Random Good Foundation Inc

Analysis

Random Good Foundation Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 November 2023, Random Good Foundation Inc reported income of $295k and spending of $1.7m, spending 582% of what it took in. Across the 3 years on record, from November 2021 to November 2023, income fell from $8.3m to $295k (-96%), an average of -81% a year. The sharpest change came in the year to November 2022, when income dropped by 98%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Random Good Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Textile Museum of D C ($295k), Ashland News ($295k) and Aspire Conservatory of Fine & Performing Arts Inc ($295k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $4.1m against liabilities of -$22k, net assets of $4.1m.