Social Good Fund Inc

Analysis

Social Good Fund Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Social Good Fund Inc reported income of $79.5m and spending of $84.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.4m to $79.5m (+170%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Social Good Fund Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Stony Brook Foundation Inc ($79.5m), Oglethorpe University Inc ($79.6m) and University of Saint Francis of Fort Wayne Indiana Inc ($79.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $192k (0.2% of expenses). Other salaries and wages came to $26.6m. At year end it held assets of $71.6m against liabilities of $2.1m, net assets of $69.6m. It reported 689 employees.