Is Grantmakers In Aging Inc Legit? —…

Strengths

Consistent reporting of 0% officer compensation, indicating high transparency or efficient use of funds at the executive level.
Healthy asset-to-liability ratio, with assets consistently exceeding liabilities (e.g., $2,481,115 assets vs. $230,318 liabilities in 2023).
Positive net income in recent years (e.g., $127,775 surplus in 2023), demonstrating financial stability and growth.
Long history of IRS 990 filings (13 filings), indicating consistent compliance and public disclosure.
Growth in revenue in the most recent period (2023 revenue of $2,036,121, up from $1,620,901 in 2022).

Spending Breakdown

How Grantmakers In Aging Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

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 Grantmakers In Aging Inc

Is Grantmakers In Aging Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Grantmakers In Aging Inc (EIN: 134014982) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

Is Grantmakers In Aging Inc a good charity to donate to?

Grantmakers In Aging Inc has a Mission Score of 85/100. Revenue: $2.7M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Grantmakers In Aging Inc?

The Employer Identification Number (EIN) for Grantmakers In Aging Inc is 134014982. 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 Grantmakers In Aging Inc spend its money?

Grantmakers In Aging Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Grantmakers In Aging Inc's tax-exempt status?

You can verify Grantmakers In Aging Inc's tax-exempt status using EIN 134014982 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

Grantmakers In Aging Inc demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history. For instance, in 2023, assets were $2,481,115 against liabilities of $230,318, indicating a healthy balance sheet. The organization has shown fluctuations in revenue and expenses over the years, with a notable increase in revenue to $2,036,121 in 2023 from $1,620,901 in 2022, while expenses remained relatively controlled at $1,908,346. This suggests effective management of operational costs relative to income in recent periods. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and potentially efficient use of funds, as it suggests that top leadership is either unpaid or compensated through other means not categorized as officer compensation, which warrants further investigation for complete understanding.

Spending efficiency appears reasonable, with expenses generally aligning with or slightly below revenue in recent years, preventing significant deficits. For example, in 2023, revenue exceeded expenses by over $100,000. However, there have been periods of deficit spending, such as in 2022 where expenses ($1,727,691) surpassed revenue ($1,620,901), and more significantly in 2015, 2016, 2017, and 2018. The organization's ability to recover from these periods and build its asset base, reaching $3,021,330 in latest reported assets, suggests financial resilience. The NTEE code P81 (Philanthropy, Voluntarism, and Grantmaking Foundations) indicates its role in supporting other nonprofits, which inherently involves administrative functions to facilitate grantmaking and collaboration among funders. The lack of detailed program, administrative, and fundraising expense breakdowns in the provided data prevents a precise assessment of spending efficiency ratios, but the overall financial trends are positive.

Transparency regarding executive compensation is high, with 0% reported for officer compensation. However, without a detailed functional expense breakdown (program, administrative, fundraising), a full assessment of spending efficiency and how funds are allocated across its mission-related activities versus overhead is limited. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and public disclosure of financial information.

Is Grantmakers In Aging Inc Legit?

Verdict: Grantmakers In Aging Inc appears trustworthy

Red Flags