Good Plus Foundation Inc

Analysis

Good Plus Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Plus Foundation Inc reported income of $21.9m and spending of $21.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.3m to $21.9m (+112%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Plus Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Young Mens Christian Association of Eugene ($21.8m), Shelby Residential and Vocational Services Inc ($21.9m) and St Annes Retirement Community Inc ($21.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $736k (3.4% of expenses). Other salaries and wages came to $1.2m. It paid $75k in professional fundraising fees. At year end it held assets of $9.3m against liabilities of $1.9m, net assets of $7.4m. It reported 29 employees.