Gamba Family Foundation Inc
Gamba Family Foundation consistently spends more than its annual revenue, drawing down its endowment to fund operations.
EIN: 113759627 · Washington, DC · NTEE: T22 · Updated: 2026-03-28
Is Gamba Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gamba Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gamba Family Foundation Inc
Gamba Family Foundation Inc (EIN: 113759627) is a nonprofit organization based in Washington, DC, classified under NTEE code T22. The organization reported total revenue of $226K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gamba Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gamba Family Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $63K |
| Total Expenses | $147K |
| Surplus / Deficit | $-84,453 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -134.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 114.9 months |
Financial Health Grade: B
In 2023, Gamba Family Foundation Inc reported a deficit of $84K with expenses exceeding revenue, holds 114.9 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), Gamba Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.2% | -6.1% | -5.7% |
| 2022 | -10.5% | +11.4% | -2.6% |
| 2021 | +64.0% | +13.5% | -0.7% |
| 2020 | -32.8% | -25.1% | -2.9% |
| 2019 | +30.2% | +17.6% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Gamba Family Foundation Inc 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, Gamba 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 deficit of $84K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for minimizing administrative overhead.
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 Gamba Family Foundation Inc's IRS 990 filings:
- Consistent annual expenses exceeding revenue, leading to a gradual decline in assets over time (e.g., $147,096 expenses vs. $62,643 revenue in 2023).
Strengths
The following positive indicators were identified for Gamba Family Foundation Inc:
- Strong asset base relative to liabilities ($1,322,941 assets vs. minimal liabilities), ensuring long-term solvency.
- 0% officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Consistent filing history demonstrating transparency and compliance.
Frequently Asked Questions about Gamba Family Foundation Inc
Is Gamba Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gamba Family Foundation Inc (EIN: 113759627) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Gamba Family Foundation Inc spend its money?
Gamba Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gamba Family Foundation Inc tax-deductible?
Gamba Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113759627). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Gamba Family Foundation Inc. financially stable?
While the foundation consistently spends more than its annual revenue, leading to a gradual decrease in assets (from $1,758,335 in 2013 to $1,407,989 in 2023), its current asset base of $1,322,941 is substantial relative to its minimal liabilities, indicating long-term solvency and the ability to continue its grantmaking activities for the foreseeable future.
What is the primary activity of this organization?
Based on its NTEE code T22 (Private Grantmaking Foundations) and financial patterns, the Gamba Family Foundation Inc.'s primary activity is likely grantmaking, distributing funds to other organizations or individuals to achieve its charitable objectives.
Does the foundation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, suggesting that the foundation's leadership is not compensated through traditional officer salaries.
Filing History
IRS 990 filing history for Gamba Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gamba Family Foundation Inc's revenue has declined by 19.6%, moving from $78K to $63K. Total assets decreased by 14.5% over the same period, from $1.6M to $1.4M. Total functional expenses rose by 42.5%, from $103K to $147K. In its most recent filing year (2023), Gamba Family Foundation Inc reported a deficit of $84K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $63K | $147K | $1.4M | $1 | — | View 990 |
| 2022 | $116K | $157K | $1.5M | $1 | — | View 990 |
| 2021 | $130K | $141K | $1.5M | $1 | — | — |
| 2020 | $79K | $124K | $1.5M | $1 | — | — |
| 2019 | $118K | $165K | $1.6M | $1K | — | View 990 |
| 2015 | $91K | $141K | $1.7M | $2K | — | View 990 |
| 2014 | $72K | $113K | $1.7M | $2K | — | View 990 |
| 2013 | $253K | $113K | $1.8M | $2K | — | View 990 |
| 2012 | $72K | $98K | $1.6M | $1K | — | View 990 |
| 2011 | $78K | $103K | $1.6M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $63K, expenses of $147K, and assets of $1.4M (revenue -46.2% year-over-year).
- 2022: Revenue of $116K, expenses of $157K, and assets of $1.5M (revenue -10.5% year-over-year).
- 2021: Revenue of $130K, expenses of $141K, and assets of $1.5M (revenue +64.0% year-over-year).
- 2020: Revenue of $79K, expenses of $124K, and assets of $1.5M (revenue -32.8% year-over-year).
- 2019: Revenue of $118K, expenses of $165K, and assets of $1.6M (revenue +30.2% year-over-year).
- 2015: Revenue of $91K, expenses of $141K, and assets of $1.7M (revenue +26.3% year-over-year).
- 2014: Revenue of $72K, expenses of $113K, and assets of $1.7M (revenue -71.7% year-over-year).
- 2013: Revenue of $253K, expenses of $113K, and assets of $1.8M (revenue +253.7% year-over-year).
- 2012: Revenue of $72K, expenses of $98K, and assets of $1.6M (revenue -8.1% year-over-year).
- 2011: Revenue of $78K, expenses of $103K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gamba Family Foundation Inc:
Data Sources and Methodology
This transparency report for Gamba 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.