Gary Balletto Foundation
EIN: 300963431 · Cranston, RI · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $11K |
| Total Expenses | $12K |
| Net Assets | $2K |
Is Gary Balletto Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gary Balletto Foundation
Gary Balletto Foundation (EIN: 300963431) is a nonprofit organization based in Cranston, RI, classified under NTEE code P20. The organization reported total revenue of $11K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gary Balletto Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gary Balletto Foundation is a micro nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2017–2021). Revenue has grown at a compound annual rate of -23.2%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $12K |
| Surplus / Deficit | $-1,329 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -12.2% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2021, Gary Balletto Foundation reported a deficit of $1K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2017–2021), Gary Balletto Foundation's revenue has declined at a compound annual growth rate (CAGR) of -23.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -71.5% | -80.0% | -41.8% |
| 2020 | -34.6% | -28.0% | -87.8% |
| 2019 | -32.3% | +143.6% | -50.3% |
| 2018 | +176.0% | +15.0% | +5207.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gary Balletto Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gary Balletto Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
Frequently Asked Questions about Gary Balletto Foundation
Is Gary Balletto Foundation a legitimate charity?
Gary Balletto Foundation (EIN: 300963431) is a registered tax-exempt nonprofit based in Rhode Island. It has 5 years of IRS 990 filings on record. Total revenue: $11K. No red flags identified. Financial health grade: C.
How does Gary Balletto Foundation spend its money?
Gary Balletto Foundation reported $11K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gary Balletto Foundation tax-deductible?
Gary Balletto Foundation is registered as a tax-exempt nonprofit (EIN: 300963431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gary Balletto Foundation located?
Gary Balletto Foundation is headquartered in Cranston, Rhode Island and files with the IRS under EIN 300963431. It is classified under NTEE code P20.
How many years of IRS 990 filings does Gary Balletto Foundation have?
Gary Balletto Foundation has 5 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 $11K in total revenue.
Filing History
IRS 990 filing history for Gary Balletto Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2017–2021), Gary Balletto Foundation's revenue has declined by 65.1%, moving from $31K to $11K. Total assets increased by 87.8% over the same period, from $987 to $2K. Total functional expenses fell by 59.6%, from $30K to $12K. In its most recent filing year (2021), Gary Balletto Foundation reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $11K | $12K | $2K | $0 | — | — |
| 2020 | $38K | $61K | $3K | $0 | — | — |
| 2019 | $58K | $85K | $26K | $0 | — | View 990 |
| 2018 | $86K | $35K | $52K | $0 | — | View 990 |
| 2017 | $31K | $30K | $987 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $11K, expenses of $12K, and assets of $2K (revenue -71.5% year-over-year).
- 2020: Revenue of $38K, expenses of $61K, and assets of $3K (revenue -34.6% year-over-year).
- 2019: Revenue of $58K, expenses of $85K, and assets of $26K (revenue -32.3% year-over-year).
- 2018: Revenue of $86K, expenses of $35K, and assets of $52K (revenue +176.0% year-over-year).
- 2017: Revenue of $31K, expenses of $30K, and assets of $987.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gary Balletto Foundation:
Data Sources and Methodology
This transparency report for Gary Balletto 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.