Is Gambino Medical & Science Foundation Inc Legit?
Quick charity verification for Gambino Medical & Science Foundation Inc (EIN: 133586460)
Verdict: Gambino Medical & Science Foundation Inc appears trustworthy
70/100Mission Score
$1.2MRevenue
$508KAssets
2Red Flags
3Strengths
Red Flags
Frequent operational deficits, with expenses exceeding revenue in 2023, 2021, 2015, and 2013.
Significant fluctuation in assets, from a high of $898,724 to a low of $329,989, without clear explanation in the provided data.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds and strong transparency regarding leadership pay.
Maintains relatively low liabilities across all reported periods, suggesting sound debt management.
Consistently generates over $500,000 in annual revenue, demonstrating a stable base of support.
Spending Breakdown
How Gambino Medical & Science Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Gambino Medical & Science Foundation Inc
Is Gambino Medical & Science Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gambino Medical & Science Foundation Inc (EIN: 133586460) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Gambino Medical & Science Foundation Inc a good charity to donate to?
Gambino Medical & Science Foundation Inc has a Mission Score of 70/100. Revenue: $1.2M. Assets: $508K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gambino Medical & Science Foundation Inc?
The Employer Identification Number (EIN) for Gambino Medical & Science Foundation Inc is 133586460. 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 Gambino Medical & Science Foundation Inc spend its money?
Gambino Medical & Science Foundation Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gambino Medical & Science Foundation Inc's tax-exempt status?
You can verify Gambino Medical & Science Foundation Inc's tax-exempt status using EIN 133586460 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 Gambino Medical & Science Foundation Inc. demonstrates a mixed financial picture. While the organization has consistently generated over half a million dollars in revenue annually, its expenses have often exceeded revenue, as seen in 2023 where expenses of $1,277,506 outstripped revenue of $946,264. This trend of deficit spending is also evident in 2021, 2015, and 2013, indicating potential challenges in maintaining financial equilibrium. The foundation's assets have fluctuated, from a high of $898,724 in 2014 to a low of $329,989 in 2023, suggesting inconsistent asset growth or significant asset utilization.
Regarding spending efficiency, without detailed breakdowns of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent reporting of 0% officer compensation across all available filings is a positive indicator for transparency and efficient use of funds, as it suggests that leadership is not drawing a salary from the organization. This practice can free up more resources for programmatic activities. The relatively low liabilities across all periods also point to sound financial management in terms of debt.
Overall, the organization appears to be transparent regarding executive compensation, which is a strong point. However, the recurring operational deficits warrant closer examination to ensure long-term sustainability. The fluctuation in assets and the consistent spending exceeding revenue in several years suggest that while the organization is active, its financial health could benefit from strategies to stabilize revenue streams or control expenses more effectively to build reserves.