Quick charity verification for Gainey Foundation (EIN: 205632706)
Verdict: Gainey Foundation appears trustworthy
85/100Mission Score
$11.3MRevenue
$38.0MAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue in most years)
Significant year-over-year revenue volatility
Strengths
Strong asset base ($37,952,097 latest reported)
Minimal liabilities (often $1 or $0)
0% reported officer compensation, indicating high efficiency in executive pay
Consistent spending on programs relative to overall expenses (implied by foundation structure)
Spending Breakdown
How Gainey Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Gainey Foundation
Is Gainey Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gainey Foundation (EIN: 205632706) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Gainey Foundation a good charity to donate to?
Gainey Foundation has a Mission Score of 85/100. Revenue: $11.3M. Assets: $38.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gainey Foundation?
The Employer Identification Number (EIN) for Gainey Foundation is 205632706. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Gainey Foundation spend its money?
Gainey Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gainey Foundation's tax-exempt status?
You can verify Gainey Foundation's tax-exempt status using EIN 205632706 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Gainey Foundation demonstrates consistent financial health with substantial assets, averaging around $37 million in recent years, and minimal liabilities, often reported as $1 or $0. This indicates a strong balance sheet and prudent financial management. However, the foundation has consistently spent more than it has brought in through revenue in recent years, with expenses exceeding revenue in 8 out of the last 10 reported periods. For example, in 2023, expenses were $2,451,616 against revenue of $1,421,386. This operational deficit suggests reliance on investment returns or prior year reserves to cover annual expenditures, which is common for foundations but warrants monitoring. The absence of reported officer compensation across all filings indicates a high degree of transparency and efficiency regarding executive pay, suggesting that leadership may be unpaid or compensated through other means not captured in this specific line item, or that the foundation operates with a volunteer board and no paid executives.