Ganahi Family Foundation
Ganahi Family Foundation consistently grows assets with low expenses and no reported officer compensation.
EIN: 205924646 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Ganahi Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ganahi Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ganahi Family Foundation
Ganahi Family Foundation (EIN: 205924646) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ganahi Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ganahi Family Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $727K |
| Total Expenses | $261K |
| Surplus / Deficit | +$467K |
| Total Assets | $4.2M |
| Total Liabilities | $1 |
| Net Assets | $4.2M |
| Operating Margin | 64.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 191.8 months |
Financial Health Grade: A
In 2023, Ganahi Family Foundation reported a surplus of $467K with revenue exceeding expenses, holds 191.8 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), Ganahi Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 29.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.6% | +37.3% | +12.6% |
| 2022 | -8.0% | -5.1% | +16.3% |
| 2021 | +60.9% | -21.1% | +21.9% |
| 2020 | -0.6% | +237.4% | +9.5% |
| 2019 | +7.6% | -28.2% | +129.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Ganahi Family Foundation 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, Ganahi Family 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 surplus of $467K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Ganahi Family Foundation reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through means not classified as officer compensation on the 990, 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 Ganahi Family Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown within the provided data, making it difficult to assess specific programmatic impact beyond overall efficiency.
Strengths
The following positive indicators were identified for Ganahi Family Foundation:
- Consistent asset growth, from $643,393 in 2011 to $4,164,802 in 2023, demonstrating strong financial management.
- Extremely low liabilities, consistently reported as $1, indicating financial stability and minimal debt.
- No reported officer compensation, suggesting high efficiency in resource allocation.
- Low expense ratio relative to revenue (e.g., 35.8% in 2023), allowing for significant reinvestment or program funding.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Ganahi Family Foundation
Is Ganahi Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ganahi Family Foundation (EIN: 205924646) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Ganahi Family Foundation spend its money?
Ganahi Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ganahi Family Foundation tax-deductible?
Ganahi Family Foundation is registered as a tax-exempt nonprofit (EIN: 205924646). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ganahi Family Foundation a good charity?
Based on its financial data, the Ganahi Family Foundation appears to be a very good charity. It demonstrates strong financial health, efficient spending with low expenses relative to revenue, consistent asset growth, and no reported officer compensation, suggesting a high dedication of resources to its mission.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time. Assets have grown from $643,393 in 2011 to $4,164,802 in 2023, and revenue has shown substantial growth, indicating a robust and expanding financial base.
What is the foundation's approach to executive compensation?
The foundation reports 0% officer compensation in all available filings, indicating that its executives are not compensated through traditional officer salaries reported on the 990, which is a highly efficient practice for a nonprofit.
How efficient is the foundation's spending?
The foundation's spending is highly efficient. For example, in 2023, expenses were $260,631 against revenue of $727,455, meaning only about 35.8% of revenue was spent, allowing a significant portion to be retained or invested for future programs.
Does the foundation have any significant liabilities?
No, the foundation consistently reports liabilities of only $1 across all available filings, indicating an extremely stable financial position with virtually no debt.
Filing History
IRS 990 filing history for Ganahi Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ganahi Family Foundation's revenue has grown by 2199%, moving from $32K to $727K. Total assets increased by 547.3% over the same period, from $643K to $4.2M. Total functional expenses rose by 184.4%, from $92K to $261K. In its most recent filing year (2023), Ganahi Family Foundation reported a surplus of $467K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $727K | $261K | $4.2M | $1 | — | View 990 |
| 2022 | $709K | $190K | $3.7M | $1 | — | View 990 |
| 2021 | $771K | $200K | $3.2M | $1 | — | View 990 |
| 2020 | $479K | $254K | $2.6M | $1 | — | View 990 |
| 2019 | $482K | $75K | $2.4M | $1 | — | View 990 |
| 2015 | $448K | $105K | $1.0M | $1 | — | View 990 |
| 2014 | $69K | $95K | $696K | $1 | — | View 990 |
| 2013 | $167K | $86K | $723K | $1 | — | View 990 |
| 2012 | $54K | $55K | $642K | $1 | — | View 990 |
| 2011 | $32K | $92K | $643K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $727K, expenses of $261K, and assets of $4.2M (revenue +2.6% year-over-year).
- 2022: Revenue of $709K, expenses of $190K, and assets of $3.7M (revenue -8.0% year-over-year).
- 2021: Revenue of $771K, expenses of $200K, and assets of $3.2M (revenue +60.9% year-over-year).
- 2020: Revenue of $479K, expenses of $254K, and assets of $2.6M (revenue -0.6% year-over-year).
- 2019: Revenue of $482K, expenses of $75K, and assets of $2.4M (revenue +7.6% year-over-year).
- 2015: Revenue of $448K, expenses of $105K, and assets of $1.0M (revenue +549.2% year-over-year).
- 2014: Revenue of $69K, expenses of $95K, and assets of $696K (revenue -58.7% year-over-year).
- 2013: Revenue of $167K, expenses of $86K, and assets of $723K (revenue +208.6% year-over-year).
- 2012: Revenue of $54K, expenses of $55K, and assets of $642K (revenue +70.9% year-over-year).
- 2011: Revenue of $32K, expenses of $92K, and assets of $643K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ganahi Family Foundation:
Data Sources and Methodology
This transparency report for Ganahi Family 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.