Is Gregory Family Foundation Inc Legit? —…

Quick charity verification for Gregory Family Foundation Inc (EIN: 133524895)

Spending Breakdown

How Gregory Family Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

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 Gregory Family Foundation Inc

Is Gregory Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Gregory Family Foundation Inc (EIN: 133524895) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.

Is Gregory Family Foundation Inc a good charity to donate to?

Gregory Family Foundation Inc has a Mission Score of 85/100. Revenue: $229K. Assets: $183K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Gregory Family Foundation Inc?

The Employer Identification Number (EIN) for Gregory Family Foundation Inc is 133524895. 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 Gregory Family Foundation Inc spend its money?

Gregory Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Gregory Family Foundation Inc's tax-exempt status?

You can verify Gregory Family Foundation Inc's tax-exempt status using EIN 133524895 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 Gregory Family Foundation Inc. operates as a private foundation, as indicated by its NTEE code T20. Its financial activity shows significant variability in revenue and expenses over the past decade. For instance, in 2019, it reported a substantial revenue of $141,469 against expenses of $11,463, leading to asset growth. However, other years, such as 2022, show expenses ($15,938) significantly exceeding revenue ($3,906), resulting in a draw-down of assets. The foundation consistently reports zero officer compensation across all available filings, which is a positive indicator for donor confidence regarding administrative overhead.

The foundation's asset base has shown a general declining trend over the long term, from $285,762 in 2011 to $134,603 in 2023, despite occasional increases. This suggests that the foundation is primarily distributing its assets rather than significantly growing its endowment. The consistent low liabilities ($315) across all periods indicate sound financial management regarding debt. Given its nature as a private foundation, its primary function is often grant-making, and the lack of detailed program spending breakdowns in the provided data makes a precise assessment of program efficiency challenging without further information on its grant distributions.

Overall, the foundation demonstrates good transparency by consistently filing its IRS Form 990s. The absence of officer compensation is a strong point, suggesting that resources are not being diverted to executive salaries. However, the fluctuating revenue and expense patterns, coupled with a long-term decline in assets, suggest a foundation that is actively distributing its funds, which is typical for a private foundation, but also highlights a reliance on existing capital rather than consistent new fundraising.

Is Gregory Family Foundation Inc Legit?

Verdict: Gregory Family Foundation Inc appears trustworthy

Red Flags

Strengths