Is Scott Gomez Foundation Legit?

Red Flags

Inconsistent revenue streams, with significant year-to-year variability (e.g., $13,208 in 2022 vs. $599,784 in 2021).
Expenses frequently exceed revenue, indicating a reliance on asset drawdowns (e.g., 2023: $184,331 expenses vs. $104,400 revenue; 2022: $143,524 expenses vs. $13,208 revenue).
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits full spending efficiency assessment.

Spending Breakdown

How Scott Gomez Foundation allocates its funds across programs, administration, and fundraising.

60%

Program Spending

Below average — room for improvement

30%

Admin Costs

High — over 25% on administration

10%

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 Scott Gomez Foundation

Is Scott Gomez Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Scott Gomez Foundation (EIN: 208027404) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Scott Gomez Foundation a good charity to donate to?

Scott Gomez Foundation has a Mission Score of 65/100. Revenue: $723K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Scott Gomez Foundation?

The Employer Identification Number (EIN) for Scott Gomez Foundation is 208027404. 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 Scott Gomez Foundation spend its money?

Scott Gomez Foundation allocates 60% to programs, 30% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Scott Gomez Foundation's tax-exempt status?

You can verify Scott Gomez Foundation's tax-exempt status using EIN 208027404 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 Scott Gomez Foundation demonstrates a generally stable financial position with assets consistently over $1 million, reaching a high of $1,497,917 in 2021. However, its financial health shows significant year-to-year variability in revenue, ranging from a low of $13,208 in 2022 to a high of $599,784 in 2021. This inconsistency in funding could pose challenges for long-term program planning and sustainability. The organization's spending efficiency appears to be a concern, as expenses frequently exceed revenue, such as in 2023 where expenses were $184,331 against revenue of $104,400, and in 2022 with $143,524 in expenses versus $13,208 in revenue. This pattern suggests the foundation is drawing down its assets to cover operational costs, which is not sustainable in the long run without significant revenue increases.

Regarding transparency, the foundation consistently reports 0% officer compensation across all available filings, which is a positive indicator of resource allocation directly to the mission rather than executive salaries. The absence of reported liabilities in most years also points to sound financial management in terms of debt. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency and program focus is limited. The consistent asset base, despite fluctuating revenues and expenses, suggests a conservative investment strategy or significant prior endowments.

Overall, while the foundation maintains a healthy asset base and demonstrates transparency in executive compensation, its operational model, characterized by inconsistent revenue and frequent expense overruns, warrants closer examination. Potential donors should seek more detailed information on how expenses are categorized to ensure a high percentage of funds are directed towards programs. The foundation's ability to generate consistent revenue streams will be crucial for its future financial health and impact.

Verdict: Scott Gomez Foundation shows mixed signals