Gallant Family Foundation Inc
Gallant Family Foundation shows strong asset growth and no reported executive compensation over a decade.
EIN: 133039604 · Cary, NC · Updated: 2026-03-28
Is Gallant Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gallant Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gallant Family Foundation Inc
Gallant Family Foundation Inc (EIN: 133039604) is a nonprofit organization based in Cary, NC. The organization reported total revenue of $1.1M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gallant Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gallant Family Foundation Inc is a mid-size nonprofit that has been operating for 44 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $385K |
| Total Expenses | $369K |
| Surplus / Deficit | +$16K |
| Total Assets | $7.1M |
| Total Liabilities | $3.9M |
| Net Assets | $3.3M |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 54.2% |
| Months of Reserves | 231.1 months |
Financial Health Grade: A
In 2023, Gallant Family Foundation Inc reported a surplus of $16K with revenue exceeding expenses, holds 231.1 months of operating reserves (strong position), has a debt-to-asset ratio of 54.2% (high leverage).
Financial Trends
Over 9 years of filings (2011–2023), Gallant Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.1% | -4.8% | +15.2% |
| 2022 | +49.5% | +1.6% | +9.7% |
| 2020 | -5.6% | +15.2% | +7.7% |
| 2019 | -24.8% | +15.4% | +16.0% |
| 2015 | -8.3% | +39.7% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1982 |
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 Gallant Family Foundation Inc with a Mission Score of 92 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, Gallant Family Foundation Inc 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 surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all nine available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for a foundation of its size with current assets of over $8 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.
Strengths
The following positive indicators were identified for Gallant Family Foundation Inc:
- Consistent asset growth, from $3.49M in 2011 to $8.24M currently.
- 0% reported officer compensation across all nine filings, indicating very low administrative overhead.
- Consistent IRS 990 filing history, demonstrating good transparency.
- Significant increase in latest reported revenue to $1,109,584, suggesting strong donor support.
- Healthy financial position with current assets ($8,244,578) significantly exceeding liabilities ($3,852,262 in 2023).
Frequently Asked Questions about Gallant Family Foundation Inc
Is Gallant Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gallant Family Foundation Inc (EIN: 133039604) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Gallant Family Foundation Inc spend its money?
Gallant Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gallant Family Foundation Inc tax-deductible?
Gallant Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133039604). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Gallant Family Foundation Inc. a good charity?
Based on the available data, the Gallant Family Foundation Inc. appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent IRS 990 filings, and notably, reports 0% officer compensation, indicating a high potential for funds to directly support its mission.
How has the foundation's asset base changed over time?
The foundation's assets have shown consistent and significant growth, increasing from $3,494,490 in 2011 to $8,244,578 currently, nearly tripling over the period.
What is the trend in the foundation's revenue?
Revenue has fluctuated but shows a significant upward trend in the latest period, jumping from $384,987 in 2023 to $1,109,584 currently, indicating substantial recent growth in funding.
Filing History
IRS 990 filing history for Gallant Family Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Gallant Family Foundation Inc's revenue has grown by 60.4%, moving from $240K to $385K. Total assets increased by 103.3% over the same period, from $3.5M to $7.1M. Total functional expenses rose by 152.8%, from $146K to $369K. In its most recent filing year (2023), Gallant Family Foundation Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $3.9M in liabilities against $7.1M in assets (debt-to-asset ratio: 54.2%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $385K | $369K | $7.1M | $3.9M | — | View 990 |
| 2022 | $300K | $388K | $6.2M | $2.9M | — | View 990 |
| 2020 | $201K | $382K | $5.6M | $2.2M | — | View 990 |
| 2019 | $213K | $331K | $5.2M | $1.6M | — | View 990 |
| 2015 | $283K | $287K | $4.5M | $786K | — | View 990 |
| 2014 | $308K | $205K | $4.7M | $949K | — | View 990 |
| 2013 | $290K | $176K | $4.0M | $344K | — | View 990 |
| 2012 | $247K | $209K | $3.9M | $369K | — | View 990 |
| 2011 | $240K | $146K | $3.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $385K, expenses of $369K, and assets of $7.1M (revenue +28.1% year-over-year).
- 2022: Revenue of $300K, expenses of $388K, and assets of $6.2M (revenue +49.5% year-over-year).
- 2020: Revenue of $201K, expenses of $382K, and assets of $5.6M (revenue -5.6% year-over-year).
- 2019: Revenue of $213K, expenses of $331K, and assets of $5.2M (revenue -24.8% year-over-year).
- 2015: Revenue of $283K, expenses of $287K, and assets of $4.5M (revenue -8.3% year-over-year).
- 2014: Revenue of $308K, expenses of $205K, and assets of $4.7M (revenue +6.5% year-over-year).
- 2013: Revenue of $290K, expenses of $176K, and assets of $4.0M (revenue +17.2% year-over-year).
- 2012: Revenue of $247K, expenses of $209K, and assets of $3.9M (revenue +2.9% year-over-year).
- 2011: Revenue of $240K, expenses of $146K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gallant Family Foundation Inc:
Data Sources and Methodology
This transparency report for Gallant Family Foundation 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.