Quick charity verification for Gibbons Family Foundation Incorporated (EIN: 200506294)
Verdict: Gibbons Family Foundation Incorporated appears trustworthy
75/100Mission Score
$78KRevenue
$92KAssets
2Red Flags
3Strengths
Red Flags
Significant net losses in fiscal years 2021 and 2022, where expenses ($202,687 and $201,488 respectively) substantially exceeded revenues ($108,642 and $111,483).
Fluctuating asset base, decreasing from $463,879 in 2020 to $134,839 in 2022, indicating potential instability or significant grant disbursements without corresponding revenue.
Strengths
Consistent reporting of 0% officer compensation across all nine filings, demonstrating excellent financial stewardship regarding executive pay.
Minimal liabilities ($0 or $1) reported consistently, indicating a healthy balance sheet free from significant debt.
Positive net income in the most recent filing (2023), with revenue ($104,066) exceeding expenses ($101,500), suggesting a recent financial recovery.
Spending Breakdown
How Gibbons Family Foundation Incorporated allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Gibbons Family Foundation Incorporated
Is Gibbons Family Foundation Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Gibbons Family Foundation Incorporated (EIN: 200506294) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Gibbons Family Foundation Incorporated a good charity to donate to?
Gibbons Family Foundation Incorporated has a Mission Score of 75/100. Revenue: $78K. Assets: $92K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gibbons Family Foundation Incorporated?
The Employer Identification Number (EIN) for Gibbons Family Foundation Incorporated is 200506294. 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 Gibbons Family Foundation Incorporated spend its money?
Gibbons Family Foundation Incorporated allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gibbons Family Foundation Incorporated's tax-exempt status?
You can verify Gibbons Family Foundation Incorporated's tax-exempt status using EIN 200506294 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 Gibbons Family Foundation Incorporated demonstrates a mixed financial picture. While the organization has consistently reported zero officer compensation across all available filings, indicating good stewardship regarding executive pay, its financial stability has fluctuated. For instance, in fiscal year 2022, expenses significantly outpaced revenue ($201,488 vs. $111,483), leading to a substantial net loss and a decrease in assets from $275,867 in 2021 to $134,839 in 2022. This trend of expenses exceeding revenue was also observed in 2021. However, the most recent filing (2023) shows a positive turnaround, with revenue ($104,066) slightly exceeding expenses ($101,500), and assets increasing to $111,142. The foundation's consistent reporting of minimal liabilities ($1 or $0) across all periods suggests a healthy balance sheet in terms of debt, but the volatility in net income and asset levels warrants close monitoring.
The organization's transparency is commendable given the consistent reporting of zero officer compensation, which is a key indicator for many donors. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, it's challenging to fully assess spending efficiency. The NTEE code T22 (Private Grantmaking Foundations) suggests its primary activity is making grants, which typically implies a high program spending ratio. The foundation's asset base has seen significant fluctuations, peaking at $463,879 in 2020 after a large revenue year ($363,772), and then declining before a recent modest recovery. This indicates that its financial health is highly dependent on its annual revenue generation.