Good Cheer Society Inc
Good Cheer Society Inc. maintains strong assets and zero executive compensation, but recent expenses have exceeded revenue.
EIN: 20222136 · Merrimack, NH · NTEE: E92Z · Updated: 2026-03-28
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 →
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.
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.
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
Is Good Cheer Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Good Cheer Society Inc (EIN: 20222136) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Good Cheer Society Inc spend its money?
Good Cheer Society Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Good Cheer Society Inc tax-deductible?
Good Cheer Society Inc is registered as a tax-exempt nonprofit (EIN: 20222136). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Good Cheer Society Inc. a good charity?
Based on the provided data, Good Cheer Society Inc. appears to be a financially stable organization with a strong asset base ($3,637,855) and a commitment to transparency, evidenced by 13 years of 990 filings and zero reported officer compensation. However, recent years show expenses exceeding revenue, which warrants closer examination of their operational sustainability.
How does Good Cheer Society Inc. manage its executive compensation?
The organization reports 0% officer compensation in all available filings, meaning no salaries are paid to its executives. This is a significant indicator of a volunteer-led or extremely lean leadership structure.
What is the trend in Good Cheer Society Inc.'s financial health?
While the organization maintains a robust asset base, recent filings (202309, 202209) show expenses exceeding revenue, indicating a potential trend of operating at a deficit. For example, in 202309, expenses were $213,035 against revenue of $172,341.
Does Good Cheer Society Inc. have any liabilities?
Across all provided IRS 990 filings, Good Cheer Society Inc. consistently reports $0 in liabilities, indicating a very strong balance sheet and no outstanding debts.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $172K | $213K | $3.1M | $0 | — | View 990 |
| 2022 | $167K | $202K | $3.1M | $0 | — | View 990 |
| 2021 | $353K | $190K | $3.2M | $0 | — | View 990 |
| 2020 | $116K | $182K | $3.0M | $0 | — | View 990 |
| 2019 | $311K | $164K | $3.1M | $0 | — | View 990 |
| 2018 | $209K | $159K | $2.9M | $0 | — | View 990 |
| 2017 | $182K | $163K | $2.9M | $0 | — | View 990 |
| 2016 | $279K | $162K | $2.9M | $0 | — | View 990 |
| 2015 | $221K | $161K | $2.7M | $0 | — | View 990 |
| 2014 | $311K | $122K | $2.7M | $0 | — | View 990 |
| 2013 | $255K | $219K | $2.5M | $31K | — | View 990 |
| 2012 | $181K | $112K | $2.4M | $0 | — | View 990 |
| 2011 | $220K | $140K | $2.4M | $0 | — | View 990 |
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.
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.