginnings:
- A significant portion of spending is consistently allocated to programs (estimated 70%), indicating a focus on mission delivery.
- The organization has maintained positive net assets despite revenue fluctuations, demonstrating some financial stability.
- Long operational history (data back to 2017) suggests established community presence.
Frequently Asked Questions about Good Beginnings
Is Good Beginnings a legitimate charity?
Based on AI analysis of IRS 990 filings, Good Beginnings (EIN: 223096726) some concerns. Mission Score: 75/100. 4 red flags identified, 3 strengths noted.
How does Good Beginnings spend its money?
Good Beginnings directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Good Beginnings tax-deductible?
Good Beginnings is registered as a tax-exempt nonprofit (EIN: 223096726). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Good Beginnings CEO make?
Good Beginnings's highest-compensated officer earns $0 annually. The organization reported $157K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Good Beginnings's spending goes to programs?
Good Beginnings directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Good Beginnings compare to similar nonprofits?
With a transparency score of 75/100 (Good), Good Beginnings is above average for NTEE category S20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Good Beginnings located?
Good Beginnings is headquartered in West Lebanon, New Hampshire and files with the IRS under EIN 223096726. It is classified under NTEE code S20Z.
How many years of IRS 990 filings does Good Beginnings have?
Good Beginnings has 14 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 $157K in total revenue.
What does Good Beginnings do?
Good Beginnings is a nonprofit organization in the Community Improvement sector, located in West Lebanon, New Hampshire. It is classified under NTEE code S20Z.
How much revenue does Good Beginnings have?
Good Beginnings reported total revenue of $156,519. Based on 14 IRS 990 filings on record.
What are Good Beginnings's total assets?
Good Beginnings holds total assets of $496,248 as reported in IRS 990 filings.
Where is Good Beginnings located?
Good Beginnings is based in West Lebanon, New Hampshire.
What is Good Beginnings's EIN?
Good Beginnings's Employer Identification Number (EIN) is 223096726. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Good Beginnings?
Good Beginnings is classified under NTEE code S20Z (Community Improvement).
Is Good Beginnings a registered 501(c)(3)?
Yes, Good Beginnings is recognized as a tax-exempt organization by the IRS. EIN: 223096726.
Does Good Beginnings file IRS Form 990?
Yes, Good Beginnings has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Good Beginnings's revenue in 2024?
In the 202406 filing period, Good Beginnings reported total revenue of $239,827, total expenses of $161,890, and net assets of $498,287.
Is Good Beginnings's revenue growing or declining?
Good Beginnings's revenue is growing. Revenue went from $127,286 (202306) to $239,827 (202406), a +88.4% change. Based on 14 filings on record.
What is Good Beginnings's most recent 990 filing?
The most recent IRS Form 990 filing for Good Beginnings covers tax period 202406. It shows revenue of $239,827, expenses of $161,890, total assets of $498,287, and liabilities of $7,652.
How much does Good Beginnings spend on programs vs administration?
Based on IRS 990 analysis, Good Beginnings allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Good Beginnings a trustworthy charity?
Based on AI analysis of IRS 990 data, Good Beginnings appears trustworthy. Mission Score: 75/100 (Good). 4 red flags identified. 3 strengths noted.
What are the red flags for Good Beginnings?
The following concerns were identified: Revenue has significantly declined from $408,331 in 2021 to $156,519 in 2024, raising questions about sustainability.. Fundraising expenses appear high relative to revenue, especially in 2024 where expenses were $161,890 against $239,827 in revenue.. The consistent reporting of $0 for highest-paid employee compensation could be a red flag for transparency or indicate a lack of paid leadership.. The organization's liabilities have increased from $1,978 in 2021 to $7,652 in 2024.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Good Beginnings's strengths?
Positive indicators for Good Beginnings include: A significant portion of spending is consistently allocated to programs (estimated 70%), indicating a focus on mission delivery.. The organization has maintained positive net assets despite revenue fluctuations, demonstrating some financial stability.. Long operational history (data back to 2017) suggests established community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Good Beginnings compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization or that compensation is not disclosed in the standard manner. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Good Beginnings?
• The organization consistently reports 0% compensation for its highest-paid employees, which may indicate underreporting or a reliance on volunteer leadership. • Detailed breakdowns of program expenses are not readily available, making it difficult to assess the specific impact of their activities. • Financial statements show a consistent decline in revenue over the past few years. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the reported $0 executive compensation, how does Good Beginnings attract and retain leadership, and what is the long-term strategy for leadership succession and operational management?
The consistent reporting of $0 for executive compensation suggests a reliance on volunteer leadership or that compensation is covered through other means not explicitly detailed in the filings. This model can be sustainable in the short term but raises questions about the organization's ability to attract and retain experienced leadership for long-term strategic planning and operational oversight, especially as revenue declines.
What specific strategies are being implemented to reverse the trend of declining revenue, which has fallen from $408,331 in 2021 to $156,519 in 2024?
The significant drop in revenue over the past few years is a critical concern. Without specific details from the organization, it's unclear what strategies are in place to address this. Potential areas for investigation include changes in funding sources, donor engagement, grant applications, or program offerings that may have impacted their ability to generate income.
Filing History
IRS 990 filing history for Good Beginnings showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Good Beginnings's revenue has grown by 86%, moving from $129K to $240K. Total assets increased by 27.3% over the same period, from $391K to $498K. Total functional expenses rose by 47.5%, from $110K to $162K. In its most recent filing year (2024), Good Beginnings reported a surplus of $78K, with revenue exceeding expenses. The organization holds $8K in liabilities against $498K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $491K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $240K | $162K | $498K | $8K | — | — |
| 2023 | $127K | $151K | $431K | $18K | — | View 990 |
| 2022 | $139K | $146K | $439K | $2K | — | View 990 |
| 2021 | $408K | $495K | $446K | $2K | — | View 990 |
| 2020 | $347K | $219K | $532K | $2K | — | View 990 |
| 2019 | $163K | $135K | $406K | $3K | — | View 990 |
| 2018 | $140K | $123K | $373K | $2K | — | View 990 |
| 2017 | $114K | $119K | $354K | $2K | — | View 990 |
| 2016 | $115K | $110K | $358K | $2K | — | View 990 |
| 2015 | $93K | $113K | $354K | $2K | — | View 990 |
| 2014 | $138K | $119K | $375K | $4K | — | View 990 |
| 2013 | $96K | $124K | $355K | $3K | — | View 990 |
| 2012 | $98K | $107K | $384K | $4K | — | View 990 |
| 2011 | $129K | $110K | $391K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $240K, expenses of $162K, and assets of $498K (revenue +88.4% year-over-year).
- 2023: Revenue of $127K, expenses of $151K, and assets of $431K (revenue -8.4% year-over-year).
- 2022: Revenue of $139K, expenses of $146K, and assets of $439K (revenue -66.0% year-over-year).
- 2021: Revenue of $408K, expenses of $495K, and assets of $446K (revenue +17.7% year-over-year).
- 2020: Revenue of $347K, expenses of $219K, and assets of $532K (revenue +113.0% year-over-year).
- 2019: Revenue of $163K, expenses of $135K, and assets of $406K (revenue +16.5% year-over-year).
- 2018: Revenue of $140K, expenses of $123K, and assets of $373K (revenue +22.6% year-over-year).
- 2017: Revenue of $114K, expenses of $119K, and assets of $354K (revenue -1.0% year-over-year).
- 2016: Revenue of $115K, expenses of $110K, and assets of $358K (revenue +23.7% year-over-year).
- 2015: Revenue of $93K, expenses of $113K, and assets of $354K (revenue -32.4% year-over-year).
- 2014: Revenue of $138K, expenses of $119K, and assets of $375K (revenue +43.0% year-over-year).
- 2013: Revenue of $96K, expenses of $124K, and assets of $355K (revenue -2.1% year-over-year).
- 2012: Revenue of $98K, expenses of $107K, and assets of $384K (revenue -23.7% year-over-year).
- 2011: Revenue of $129K, expenses of $110K, and assets of $391K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Beginnings:
Data Sources and Methodology
This transparency report for Good Beginnings 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.