Is John T Gorman Foundation Legit? —…

Strengths

Consistently reported 0% officer compensation, indicating high efficiency and dedication to mission.
Substantial and growing asset base, exceeding $200 million, providing long-term financial stability.
Low liabilities relative to assets, demonstrating strong financial health (e.g., $2,167,625 liabilities vs. $214,146,299 assets in 2023).
Consistent annual expenses (e.g., $11,602,483 in 2023) for a grant-making foundation, indicating active and sustained programmatic work.
Strong program focus, as implied by the nature of a grant-making foundation and lack of executive salaries.

Spending Breakdown

How John T Gorman Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 John T Gorman Foundation

Is John T Gorman Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, John T Gorman Foundation (EIN: 10498551) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is John T Gorman Foundation a good charity to donate to?

John T Gorman Foundation has a Mission Score of 95/100. Revenue: $70.0M. Assets: $223.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for John T Gorman Foundation?

The Employer Identification Number (EIN) for John T Gorman Foundation is 10498551. 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 John T Gorman Foundation spend its money?

John T Gorman Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify John T Gorman Foundation's tax-exempt status?

You can verify John T Gorman Foundation's tax-exempt status using EIN 10498551 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 John T Gorman Foundation demonstrates a strong commitment to its mission, consistently operating as a grant-making organization with substantial assets. Over the past decade, the foundation has maintained a robust asset base, peaking at $247,615,876 in 2021 and currently standing at $214,146,299 as of 2023. While revenue has fluctuated significantly, such as the $101,035,921 in 2011 compared to $2,364 in 2019, this is typical for foundations that rely on investment returns and large contributions. The foundation's expenses have shown a steady increase from $7,827,898 in 2011 to $11,602,483 in 2023, indicating consistent program activity.

The organization's financial health appears stable, supported by its substantial assets which far exceed its liabilities (e.g., $214,146,299 in assets vs. $2,167,625 in liabilities in 2023). The consistent reporting of 0% officer compensation across all available filings suggests a high degree of financial transparency and a focus on directing resources towards its charitable purpose rather than executive salaries. This practice is a significant positive indicator of the foundation's dedication to its mission and efficient use of funds.

Overall, the John T Gorman Foundation exhibits sound financial management, a strong asset base, and a clear dedication to its programmatic goals, as evidenced by its consistent spending and lack of executive compensation. Its transparency in reporting officer compensation as zero further enhances its credibility as a well-managed philanthropic entity.

Is John T Gorman Foundation Legit?

Verdict: John T Gorman Foundation appears trustworthy