Forgood Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO INCREASE CHARITABLE GIVING TO NONPROFITS BY PROVIDING THE PUBLIC WITH AN EASY, SAFE, AND EFFICIENT WAY TO RECOMMEND GRANTS TO THE PUBLIC CHARITY OF THEIR CHOICE.
- Income
- $204.4 million
- Spending
- $231.6 million
- Spent on programs
- 98%
- Reserves
- 0.9 months of spending
- Largest source of income
- donations and private grants, 99%
- Employees
- 15
- Volunteers
- 6
- Highest pay
- $386,713, ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 25 out of 100.
Reserves
4 of 35Spendable reserves would cover 0.9 months of spending.
Debt
2 of 20It owes 80% of what it owns.
Living within its means
4 of 15Spending exceeded income by 13% of income.
Income trend
0 of 15Income fell 40% on the year before.
Spending floor
15 of 1598% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 93 out of 100.
Independent board
18 of 254 of 4 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $223.6 million spent. WHAT WE'VE ACCOMPLISHED:- EXCEEDED $5.4 BILLION IN CUMULATIVE DONATIONS RAISED FOR CLOSE TO 446,000 NONPROFITS SINCE INCEPTION.- RAISED $202 MILLION IN DONATIONS IN 2024 TO OVER 22,000 DIFFERENT NONPROFITS.- PROVIDED TENS OF MILLIONS IN CRITICAL FUNDING TO MEET THE NEEDS OF CHARITIES IN A YEAR OF CONTINUED UNPRECEDENTED NEED WHERE CLIMATE-DRIVEN DISASTERS IMPACT COMMUNITIES ACROSS THE COUNTRY. MONEY SUPPORTED COMMUNITY RELIEF INCLUDING FOOD BANKS, DISASTER RESPONSE ORGANIZATIONS, AND OTHER CRITICAL SOCIAL SERVICE ORGANIZATIONS THAT FRONTLINE COMMUNITIES DEPEND ON FOR SUPPORT.- FOR CORPORATIONS AND ORGANIZATIONS THAT WANT TO DO GOOD, WE INVESTED IN STREAMLINING OUR OPERATIONS TO IMPROVE HOW WE SUPPORT PARTNERS WHO HAVE CONSUMER GIVING PROGRAMS BY GIVING TO AND RECOMMENDING GRANTS FROM OUR DONOR ADVISED FUND OR USING OUR IFRAME, AND WEBLINKS PRODUCTS. THIS INCLUDES COMPLIANCE WITH AB488 AND OTHER BEST PRACTICES FOR SAFELY AND SECURELY HELPING DONORS SUPPORT THE CHARITIES THEY CARE ABOUT.- CREATED A SPECIFIC BUSINESS UNIT TO CREATE A THRIVING AND IMPACTFUL PHILANTHROPY SECTOR SUPPORTED BY SEAMLESS COLLABORATION BETWEEN GIVING PLATFORMS FOCUSING ON BUILDING COMMUNITY AND SHARING RESOURCES.- CONTINUED TO EXPLORE WAYS WE CAN EXPAND ON OUR MISSION. THIS WORK INCLUDED CONTINUED LEARNING SESSIONS WITH EXECUTIVES ACROSS PHILANTHROPY, TECHNOLOGY, AND INNOVATION.
- $2.6 million spent. - DURING THE YEAR, WE EXECUTED THE STRATEGIC PLAN INITIATED IN THE PRIOR PERIOD BY FORMING AND SPINNING OUT A NEW PARENT ORGANIZATION. THIS ENTITY WAS ESTABLISHED TO CONTINUE ADVANCING OUR MISSION OF DEPLOYING DURABLE CAPITAL TOWARD COMMUNITY-ALIGNED, SUSTAINABLE OUTCOMES IN THE SOCIAL SECTOR. THE NEW STRUCTURE IS DESIGNED TO ENHANCE IMPACT, SUSTAINABILITY, AND LONG-TERM ALIGNMENT WITH FIELDWIDE GOALS.
- $256,307 spent. - FORMALIZED A PROJECT TO CREATE A GIVING PLATFORM COLLABORATIVE TO ENHANCE A THRIVING AND IMPACTFUL PHILANTHROPY SECTOR FOR GIVING PLATFORMS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2001.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.