Is The Walter F & Alice Gorham Foundation Inc Legit?
Quick charity verification for The Walter F & Alice Gorham Foundation Inc (EIN: 222984225)
Verdict: The Walter F & Alice Gorham Foundation Inc shows mixed signals
45/100Mission Score
$842KRevenue
$1.4MAssets
4Red Flags
1Strengths
Red Flags
Zero reported program service expenses (c0%) across all years, raising questions about direct charitable impact.
Consistent administrative expenses (e.g., $185,013 in 2024) despite fluctuating and often low revenue, leading to asset depletion.
Significant decline in assets from $2,144,955 in 2014 to $1,412,252 in 2024, indicating unsustainable operations.
The foundation's primary activity appears to be asset management and administrative overhead rather than active grantmaking or program delivery.
Strengths
Long operational history with filings dating back to at least 2014.
AI Transparency Report
The Walter F & Alice Gorham Foundation Inc is a unknown nonprofit based in Whippany, New Jersey, with reported revenue of $842K and assets of $1.4M. Our AI analysis assigns a Mission Score of 45/100 (Fair). Executive compensation is not explicitly detailed in the provided data, but given that 100% of reported expenses are administrative, it is likely a significant component of the $170,173 - $185,013 annual administrative costs. Revenue has declined -25% across 10 filing periods.