Gay D And William F Scott Family Foundation
Gay D And William F Scott Family Foundation consistently distributes more than its annual revenue, maintaining a substantial asset base with no officer compensation.
EIN: 203797595 · Wilmington, DE · NTEE: B82 · Updated: 2026-03-28
Is Gay D And William F Scott Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gay D And William F Scott Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gay D And William F Scott Family Foundation
Gay D And William F Scott Family Foundation (EIN: 203797595) is a nonprofit organization based in Wilmington, DE, classified under NTEE code B82. The organization reported total revenue of $1.2M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gay D And William F Scott Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gay D And William F Scott Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $344K |
| Total Expenses | $564K |
| Surplus / Deficit | $-219,553 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -63.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 34.5 months |
Financial Health Grade: B
In 2023, Gay D And William F Scott Family Foundation reported a deficit of $220K with expenses exceeding revenue, holds 34.5 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), Gay D And William F Scott Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.7% | +84.2% | -11.9% |
| 2022 | +386.2% | -33.9% | +75.9% |
| 2021 | +227.5% | -9.1% | -18.2% |
| 2020 | +67.8% | +36.3% | -29.8% |
| 2019 | -74.8% | +6.4% | -35.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Gay D And William F Scott Family Foundation with a Mission Score of 90 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, Gay D And William F Scott 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 deficit of $220K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that no salaries are paid to officers, which is highly commendable for a foundation of this size and suggests a strong dedication to direct philanthropic impact.
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 Gay D And William F Scott Family Foundation's IRS 990 filings:
- Consistent spending exceeding revenue, potentially drawing down endowment without clear replenishment strategy (though common for grant-making foundations)
Strengths
The following positive indicators were identified for Gay D And William F Scott Family Foundation:
- 0% Officer Compensation across all reported periods, indicating high efficiency in directing funds to mission.
- Consistent grant-making activity, with expenses often exceeding revenue.
- Strong asset base, providing long-term stability for philanthropic activities.
- Excellent financial management with negligible liabilities ($0 or $1 reported).
Frequently Asked Questions about Gay D And William F Scott Family Foundation
Is Gay D And William F Scott Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gay D And William F Scott Family Foundation (EIN: 203797595) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Gay D And William F Scott Family Foundation spend its money?
Gay D And William F Scott Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gay D And William F Scott Family Foundation tax-deductible?
Gay D And William F Scott Family Foundation is registered as a tax-exempt nonprofit (EIN: 203797595). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Gay D And William F Scott Family Foundation a good charity?
Based on the available data, the foundation appears to be a good charity. It reports 0% officer compensation, indicating that all funds are directed towards its mission and operational costs. It consistently distributes funds, often exceeding annual revenue, demonstrating active grant-making.
How does the foundation manage its assets?
The foundation manages a substantial asset base, which has fluctuated over the years but remains significant ($1,619,393 in 202310). It appears to draw down on these assets to fund its distributions, as expenses frequently exceed revenue.
What is the trend in the foundation's revenue and expenses?
Revenue has been highly variable, ranging from $41,147 (201910) to $1,099,454 (202210). Expenses have also varied but consistently represent significant distributions, often exceeding annual revenue, such as $563,636 in expenses against $344,083 in revenue in 202310.
Filing History
IRS 990 filing history for Gay D And William F Scott Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gay D And William F Scott Family Foundation's revenue has grown by 220%, moving from $108K to $344K. Total assets decreased by 53.8% over the same period, from $3.5M to $1.6M. Total functional expenses rose by 82.2%, from $309K to $564K. In its most recent filing year (2023), Gay D And William F Scott Family Foundation reported a deficit of $220K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $344K | $564K | $1.6M | $1 | — | View 990 |
| 2022 | $1.1M | $306K | $1.8M | $1 | — | View 990 |
| 2021 | $226K | $463K | $1.0M | $1 | — | View 990 |
| 2020 | $69K | $509K | $1.3M | $0 | — | View 990 |
| 2019 | $41K | $373K | $1.8M | $0 | — | View 990 |
| 2015 | $163K | $351K | $2.8M | $0 | — | View 990 |
| 2014 | $268K | $363K | $3.0M | $0 | — | View 990 |
| 2013 | $332K | $489K | $3.1M | $0 | — | View 990 |
| 2012 | $203K | $442K | $3.3M | $1 | — | View 990 |
| 2011 | $108K | $309K | $3.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $344K, expenses of $564K, and assets of $1.6M (revenue -68.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $306K, and assets of $1.8M (revenue +386.2% year-over-year).
- 2021: Revenue of $226K, expenses of $463K, and assets of $1.0M (revenue +227.5% year-over-year).
- 2020: Revenue of $69K, expenses of $509K, and assets of $1.3M (revenue +67.8% year-over-year).
- 2019: Revenue of $41K, expenses of $373K, and assets of $1.8M (revenue -74.8% year-over-year).
- 2015: Revenue of $163K, expenses of $351K, and assets of $2.8M (revenue -39.2% year-over-year).
- 2014: Revenue of $268K, expenses of $363K, and assets of $3.0M (revenue -19.0% year-over-year).
- 2013: Revenue of $332K, expenses of $489K, and assets of $3.1M (revenue +63.5% year-over-year).
- 2012: Revenue of $203K, expenses of $442K, and assets of $3.3M (revenue +88.6% year-over-year).
- 2011: Revenue of $108K, expenses of $309K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gay D And William F Scott Family Foundation:
Data Sources and Methodology
This transparency report for Gay D And William F Scott 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.