Goodie Two Shoes Foundation
Goodie Two Shoes Foundation shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 208862386 · Las Vegas, NV · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $6.3M |
| Transparency Score | 92/100 |
Is Goodie Two Shoes Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goodie Two Shoes Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goodie Two Shoes Foundation
Goodie Two Shoes Foundation (EIN: 208862386) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T30. The organization reported total revenue of $1.3M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goodie Two Shoes Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goodie Two Shoes Foundation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $6.3M |
| Total Liabilities | $4K |
| Net Assets | $6.3M |
| Operating Margin | 58.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 71.0 months |
Financial Health Grade: A
In 2024, Goodie Two Shoes Foundation reported a surplus of $1.5M with revenue exceeding expenses, holds 71.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Goodie Two Shoes Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -34.5% | +11.9% | +31.9% |
| 2023 | +203.2% | +2.8% | +166.5% |
| 2022 | +79.3% | +55.8% | +21.5% |
| 2021 | +28.6% | -26.2% | +9.8% |
| 2020 | -39.3% | -7.8% | -11.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Goodie Two Shoes Foundation with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Goodie Two Shoes Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filing periods, indicating that executive leadership is either volunteer-based or compensated through non-officer roles, which is highly favorable for directing funds to programs.
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.
Strengths
The following positive indicators were identified for Goodie Two Shoes Foundation:
- Consistent revenue growth, particularly in recent years (e.g., $724,204 in 202106 to $2,577,749 in 202406).
- Significant asset accumulation, growing from $1,472,283 in 202106 to $6,285,304 in 202406.
- 0% reported officer compensation across all filing periods, indicating efficient use of funds.
- Expenses consistently lower than revenue in most recent periods, leading to healthy surpluses.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and consistent operation.
Frequently Asked Questions about Goodie Two Shoes Foundation
Is Goodie Two Shoes Foundation a legitimate charity?
Goodie Two Shoes Foundation (EIN: 208862386) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Goodie Two Shoes Foundation spend its money?
Goodie Two Shoes Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Goodie Two Shoes Foundation tax-deductible?
Goodie Two Shoes Foundation is registered as a tax-exempt nonprofit (EIN: 208862386). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Goodie Two Shoes Foundation's spending goes to programs?
Goodie Two Shoes Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Goodie Two Shoes Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Goodie Two Shoes Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Goodie Two Shoes Foundation located?
Goodie Two Shoes Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 208862386. It is classified under NTEE code T30.
How many years of IRS 990 filings does Goodie Two Shoes Foundation have?
Goodie Two Shoes Foundation 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 $1.3M in total revenue.
Is Goodie Two Shoes Foundation a good charity?
Based on the provided financial data, Goodie Two Shoes Foundation appears to be a very good charity. It demonstrates strong financial health, significant asset growth, and a consistent record of 0% officer compensation, suggesting efficient use of donor funds for its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, especially in recent years. Revenue has grown substantially from $724,204 in 202106 to $2,577,749 in 202406, and assets have surged from $1,472,283 in 202106 to $6,285,304 in 202406, indicating robust growth and financial stability.
What is the significance of 0% officer compensation?
0% officer compensation is a strong positive indicator, suggesting that the organization's top leadership is not drawing a salary from the charity's funds, or that compensation is structured in a way that maximizes resources for programmatic activities. This enhances donor confidence and reflects a high level of dedication to the mission.
Why did liabilities increase significantly in 202406?
Liabilities increased from $2,705 in 202306 to $4,418,000 in 202406. While the specific reason isn't detailed, this substantial increase, alongside significant asset growth, could indicate strategic investments, capital expenditures, or the acquisition of new assets, potentially through debt financing, to expand their operational capacity.
Filing History
IRS 990 filing history for Goodie Two Shoes Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Goodie Two Shoes Foundation's revenue has grown by 391.7%, moving from $524K to $2.6M. Total assets increased by 1022.9% over the same period, from $560K to $6.3M. Total functional expenses rose by 116.5%, from $491K to $1.1M. In its most recent filing year (2024), Goodie Two Shoes Foundation reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $4K in liabilities against $6.3M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.6M | $1.1M | $6.3M | $4K | — | View 990 |
| 2023 | $3.9M | $949K | $4.8M | $3K | — | — |
| 2022 | $1.3M | $923K | $1.8M | $12K | — | View 990 |
| 2021 | $724K | $592K | $1.5M | $71K | — | — |
| 2020 | $563K | $802K | $1.3M | $71K | — | View 990 |
| 2019 | $928K | $870K | $1.5M | $564 | — | View 990 |
| 2018 | $1.2M | $947K | $1.5M | $6K | — | — |
| 2017 | $951K | $809K | $1.2M | $2K | — | View 990 |
| 2016 | $999K | $806K | $989K | $22K | — | View 990 |
| 2015 | $676K | $611K | $813K | $7K | — | View 990 |
| 2014 | $667K | $553K | $777K | $36K | — | View 990 |
| 2013 | $789K | $721K | $628K | $3K | — | View 990 |
| 2012 | $524K | $491K | $560K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.6M, expenses of $1.1M, and assets of $6.3M (revenue -34.5% year-over-year).
- 2023: Revenue of $3.9M, expenses of $949K, and assets of $4.8M (revenue +203.2% year-over-year).
- 2022: Revenue of $1.3M, expenses of $923K, and assets of $1.8M (revenue +79.3% year-over-year).
- 2021: Revenue of $724K, expenses of $592K, and assets of $1.5M (revenue +28.6% year-over-year).
- 2020: Revenue of $563K, expenses of $802K, and assets of $1.3M (revenue -39.3% year-over-year).
- 2019: Revenue of $928K, expenses of $870K, and assets of $1.5M (revenue -22.7% year-over-year).
- 2018: Revenue of $1.2M, expenses of $947K, and assets of $1.5M (revenue +26.3% year-over-year).
- 2017: Revenue of $951K, expenses of $809K, and assets of $1.2M (revenue -4.9% year-over-year).
- 2016: Revenue of $999K, expenses of $806K, and assets of $989K (revenue +47.8% year-over-year).
- 2015: Revenue of $676K, expenses of $611K, and assets of $813K (revenue +1.4% year-over-year).
- 2014: Revenue of $667K, expenses of $553K, and assets of $777K (revenue -15.4% year-over-year).
- 2013: Revenue of $789K, expenses of $721K, and assets of $628K (revenue +50.4% year-over-year).
- 2012: Revenue of $524K, expenses of $491K, and assets of $560K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goodie Two Shoes Foundation:
Data Sources and Methodology
This transparency report for Goodie Two Shoes Foundation 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.