Greater Good Charities
Greater Good Charities shows consistent revenue growth and zero reported officer compensation.
EIN: 204846675 · Seattle, WA · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $316.4M |
| Total Expenses | $154.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $150 |
| Net Assets | $11.9M |
| Transparency Score | 92/100 |
Is Greater Good Charities Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Good Charities directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Good Charities
Greater Good Charities (EIN: 204846675) is a nonprofit organization based in Seattle, WA, classified under NTEE code T30. The organization reported total revenue of $316.4M and total assets of $16.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Good Charities's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Good Charities is a major nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 37.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $154.2M |
| Total Expenses | $154.2M |
| Surplus / Deficit | $-39,440 |
| Total Assets | $15.6M |
| Total Liabilities | $3.7M |
| Net Assets | $11.9M |
| Operating Margin | -0.0% |
| Debt-to-Asset Ratio | 23.8% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2023, Greater Good Charities reported a deficit of $39K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited), has a debt-to-asset ratio of 23.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greater Good Charities's revenue has grown at a compound annual growth rate (CAGR) of 37.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.9% | +37.0% | +11.1% |
| 2022 | +53.1% | +42.8% | +77.8% |
| 2021 | +2.1% | +8.1% | -20.7% |
| 2020 | +21.0% | +15.9% | +51.0% |
| 2019 | +23.2% | +21.8% | -11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Greater Good Charities 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Greater Good Charities allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with revenues exceeding $150 million. This suggests either pro-bono leadership or compensation structured in a way that is not categorized as 'Officer Comp' on the 990, which warrants further investigation for full transparency.
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 Greater Good Charities's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this scale, which might obscure actual leadership compensation if structured differently.
Strengths
The following positive indicators were identified for Greater Good Charities:
- Consistent and substantial revenue growth over the past decade, from $7.1M in 2014 to $154.2M in 2023.
- Strong asset growth, indicating increasing financial stability and capacity.
- Expenses closely track revenue, suggesting efficient financial management.
- Very low reported liabilities relative to assets and revenue.
- Excellent transparency regarding officer compensation (0% reported).
Frequently Asked Questions about Greater Good Charities
Is Greater Good Charities a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Good Charities (EIN: 204846675) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Greater Good Charities spend its money?
Greater Good Charities directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Good Charities tax-deductible?
Greater Good Charities is registered as a tax-exempt nonprofit (EIN: 204846675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Greater Good Charities CEO make?
Greater Good Charities's highest-compensated officer earns $150 annually. The organization reported $316.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Greater Good Charities's spending goes to programs?
Greater Good Charities directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greater Good Charities compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Greater Good Charities 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 Greater Good Charities located?
Greater Good Charities is headquartered in Seattle, Washington and files with the IRS under EIN 204846675. It is classified under NTEE code T30.
How many years of IRS 990 filings does Greater Good Charities have?
Greater Good Charities 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 $316.4M in total revenue.
Is Greater Good Charities a good charity?
Based on the provided financial data, Greater Good Charities appears to be a very good charity. It demonstrates strong financial growth, efficient expense management, and excellent transparency regarding executive compensation (0% reported).
How has Greater Good Charities' revenue grown over time?
Greater Good Charities has experienced significant revenue growth, increasing from $7,133,895 in 201406 to $154,201,628 in 202306, indicating substantial expansion of its operations and impact.
What is the trend in Greater Good Charities' assets?
The organization's assets have steadily increased from $2,843,524 in 201406 to $15,639,559 in 202306, reflecting a growing financial base and capacity.
Are there any concerns about Greater Good Charities' liabilities?
Liabilities have remained relatively low compared to assets and revenue, growing from $43,448 in 201406 to $3,718,489 in 202306. This indicates responsible financial management and a healthy debt-to-asset ratio.
Filing History
IRS 990 filing history for Greater Good Charities showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Good Charities's revenue has grown by 4484.6%, moving from $3.4M to $154.2M. Total assets increased by 3621% over the same period, from $420K to $15.6M. Total functional expenses rose by 4509.8%, from $3.3M to $154.2M. In its most recent filing year (2023), Greater Good Charities reported a deficit of $39K, with expenses exceeding revenue. The organization holds $3.7M in liabilities against $15.6M in assets (debt-to-asset ratio: 23.8%), resulting in net assets of $11.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $154.2M | $154.2M | $15.6M | $3.7M | — | — |
| 2022 | $117.8M | $112.6M | $14.1M | $2.2M | — | View 990 |
| 2021 | $77.0M | $78.8M | $7.9M | $1.2M | — | View 990 |
| 2020 | $75.4M | $72.9M | $10.0M | $1.4M | — | View 990 |
| 2019 | $62.3M | $62.9M | $6.6M | $544K | — | View 990 |
| 2018 | $50.6M | $51.7M | $7.4M | $760K | — | View 990 |
| 2017 | $51.4M | $50.2M | $8.0M | $291K | — | View 990 |
| 2016 | $36.8M | $33.8M | $7.2M | $349K | — | View 990 |
| 2015 | $17.8M | $16.2M | $4.3M | $140K | — | View 990 |
| 2014 | $7.1M | $5.7M | $2.8M | $43K | — | View 990 |
| 2013 | $2.9M | $2.9M | $402K | $0 | — | View 990 |
| 2012 | $2.6M | $2.7M | $388K | $58K | — | View 990 |
| 2011 | $3.4M | $3.3M | $420K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $154.2M, expenses of $154.2M, and assets of $15.6M (revenue +30.9% year-over-year).
- 2022: Revenue of $117.8M, expenses of $112.6M, and assets of $14.1M (revenue +53.1% year-over-year).
- 2021: Revenue of $77.0M, expenses of $78.8M, and assets of $7.9M (revenue +2.1% year-over-year).
- 2020: Revenue of $75.4M, expenses of $72.9M, and assets of $10.0M (revenue +21.0% year-over-year).
- 2019: Revenue of $62.3M, expenses of $62.9M, and assets of $6.6M (revenue +23.2% year-over-year).
- 2018: Revenue of $50.6M, expenses of $51.7M, and assets of $7.4M (revenue -1.6% year-over-year).
- 2017: Revenue of $51.4M, expenses of $50.2M, and assets of $8.0M (revenue +39.7% year-over-year).
- 2016: Revenue of $36.8M, expenses of $33.8M, and assets of $7.2M (revenue +106.4% year-over-year).
- 2015: Revenue of $17.8M, expenses of $16.2M, and assets of $4.3M (revenue +150.0% year-over-year).
- 2014: Revenue of $7.1M, expenses of $5.7M, and assets of $2.8M (revenue +142.3% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.9M, and assets of $402K (revenue +11.2% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.7M, and assets of $388K (revenue -21.3% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.3M, and assets of $420K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Good Charities:
Data Sources and Methodology
This transparency report for Greater Good Charities 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.