Goodpower Education Fund Inc
EIN: 263106566 · Boston, MA · NTEE: C05
| Metric | Value |
|---|---|
| Total Revenue | $14.3M |
| Total Expenses | $10.2M |
| Net Assets | $1.2M |
Is Goodpower Education Fund Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Goodpower Education Fund Inc
Goodpower Education Fund Inc (EIN: 263106566) is a nonprofit organization based in Boston, MA, classified under NTEE code C05. The organization reported total revenue of $14.3M and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goodpower Education Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goodpower Education Fund Inc is a large nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.2M |
| Total Expenses | $10.2M |
| Surplus / Deficit | $-1,944,196 |
| Total Assets | $1.9M |
| Total Liabilities | $713K |
| Net Assets | $1.2M |
| Operating Margin | -23.7% |
| Debt-to-Asset Ratio | 36.9% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2023, Goodpower Education Fund Inc reported a deficit of $1.9M with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 36.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Goodpower Education Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | +41.9% | -46.7% |
| 2022 | +15.4% | +15.9% | +30.0% |
| 2021 | +73.7% | +115.9% | +27.7% |
| 2020 | +75.7% | +31.0% | +445.2% |
| 2019 | +10.9% | +3.4% | +18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Goodpower Education Fund Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Goodpower Education Fund Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.9%.
Frequently Asked Questions about Goodpower Education Fund Inc
Is Goodpower Education Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodpower Education Fund Inc (EIN: 263106566) insufficient data. 0 red flags identified, 0 strengths noted.
How does Goodpower Education Fund Inc spend its money?
Detailed spending breakdown data is not yet available for Goodpower Education Fund Inc. Check back for updated IRS 990 analysis.
Are donations to Goodpower Education Fund Inc tax-deductible?
Goodpower Education Fund Inc is registered as a tax-exempt nonprofit (EIN: 263106566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Goodpower Education Fund Inc located?
Goodpower Education Fund Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 263106566. It is classified under NTEE code C05.
How many years of IRS 990 filings does Goodpower Education Fund Inc have?
Goodpower Education Fund Inc has 14 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 $14.3M in total revenue.
Filing History
IRS 990 filing history for Goodpower Education Fund Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Goodpower Education Fund Inc's revenue has grown by 161.8%, moving from $3.1M to $8.2M. Total assets increased by 117.6% over the same period, from $888K to $1.9M. Total functional expenses rose by 234.5%, from $3.0M to $10.2M. In its most recent filing year (2023), Goodpower Education Fund Inc reported a deficit of $1.9M, with expenses exceeding revenue. The organization holds $713K in liabilities against $1.9M in assets (debt-to-asset ratio: 36.9%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.2M | $10.2M | $1.9M | $713K | — | — |
| 2022 | $8.0M | $7.2M | $3.6M | $462K | — | View 990 |
| 2021 | $7.0M | $6.2M | $2.8M | $519K | — | View 990 |
| 2020 | $4.0M | $2.9M | $2.2M | $716K | — | View 990 |
| 2019 | $2.3M | $2.2M | $401K | $89K | — | View 990 |
| 2018 | $2.1M | $2.1M | $337K | $82K | — | View 990 |
| 2017 | $1.8M | $2.0M | $435K | $131K | — | View 990 |
| 2016 | $1.2M | $1.4M | $742K | $214K | — | View 990 |
| 2015 | $2.5M | $2.1M | $1.0M | $198K | — | View 990 |
| 2014 | $1.9M | $2.0M | $537K | $128K | — | View 990 |
| 2013 | $3.5M | $3.5M | $629K | $175K | — | View 990 |
| 2012 | $3.1M | $3.1M | $542K | $113K | — | View 990 |
| 2011 | $2.7M | $3.1M | $503K | $134K | — | View 990 |
| 2010 | $3.1M | $3.0M | $888K | $168K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.2M, expenses of $10.2M, and assets of $1.9M (revenue +2.0% year-over-year).
- 2022: Revenue of $8.0M, expenses of $7.2M, and assets of $3.6M (revenue +15.4% year-over-year).
- 2021: Revenue of $7.0M, expenses of $6.2M, and assets of $2.8M (revenue +73.7% year-over-year).
- 2020: Revenue of $4.0M, expenses of $2.9M, and assets of $2.2M (revenue +75.7% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.2M, and assets of $401K (revenue +10.9% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $337K (revenue +14.1% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.0M, and assets of $435K (revenue +55.0% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.4M, and assets of $742K (revenue -52.8% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.1M, and assets of $1.0M (revenue +28.0% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.0M, and assets of $537K (revenue -45.0% year-over-year).
- 2013: Revenue of $3.5M, expenses of $3.5M, and assets of $629K (revenue +12.1% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.1M, and assets of $542K (revenue +14.0% year-over-year).
- 2011: Revenue of $2.7M, expenses of $3.1M, and assets of $503K (revenue -12.3% year-over-year).
- 2010: Revenue of $3.1M, expenses of $3.0M, and assets of $888K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goodpower Education Fund Inc:
Data Sources and Methodology
This transparency report for Goodpower Education Fund 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.