Gambino Medical & Science Foundation Inc

Gambino Medical & Science Foundation Inc. frequently operates at a deficit, with expenses exceeding revenue in multiple recent years.

EIN: 133586460 · North Bergen, NJ · Updated: 2026-03-28

$1.2MRevenue

$508KAssets

70/100Mission Score (Good)

About Gambino Medical & Science Foundation Inc

Gambino Medical & Science Foundation Inc (EIN: 133586460) is a nonprofit organization based in North Bergen, NJ. The organization reported total revenue of $1.2M and total assets of $508K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gambino Medical & Science Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Gambino Medical & Science Foundation Inc. demonstrates a mixed financial picture. While the organization has consistently generated over half a million dollars in revenue annually, its expenses have often exceeded revenue, as seen in 2023 where expenses of $1,277,506 outstripped revenue of $946,264. This trend of deficit spending is also evident in 2021, 2015, and 2013, indicating potential challenges in maintaining financial equilibrium. The foundation's assets have fluctuated, from a high of $898,724 in 2014 to a low of $329,989 in 2023, suggesting inconsistent asset growth or significant asset utilization.

Regarding spending efficiency, without detailed breakdowns of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent reporting of 0% officer compensation across all available filings is a positive indicator for transparency and efficient use of funds, as it suggests that leadership is not drawing a salary from the organization. This practice can free up more resources for programmatic activities. The relatively low liabilities across all periods also point to sound financial management in terms of debt.

Overall, the organization appears to be transparent regarding executive compensation, which is a strong point. However, the recurring operational deficits warrant closer examination to ensure long-term sustainability. The fluctuation in assets and the consistent spending exceeding revenue in several years suggest that while the organization is active, its financial health could benefit from strategies to stabilize revenue streams or control expenses more effectively to build reserves.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Gambino Medical & Science Foundation Inc with a Mission Score of 70 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: 10%
programs: 80%
fundraising: 10%

According to IRS 990 filings, Gambino Medical & Science Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization, which is a strong positive for resource allocation.

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 Gambino Medical & Science Foundation Inc's IRS 990 filings:

Frequent operational deficits, with expenses exceeding revenue in 2023, 2021, 2015, and 2013.
Significant fluctuation in assets, from a high of $898,724 to a low of $329,989, without clear explanation in the provided data.

Strengths

The following positive indicators were identified for Gambino Medical & Science Foundation Inc:

Consistent reporting of 0% officer compensation, indicating efficient use of funds and strong transparency regarding leadership pay.
Maintains relatively low liabilities across all reported periods, suggesting sound debt management.
Consistently generates over $500,000 in annual revenue, demonstrating a stable base of support.

Frequently Asked Questions about Gambino Medical & Science Foundation Inc

Is Gambino Medical & Science Foundation Inc. financially sustainable?

The organization has experienced several years where expenses exceeded revenue (e.g., $1,277,506 expenses vs. $946,264 revenue in 2023), raising questions about its long-term financial sustainability without consistent revenue growth or expense control.

What are the specific program activities funded by the foundation?

Without detailed program expense breakdowns in the provided data, it's difficult to ascertain the specific activities. Further investigation into their 990, Part III, Statement of Program Service Accomplishments would be necessary.

How does the organization manage its assets given the fluctuations?

Assets have varied significantly, from $898,724 in 2014 to $329,989 in 2023. Understanding the reasons for these fluctuations, such as investment performance, asset sales, or significant capital expenditures, would provide insight into asset management strategies.

Filing History

IRS 990 filing history for Gambino Medical & Science Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Gambino Medical & Science Foundation Inc's revenue has grown by 65.3%, moving from $572K to $946K. Total assets decreased by 7% over the same period, from $355K to $330K. Total functional expenses rose by 380.8%, from $266K to $1.3M. In its most recent filing year (2023), Gambino Medical & Science Foundation Inc reported a deficit of $331K, with expenses exceeding revenue. The organization holds $9K in liabilities against $330K in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $321K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$946K	$1.3M	$330K	$9K	—	—
2022	$927K	$815K	$658K	$6K	—	View 990
2021	$810K	$860K	$547K	$7K	—	View 990
2020	$627K	$624K	$594K	$4K	—	View 990
2019	$806K	$787K	$599K	$12K	—	View 990
2015	$1.1M	$1.4M	$575K	$9K	—	View 990
2014	$610K	$159K	$899K	$2K	—	View 990
2013	$553K	$725K	$448K	$2K	—	View 990
2012	$499K	$236K	$618K	$1	—	View 990
2011	$572K	$266K	$355K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $946K, expenses of $1.3M, and assets of $330K (revenue +2.1% year-over-year).
2022: Revenue of $927K, expenses of $815K, and assets of $658K (revenue +14.4% year-over-year).
2021: Revenue of $810K, expenses of $860K, and assets of $547K (revenue +29.2% year-over-year).
2020: Revenue of $627K, expenses of $624K, and assets of $594K (revenue -22.2% year-over-year).
2019: Revenue of $806K, expenses of $787K, and assets of $599K (revenue -26.3% year-over-year).
2015: Revenue of $1.1M, expenses of $1.4M, and assets of $575K (revenue +79.1% year-over-year).
2014: Revenue of $610K, expenses of $159K, and assets of $899K (revenue +10.4% year-over-year).
2013: Revenue of $553K, expenses of $725K, and assets of $448K (revenue +10.8% year-over-year).
2012: Revenue of $499K, expenses of $236K, and assets of $618K (revenue -12.8% year-over-year).
2011: Revenue of $572K, expenses of $266K, and assets of $355K.

Data Sources and Methodology

This transparency report for Gambino Medical & Science 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.