G & N Charities Inc
G & N Charities Inc faces financial challenges with declining assets and consistent deficit spending.
EIN: 113833895 · Tacoma, WA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $536K |
| Total Expenses | $709K |
| Program Spending | 80% |
| Net Assets | $277K |
| Transparency Score | 65/100 |
Is G & N Charities Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
G & N Charities Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About G & N Charities Inc
G & N Charities Inc (EIN: 113833895) is a nonprofit organization based in Tacoma, WA, classified under NTEE code T20. The organization reported total revenue of $536K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of G & N Charities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
G & N Charities Inc is a small nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $337K |
| Total Expenses | $709K |
| Surplus / Deficit | $-371,258 |
| Total Assets | $277K |
| Total Liabilities | $1 |
| Net Assets | $277K |
| Operating Margin | -110.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 4.7 months |
Financial Health Grade: B
In 2023, G & N Charities Inc reported a deficit of $371K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), G & N Charities Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.7% | -15.8% | -57.3% |
| 2022 | +52.5% | +12.9% | -6.7% |
| 2021 | -19.1% | +57.5% | -24.4% |
| 2020 | +65.7% | +64.5% | +23.1% |
| 2019 | +155.0% | +253.4% | +45.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
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 G & N Charities Inc with a Mission Score of 65 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, G & N Charities Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $371K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, which is highly commendable and indicates that no organizational funds are being used for officer salaries.
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 G & N Charities Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $708,524 vs. revenue $337,266)
- Significant decline in assets from $918,597 in 2020 to $75,170 currently
- Inconsistent revenue generation, making financial planning challenging
Strengths
The following positive indicators were identified for G & N Charities Inc:
- Consistent 0% officer compensation across all reported periods
- Regular and timely filing of IRS Form 990s, indicating transparency
- Low liabilities across all reported periods
Frequently Asked Questions about G & N Charities Inc
Is G & N Charities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, G & N Charities Inc (EIN: 113833895) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does G & N Charities Inc spend its money?
G & N Charities Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to G & N Charities Inc tax-deductible?
G & N Charities Inc is registered as a tax-exempt nonprofit (EIN: 113833895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of G & N Charities Inc's spending goes to programs?
G & N Charities Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does G & N Charities Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), G & N Charities Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is G & N Charities Inc located?
G & N Charities Inc is headquartered in Tacoma, Washington and files with the IRS under EIN 113833895. It is classified under NTEE code T20.
How many years of IRS 990 filings does G & N Charities Inc have?
G & N Charities Inc 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 $536K in total revenue.
Is G & N Charities Inc a good charity?
While the charity has a commendable record of 0% officer compensation and consistent IRS filings, its recent financial performance shows significant deficit spending and a sharp decline in assets, which raises concerns about its long-term stability and ability to sustain its programs.
Why have G & N Charities Inc's assets decreased so dramatically?
The organization's assets have decreased from a peak of $918,597 in 2020 to $75,170 currently, largely due to expenses consistently exceeding revenue in recent years. For example, in 2023, expenses were $708,524 while revenue was $337,266, leading to a substantial net loss.
What is the trend in G & N Charities Inc's revenue and expenses?
Revenue has fluctuated significantly, with a high of $798,153 in 2022 and a low of $32,116 in 2014. Expenses have also varied, but in recent years (2021-2023), expenses have consistently outpaced revenue, leading to net losses.
Filing History
IRS 990 filing history for G & N Charities Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), G & N Charities Inc's revenue has grown by 916.4%, moving from $33K to $337K. Total assets decreased by 40.2% over the same period, from $462K to $277K. Total functional expenses rose by 1583.7%, from $42K to $709K. In its most recent filing year (2023), G & N Charities Inc reported a deficit of $371K, with expenses exceeding revenue. The organization holds $1 in liabilities against $277K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $277K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $337K | $709K | $277K | $1 | — | View 990 |
| 2022 | $798K | $842K | $648K | $1 | — | View 990 |
| 2021 | $523K | $746K | $694K | $3K | — | View 990 |
| 2020 | $647K | $473K | $919K | $5K | — | — |
| 2019 | $390K | $288K | $746K | $6K | — | View 990 |
| 2015 | $153K | $81K | $514K | $1 | — | View 990 |
| 2014 | $32K | $40K | $443K | $0 | — | View 990 |
| 2013 | $33K | $36K | $450K | $0 | — | View 990 |
| 2012 | $33K | $36K | $459K | $0 | — | View 990 |
| 2011 | $33K | $42K | $462K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $337K, expenses of $709K, and assets of $277K (revenue -57.7% year-over-year).
- 2022: Revenue of $798K, expenses of $842K, and assets of $648K (revenue +52.5% year-over-year).
- 2021: Revenue of $523K, expenses of $746K, and assets of $694K (revenue -19.1% year-over-year).
- 2020: Revenue of $647K, expenses of $473K, and assets of $919K (revenue +65.7% year-over-year).
- 2019: Revenue of $390K, expenses of $288K, and assets of $746K (revenue +155.0% year-over-year).
- 2015: Revenue of $153K, expenses of $81K, and assets of $514K (revenue +376.6% year-over-year).
- 2014: Revenue of $32K, expenses of $40K, and assets of $443K (revenue -1.2% year-over-year).
- 2013: Revenue of $33K, expenses of $36K, and assets of $450K (revenue -2.9% year-over-year).
- 2012: Revenue of $33K, expenses of $36K, and assets of $459K (revenue +0.9% year-over-year).
- 2011: Revenue of $33K, expenses of $42K, and assets of $462K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for G & N Charities Inc:
Data Sources and Methodology
This transparency report for G & N Charities Inc 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.