The Faith Golding Foundation Inc
The Faith Golding Foundation Inc shows inconsistent annual revenue but maintains a stable asset base with minimal liabilities.
EIN: 133260491 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $410K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $5,869,936 |
| Net Assets | $3.4M |
| Transparency Score | 65/100 |
Is The Faith Golding Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Faith Golding Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Faith Golding Foundation Inc
The Faith Golding Foundation Inc (EIN: 133260491) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.2M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Faith Golding Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Faith Golding Foundation Inc is a mid-size nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $506K |
| Total Expenses | $410K |
| Surplus / Deficit | +$96K |
| Total Assets | $3.4M |
| Total Liabilities | $1 |
| Net Assets | $3.4M |
| Operating Margin | 19.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 98.6 months |
Financial Health Grade: A
In 2023, The Faith Golding Foundation Inc reported a surplus of $96K with revenue exceeding expenses, holds 98.6 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), The Faith Golding Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +378.5% | +3.1% | +2.9% |
| 2022 | -64.2% | +1.7% | -8.2% |
| 2021 | +5848.3% | +51.0% | -2.6% |
| 2020 | -97.2% | -44.2% | -6.5% |
| 2019 | -49.9% | +45.4% | +33.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 The Faith Golding Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Faith Golding Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $96K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization with assets of $5,869,936 and annual expenses often exceeding $250,000, suggesting either a fully volunteer executive team or compensation is reported under a different category.
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 The Faith Golding Foundation Inc's IRS 990 filings:
- Significant discrepancy between 'Latest Revenue' and most recent annual filing revenue ($6,247,242 vs. $506,290).
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this size and asset base.
- Expenses frequently exceed annual revenue, indicating reliance on reserves or other funding sources.
Strengths
The following positive indicators were identified for The Faith Golding Foundation Inc:
- Extremely low liabilities ($1 across all filings) indicating strong financial solvency.
- Maintains a substantial and stable asset base, currently at $5,869,936, suggesting good long-term financial management.
- Consistent filing history over more than a decade, indicating compliance with IRS reporting requirements.
Frequently Asked Questions about The Faith Golding Foundation Inc
Is The Faith Golding Foundation Inc a legitimate charity?
The Faith Golding Foundation Inc (EIN: 133260491) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.2M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Faith Golding Foundation Inc spend its money?
The Faith Golding Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Faith Golding Foundation Inc tax-deductible?
The Faith Golding Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133260491). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Faith Golding Foundation Inc CEO make?
The Faith Golding Foundation Inc's highest-compensated officer earns $5,869,936 annually. The organization reported $6.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Faith Golding Foundation Inc's spending goes to programs?
The Faith Golding Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is The Faith Golding Foundation Inc located?
The Faith Golding Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133260491.
How many years of IRS 990 filings does The Faith Golding Foundation Inc have?
The Faith Golding 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 $6.2M in total revenue.
Is The Faith Golding Foundation Inc a good charity?
The foundation demonstrates financial stability with low liabilities and a substantial asset base. However, the lack of detailed expense breakdowns (program, admin, fundraising) and the consistent 0% officer compensation make a full assessment of its efficiency and transparency challenging. Its financial health appears stable, but more information is needed to fully evaluate its programmatic impact and operational efficiency.
Why is the 'Latest Revenue' of $6,247,242 so much higher than the 2023 annual revenue of $506,290?
This discrepancy could be due to a large one-time donation or grant received outside the 2023 fiscal year, or the 'Latest Revenue' figure might represent cumulative revenue over a different period or include non-operating income not reflected in the annual filing's 'Revenue' line item. Further clarification from the organization's detailed financial statements would be necessary.
How does the organization cover its expenses when revenue is significantly lower, as seen in 2022 and 2020?
When annual expenses exceed revenue, the organization likely draws upon its accumulated assets or reserves from prior profitable years. This is sustainable as long as the asset base remains robust, but consistent deficits could eventually deplete reserves.
Filing History
IRS 990 filing history for The Faith Golding Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Faith Golding Foundation Inc's revenue has grown by 898%, moving from $51K to $506K. Total assets increased by 13.8% over the same period, from $3.0M to $3.4M. Total functional expenses rose by 90.2%, from $215K to $410K. In its most recent filing year (2023), The Faith Golding Foundation Inc reported a surplus of $96K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $506K | $410K | $3.4M | $1 | — | View 990 |
| 2022 | $106K | $398K | $3.3M | $1 | — | View 990 |
| 2021 | $295K | $391K | $3.6M | $1 | — | View 990 |
| 2020 | $5K | $259K | $3.7M | $1 | — | — |
| 2019 | $180K | $464K | $3.9M | $1 | — | View 990 |
| 2015 | $360K | $319K | $2.9M | $1 | — | View 990 |
| 2014 | $341K | $261K | $2.9M | $1 | — | View 990 |
| 2013 | $270K | $250K | $2.8M | $1 | — | View 990 |
| 2012 | $73K | $245K | $2.8M | $1 | — | View 990 |
| 2011 | $51K | $215K | $3.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $506K, expenses of $410K, and assets of $3.4M (revenue +378.5% year-over-year).
- 2022: Revenue of $106K, expenses of $398K, and assets of $3.3M (revenue -64.2% year-over-year).
- 2021: Revenue of $295K, expenses of $391K, and assets of $3.6M (revenue +5848.3% year-over-year).
- 2020: Revenue of $5K, expenses of $259K, and assets of $3.7M (revenue -97.2% year-over-year).
- 2019: Revenue of $180K, expenses of $464K, and assets of $3.9M (revenue -49.9% year-over-year).
- 2015: Revenue of $360K, expenses of $319K, and assets of $2.9M (revenue +5.4% year-over-year).
- 2014: Revenue of $341K, expenses of $261K, and assets of $2.9M (revenue +26.5% year-over-year).
- 2013: Revenue of $270K, expenses of $250K, and assets of $2.8M (revenue +267.8% year-over-year).
- 2012: Revenue of $73K, expenses of $245K, and assets of $2.8M (revenue +44.6% year-over-year).
- 2011: Revenue of $51K, expenses of $215K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Faith Golding Foundation Inc:
Data Sources and Methodology
This transparency report for The Faith Golding 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.