GuideStar’s mission is to revolutionize philanthropy by providing information that advances transparency, enables users to make better decisions, and encourages charitable giving.
General company ifno:
Year of founded: 1994
Zip Code: 20006
Employees: 51-200
In sector: Governance
Revenue Sources: Data analysis for clients, Database licensing, Philanthropic grants, Software licensing, Subscriptions, User fees for web or mobile access
Social Impact:
Description:
We believe a strong nonprofit information infrastructure enables a social sector strong enough to tackle the great challenges of our time. GuideStar provides the key scaffolding – data, information, and knowledge – to enable effective philanthropy: better giving decisions, more effective programs, and measurable impact. We do that by gathering and disseminating information about every single IRS-registered nonprofit organization. We provide as much information as we can about each nonprofit’s mission, legitimacy, impact, reputation, finances, programs, transparency, governance, and so much more. We do that so people can make the best decisions possible based on high-quality, comprehensive information.
Financial Info:
GuideStar has had multi-million dollar turnarounds in cash flow and operating income over the past two years. Although total top-line revenue has been flat or slightly decreasing, we have made a concerted effort to tighten our belt by adopting a more financially astute culture. While not taking away services, but actually increasing them, we were able to reduce expenses by $1.7 million. We posted GAAP operating income of $1.3 million compared to a loss of $1 million over the prior 17 years, and cash flow during the turnaround was $1.1 million compared to $1.4 million over the previous 17 years.