Quick charity verification for Grosevnor Foundation Inc (EIN: 134104304)
Verdict: Grosevnor Foundation Inc appears trustworthy
92/100Mission Score
$939KRevenue
$2.4MAssets
1Red Flags
5Strengths
Red Flags
Highly volatile annual revenue, making future income projections difficult.
Strengths
Consistent asset growth, reaching $2,292,303 in 2023.
Extremely low liabilities ($1 across all filings), indicating strong financial stability.
0% officer compensation reported across all filings, demonstrating a strong commitment to mission efficiency.
Expenses consistently well below revenue in most recent years, allowing for asset accumulation.
Excellent transparency with a complete and consistent filing history.
Spending Breakdown
How Grosevnor 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 Grosevnor Foundation Inc
Is Grosevnor Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grosevnor Foundation Inc (EIN: 134104304) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Grosevnor Foundation Inc a good charity to donate to?
Grosevnor Foundation Inc has a Mission Score of 92/100. Revenue: $939K. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grosevnor Foundation Inc?
The Employer Identification Number (EIN) for Grosevnor Foundation Inc is 134104304. 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 Grosevnor Foundation Inc spend its money?
Grosevnor Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grosevnor Foundation Inc's tax-exempt status?
You can verify Grosevnor Foundation Inc's tax-exempt status using EIN 134104304 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 Grosevnor Foundation Inc demonstrates strong financial health with consistent asset growth over the past decade, reaching $2,292,303 in 2023. The organization consistently reports minimal liabilities ($1), indicating a very stable financial position. Revenue has fluctuated significantly year-to-year, from a low of $24 in 2011 to a high of $1,199,114 in 2020, suggesting reliance on variable funding sources. However, expenses have generally remained well below revenue, allowing for asset accumulation.
Spending efficiency appears high, particularly in recent years. For example, in 2023, expenses were $165,045 against revenue of $646,979, indicating a substantial portion of revenue is retained or directed towards future programs/investments rather than immediate operational costs. The consistent reporting of 0% officer compensation across all filings is a significant positive indicator of efficiency and a focus on mission over executive pay.
Transparency is excellent, with a complete filing history available and clear financial reporting. The absence of officer compensation simplifies analysis and demonstrates a commitment to directing resources to the mission. The organization's consistent low liabilities further enhances its transparent and stable financial profile.