Quick charity verification for Paul And Patricia Gioia Foundation (EIN: 141828523)
Verdict: Paul And Patricia Gioia Foundation appears trustworthy
90/100Mission Score
$13.9MRevenue
$13.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent $0 officer compensation, indicating high efficiency and volunteer leadership.
Stable and growing asset base, increasing from $1.3M in 2011 to $2.6M in 2023.
Minimal liabilities, consistently reported as $0 or $1, reflecting strong financial management.
Long and consistent IRS 990 filing history (10 filings), demonstrating good transparency.
Revenue generally exceeds expenses in most years, contributing to asset growth.
Spending Breakdown
How Paul And Patricia Gioia Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Paul And Patricia Gioia Foundation
Is Paul And Patricia Gioia Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Paul And Patricia Gioia Foundation (EIN: 141828523) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Paul And Patricia Gioia Foundation a good charity to donate to?
Paul And Patricia Gioia Foundation has a Mission Score of 90/100. Revenue: $13.9M. Assets: $13.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Paul And Patricia Gioia Foundation?
The Employer Identification Number (EIN) for Paul And Patricia Gioia Foundation is 141828523. 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 Paul And Patricia Gioia Foundation spend its money?
Paul And Patricia Gioia Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Paul And Patricia Gioia Foundation's tax-exempt status?
You can verify Paul And Patricia Gioia Foundation's tax-exempt status using EIN 141828523 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 Paul And Patricia Gioia Foundation demonstrates consistent financial health as a private foundation, with assets growing from $1,326,073 in 2011 to $2,621,493 in 2023. Revenue has also shown a general upward trend, reaching $618,011 in 2023. As a private foundation, its primary function is to make grants, and its spending efficiency is reflected in its low operational overhead. The foundation consistently reports $0 in officer compensation, indicating a volunteer-led or very lean administrative structure, which is a strong positive for efficiency. The liabilities have remained minimal, consistently reported as $1 or $0, suggesting sound financial management and no significant debt burden.
Given its nature as a private foundation, the 'spending efficiency' is primarily measured by the proportion of its assets distributed as grants relative to its administrative costs. While specific program spending percentages aren't detailed in the provided summary, the absence of officer compensation and minimal liabilities suggest that a high proportion of its expenses are likely directed towards its charitable purpose (grants). The consistent filing history over a decade also points to good transparency practices, making its financial data readily available to the public.