Michiana Goodwill Boosters
Michiana Goodwill Boosters consistently operates debt-free with growing assets and no officer compensation.
EIN: 203675652 · South Bend, IN · NTEE: J40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $185K |
| Total Expenses | $114K |
| Program Spending | 90% |
| Net Assets | $179K |
| Transparency Score | 92/100 |
Is Michiana Goodwill Boosters Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michiana Goodwill Boosters directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Michiana Goodwill Boosters
Michiana Goodwill Boosters (EIN: 203675652) is a nonprofit organization based in South Bend, IN, classified under NTEE code J40. The organization reported total revenue of $185K and total assets of $252K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michiana Goodwill Boosters's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michiana Goodwill Boosters is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $164K |
| Total Expenses | $114K |
| Surplus / Deficit | +$51K |
| Total Assets | $179K |
| Net Assets | $179K |
| Operating Margin | 30.9% |
| Months of Reserves | 18.9 months |
Financial Health Grade: A
In 2023, Michiana Goodwill Boosters reported a surplus of $51K with revenue exceeding expenses, holds 18.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Michiana Goodwill Boosters's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.2% | -25.9% | +39.7% |
| 2022 | -15.6% | +23.6% | -22.8% |
| 2021 | +12.6% | +39.4% | +8.4% |
| 2020 | +11.8% | -13.3% | +27.1% |
| 2019 | -6.7% | +24.4% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Michiana Goodwill Boosters 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Michiana Goodwill Boosters 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 $51K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational structure.
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 Michiana Goodwill Boosters's IRS 990 filings:
- Lack of detailed program vs. administrative spending breakdown in provided summary data (though 0% officer comp is positive)
Strengths
The following positive indicators were identified for Michiana Goodwill Boosters:
- Consistent $0 liabilities across all filings, indicating no debt.
- 0% officer compensation reported in all filings, maximizing funds for mission.
- Steady growth in assets from $33,218 in 2014 to $178,674 in 2023.
- Consistent revenue generation, with latest revenue at $164,426.
- Expenses consistently managed below revenue in most recent years (e.g., 202312: Revenue $164,426, Expenses $113,664).
Frequently Asked Questions about Michiana Goodwill Boosters
Is Michiana Goodwill Boosters a legitimate charity?
Michiana Goodwill Boosters (EIN: 203675652) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $185K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Michiana Goodwill Boosters spend its money?
Michiana Goodwill Boosters directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Michiana Goodwill Boosters tax-deductible?
Michiana Goodwill Boosters is registered as a tax-exempt nonprofit (EIN: 203675652). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Michiana Goodwill Boosters compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Michiana Goodwill Boosters is above average for NTEE category J40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Michiana Goodwill Boosters located?
Michiana Goodwill Boosters is headquartered in South Bend, Indiana and files with the IRS under EIN 203675652. It is classified under NTEE code J40.
How many years of IRS 990 filings does Michiana Goodwill Boosters have?
Michiana Goodwill Boosters 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 $185K in total revenue.
Is Michiana Goodwill Boosters a good charity?
Based on the available financial data, Michiana Goodwill Boosters appears to be a very good charity. They consistently operate without debt, have growing assets, and report 0% officer compensation, indicating a strong commitment to directing funds towards their mission.
How has Michiana Goodwill Boosters' financial health changed over time?
Michiana Goodwill Boosters has shown consistent financial growth and stability. Their assets have increased significantly from $33,218 in 2014 to $178,674 in 2023, and they have maintained $0 in liabilities throughout this period, demonstrating excellent financial management.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all 13 filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is a strong positive for resource allocation.
Filing History
IRS 990 filing history for Michiana Goodwill Boosters showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Michiana Goodwill Boosters's revenue has grown by 30.4%, moving from $126K to $164K. Total assets increased by 294.9% over the same period, from $45K to $179K. Total functional expenses fell by 7.8%, from $123K to $114K. In its most recent filing year (2023), Michiana Goodwill Boosters reported a surplus of $51K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $164K | $114K | $179K | $0 | — | — |
| 2022 | $116K | $153K | $128K | $0 | — | View 990 |
| 2021 | $137K | $124K | $166K | $0 | — | View 990 |
| 2020 | $122K | $89K | $153K | $0 | — | — |
| 2019 | $109K | $103K | $120K | $0 | — | View 990 |
| 2018 | $117K | $83K | $114K | $0 | — | View 990 |
| 2017 | $133K | $93K | $80K | $0 | — | View 990 |
| 2016 | $107K | $112K | $41K | $0 | — | View 990 |
| 2015 | $137K | $125K | $45K | $0 | — | View 990 |
| 2014 | $129K | $121K | $33K | $0 | — | View 990 |
| 2013 | $110K | $125K | $25K | $0 | — | View 990 |
| 2012 | $128K | $132K | $40K | $0 | — | View 990 |
| 2011 | $126K | $123K | $45K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $164K, expenses of $114K, and assets of $179K (revenue +42.2% year-over-year).
- 2022: Revenue of $116K, expenses of $153K, and assets of $128K (revenue -15.6% year-over-year).
- 2021: Revenue of $137K, expenses of $124K, and assets of $166K (revenue +12.6% year-over-year).
- 2020: Revenue of $122K, expenses of $89K, and assets of $153K (revenue +11.8% year-over-year).
- 2019: Revenue of $109K, expenses of $103K, and assets of $120K (revenue -6.7% year-over-year).
- 2018: Revenue of $117K, expenses of $83K, and assets of $114K (revenue -12.0% year-over-year).
- 2017: Revenue of $133K, expenses of $93K, and assets of $80K (revenue +23.7% year-over-year).
- 2016: Revenue of $107K, expenses of $112K, and assets of $41K (revenue -21.8% year-over-year).
- 2015: Revenue of $137K, expenses of $125K, and assets of $45K (revenue +6.0% year-over-year).
- 2014: Revenue of $129K, expenses of $121K, and assets of $33K (revenue +17.2% year-over-year).
- 2013: Revenue of $110K, expenses of $125K, and assets of $25K (revenue -13.6% year-over-year).
- 2012: Revenue of $128K, expenses of $132K, and assets of $40K (revenue +1.2% year-over-year).
- 2011: Revenue of $126K, expenses of $123K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michiana Goodwill Boosters:
Data Sources and Methodology
This transparency report for Michiana Goodwill Boosters 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.