Gainey Foundation
Gainey Foundation consistently spends more than annual revenue, relying on substantial asset base.
EIN: 205632706 · Milwaukee, WI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.3M |
| Total Expenses | $2.5M |
| Program Spending | 90% |
| Net Assets | $38.2M |
| Transparency Score | 85/100 |
Is Gainey Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gainey Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gainey Foundation
Gainey Foundation (EIN: 205632706) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code T20. The organization reported total revenue of $11.3M and total assets of $38.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gainey Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gainey Foundation is a large nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -20.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-1,030,230 |
| Total Assets | $38.2M |
| Total Liabilities | $1 |
| Net Assets | $38.2M |
| Operating Margin | -72.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 187.1 months |
Financial Health Grade: B
In 2023, Gainey Foundation reported a deficit of $1.0M with expenses exceeding revenue, holds 187.1 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), Gainey Foundation's revenue has declined at a compound annual growth rate (CAGR) of -20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.8% | -2.7% | -2.7% |
| 2022 | -62.4% | -2.5% | -1.7% |
| 2021 | +125.4% | -0.2% | +5.7% |
| 2020 | +9.1% | +5.4% | -0.8% |
| 2019 | +112.0% | +18.9% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Gainey 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, Gainey 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Gainey Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, directors, trustees, or key employees, which is highly efficient and transparent for a foundation of its size.
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 Gainey Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in most years)
- Significant year-over-year revenue volatility
Strengths
The following positive indicators were identified for Gainey Foundation:
- Strong asset base ($37,952,097 latest reported)
- Minimal liabilities (often $1 or $0)
- 0% reported officer compensation, indicating high efficiency in executive pay
- Consistent spending on programs relative to overall expenses (implied by foundation structure)
Frequently Asked Questions about Gainey Foundation
Is Gainey Foundation a legitimate charity?
Gainey Foundation (EIN: 205632706) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $11.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Gainey Foundation spend its money?
Gainey Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gainey Foundation tax-deductible?
Gainey Foundation is registered as a tax-exempt nonprofit (EIN: 205632706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gainey Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gainey Foundation 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 Gainey Foundation located?
Gainey Foundation is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 205632706. It is classified under NTEE code T20.
How many years of IRS 990 filings does Gainey Foundation have?
Gainey 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 $11.3M in total revenue.
Is the Gainey Foundation financially sustainable given its consistent operational deficits?
While the foundation consistently spends more than its annual revenue, its substantial asset base (e.g., $38,225,223 in 2023) and minimal liabilities suggest it can sustain operations by drawing from its endowment or investment returns. This is a common model for grant-making foundations.
What is the source of the Gainey Foundation's revenue fluctuations?
Revenue has varied significantly, from $22,544,193 in 2011 to $1,421,386 in 2023. This fluctuation is typical for foundations that rely on investment income, contributions, or specific large grants, which can be volatile year-to-year.
How does the foundation manage its assets to cover expenses?
With assets consistently around $37 million and expenses typically between $1.5 million and $2.5 million annually, the foundation likely utilizes investment income and capital gains from its endowment to cover operational costs and grant disbursements, rather than relying solely on annual contributions.
Filing History
IRS 990 filing history for Gainey Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gainey Foundation's revenue has declined by 93.7%, moving from $22.5M to $1.4M. Total assets increased by 51.3% over the same period, from $25.3M to $38.2M. Total functional expenses rose by 788.8%, from $276K to $2.5M. In its most recent filing year (2023), Gainey Foundation reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $1 in liabilities against $38.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $38.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $2.5M | $38.2M | $1 | — | View 990 |
| 2022 | $1.8M | $2.5M | $39.3M | $1 | — | View 990 |
| 2021 | $4.9M | $2.6M | $40.0M | $1 | — | View 990 |
| 2020 | $2.2M | $2.6M | $37.8M | $1 | — | — |
| 2019 | $2.0M | $2.5M | $38.1M | $0 | — | View 990 |
| 2015 | $940K | $2.1M | $33.2M | $0 | — | View 990 |
| 2014 | $1.4M | $1.7M | $34.3M | $1 | — | View 990 |
| 2013 | $1.6M | $1.6M | $34.6M | $6K | — | View 990 |
| 2012 | $10.7M | $1.4M | $34.6M | $799 | — | View 990 |
| 2011 | $22.5M | $276K | $25.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $2.5M, and assets of $38.2M (revenue -22.8% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.5M, and assets of $39.3M (revenue -62.4% year-over-year).
- 2021: Revenue of $4.9M, expenses of $2.6M, and assets of $40.0M (revenue +125.4% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.6M, and assets of $37.8M (revenue +9.1% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.5M, and assets of $38.1M (revenue +112.0% year-over-year).
- 2015: Revenue of $940K, expenses of $2.1M, and assets of $33.2M (revenue -33.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.7M, and assets of $34.3M (revenue -14.6% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $34.6M (revenue -84.6% year-over-year).
- 2012: Revenue of $10.7M, expenses of $1.4M, and assets of $34.6M (revenue -52.7% year-over-year).
- 2011: Revenue of $22.5M, expenses of $276K, and assets of $25.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gainey Foundation:
Data Sources and Methodology
This transparency report for Gainey 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.