For Good

What it reported doing in 2024

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.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 97.8%; rating input score 98
• Fundraising efficiency: $80.95 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 28th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 99.1%; rating input score 99; 38th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -13.3%; rating input score 6; 6th percentile among comparable filings
• Total-asset coverage ratio: 0.42; rating input score 15; 15th percentile among comparable filings
• Liabilities to assets ratio: 0.8; rating input score 17; 17th percentile among comparable filings
• Officer compensation ratio: 0.8%; rating input score 79; 79th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited