Bruce G Geary Foundation

Bruce G Geary Foundation maintains strong assets despite recent operating deficits and zero officer compensation.

EIN: 208075415 · Staten Island, NY · NTEE: T22 · Updated: 2026-03-28

$26.4MRevenue

$22.6MAssets

85/100Mission Score (Excellent)

T22

About Bruce G Geary Foundation

Bruce G Geary Foundation (EIN: 208075415) is a nonprofit organization based in Staten Island, NY, classified under NTEE code T22. The organization reported total revenue of $26.4M and total assets of $22.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bruce G Geary Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Bruce G Geary Foundation demonstrates consistent financial stability with substantial assets, averaging over $20 million in recent years, and minimal liabilities, often reported as just $1. This indicates a strong balance sheet and prudent financial management. However, the organization has frequently operated at a deficit in recent periods, with expenses exceeding revenue in 2023 ($1,989,632 vs. $1,545,079) and 2022 ($2,086,890 vs. $667,979). While this could be due to strategic asset utilization or investment fluctuations, it warrants closer examination to ensure long-term sustainability without relying solely on existing reserves. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator of efficiency and dedication to mission over personal gain. The foundation's transparency is high given the consistent filing history and clear financial reporting.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bruce G Geary Foundation with a Mission Score of 85 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Bruce G Geary Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization with assets exceeding $20 million.

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 Bruce G Geary Foundation's IRS 990 filings:

Consistent operating deficits in recent years (e.g., 2023 and 2022), where expenses exceeded revenue.
Zero officer compensation reported for an organization with over $20 million in assets, which, while positive for efficiency, can sometimes indicate incomplete reporting or an unusual operational model.

Strengths

The following positive indicators were identified for Bruce G Geary Foundation:

Substantial and stable asset base, consistently over $20 million, providing financial security.
Extremely low liabilities, often reported as $1, indicating strong financial health and minimal debt.
Consistent 0% officer compensation, suggesting high efficiency and dedication to mission over personal gain.
Long and consistent IRS 990 filing history (10 filings), demonstrating transparency and compliance.

Frequently Asked Questions about Bruce G Geary Foundation

Is the Bruce G Geary Foundation a good charity?

Based on its strong asset base ($22,569,662), minimal liabilities ($1), and consistent 0% officer compensation, the foundation appears to be a well-managed entity with a strong commitment to its mission. The recent operating deficits, however, warrant further investigation into their cause and sustainability.

How does the foundation sustain operations with recurring deficits?

The foundation's ability to sustain operations despite recent deficits (e.g., $1,989,632 expenses vs. $1,545,079 revenue in 2023) is likely due to its substantial asset base ($22,569,662). It may be drawing from its endowment or investment returns to cover operational shortfalls, which is sustainable in the short term but needs careful monitoring for long-term financial health.

What is the nature of the foundation's liabilities?

The foundation consistently reports extremely low liabilities, often just $1, across multiple filing periods. This indicates a very strong financial position with virtually no debt or outstanding obligations, which is a significant strength.

Filing History

IRS 990 filing history for Bruce G Geary Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Bruce G Geary Foundation's revenue has declined by 28.3%, moving from $2.2M to $1.5M. Total assets increased by 25.1% over the same period, from $16.6M to $20.7M. Total functional expenses rose by 89.1%, from $1.1M to $2.0M. In its most recent filing year (2023), Bruce G Geary Foundation reported a deficit of $445K, with expenses exceeding revenue. The organization holds $1 in liabilities against $20.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.5M	$2.0M	$20.7M	$1	—	—
2022	$668K	$2.1M	$21.2M	$1	—	View 990
2021	$4.0M	$1.9M	$22.6M	$1	—	View 990
2020	$1.4M	$1.8M	$20.5M	$1	—	—
2019	$1.4M	$1.9M	$20.9M	$1	—	View 990
2015	$3.2M	$1.7M	$21.4M	$1	—	View 990
2014	$3.2M	$1.6M	$20.0M	$1	—	View 990
2013	$3.0M	$1.4M	$18.4M	$1	—	View 990
2012	$1.6M	$1.2M	$16.9M	$1	—	View 990
2011	$2.2M	$1.1M	$16.6M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.5M, expenses of $2.0M, and assets of $20.7M (revenue +131.3% year-over-year).
2022: Revenue of $668K, expenses of $2.1M, and assets of $21.2M (revenue -83.4% year-over-year).
2021: Revenue of $4.0M, expenses of $1.9M, and assets of $22.6M (revenue +193.8% year-over-year).
2020: Revenue of $1.4M, expenses of $1.8M, and assets of $20.5M (revenue +0.1% year-over-year).
2019: Revenue of $1.4M, expenses of $1.9M, and assets of $20.9M (revenue -56.9% year-over-year).
2015: Revenue of $3.2M, expenses of $1.7M, and assets of $21.4M (revenue +0.1% year-over-year).
2014: Revenue of $3.2M, expenses of $1.6M, and assets of $20.0M (revenue +6.1% year-over-year).
2013: Revenue of $3.0M, expenses of $1.4M, and assets of $18.4M (revenue +92.8% year-over-year).
2012: Revenue of $1.6M, expenses of $1.2M, and assets of $16.9M (revenue -27.8% year-over-year).
2011: Revenue of $2.2M, expenses of $1.1M, and assets of $16.6M.

Data Sources and Methodology

This transparency report for Bruce G Geary 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.