William P Goldman & Brothers Foundation Inc
William P Goldman & Brothers Foundation consistently maintains strong assets and zero executive compensation.
EIN: 136163100 · Arlington, MA · Updated: 2026-03-28
Is William P Goldman & Brothers Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William P Goldman & Brothers Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William P Goldman & Brothers Foundation Inc
William P Goldman & Brothers Foundation Inc (EIN: 136163100) is a nonprofit organization based in Arlington, MA. The organization reported total revenue of $2.3M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William P Goldman & Brothers Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William P Goldman & Brothers Foundation Inc is a mid-size nonprofit that has been operating for 74 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $507K |
| Total Expenses | $365K |
| Surplus / Deficit | +$142K |
| Total Assets | $7.5M |
| Total Liabilities | $500 |
| Net Assets | $7.5M |
| Operating Margin | 28.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 247.4 months |
Financial Health Grade: A
In 2023, William P Goldman & Brothers Foundation Inc reported a surplus of $142K with revenue exceeding expenses, holds 247.4 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), William P Goldman & Brothers Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.8% | -13.9% | +5.0% |
| 2022 | +1.0% | -0.7% | -12.7% |
| 2021 | +112.5% | +20.6% | +9.6% |
| 2020 | -67.5% | -16.6% | -8.6% |
| 2019 | -44.7% | -17.6% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
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 William P Goldman & Brothers Foundation Inc with a Mission Score of 90 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: 95%
- fundraising: 0%
According to IRS 990 filings, William P Goldman & Brothers Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $142K, 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 no officers receive salaries from the foundation, which is highly efficient for an organization with assets exceeding $7 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 William P Goldman & Brothers Foundation Inc's IRS 990 filings:
- NTEE Code Unknown (limits understanding of specific programmatic focus)
Strengths
The following positive indicators were identified for William P Goldman & Brothers Foundation Inc:
- Zero officer compensation across all reported periods
- Consistent asset growth and strong financial reserves (e.g., $7,517,206 in 2023)
- Expenses consistently below revenue, indicating prudent financial management
- High spending efficiency due to minimal administrative overhead (implied by zero officer comp)
Frequently Asked Questions about William P Goldman & Brothers Foundation Inc
Is William P Goldman & Brothers Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, William P Goldman & Brothers Foundation Inc (EIN: 136163100) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does William P Goldman & Brothers Foundation Inc spend its money?
William P Goldman & Brothers Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to William P Goldman & Brothers Foundation Inc tax-deductible?
William P Goldman & Brothers Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136163100). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is William P Goldman & Brothers Foundation Inc a good charity?
Based on the provided data, the foundation appears to be a very good charity. It consistently maintains strong assets, manages expenses prudently, and most notably, reports 0% officer compensation, meaning all operational funds are directed towards its mission.
How does the foundation manage its expenses relative to its revenue?
The foundation generally manages its expenses well below its revenue, as seen in 2023 where expenses were $364,584 against revenue of $506,954, allowing for asset growth and financial stability.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent growth over the past decade, from $7,115,426 in 2011 to $7,517,206 in 2023, indicating sound financial management and investment strategies.
Filing History
IRS 990 filing history for William P Goldman & Brothers Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William P Goldman & Brothers Foundation Inc's revenue has grown by 35.3%, moving from $375K to $507K. Total assets increased by 5.6% over the same period, from $7.1M to $7.5M. Total functional expenses rose by 3.8%, from $351K to $365K. In its most recent filing year (2023), William P Goldman & Brothers Foundation Inc reported a surplus of $142K, with revenue exceeding expenses. The organization holds $500 in liabilities against $7.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $507K | $365K | $7.5M | $500 | — | — |
| 2022 | $343K | $423K | $7.2M | $1 | — | View 990 |
| 2021 | $339K | $426K | $8.2M | $8 | — | View 990 |
| 2020 | $160K | $353K | $7.5M | $1 | — | — |
| 2019 | $491K | $423K | $8.2M | $1 | — | View 990 |
| 2015 | $887K | $514K | $7.6M | $7K | — | View 990 |
| 2014 | $543K | $461K | $7.7M | $11K | — | View 990 |
| 2013 | $371K | $434K | $7.5M | $4K | — | View 990 |
| 2012 | $539K | $408K | $7.4M | $7K | — | View 990 |
| 2011 | $375K | $351K | $7.1M | $250 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $507K, expenses of $365K, and assets of $7.5M (revenue +47.8% year-over-year).
- 2022: Revenue of $343K, expenses of $423K, and assets of $7.2M (revenue +1.0% year-over-year).
- 2021: Revenue of $339K, expenses of $426K, and assets of $8.2M (revenue +112.5% year-over-year).
- 2020: Revenue of $160K, expenses of $353K, and assets of $7.5M (revenue -67.5% year-over-year).
- 2019: Revenue of $491K, expenses of $423K, and assets of $8.2M (revenue -44.7% year-over-year).
- 2015: Revenue of $887K, expenses of $514K, and assets of $7.6M (revenue +63.5% year-over-year).
- 2014: Revenue of $543K, expenses of $461K, and assets of $7.7M (revenue +46.2% year-over-year).
- 2013: Revenue of $371K, expenses of $434K, and assets of $7.5M (revenue -31.2% year-over-year).
- 2012: Revenue of $539K, expenses of $408K, and assets of $7.4M (revenue +43.9% year-over-year).
- 2011: Revenue of $375K, expenses of $351K, and assets of $7.1M.
Data Sources and Methodology
This transparency report for William P Goldman & Brothers 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.