Good Luck Improvement Association
Good Luck Improvement Association maintains strong asset growth with consistently low expenses and no reported officer compensation.
EIN: 210651944 · Forked River, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $347K |
| Total Expenses | $51K |
| Program Spending | 80% |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Good Luck Improvement Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Good Luck Improvement Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Good Luck Improvement Association
Good Luck Improvement Association (EIN: 210651944) is a nonprofit organization based in Forked River, NJ. The organization reported total revenue of $347K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Luck Improvement Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Luck Improvement Association is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $205K |
| Total Expenses | $51K |
| Surplus / Deficit | +$154K |
| Total Assets | $2.3M |
| Net Assets | $2.3M |
| Operating Margin | 75.2% |
| Months of Reserves | 543.5 months |
Financial Health Grade: A
In 2024, Good Luck Improvement Association reported a surplus of $154K with revenue exceeding expenses, holds 543.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Good Luck Improvement Association's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +371.5% | +20.6% | +7.2% |
| 2023 | -75.8% | -67.4% | +0.1% |
| 2022 | -29.5% | +21.3% | +2.4% |
| 2021 | +271.2% | +35.0% | +7.6% |
| 2020 | -23.6% | +25.7% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1978 |
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 Luck Improvement Association 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Good Luck Improvement Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $154K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led structure or that compensation is not reported under this category, which is highly efficient from a compensation perspective.
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 Luck Improvement Association's IRS 990 filings:
- Unknown NTEE Code limits understanding of mission focus
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Good Luck Improvement Association:
- Consistent asset growth, reaching $2,603,118 in latest period
- Consistently reports zero liabilities across all filings
- Expenses are consistently low relative to revenue (e.g., $51,035 expenses vs. $205,387 revenue in 2024)
- 0% officer compensation reported across all available filings, indicating high efficiency in leadership costs
- Robust filing history with 13 IRS 990 filings, demonstrating compliance
Frequently Asked Questions about Good Luck Improvement Association
Is Good Luck Improvement Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Good Luck Improvement Association (EIN: 210651944) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Good Luck Improvement Association spend its money?
Good Luck Improvement Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Good Luck Improvement Association tax-deductible?
Good Luck Improvement Association is registered as a tax-exempt nonprofit (EIN: 210651944). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Good Luck Improvement Association's spending goes to programs?
Good Luck Improvement Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Good Luck Improvement Association located?
Good Luck Improvement Association is headquartered in Forked River, New Jersey and files with the IRS under EIN 210651944.
How many years of IRS 990 filings does Good Luck Improvement Association have?
Good Luck Improvement Association has 13 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 $347K in total revenue.
Is Good Luck Improvement Association a good charity?
Based on the available data, the Good Luck Improvement Association appears to be a financially sound organization with strong asset growth, consistently low expenses relative to revenue, and no reported officer compensation. This suggests efficient use of funds and a strong financial position. However, without a detailed breakdown of program spending and an identified NTEE code, it's difficult to fully assess its programmatic impact.
What is the primary mission of the Good Luck Improvement Association?
The NTEE code for the Good Luck Improvement Association is unknown, which means its specific mission or area of focus cannot be determined from the provided IRS 990 data. Further investigation into their public profile or website would be needed.
How does the organization manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization may be entirely volunteer-run at the executive level, or that any compensation provided to officers is reported under a different expense category not captured by 'Officer Comp' in the summary data. This is a significant factor in its low overall expenses.
Filing History
IRS 990 filing history for Good Luck Improvement Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Good Luck Improvement Association's revenue has grown by 152.6%, moving from $81K to $205K. Total assets increased by 43.1% over the same period, from $1.6M to $2.3M. Total functional expenses rose by 68%, from $30K to $51K. In its most recent filing year (2024), Good Luck Improvement Association reported a surplus of $154K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $205K | $51K | $2.3M | $0 | — | — |
| 2023 | $44K | $42K | $2.2M | $0 | — | View 990 |
| 2022 | $180K | $130K | $2.2M | $0 | — | View 990 |
| 2021 | $256K | $107K | $2.1M | $0 | — | View 990 |
| 2020 | $69K | $79K | $2.0M | $0 | — | View 990 |
| 2019 | $90K | $63K | $2.0M | $0 | — | View 990 |
| 2018 | $50K | $45K | $1.9M | $0 | — | View 990 |
| 2017 | $107K | $42K | $1.9M | $0 | — | View 990 |
| 2016 | $65K | $41K | $1.9M | $0 | — | View 990 |
| 2015 | $60K | $35K | $1.8M | $0 | — | View 990 |
| 2014 | $71K | $42K | $1.8M | $0 | — | View 990 |
| 2013 | $209K | $34K | $1.8M | $0 | — | View 990 |
| 2012 | $81K | $30K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $205K, expenses of $51K, and assets of $2.3M (revenue +371.5% year-over-year).
- 2023: Revenue of $44K, expenses of $42K, and assets of $2.2M (revenue -75.8% year-over-year).
- 2022: Revenue of $180K, expenses of $130K, and assets of $2.2M (revenue -29.5% year-over-year).
- 2021: Revenue of $256K, expenses of $107K, and assets of $2.1M (revenue +271.2% year-over-year).
- 2020: Revenue of $69K, expenses of $79K, and assets of $2.0M (revenue -23.6% year-over-year).
- 2019: Revenue of $90K, expenses of $63K, and assets of $2.0M (revenue +80.6% year-over-year).
- 2018: Revenue of $50K, expenses of $45K, and assets of $1.9M (revenue -53.3% year-over-year).
- 2017: Revenue of $107K, expenses of $42K, and assets of $1.9M (revenue +64.1% year-over-year).
- 2016: Revenue of $65K, expenses of $41K, and assets of $1.9M (revenue +8.9% year-over-year).
- 2015: Revenue of $60K, expenses of $35K, and assets of $1.8M (revenue -16.4% year-over-year).
- 2014: Revenue of $71K, expenses of $42K, and assets of $1.8M (revenue -65.9% year-over-year).
- 2013: Revenue of $209K, expenses of $34K, and assets of $1.8M (revenue +157.5% year-over-year).
- 2012: Revenue of $81K, expenses of $30K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Luck Improvement Association:
Data Sources and Methodology
This transparency report for Good Luck Improvement Association 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.