Michael E Mcgoldrick Charitable Foundation
Only null% goes to programs Strong reserves Declining revenue
Michael E Mcgoldrick Charitable Foundation is a 501(c)(3) organization based in Carbondale, Colorado, registered in 2024, with $850,078 in FY2024 revenue. CharityIndex grades it F.
Po Box 430, Carbondale, CO, 81623 EIN 92-1057598 Since 2024
Revenue (FY2024)
$850K
▼ 93.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$2.4M
Net assets
$10.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Michael E Mcgoldrick Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating50 mo reserves · -185% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Michael E Mcgoldrick Charitable Foundation: 50 mo reserves · -185% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Michael E Mcgoldrick Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Michael E Mcgoldrick Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 430, Carbondale, CO, 81623
- City
- Carbondale
- State
- Colorado
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $12.3M (FY2023) to $850K (FY2024) across 2 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $6,876Net assets $10.2M
Operating margin
-185.2%
Spent more than it raised in the latest fiscal year.
Total assets
$10.2M
Total liabilities
$6,876
Net assets
$10.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $850,078▼93.1% | $2,424,142▲377% | $10,189,032▼13.4% | $10,195,908▼13.4% | 990PF |
| 2023 | $12,271,628 | $508,532 | $11,763,096 | $11,767,154 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Michael E Mcgoldrick Charitable Foundation a legitimate nonprofit?
- Yes. Michael E Mcgoldrick Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 92-1057598, based in Carbondale, Colorado. Donations are tax-deductible.
- What is Michael E Mcgoldrick Charitable Foundation's EIN?
- Michael E Mcgoldrick Charitable Foundation's Employer Identification Number (EIN) is 92-1057598.
- How much revenue does Michael E Mcgoldrick Charitable Foundation report?
- Michael E Mcgoldrick Charitable Foundation reported $850,078 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michael E Mcgoldrick Charitable Foundation have?
- CharityIndex grades Michael E Mcgoldrick Charitable Foundation F, based on financial health (reserves and operating margin).
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Data for Michael E Mcgoldrick Charitable Foundation (EIN 92-1057598) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.