Quick charity verification for Greater Gilmer Community Foundation Inc (EIN: 208808662)
Verdict: Greater Gilmer Community Foundation Inc appears trustworthy
90/100Mission Score
$142KRevenue
$533KAssets
1Red Flags
5Strengths
Red Flags
No specific program spending breakdown provided in the available data, making it difficult to precisely assess program efficiency beyond overall expenses.
Strengths
Consistent revenue growth, from $90,685 in 2019 to $136,802 in 2023.
Significant asset accumulation, growing from $390,431 in 2019 to $470,148 in 2023.
Zero officer compensation reported across all filings, indicating high dedication of funds to mission.
Expenses consistently well below revenue, suggesting prudent financial management and reserve building.
Decreasing liabilities trend, from $103,400 in 2019 to $2,000 in 2023, improving financial stability.
Spending Breakdown
How Greater Gilmer Community Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Greater Gilmer Community Foundation Inc
Is Greater Gilmer Community Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Gilmer Community Foundation Inc (EIN: 208808662) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Greater Gilmer Community Foundation Inc a good charity to donate to?
Greater Gilmer Community Foundation Inc has a Mission Score of 90/100. Revenue: $142K. Assets: $533K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greater Gilmer Community Foundation Inc?
The Employer Identification Number (EIN) for Greater Gilmer Community Foundation Inc is 208808662. 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 Greater Gilmer Community Foundation Inc spend its money?
Greater Gilmer Community Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greater Gilmer Community Foundation Inc's tax-exempt status?
You can verify Greater Gilmer Community Foundation Inc's tax-exempt status using EIN 208808662 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
Greater Gilmer Community Foundation Inc demonstrates a consistent pattern of financial growth and prudent management. Over the past five years, the organization's revenue has steadily increased from $90,685 in 2019 to $136,802 in 2023, while assets have grown significantly from $390,431 to $470,148 in the same period. This indicates a healthy accumulation of resources to support its mission. The foundation's spending efficiency appears strong, with expenses in 2023 ($62,293) being less than half of its revenue, suggesting a focus on building reserves or investing in future programs. The consistent reporting of 0% officer compensation across all available filings highlights a commitment to directing funds towards community initiatives rather than executive salaries, enhancing its transparency and public trust. The organization's financial health is robust, marked by increasing assets and a positive net income trend.