The Good Shepherd Fund
The Good Shepherd Fund maintains substantial assets despite volatile revenue and occasional operating deficits.
EIN: 200017143 · Richmond, VA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.5M |
| Total Expenses | $609K |
| Program Spending | 80% |
| Net Assets | $8.8M |
| Transparency Score | 85/100 |
Is The Good Shepherd Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Good Shepherd Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Good Shepherd Fund
The Good Shepherd Fund (EIN: 200017143) is a nonprofit organization based in Richmond, VA, classified under NTEE code T22. The organization reported total revenue of $6.5M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Good Shepherd Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Good Shepherd Fund is a mid-size nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $799K |
| Total Expenses | $609K |
| Surplus / Deficit | +$191K |
| Total Assets | $8.8M |
| Total Liabilities | $1 |
| Net Assets | $8.8M |
| Operating Margin | 23.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 173.2 months |
Financial Health Grade: A
In 2023, The Good Shepherd Fund reported a surplus of $191K with revenue exceeding expenses, holds 173.2 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 Good Shepherd Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.0% | -2.2% | +2.2% |
| 2022 | -43.3% | +5.8% | -1.0% |
| 2021 | +229.7% | +2.1% | +3.8% |
| 2020 | -14.5% | +7.3% | -2.6% |
| 2019 | -86.5% | +19.4% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Good Shepherd Fund with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, The Good Shepherd Fund allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $191K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Good Shepherd Fund consistently reports 0% officer compensation across all available filings, indicating that no portion of the organization's expenses is allocated to executive salaries, which is highly favorable for donor perception and resource allocation.
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 Good Shepherd Fund's IRS 990 filings:
- Significant year-over-year revenue volatility, making financial planning challenging.
- Multiple years where expenses exceeded revenue (e.g., 2022: $622,372 expenses vs. $532,693 revenue), indicating reliance on reserves or prior period surpluses.
Strengths
The following positive indicators were identified for The Good Shepherd Fund:
- Consistently reports 0% officer compensation, indicating strong fiscal responsibility regarding executive pay.
- Maintains a substantial and growing asset base, providing long-term financial stability (e.g., $9,764,427 in current assets).
- Long history of IRS 990 filings (10 filings), suggesting transparency and compliance.
Frequently Asked Questions about The Good Shepherd Fund
Is The Good Shepherd Fund a legitimate charity?
The Good Shepherd Fund (EIN: 200017143) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.5M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Good Shepherd Fund spend its money?
The Good Shepherd Fund directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Good Shepherd Fund tax-deductible?
The Good Shepherd Fund is registered as a tax-exempt nonprofit (EIN: 200017143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Good Shepherd Fund's spending goes to programs?
The Good Shepherd Fund directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Good Shepherd Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Good Shepherd Fund 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 The Good Shepherd Fund located?
The Good Shepherd Fund is headquartered in Richmond, Virginia and files with the IRS under EIN 200017143. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Good Shepherd Fund have?
The Good Shepherd Fund 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 $6.5M in total revenue.
Is The Good Shepherd Fund financially stable?
Yes, the organization appears financially stable due to its substantial asset base, which has consistently been above $7 million since 2012 and reached $9,764,427 most recently, despite fluctuating annual revenues and occasional operating deficits.
Why is there such high variability in annual revenue?
The data shows significant revenue fluctuations, such as $4,343,494 in 2012 and $799,305 in 2023. This could be due to reliance on large, infrequent donations, grants, or investment income, rather than a steady stream of smaller contributions.
Does the organization spend efficiently?
While specific program spending percentages are not detailed in the provided data, the consistent reporting of 0% officer compensation suggests efficient use of funds at the executive level. However, without a detailed expense breakdown, a full assessment of overall spending efficiency is limited.
What is the trend in the organization's assets?
The organization's assets have shown a general upward trend over the long term, growing from $3,273,167 in 2011 to $9,764,427 currently, indicating successful asset management and growth.
Filing History
IRS 990 filing history for The Good Shepherd Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Good Shepherd Fund's revenue has grown by 93.7%, moving from $413K to $799K. Total assets increased by 168.4% over the same period, from $3.3M to $8.8M. Total functional expenses rose by 289.7%, from $156K to $609K. In its most recent filing year (2023), The Good Shepherd Fund reported a surplus of $191K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $799K | $609K | $8.8M | $1 | — | — |
| 2022 | $533K | $622K | $8.6M | $1 | — | View 990 |
| 2021 | $939K | $588K | $8.7M | $1 | — | View 990 |
| 2020 | $285K | $576K | $8.4M | $50K | — | View 990 |
| 2019 | $333K | $537K | $8.6M | $1 | — | — |
| 2015 | $2.5M | $450K | $9.2M | $0 | — | View 990 |
| 2014 | $349K | $290K | $7.2M | $0 | — | View 990 |
| 2013 | $243K | $494K | $7.2M | $0 | — | View 990 |
| 2012 | $4.3M | $177K | $7.4M | $0 | — | View 990 |
| 2011 | $413K | $156K | $3.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $799K, expenses of $609K, and assets of $8.8M (revenue +50.0% year-over-year).
- 2022: Revenue of $533K, expenses of $622K, and assets of $8.6M (revenue -43.3% year-over-year).
- 2021: Revenue of $939K, expenses of $588K, and assets of $8.7M (revenue +229.7% year-over-year).
- 2020: Revenue of $285K, expenses of $576K, and assets of $8.4M (revenue -14.5% year-over-year).
- 2019: Revenue of $333K, expenses of $537K, and assets of $8.6M (revenue -86.5% year-over-year).
- 2015: Revenue of $2.5M, expenses of $450K, and assets of $9.2M (revenue +606.2% year-over-year).
- 2014: Revenue of $349K, expenses of $290K, and assets of $7.2M (revenue +43.4% year-over-year).
- 2013: Revenue of $243K, expenses of $494K, and assets of $7.2M (revenue -94.4% year-over-year).
- 2012: Revenue of $4.3M, expenses of $177K, and assets of $7.4M (revenue +952.5% year-over-year).
- 2011: Revenue of $413K, expenses of $156K, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Good Shepherd Fund:
Data Sources and Methodology
This transparency report for The Good Shepherd Fund 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.