Is Gilead Sciences Foundation Legit? —…

Strengths

Consistent asset growth, from $2.5M in 2011 to $162.5M in 2023, demonstrating strong financial health.
0% reported officer compensation across all filings, indicating high efficiency and transparency regarding executive pay.
Strong program focus, with a high percentage of expenses likely directed towards its mission.
Consistent IRS 990 filing history over a decade, showing good governance and compliance.
Substantial asset base ($162.5M in 2023) provides a strong foundation for long-term impact.

Spending Breakdown

How Gilead Sciences Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

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 Gilead Sciences Foundation

Is Gilead Sciences Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Gilead Sciences Foundation (EIN: 201042419) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Gilead Sciences Foundation a good charity to donate to?

Gilead Sciences Foundation has a Mission Score of 92/100. Revenue: $112.0M. Assets: $161.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Gilead Sciences Foundation?

The Employer Identification Number (EIN) for Gilead Sciences Foundation is 201042419. 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 Gilead Sciences Foundation spend its money?

Gilead Sciences Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Gilead Sciences Foundation's tax-exempt status?

You can verify Gilead Sciences Foundation's tax-exempt status using EIN 201042419 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 Gilead Sciences Foundation demonstrates a strong commitment to its program services, as evidenced by its spending patterns. In the most recent filing period (202312), the organization reported expenses of $25,178,789, with a significant portion directed towards its mission. The foundation's assets have grown substantially over the years, from $2,532,912 in 2011 to $162,540,742 in 2023, indicating robust financial health and capacity for future programming. While revenue can fluctuate, as seen with $5,031,327 in 2023 compared to $168,265,797 in 2021, the consistent growth in assets suggests effective management of its financial resources.

The foundation's transparency is commendable, particularly with zero officer compensation reported across all available filings. This indicates that executive leadership is either unpaid or compensated by the parent company, which is a positive sign for donor confidence. The organization's NTEE code B82 (Voluntary Health Associations & Other Health Organizations) aligns with its stated purpose, and the consistent filing of IRS Form 990s over a decade demonstrates adherence to regulatory requirements. The significant increase in assets, especially between 2020 and 2021, suggests substantial contributions or investment gains, further strengthening its financial position.

Overall, the Gilead Sciences Foundation appears to be a financially sound and well-managed organization with a clear focus on its programmatic goals. The absence of executive compensation from its filings is a notable strength in terms of transparency and efficient use of funds. Its substantial asset base provides a strong foundation for sustained impact, despite year-to-year variations in revenue.

Is Gilead Sciences Foundation Legit?

Verdict: Gilead Sciences Foundation appears trustworthy

Red Flags