Foundation for Good Business

Analysis

Foundation for Good Business is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1989, 37 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, Foundation for Good Business reported income of $103k and spending of $89k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $103k (+5.5%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Good Business sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Charture Institute ($103k), Michigan Environmental Health Association Inc ($103k) and Rhode Island Charities Trust ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $583k against liabilities of $0, net assets of $583k.