Gould Foundation Inc
Gould Foundation Inc. experiences significant asset and revenue growth with minimal expenses and no officer compensation.
EIN: 201247321 · Liberal, KS · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $59K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1,391,519 |
| Net Assets | $1.3M |
| Transparency Score | 90/100 |
Is Gould Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gould Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gould Foundation Inc
Gould Foundation Inc (EIN: 201247321) is a nonprofit organization based in Liberal, KS, classified under NTEE code T22. The organization reported total revenue of $206K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gould Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gould Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 213.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $894K |
| Total Expenses | $59K |
| Surplus / Deficit | +$835K |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | 93.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 270.9 months |
Financial Health Grade: A
In 2023, Gould Foundation Inc reported a surplus of $835K with revenue exceeding expenses, holds 270.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gould Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 213.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3544.3% | +32.3% | +165.6% |
| 2022 | -51.4% | +46.8% | -3.9% |
| 2021 | +76.6% | -9.1% | +4.0% |
| 2020 | -23.5% | +24.0% | -1.0% |
| 2019 | +52.0% | +19.8% | +27.7% |
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 Gould Foundation Inc with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Gould Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $835K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization of its asset size ($1,391,519).
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 Gould Foundation Inc:
- Significant asset growth, reaching $1,391,519 in the latest period.
- Extremely low liabilities, consistently reported as $1.
- High financial efficiency with very low expenses relative to revenue (e.g., $59,292 expenses on $893,942 revenue in 2023).
- No reported officer compensation, indicating volunteer leadership or highly efficient governance.
- Consistent filing history over 10 periods, demonstrating transparency.
Frequently Asked Questions about Gould Foundation Inc
Is Gould Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gould Foundation Inc (EIN: 201247321) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Gould Foundation Inc spend its money?
Gould Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gould Foundation Inc tax-deductible?
Gould Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201247321). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gould Foundation Inc CEO make?
Gould Foundation Inc's highest-compensated officer earns $1,391,519 annually. The organization reported $206K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Gould Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Gould Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gould Foundation Inc located?
Gould Foundation Inc is headquartered in Liberal, Kansas and files with the IRS under EIN 201247321. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gould Foundation Inc have?
Gould Foundation Inc has 10 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 $206K in total revenue.
Is Gould Foundation Inc. a good charity?
Based on the available financial data, Gould Foundation Inc. appears to be a very financially sound organization with strong asset growth, minimal liabilities, and extremely low operational expenses relative to its revenue, especially in the latest period. The absence of officer compensation is also a positive indicator of efficiency. Its 'goodness' as a charity would depend on the impact of its grant-making or programmatic activities, which are not detailed in the financial summary but are implied by its low expense ratio.
What caused the significant revenue and asset increase in 2023?
The IRS 990 data shows a dramatic increase in revenue from $24,530 in 2022 to $893,942 in 2023, and assets from $503,894 to $1,338,544 in the same period. This suggests a major donation, endowment, or investment gain occurred, significantly boosting the foundation's financial capacity.
How does the organization achieve such low expenses?
The organization consistently reports very low expenses relative to its revenue and assets. For example, in 2023, expenses were $59,292 against $893,942 in revenue. This indicates that the foundation likely operates with a very lean administrative structure, possibly relying heavily on volunteers, and may primarily function as a grant-making entity rather than directly delivering programs with high operational costs.
Filing History
IRS 990 filing history for Gould Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gould Foundation Inc's revenue has grown by 89394100%, moving from $1 to $894K. Total assets increased by 133854300% over the same period, from $1 to $1.3M. In its most recent filing year (2023), Gould Foundation Inc reported a surplus of $835K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $894K | $59K | $1.3M | $1 | — | View 990 |
| 2022 | $25K | $45K | $504K | $1 | — | View 990 |
| 2021 | $51K | $31K | $524K | $1 | — | View 990 |
| 2020 | $29K | $34K | $504K | $1 | — | — |
| 2019 | $37K | $27K | $509K | $1 | — | View 990 |
| 2015 | $25K | $23K | $399K | $1 | — | View 990 |
| 2014 | $30K | $20K | $397K | $1 | — | View 990 |
| 2013 | $22K | $6K | $387K | $1 | — | View 990 |
| 2012 | $372K | $311 | $371K | $1 | — | View 990 |
| 2011 | $1 | $0 | $1 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $894K, expenses of $59K, and assets of $1.3M (revenue +3544.3% year-over-year).
- 2022: Revenue of $25K, expenses of $45K, and assets of $504K (revenue -51.4% year-over-year).
- 2021: Revenue of $51K, expenses of $31K, and assets of $524K (revenue +76.6% year-over-year).
- 2020: Revenue of $29K, expenses of $34K, and assets of $504K (revenue -23.5% year-over-year).
- 2019: Revenue of $37K, expenses of $27K, and assets of $509K (revenue +52.0% year-over-year).
- 2015: Revenue of $25K, expenses of $23K, and assets of $399K (revenue -17.8% year-over-year).
- 2014: Revenue of $30K, expenses of $20K, and assets of $397K (revenue +35.5% year-over-year).
- 2013: Revenue of $22K, expenses of $6K, and assets of $387K (revenue -94.1% year-over-year).
- 2012: Revenue of $372K, expenses of $311, and assets of $371K (revenue +37167400.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gould Foundation Inc:
Data Sources and Methodology
This transparency report for Gould Foundation 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.