Quick charity verification for Gwaltney Family Foundation (EIN: 202294422)
Verdict: Gwaltney Family Foundation appears trustworthy
75/100Mission Score
$47KRevenue
$213KAssets
2Red Flags
3Strengths
Red Flags
Expenses frequently exceed revenue: In 2023, 2022, and 2021, expenses ($9,612, $54,028, $55,688 respectively) were higher than revenue ($7,176, $3,588, $30,098 respectively), indicating a reliance on asset drawdowns or prior year contributions.
Significant year-to-year fluctuations in revenue and expenses, making financial planning and predictability challenging.
Strengths
Zero officer compensation: No salaries are paid to officers, indicating efficient use of funds for a small foundation.
Low liabilities: Consistently reports minimal liabilities ($0 or $1), reflecting strong financial management and solvency.
Stable asset base: Despite revenue fluctuations, assets have remained relatively stable, around $200,000-$280,000 in recent years, providing a financial cushion.
Spending Breakdown
How Gwaltney Family Foundation 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 Gwaltney Family Foundation
Is Gwaltney Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gwaltney Family Foundation (EIN: 202294422) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Gwaltney Family Foundation a good charity to donate to?
Gwaltney Family Foundation has a Mission Score of 75/100. Revenue: $47K. Assets: $213K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gwaltney Family Foundation?
The Employer Identification Number (EIN) for Gwaltney Family Foundation is 202294422. 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 Gwaltney Family Foundation spend its money?
Gwaltney Family Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gwaltney Family Foundation's tax-exempt status?
You can verify Gwaltney Family Foundation's tax-exempt status using EIN 202294422 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 Gwaltney Family Foundation appears to be a small private foundation with fluctuating financial activity. Over the past five years, its revenue has varied significantly, from a high of $79,390 in 2020 to a low of $3,588 in 2022. Expenses have also shown considerable variation, with a notable spike to $54,028 in 2022 and $55,688 in 2021, exceeding revenue in those years. The foundation's assets have generally remained stable, hovering around $200,000-$280,000 in recent years, with current assets at $213,013. The consistent reporting of $0 officer compensation across all filings indicates good transparency regarding executive pay, especially for a foundation of this size. However, the recurring pattern of expenses exceeding revenue in several recent periods (e.g., 2023, 2022, 2021) suggests a reliance on existing assets or prior year contributions to cover operational costs and program disbursements, which could be a concern for long-term sustainability if not managed strategically. The NTEE code T20 indicates a focus on grantmaking foundations, which typically have lower administrative overhead compared to direct service charities, but the specific breakdown of program vs. administrative spending is not detailed in the provided summary data.