Good Cheer Society Inc

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Good Cheer Society Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Good Cheer Society Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Good Cheer Society Inc in one place.

Is Good Cheer Society Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Good Cheer Society Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Good Cheer Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Good Cheer Society Inc

Good Cheer Society Inc (EIN: 20222136) is a nonprofit organization based in Merrimack, NH, classified under NTEE code E92Z. The organization reported total revenue of $2.2M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Cheer Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Good Cheer Society Inc is a mid-size nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Good Cheer Society Inc reported a deficit of $41K with expenses exceeding revenue, holds 173.9 months of operating reserves (strong position).

Financial Trends

Over 13 years of filings (2011–2023), Good Cheer Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.

IRS Tax-Exempt Classification

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 Cheer Society Inc with a Mission Score of 85 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: 5%
• programs: 90%
• fundraising: 5%

According to IRS 990 filings, Good Cheer Society Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $41K, with expenses exceeding revenue.

Executive Compensation Analysis

Good Cheer Society Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly unusual for an organization of its size and asset base.

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 Cheer Society Inc's IRS 990 filings:

• Recent years show expenses exceeding revenue (e.g., 202309: $213,035 expenses vs. $172,341 revenue), which is not sustainable long-term without drawing down reserves or increasing revenue.

Strengths

The following positive indicators were identified for Good Cheer Society Inc:

• Consistently reports 0% officer compensation, indicating a highly efficient or volunteer-driven leadership.
• Maintains a strong asset base ($3,637,855 latest) relative to its annual revenue, providing financial stability.
• Consistently reports $0 in liabilities, indicating a debt-free operation.
• Long history of IRS 990 filings (13 filings) demonstrates commitment to transparency and compliance.

Frequently Asked Questions about Good Cheer Society Inc

Filing History

IRS 990 filing history for Good Cheer Society Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Good Cheer Society Inc's revenue has declined by 21.6%, moving from $220K to $172K. Total assets increased by 29.8% over the same period, from $2.4M to $3.1M. Total functional expenses rose by 52.7%, from $140K to $213K. In its most recent filing year (2023), Good Cheer Society Inc reported a deficit of $41K, with expenses exceeding revenue.

Year-by-Year Financial Summary

• 2023: Revenue of $172K, expenses of $213K, and assets of $3.1M (revenue +2.9% year-over-year).
• 2022: Revenue of $167K, expenses of $202K, and assets of $3.1M (revenue -52.5% year-over-year).
• 2021: Revenue of $353K, expenses of $190K, and assets of $3.2M (revenue +204.5% year-over-year).
• 2020: Revenue of $116K, expenses of $182K, and assets of $3.0M (revenue -62.7% year-over-year).
• 2019: Revenue of $311K, expenses of $164K, and assets of $3.1M (revenue +48.6% year-over-year).
• 2018: Revenue of $209K, expenses of $159K, and assets of $2.9M (revenue +15.3% year-over-year).
• 2017: Revenue of $182K, expenses of $163K, and assets of $2.9M (revenue -35.0% year-over-year).
• 2016: Revenue of $279K, expenses of $162K, and assets of $2.9M (revenue +26.3% year-over-year).
• 2015: Revenue of $221K, expenses of $161K, and assets of $2.7M (revenue -28.9% year-over-year).
• 2014: Revenue of $311K, expenses of $122K, and assets of $2.7M (revenue +21.8% year-over-year).
• 2013: Revenue of $255K, expenses of $219K, and assets of $2.5M (revenue +40.8% year-over-year).
• 2012: Revenue of $181K, expenses of $112K, and assets of $2.4M (revenue -17.4% year-over-year).
• 2011: Revenue of $220K, expenses of $140K, and assets of $2.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Good Cheer Society Inc:

Data Sources and Methodology

This transparency report for Good Cheer Society Inc 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.