A Greater Good Foundation

Analysis

A Greater Good Foundation is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in February 2017, 9 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 (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, A Greater Good Foundation reported income of $205k and spending of $197k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $132k to $205k (+55%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, A Greater Good Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within IN. Charities of a similar size with the same main cause include South Pasadena Tournament of Roses Association ($205k), Albion Reinvestment Corporation ($205k) and Junior League of Atlanta Endowment Fund ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (48% of expenses). At year end it held assets of $159k against liabilities of $72k, net assets of $87k.