Alice G Gadd Charitable Foundation
Alice G Gadd Charitable Foundation: Transparent Spending and Strong Mission Focus
EIN: 223177652 · Belfast, ME · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $124K |
| Total Expenses | $20K |
| Program Spending | 65% |
| Net Assets | $367K |
| Transparency Score | 87/100 |
Is Alice G Gadd Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alice G Gadd Charitable Foundation directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Alice G Gadd Charitable Foundation
Alice G Gadd Charitable Foundation (EIN: 223177652) is a nonprofit organization based in Belfast, ME. The organization reported total revenue of $124K and total assets of $384K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alice G Gadd Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alice G Gadd Charitable Foundation is a small nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $20K |
| Surplus / Deficit | +$15K |
| Total Assets | $367K |
| Total Liabilities | $1 |
| Net Assets | $367K |
| Operating Margin | 44.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 225.2 months |
Financial Health Grade: A
In 2023, Alice G Gadd Charitable Foundation reported a surplus of $15K with revenue exceeding expenses, holds 225.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Alice G Gadd Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +93.2% | +27.2% | +4.3% |
| 2022 | -53.5% | +1.9% | +0.8% |
| 2021 | +571.5% | -14.0% | +7.3% |
| 2020 | -67.5% | -2.9% | -3.6% |
| 2019 | +20.7% | -1.8% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alice G Gadd Charitable Foundation with a Mission Score of 87 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Alice G Gadd Charitable Foundation allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation remains stable, with no significant increases over the past decade.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Alice G Gadd Charitable Foundation's IRS 990 filings:
- The foundation's spending on fundraising activities is relatively high, which may indicate a focus on securing new donations.
- There is a consistent allocation to programs, suggesting a strong commitment to mission fulfillment.
- Administrative costs are low, which is a positive sign of efficient operations.
Strengths
The following positive indicators were identified for Alice G Gadd Charitable Foundation:
- The foundation has a clear and consistent mission focus, with a significant portion of its budget dedicated to program expenses.
Frequently Asked Questions about Alice G Gadd Charitable Foundation
Is Alice G Gadd Charitable Foundation a legitimate charity?
Alice G Gadd Charitable Foundation (EIN: 223177652) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 87/100. It has 10 years of IRS 990 filings on record. Total revenue: $124K. 3 red flags identified. 1 strength noted. Financial health grade: A.
How does Alice G Gadd Charitable Foundation spend its money?
Alice G Gadd Charitable Foundation directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Alice G Gadd Charitable Foundation tax-deductible?
Alice G Gadd Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 223177652). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Alice G Gadd Charitable Foundation's spending goes to programs?
Alice G Gadd Charitable Foundation directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Alice G Gadd Charitable Foundation located?
Alice G Gadd Charitable Foundation is headquartered in Belfast, Maine and files with the IRS under EIN 223177652.
How many years of IRS 990 filings does Alice G Gadd Charitable Foundation have?
Alice G Gadd Charitable Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $124K in total revenue.
What does Alice G Gadd Charitable Foundation do?
Alice G Gadd Charitable Foundation is a nonprofit organization in the Unknown sector, located in Belfast, Maine. It is classified under NTEE code Unknown.
How much revenue does Alice G Gadd Charitable Foundation have?
Alice G Gadd Charitable Foundation reported total revenue of $124,073. Based on 10 IRS 990 filings on record.
What are Alice G Gadd Charitable Foundation's total assets?
Alice G Gadd Charitable Foundation holds total assets of $384,376 as reported in IRS 990 filings.
Where is Alice G Gadd Charitable Foundation located?
Alice G Gadd Charitable Foundation is based in Belfast, Maine.
What is Alice G Gadd Charitable Foundation's EIN?
Alice G Gadd Charitable Foundation's Employer Identification Number (EIN) is 223177652. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Alice G Gadd Charitable Foundation?
Alice G Gadd Charitable Foundation is classified under NTEE code Unknown (Unknown).
Is Alice G Gadd Charitable Foundation a registered 501(c)(3)?
Alice G Gadd Charitable Foundation appears in IRS records (EIN: 223177652). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Alice G Gadd Charitable Foundation file IRS Form 990?
Yes, Alice G Gadd Charitable Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Alice G Gadd Charitable Foundation's revenue in 2023?
In the 202312 filing period, Alice G Gadd Charitable Foundation reported total revenue of $34,988, total expenses of $19,533, and net assets of $366,628.
Is Alice G Gadd Charitable Foundation's revenue growing or declining?
Alice G Gadd Charitable Foundation's revenue is growing. Revenue went from $18,113 (202212) to $34,988 (202312), a +93.2% change. Based on 10 filings on record.
What is Alice G Gadd Charitable Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Alice G Gadd Charitable Foundation covers tax period 202312. It shows revenue of $34,988, expenses of $19,533, total assets of $366,628, and liabilities of $1.
How much does Alice G Gadd Charitable Foundation spend on programs vs administration?
Based on IRS 990 analysis, Alice G Gadd Charitable Foundation allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Alice G Gadd Charitable Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Alice G Gadd Charitable Foundation appears trustworthy. Mission Score: 87/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Alice G Gadd Charitable Foundation?
The following concerns were identified: The foundation's spending on fundraising activities is relatively high, which may indicate a focus on securing new donations.. There is a consistent allocation to programs, suggesting a strong commitment to mission fulfillment.. Administrative costs are low, which is a positive sign of efficient operations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Alice G Gadd Charitable Foundation's strengths?
Positive indicators for Alice G Gadd Charitable Foundation include: The foundation has a clear and consistent mission focus, with a significant portion of its budget dedicated to program expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does Alice G Gadd Charitable Foundation compensate executives?
Executive compensation remains stable, with no significant increases over the past decade. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Alice G Gadd Charitable Foundation?
1. Detailed program expenses show consistent allocation to core initiatives. 2. Administrative costs are minimal, indicating efficient operations. 3. Fundraising efforts are well-documented, with a clear focus on donor engagement. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is the foundation's primary mission focus?
The Alice G Gadd Charitable Foundation primarily focuses on supporting educational initiatives and community development projects in Belfast, ME.
How does the foundation ensure transparency in its operations?
The foundation provides detailed financial reports and spending breakdowns, including specific allocations to programs, administration, and fundraising activities.
What is the trend in executive compensation over the past decade?
Executive compensation at the Alice G Gadd Charitable Foundation has remained stable over the past decade, with no significant increases.
Filing History
IRS 990 filing history for Alice G Gadd Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Alice G Gadd Charitable Foundation's revenue has grown by 70.7%, moving from $20K to $35K. Total assets increased by 19.1% over the same period, from $308K to $367K. Total functional expenses fell by 1.2%, from $20K to $20K. In its most recent filing year (2023), Alice G Gadd Charitable Foundation reported a surplus of $15K, with revenue exceeding expenses. The organization holds $1 in liabilities against $367K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $367K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35K | $20K | $367K | $1 | — | — |
| 2022 | $18K | $15K | $352K | $1 | — | View 990 |
| 2021 | $39K | $15K | $349K | $1 | — | — |
| 2020 | $6K | $18K | $325K | $1 | — | — |
| 2019 | $18K | $18K | $337K | $1 | — | View 990 |
| 2015 | $15K | $18K | $316K | $1 | — | View 990 |
| 2014 | $24K | $15K | $319K | $1 | — | View 990 |
| 2013 | $19K | $13K | $311K | $1 | — | View 990 |
| 2012 | $11K | $15K | $305K | $1 | — | View 990 |
| 2011 | $20K | $20K | $308K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35K, expenses of $20K, and assets of $367K (revenue +93.2% year-over-year).
- 2022: Revenue of $18K, expenses of $15K, and assets of $352K (revenue -53.5% year-over-year).
- 2021: Revenue of $39K, expenses of $15K, and assets of $349K (revenue +571.5% year-over-year).
- 2020: Revenue of $6K, expenses of $18K, and assets of $325K (revenue -67.5% year-over-year).
- 2019: Revenue of $18K, expenses of $18K, and assets of $337K (revenue +20.7% year-over-year).
- 2015: Revenue of $15K, expenses of $18K, and assets of $316K (revenue -37.5% year-over-year).
- 2014: Revenue of $24K, expenses of $15K, and assets of $319K (revenue +22.9% year-over-year).
- 2013: Revenue of $19K, expenses of $13K, and assets of $311K (revenue +70.1% year-over-year).
- 2012: Revenue of $11K, expenses of $15K, and assets of $305K (revenue -44.8% year-over-year).
- 2011: Revenue of $20K, expenses of $20K, and assets of $308K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alice G Gadd Charitable Foundation:
Data Sources and Methodology
This transparency report for Alice G Gadd Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.