Goodwill Education Initiatives Inc
Goodwill Education Initiatives Inc consistently grows revenue and assets with zero reported officer compensation.
EIN: 200749885 · Indianapolis, IN · NTEE: B240 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $41.2M |
| Total Expenses | $34.2M |
| Program Spending | 90% |
| Net Assets | $24.0M |
| Transparency Score | 92/100 |
Is Goodwill Education Initiatives Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goodwill Education Initiatives Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goodwill Education Initiatives Inc
Goodwill Education Initiatives Inc (EIN: 200749885) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code B240. The organization reported total revenue of $41.2M and total assets of $38.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goodwill Education Initiatives Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goodwill Education Initiatives Inc is a large nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34.5M |
| Total Expenses | $34.2M |
| Surplus / Deficit | +$276K |
| Total Assets | $31.6M |
| Total Liabilities | $7.7M |
| Net Assets | $24.0M |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 24.2% |
| Months of Reserves | 11.1 months |
Financial Health Grade: A
In 2023, Goodwill Education Initiatives Inc reported a surplus of $276K with revenue exceeding expenses, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 24.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Goodwill Education Initiatives Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.8% | +0.6% | +25.0% |
| 2022 | -4.8% | +4.9% | +2.2% |
| 2021 | +6.2% | +0.2% | +31.0% |
| 2020 | +10.1% | +2.5% | +21.5% |
| 2019 | +9.3% | +11.7% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Goodwill Education Initiatives Inc 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, Goodwill Education Initiatives Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $276K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to officers, directors, or trustees, which is highly unusual and suggests a strong commitment to directing funds towards program services.
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 Goodwill Education Initiatives Inc's IRS 990 filings:
- Significant increase in liabilities from $1,750,008 in 2022 to $7,671,250 in 2023, warranting further investigation into the nature of these liabilities.
Strengths
The following positive indicators were identified for Goodwill Education Initiatives Inc:
- Consistent revenue growth, increasing from $25,521,934 in 2014 to $34,483,175 in 2023.
- Strong asset growth, from $9,651,611 in 2014 to $31,641,632 in 2023, indicating financial stability.
- Consistent reporting of 0% officer compensation across all filings, suggesting high efficiency and mission focus.
- Consistent operating surpluses, demonstrating sound financial management.
- NTEE code B240 (Education) aligns with the organization's name, indicating a clear mission focus.
Frequently Asked Questions about Goodwill Education Initiatives Inc
Is Goodwill Education Initiatives Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodwill Education Initiatives Inc (EIN: 200749885) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Goodwill Education Initiatives Inc spend its money?
Goodwill Education Initiatives Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Goodwill Education Initiatives Inc tax-deductible?
Goodwill Education Initiatives Inc is registered as a tax-exempt nonprofit (EIN: 200749885). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Goodwill Education Initiatives Inc's spending goes to programs?
Goodwill Education Initiatives Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Goodwill Education Initiatives Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Goodwill Education Initiatives Inc is above average for NTEE category B240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Goodwill Education Initiatives Inc located?
Goodwill Education Initiatives Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 200749885. It is classified under NTEE code B240.
How many years of IRS 990 filings does Goodwill Education Initiatives Inc have?
Goodwill Education Initiatives Inc has 12 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 $41.2M in total revenue.
Is Goodwill Education Initiatives Inc a good charity?
Based on the provided financial data, Goodwill Education Initiatives Inc appears to be a very good charity. It demonstrates consistent revenue growth, prudent expense management, and a significant increase in assets over the past decade. The most striking positive is the consistent reporting of 0% officer compensation, suggesting a strong dedication to its mission and efficient use of funds.
How has the organization's financial health changed over the last decade?
Goodwill Education Initiatives Inc has shown significant financial growth and strengthening over the last decade. Revenue increased from $25,521,934 in 2014 to $34,483,175 in 2023, and assets grew substantially from $9,651,611 to $31,641,632 in the same period. This indicates robust financial health and effective asset accumulation.
What is the trend in the organization's liabilities?
Liabilities have fluctuated but generally remained manageable relative to assets. They increased from $2,152,316 in 2014 to $7,671,250 in 2023, which is a notable increase, but still represents a small fraction of the organization's total assets ($31,641,632 in 2023), suggesting a healthy balance sheet.
Filing History
IRS 990 filing history for Goodwill Education Initiatives Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Goodwill Education Initiatives Inc's revenue has grown by 168.7%, moving from $12.8M to $34.5M. Total assets increased by 342.1% over the same period, from $7.2M to $31.6M. Total functional expenses rose by 190.2%, from $11.8M to $34.2M. In its most recent filing year (2023), Goodwill Education Initiatives Inc reported a surplus of $276K, with revenue exceeding expenses. The organization holds $7.7M in liabilities against $31.6M in assets (debt-to-asset ratio: 24.2%), resulting in net assets of $24.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34.5M | $34.2M | $31.6M | $7.7M | — | — |
| 2022 | $35.8M | $34.0M | $25.3M | $1.8M | — | View 990 |
| 2021 | $37.7M | $32.4M | $24.8M | $2.3M | — | — |
| 2020 | $35.5M | $32.4M | $18.9M | $1.6M | — | View 990 |
| 2019 | $32.2M | $31.6M | $15.6M | $1.4M | — | View 990 |
| 2018 | $29.5M | $28.2M | $14.5M | $1.0M | — | View 990 |
| 2017 | $26.9M | $25.0M | $14.0M | $1.8M | — | View 990 |
| 2016 | $28.0M | $26.2M | $11.9M | $1.6M | — | View 990 |
| 2015 | $25.4M | $24.4M | $10.8M | $2.3M | — | View 990 |
| 2014 | $25.5M | $22.4M | $9.7M | $2.2M | — | View 990 |
| 2013 | $19.1M | $17.2M | $6.5M | $2.1M | — | View 990 |
| 2012 | $12.8M | $11.8M | $7.2M | $4.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34.5M, expenses of $34.2M, and assets of $31.6M (revenue -3.8% year-over-year).
- 2022: Revenue of $35.8M, expenses of $34.0M, and assets of $25.3M (revenue -4.8% year-over-year).
- 2021: Revenue of $37.7M, expenses of $32.4M, and assets of $24.8M (revenue +6.2% year-over-year).
- 2020: Revenue of $35.5M, expenses of $32.4M, and assets of $18.9M (revenue +10.1% year-over-year).
- 2019: Revenue of $32.2M, expenses of $31.6M, and assets of $15.6M (revenue +9.3% year-over-year).
- 2018: Revenue of $29.5M, expenses of $28.2M, and assets of $14.5M (revenue +9.8% year-over-year).
- 2017: Revenue of $26.9M, expenses of $25.0M, and assets of $14.0M (revenue -4.1% year-over-year).
- 2016: Revenue of $28.0M, expenses of $26.2M, and assets of $11.9M (revenue +10.4% year-over-year).
- 2015: Revenue of $25.4M, expenses of $24.4M, and assets of $10.8M (revenue -0.6% year-over-year).
- 2014: Revenue of $25.5M, expenses of $22.4M, and assets of $9.7M (revenue +33.4% year-over-year).
- 2013: Revenue of $19.1M, expenses of $17.2M, and assets of $6.5M (revenue +49.1% year-over-year).
- 2012: Revenue of $12.8M, expenses of $11.8M, and assets of $7.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goodwill Education Initiatives Inc:
Data Sources and Methodology
This transparency report for Goodwill Education Initiatives 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.