Multiply Goodness

Analysis

Multiply Goodness is a registered charity in United States, based in Kaysville, UT. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Multiply Goodness reported income of $294k and spending of $406k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $492k to $294k (-40%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Multiply Goodness sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within UT. Charities of a similar size with the same main cause include Atlas Scholars ($294k), El Centro Inc ($294k) and Preservation ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $80k (20% of expenses). Other salaries and wages came to $41k. At year end it held assets of $39k against liabilities of $43k, net assets of -$3,723. It reported 3 employees.