Good Counsel Inc
Good Counsel Inc: Consistent Revenue, High Program Spending, but Limited Transparency
EIN: 222831271 · Spring Valley, NY · NTEE: P420 · Updated: 2026-04-04
About Good Counsel Inc
Good Counsel Inc (EIN: 222831271) is a nonprofit organization based in Spring Valley, NY, classified under NTEE code P420. The organization reported total revenue of $5.4M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Counsel 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 Counsel Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Good Counsel Inc 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.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
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 Counsel Inc's IRS 990 filings:
- Lack of detailed program impact reporting.
- Limited transparency regarding specific executive compensation figures.
Strengths
The following positive indicators were identified for Good Counsel Inc:
- Consistent revenue streams over several years, indicating stable donor support.
- High percentage of spending allocated to programs, suggesting a focus on mission delivery.
Frequently Asked Questions about Good Counsel Inc
What does Good Counsel Inc do?
Good Counsel Inc is a nonprofit organization in the Human Services sector, located in Spring Valley, New York. It is classified under NTEE code P420.
How much revenue does Good Counsel Inc have?
Good Counsel Inc reported total revenue of $5,405,111. Based on 13 IRS 990 filings on record.
What are Good Counsel Inc's total assets?
Good Counsel Inc holds total assets of $4,875,036 as reported in IRS 990 filings.
Where is Good Counsel Inc located?
Good Counsel Inc is based in Spring Valley, New York.
What is Good Counsel Inc's EIN?
Good Counsel Inc's Employer Identification Number (EIN) is 222831271. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Good Counsel Inc?
Good Counsel Inc is classified under NTEE code P420 (Human Services).
Is Good Counsel Inc a registered 501(c)(3)?
Yes, Good Counsel Inc is recognized as a tax-exempt organization by the IRS. EIN: 222831271.
Does Good Counsel Inc file IRS Form 990?
Yes, Good Counsel Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Good Counsel Inc's revenue in 2023?
In the 202312 filing period, Good Counsel Inc reported total revenue of $4,989,536, total expenses of $5,521,839, and net assets of $5,216,427.
Is Good Counsel Inc's revenue growing or declining?
Good Counsel Inc's revenue is declining. Revenue went from $5,364,059 (202212) to $4,989,536 (202312), a -7.0% change. Based on 13 filings on record.
What is Good Counsel Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Good Counsel Inc covers tax period 202312. It shows revenue of $4,989,536, expenses of $5,521,839, total assets of $5,216,427, and liabilities of $374,942.
How much does Good Counsel Inc spend on programs vs administration?
Based on IRS 990 analysis, Good Counsel Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Good Counsel Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Good Counsel Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Good Counsel Inc?
The following concerns were identified: Lack of detailed program impact reporting.. Limited transparency regarding specific executive compensation figures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Good Counsel Inc's strengths?
Positive indicators for Good Counsel Inc include: Consistent revenue streams over several years, indicating stable donor support.. High percentage of spending allocated to programs, suggesting a focus on mission delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does Good Counsel Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Good Counsel Inc?
• Financial filings are available, but detailed program breakdowns are not readily accessible. • No clear impact report or detailed explanation of how funds are utilized beyond general categories. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent revenue and high program spending, what specific outcomes or metrics does Good Counsel Inc use to measure the effectiveness of its programs?
Without further documentation, it's unclear what specific metrics Good Counsel Inc uses to measure program effectiveness beyond general financial allocations. This information is crucial for assessing true impact.
Filing History
IRS 990 filing history for Good Counsel Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Good Counsel Inc's revenue has grown by 29.6%, moving from $3.8M to $5.0M. Total assets decreased by 7.3% over the same period, from $5.6M to $5.2M. Total functional expenses rose by 34.4%, from $4.1M to $5.5M. In its most recent filing year (2023), Good Counsel Inc reported a deficit of $532K, with expenses exceeding revenue. The organization holds $375K in liabilities against $5.2M in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $5.5M | $5.2M | $375K | — | — |
| 2022 | $5.4M | $5.0M | $5.7M | $393K | — | — |
| 2021 | $6.1M | $4.8M | $5.2M | $313K | — | View 990 |
| 2020 | $5.2M | $5.0M | $4.6M | $1.0M | — | View 990 |
| 2019 | $5.1M | $5.3M | $3.7M | $370K | — | View 990 |
| 2018 | $5.6M | $5.8M | $4.0M | $353K | — | View 990 |
| 2017 | $4.8M | $5.3M | $4.2M | $349K | — | — |
| 2016 | $6.2M | $5.0M | $4.8M | $424K | — | View 990 |
| 2015 | $4.6M | $4.4M | $3.5M | $264K | — | View 990 |
| 2014 | $4.8M | $4.4M | $3.3M | $257K | — | View 990 |
| 2013 | $4.2M | $4.0M | $2.8M | $236K | — | View 990 |
| 2012 | $3.8M | $4.0M | $5.4M | $233K | — | View 990 |
| 2011 | $3.8M | $4.1M | $5.6M | $276K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $5.5M, and assets of $5.2M (revenue -7.0% year-over-year).
- 2022: Revenue of $5.4M, expenses of $5.0M, and assets of $5.7M (revenue -12.3% year-over-year).
- 2021: Revenue of $6.1M, expenses of $4.8M, and assets of $5.2M (revenue +17.0% year-over-year).
- 2020: Revenue of $5.2M, expenses of $5.0M, and assets of $4.6M (revenue +2.1% year-over-year).
- 2019: Revenue of $5.1M, expenses of $5.3M, and assets of $3.7M (revenue -9.3% year-over-year).
- 2018: Revenue of $5.6M, expenses of $5.8M, and assets of $4.0M (revenue +16.8% year-over-year).
- 2017: Revenue of $4.8M, expenses of $5.3M, and assets of $4.2M (revenue -21.5% year-over-year).
- 2016: Revenue of $6.2M, expenses of $5.0M, and assets of $4.8M (revenue +33.3% year-over-year).
- 2015: Revenue of $4.6M, expenses of $4.4M, and assets of $3.5M (revenue -3.5% year-over-year).
- 2014: Revenue of $4.8M, expenses of $4.4M, and assets of $3.3M (revenue +12.8% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.0M, and assets of $2.8M (revenue +11.3% year-over-year).
- 2012: Revenue of $3.8M, expenses of $4.0M, and assets of $5.4M (revenue -0.9% year-over-year).
- 2011: Revenue of $3.8M, expenses of $4.1M, and assets of $5.6M.
Data Sources and Methodology
This transparency report for Good Counsel 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.