Quick charity verification for Gross Foundation Inc (EIN: 113006419)
Verdict: Gross Foundation Inc appears trustworthy
90/100Mission Score
$10.1MRevenue
$70.6MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the latest filing period (202402), indicating an operational deficit of $500,751.
Strengths
Consistently reports 0% officer compensation across all filings, indicating high efficiency and dedication of funds to mission.
Possesses substantial assets ($70,578,652) providing strong financial stability and resilience.
Maintains very low liabilities ($112,333 in 202402), indicating sound financial management.
Long history of IRS 990 filings (11 filings), suggesting consistent compliance and transparency.
Spending Breakdown
How Gross 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 Gross Foundation Inc
Is Gross Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gross Foundation Inc (EIN: 113006419) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Gross Foundation Inc a good charity to donate to?
Gross Foundation Inc has a Mission Score of 90/100. Revenue: $10.1M. Assets: $70.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gross Foundation Inc?
The Employer Identification Number (EIN) for Gross Foundation Inc is 113006419. 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 Gross Foundation Inc spend its money?
Gross Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gross Foundation Inc's tax-exempt status?
You can verify Gross Foundation Inc's tax-exempt status using EIN 113006419 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
Gross Foundation Inc. demonstrates a generally stable financial position with significant assets, currently at $70,578,652. The organization has shown fluctuating revenue over the past several years, with a notable increase in the 202302 period to $8,841,737, followed by a decrease to $6,812,705 in the 202402 period. Expenses have also varied, with the latest filing showing expenses of $7,313,456 exceeding revenue of $6,812,705, indicating a deficit for that period. However, the organization's substantial asset base provides a strong buffer against short-term operational deficits.
The foundation consistently reports 0% officer compensation across all available filings, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances its transparency and public trust. While specific program spending ratios are not detailed in the provided data, the absence of officer compensation suggests a lean administrative structure. The organization's liabilities have remained very low, with the latest at $112,333, further reinforcing its financial stability.
Overall, Gross Foundation Inc. appears to be a financially sound organization with a strong asset base and a commendable record of zero officer compensation, which speaks to its operational efficiency and transparency. The recent deficit in the 202402 period warrants monitoring, but it does not immediately signal a crisis given the foundation's substantial reserves.