Good Institute

Analysis

Good Institute is a registered charity in United States, based in El Cerrito, CA. It received its IRS tax-exemption ruling in May 2005, 21 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Good Institute reported income of $1.1m and spending of $1.6m, spending 138% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $4.5m to $1.1m (-75%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Good Institute sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Hopkins Youth Hockey Association ($1.1m), Boys & Girls Club of El Dorado ($1.1m) and Cedar Lakes Woods & Gardens Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $312k (20% of expenses). At year end it held assets of $922k against liabilities of $971k, net assets of -$48k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.