L & J Goldrich Foundation
L & J Goldrich Foundation maintains strong asset growth with minimal expenses and no officer compensation.
EIN: 116038035 · Virginia Bch, VA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $101K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.6M |
| Transparency Score | 95/100 |
Is L & J Goldrich Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
L & J Goldrich Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About L & J Goldrich Foundation
L & J Goldrich Foundation (EIN: 116038035) is a nonprofit organization based in Virginia Bch, VA. The organization reported total revenue of $1.3M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of L & J Goldrich Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
L & J Goldrich Foundation is a mid-size nonprofit that has been operating for 68 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 28.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $570K |
| Total Expenses | $101K |
| Surplus / Deficit | +$469K |
| Total Assets | $5.6M |
| Total Liabilities | $1 |
| Net Assets | $5.6M |
| Operating Margin | 82.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 664.8 months |
Financial Health Grade: A
In 2023, L & J Goldrich Foundation reported a surplus of $469K with revenue exceeding expenses, holds 664.8 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), L & J Goldrich Foundation's revenue has grown at a compound annual growth rate (CAGR) of 28.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +953.8% | +73.5% | +9.2% |
| 2022 | -98.3% | +13.7% | +0.2% |
| 2021 | +208.6% | -95.1% | +164.7% |
| 2020 | +239.7% | +562.5% | +3.9% |
| 2019 | +116.3% | +3.4% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 L & J Goldrich Foundation with a Mission Score of 95 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, L & J Goldrich Foundation 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 $469K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's leadership is not compensated from its charitable funds, which is highly commendable for a foundation of its size with assets over $5 million.
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 L & J Goldrich Foundation's IRS 990 filings:
- NTEE code is unknown, making it difficult to precisely categorize its programmatic focus.
Strengths
The following positive indicators were identified for L & J Goldrich Foundation:
- Strong and consistent asset growth, reaching $5,572,232 in 2023.
- Extremely low expense ratio relative to revenue in recent years (e.g., 17.6% in 2023).
- Consistently reports 0% officer compensation, indicating high dedication of funds to mission.
- Minimal liabilities ($1 in recent years) demonstrating sound financial management.
- Long filing history (10 filings) providing good transparency over time.
Frequently Asked Questions about L & J Goldrich Foundation
Is L & J Goldrich Foundation a legitimate charity?
L & J Goldrich Foundation (EIN: 116038035) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does L & J Goldrich Foundation spend its money?
L & J Goldrich Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to L & J Goldrich Foundation tax-deductible?
L & J Goldrich Foundation is registered as a tax-exempt nonprofit (EIN: 116038035). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the L & J Goldrich Foundation CEO make?
L & J Goldrich Foundation's highest-compensated officer earns $5 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is L & J Goldrich Foundation located?
L & J Goldrich Foundation is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 116038035.
How many years of IRS 990 filings does L & J Goldrich Foundation have?
L & J Goldrich Foundation 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 $1.3M in total revenue.
Is L & J Goldrich Foundation a good charity?
Based on the financial data, the L & J Goldrich Foundation appears to be a very good charity. It demonstrates excellent financial health with growing assets ($5,572,232 in 2023), very low expenses relative to revenue (e.g., $100,580 expenses vs. $569,698 revenue in 2023), and consistently reports zero officer compensation, indicating efficient use of funds.
How does the foundation manage its expenses?
The foundation manages its expenses exceptionally well, consistently keeping them very low. For example, in 2023, expenses were only $100,580 against $569,698 in revenue, and in 2021, expenses were $50,992 against $3,268,856 in revenue. This suggests a highly efficient operational model, likely focused on grant-making with minimal overhead.
What is the trend in the foundation's assets?
The foundation's assets show a strong upward trend, growing from $346,438 in 2011 to $5,572,232 in 2023, indicating successful financial management and accumulation of resources for its mission.
Filing History
IRS 990 filing history for L & J Goldrich Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), L & J Goldrich Foundation's revenue has grown by 1929%, moving from $28K to $570K. Total assets increased by 1508.4% over the same period, from $346K to $5.6M. Total functional expenses rose by 113.3%, from $47K to $101K. In its most recent filing year (2023), L & J Goldrich Foundation reported a surplus of $469K, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $570K | $101K | $5.6M | $1 | — | — |
| 2022 | $54K | $58K | $5.1M | $1 | — | View 990 |
| 2021 | $3.3M | $51K | $5.1M | $1 | — | View 990 |
| 2020 | $1.1M | $1.0M | $1.9M | $1 | — | View 990 |
| 2019 | $312K | $156K | $1.9M | $1 | — | View 990 |
| 2015 | $144K | $151K | $1.8M | $2K | — | View 990 |
| 2014 | $27K | $79K | $1.6M | $0 | — | View 990 |
| 2013 | $422K | $98K | $1.5M | $0 | — | View 990 |
| 2012 | $34K | $40K | $340K | $1 | — | View 990 |
| 2011 | $28K | $47K | $346K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $570K, expenses of $101K, and assets of $5.6M (revenue +953.8% year-over-year).
- 2022: Revenue of $54K, expenses of $58K, and assets of $5.1M (revenue -98.3% year-over-year).
- 2021: Revenue of $3.3M, expenses of $51K, and assets of $5.1M (revenue +208.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.0M, and assets of $1.9M (revenue +239.7% year-over-year).
- 2019: Revenue of $312K, expenses of $156K, and assets of $1.9M (revenue +116.3% year-over-year).
- 2015: Revenue of $144K, expenses of $151K, and assets of $1.8M (revenue +433.3% year-over-year).
- 2014: Revenue of $27K, expenses of $79K, and assets of $1.6M (revenue -93.6% year-over-year).
- 2013: Revenue of $422K, expenses of $98K, and assets of $1.5M (revenue +1137.7% year-over-year).
- 2012: Revenue of $34K, expenses of $40K, and assets of $340K (revenue +21.4% year-over-year).
- 2011: Revenue of $28K, expenses of $47K, and assets of $346K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for L & J Goldrich Foundation:
Data Sources and Methodology
This transparency report for L & J Goldrich 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.