The Good Nation Foundation Inc

Analysis

The Good Nation Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Good Nation Foundation Inc reported income of $13.6m and spending of $13.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $367k to $13.6m (+3615%), an average of +147% a year. The sharpest change came in the year to December 2020, when income rose by 2274%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Good Nation Foundation Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Lakeshore Community Foundation Inc ($13.6m), Center for Effective Philanthropy Inc ($13.7m) and Chapel & York US Foundation Inc ($13.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.0m against liabilities of $75k, net assets of $1.9m.