Quick charity verification for Gvtc Foundation Inc (EIN: 205731821)
Verdict: Gvtc Foundation Inc appears trustworthy
95/100Mission Score
$1.2MRevenue
$3.6MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent financial surpluses, with revenue exceeding expenses in all reported periods (e.g., $731,013 revenue vs. $585,462 expenses in 2023).
Steady growth in assets, increasing from $635,028 in 2014 to $2,801,522 in 2023.
0% officer compensation reported across all filings, indicating efficient use of funds and strong commitment to mission.
Low liabilities relative to assets, demonstrating strong financial stability (e.g., $75,506 liabilities vs. $2,801,522 assets in 2023).
AI Transparency Report
Gvtc Foundation Inc demonstrates consistent financial health with a steady increase in assets over the past decade, reaching $2,801,522 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $731,013 exceeded expenses of $585,462. This indicates sound financial management and the ability to build reserves. Their spending efficiency appears strong, with no reported officer compensation, suggesting that resources are primarily directed towards programmatic activities and operational needs rather than executive salaries. The absence of officer compensation also points to a high degree of transparency regarding how funds are allocated, as this is a common area of scrutiny for nonprofits.