Degood Foundation

Analysis

Degood Foundation is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Degood Foundation reported income of $210k and spending of $188k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $210k (+187%), an average of +187% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Degood Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within VA. Charities of a similar size with the same main cause include Patriot Sports Club ($210k), Wilton Youth Baseball Inc ($210k) and Boys & Girls Club of Pleasants County Inc ($210k).

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 $12k (6.4% of expenses). At year end it held assets of $95k against liabilities of $5,986, net assets of $89k. It reported 1 employees.