Significant decline in total assets over the past decade, from $2,499,619 in 2011 to $1,231,198 currently.
Unusually high expenses in 2022 ($483,763) compared to its typical operating budget and revenue, without clear explanation in the summary data.
Strengths
Consistent filing of IRS 990 forms, indicating good transparency in reporting.
Zero officer compensation reported across all available filings, suggesting lean executive overhead.
Extremely low liabilities ($1 consistently reported), indicating a strong balance sheet in terms of debt.
Spending Breakdown
How Griffis Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Griffis Foundation Inc
Is Griffis Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Griffis Foundation Inc (EIN: 135678764) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
Is Griffis Foundation Inc a good charity to donate to?
Griffis Foundation Inc has a Mission Score of 60/100. Revenue: $68K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Griffis Foundation Inc?
The Employer Identification Number (EIN) for Griffis Foundation Inc is 135678764. 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 Griffis Foundation Inc spend its money?
Griffis Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Griffis Foundation Inc's tax-exempt status?
You can verify Griffis Foundation Inc's tax-exempt status using EIN 135678764 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 Griffis Foundation Inc. appears to be a private foundation, given its consistent asset base and relatively low revenue figures compared to its assets. Its financial health shows a concerning trend of declining assets over the past decade, from $2,499,619 in 2011 to $1,231,198 currently, representing a significant reduction. While the organization consistently reports $1 in liabilities, indicating a strong balance sheet in that regard, its expenses frequently exceed its revenue, as seen in 2023 ($56,120 expenses vs. $52,829 revenue) and dramatically in 2022 ($483,763 expenses vs. $60,406 revenue). This consistent deficit spending, funded by drawing down its asset base, is not sustainable long-term without a significant increase in revenue or reduction in expenses.
The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation suggests that executive costs are not a drain on resources. The organization's transparency is good in terms of filing its IRS 990s consistently, but the lack of detailed expense categories in the provided data limits a deeper analysis of how funds are allocated. The significant asset decline warrants further investigation into the nature of its expenditures and investment performance.
Overall, the foundation exhibits a pattern of spending down its principal, which, while potentially aligned with a specific grant-making strategy, raises questions about its long-term viability and impact if this trend continues. The absence of officer compensation is a positive indicator of lean operational costs at the top.