Quick charity verification for Gerrity Foundation Charitable Tr (EIN: 141834635)
Verdict: Gerrity Foundation Charitable Tr shows mixed signals
65/100Mission Score
$24KRevenue
$98KAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending (expenses exceeding revenue) across multiple years.
Declining asset base over the past decade, from $173,246 in 2011 to $100,563 in 2023.
Strengths
Zero officer compensation reported, indicating efficient use of funds at the executive level.
Consistent revenue generation, albeit not always covering expenses.
Stable liabilities, suggesting no significant debt accumulation.
Spending Breakdown
How Gerrity Foundation Charitable Tr allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
20%
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 Gerrity Foundation Charitable Tr
Is Gerrity Foundation Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Gerrity Foundation Charitable Tr (EIN: 141834635) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is Gerrity Foundation Charitable Tr a good charity to donate to?
Gerrity Foundation Charitable Tr has a Mission Score of 65/100. Revenue: $24K. Assets: $98K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gerrity Foundation Charitable Tr?
The Employer Identification Number (EIN) for Gerrity Foundation Charitable Tr is 141834635. 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 Gerrity Foundation Charitable Tr spend its money?
Gerrity Foundation Charitable Tr allocates 80% to programs, 20% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gerrity Foundation Charitable Tr's tax-exempt status?
You can verify Gerrity Foundation Charitable Tr's tax-exempt status using EIN 141834635 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 Gerrity Foundation Charitable Tr appears to be a small, private foundation operating with consistent revenue streams, primarily from investments, given its NTEE code T20 (Private Grantmaking Foundations). Over the past several years, the organization has consistently reported expenses exceeding its revenue, leading to a gradual decline in its asset base. For instance, in 2023, revenue was $24,300 while expenses were $31,349, resulting in a deficit. This trend is visible across most of its filing history, indicating that the foundation is spending down its principal or relying on investment returns that are not fully covering its grantmaking and operational costs.
The foundation demonstrates strong transparency regarding executive compensation, reporting 0% officer compensation across all available filings. This suggests that the foundation is likely managed by volunteers or through administrative services that are not directly compensated as officers. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency, particularly the ratio of program spending to administrative and fundraising costs. The consistent liabilities of around $2,832 in recent years are a minor concern but not significant given the asset base.
Overall, while the foundation is transparent about its lack of executive compensation, its financial health shows a pattern of spending more than it earns, which is unsustainable in the long term without a change in strategy or an increase in revenue. Its small size and consistent operations suggest a focused approach, but the declining asset base warrants attention.