Is Tompkins Charitable Gift Fund Inc Legit?

Quick charity verification for Tompkins Charitable Gift Fund Inc (EIN: 161575921)

Verdict: Tompkins Charitable Gift Fund Inc appears trustworthy

85/100Mission Score
$8.0MRevenue
$12.4MAssets
1Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Tompkins Charitable Gift Fund Inc operates as a donor-advised fund, which is reflected in its financial patterns. The organization consistently reports zero officer compensation across all available filings, indicating a volunteer-led or externally managed executive structure, which is a positive sign for minimizing administrative overhead. However, the organization has frequently reported expenses exceeding revenue in recent years, such as in 2023 where expenses were $3,410,212 against revenues of $2,083,328, and in 2022 with $3,665,583 in expenses versus $1,525,180 in revenue. While this can be typical for donor-advised funds distributing grants, it warrants closer examination of their distribution policies relative to contributions. The significant asset base, consistently above $12 million, suggests a stable foundation for future grantmaking, despite the operational deficits in some periods.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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