Is Gregory L Gibson Charitable Foundation Inc Legit?
Quick charity verification for Gregory L Gibson Charitable Foundation Inc (EIN: 10852643)
Verdict: Gregory L Gibson Charitable Foundation Inc appears trustworthy
95/100Mission Score
$3.5MRevenue
$10.4MAssets
1Red Flags
4Strengths
Red Flags
Zero officer compensation for an organization with over $8 million in assets could indicate reliance on external support or an unusual operational model that might not be sustainable long-term without paid staff.
Strengths
Consistent and significant asset growth, from $2,161,544 in 2011 to $8,215,739 in 2023, demonstrating strong financial management.
Zero reported officer compensation across all filings, indicating a highly efficient and mission-focused use of funds.
Expenses consistently represent a small percentage of revenue, suggesting a high proportion of funds are available for programmatic activities or asset building.
Low liabilities ($1 in recent years), indicating a very stable financial position.
Spending Breakdown
How Gregory L Gibson Charitable 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
0%
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 L Gibson Charitable Foundation Inc
Is Gregory L Gibson Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gregory L Gibson Charitable Foundation Inc (EIN: 10852643) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is Gregory L Gibson Charitable Foundation Inc a good charity to donate to?
Gregory L Gibson Charitable Foundation Inc has a Mission Score of 95/100. Revenue: $3.5M. Assets: $10.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gregory L Gibson Charitable Foundation Inc?
The Employer Identification Number (EIN) for Gregory L Gibson Charitable Foundation Inc is 10852643. 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 L Gibson Charitable Foundation Inc spend its money?
Gregory L Gibson Charitable 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 L Gibson Charitable Foundation Inc's tax-exempt status?
You can verify Gregory L Gibson Charitable Foundation Inc's tax-exempt status using EIN 10852643 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 L Gibson Charitable Foundation Inc demonstrates strong financial health and a clear commitment to its mission, as evidenced by its consistent growth in assets and revenue over the past decade. The organization's assets have grown from $2,161,544 in 2011 to $8,215,739 in 2023, indicating effective asset management and sustainability. Revenue has also shown a positive trend, with the latest reported revenue at $1,471,794 in 2023.
The foundation exhibits excellent spending efficiency, with expenses consistently representing a small fraction of its revenue. For instance, in 2023, expenses were $612,219 against revenue of $1,471,794, suggesting a high proportion of funds are retained or directly applied to programmatic activities. The absence of reported officer compensation across all filings further enhances its transparency and indicates that resources are not being diverted to executive salaries. This operational model suggests a lean administrative structure, maximizing the impact of donations.
Overall, the Gregory L Gibson Charitable Foundation Inc appears to be a well-managed and financially sound organization. Its consistent asset growth, low expense ratios relative to revenue, and zero officer compensation point to a highly efficient and transparent operation focused on its charitable objectives. The foundation's financial trajectory suggests a sustainable model for long-term impact.