Is Gerry Foundation Inc Legit?

Spending Breakdown

How Gerry Foundation Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Gerry Foundation Inc

Is Gerry Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Gerry Foundation Inc (EIN: 141798234) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Gerry Foundation Inc a good charity to donate to?

Gerry Foundation Inc has a Mission Score of 75/100. Revenue: $16.6M. Assets: $108.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Gerry Foundation Inc?

The Employer Identification Number (EIN) for Gerry Foundation Inc is 141798234. 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 Gerry Foundation Inc spend its money?

Gerry Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Gerry Foundation Inc's tax-exempt status?

You can verify Gerry Foundation Inc's tax-exempt status using EIN 141798234 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 Gerry Foundation Inc. demonstrates a mixed financial picture. While the organization maintains substantial assets, consistently over $100 million in recent years, its revenue has been volatile, ranging from a negative figure in 2011 to over $17 million in 2013. In the most recent filing (202312), expenses ($10,216,870) significantly exceeded revenue ($6,278,007), indicating a deficit spending pattern. This trend of expenses often surpassing revenue is visible in multiple periods, such as 202212 and 201912, suggesting reliance on existing assets or other funding sources to cover operational costs. The consistent reporting of 0% officer compensation across all available filings is a notable positive for transparency and efficient use of funds, indicating that leadership is not drawing salaries from the organization's budget.

However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The large asset base, particularly the $107,244,998 in assets reported in 202312, provides a strong financial cushion, but the sustained operational deficits raise questions about long-term financial sustainability if not addressed. The organization's liabilities have remained relatively low, which is a positive indicator of financial management. Overall, while the lack of executive compensation is commendable, the recurring operational deficits warrant closer examination to understand how the organization plans to sustain its activities.

Verdict: Gerry Foundation Inc appears trustworthy

Red Flags

Strengths