Unusually high assets relative to recent annual revenue and expenses, suggesting a large endowment that may not be fully utilized for current programs or that current operations are heavily subsidized by it.
Consistent 0% officer compensation, which, while seemingly positive, can sometimes mask compensation structures or indicate a lack of professional leadership in a large organization.
Strengths
Substantial asset base ($99,033,449) providing financial stability and potential for future growth.
Consistently low liabilities ($0-$1 in most recent filings), indicating strong balance sheet management.
No reported officer compensation, suggesting resources are not diverted to executive salaries.
Spending Breakdown
How Great Island Foundation 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 Great Island Foundation
Is Great Island Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Great Island Foundation (EIN: 134049061) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Great Island Foundation a good charity to donate to?
Great Island Foundation has a Mission Score of 65/100. Revenue: $114.2M. Assets: $99.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Great Island Foundation?
The Employer Identification Number (EIN) for Great Island Foundation is 134049061. 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 Great Island Foundation spend its money?
Great Island Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Great Island Foundation's tax-exempt status?
You can verify Great Island Foundation's tax-exempt status using EIN 134049061 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 Great Island Foundation exhibits a fluctuating financial performance over the past decade, with recent years showing expenses exceeding revenue. For instance, in 2023, expenses were $3,363,181 against revenues of $3,016,233, and in 2022, expenses were $2,334,305 against revenues of $1,016,055. This trend of deficit spending in multiple periods raises questions about long-term sustainability, despite substantial assets of $99,033,449. The organization consistently reports 0% officer compensation, which is a positive indicator of resource allocation towards its mission rather than executive pay. However, without detailed program, administrative, and fundraising expense breakdowns from the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of minimal liabilities ($0-$1 in most recent filings) suggests good financial management in terms of debt, but the overall financial health is impacted by the recurring operational deficits.