Gay Wise Foundation Inc
Gay Wise Foundation Inc. consistently spends more than it earns, drawing down assets over the past decade.
EIN: 203771728 · Towson, MD · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $144K |
| Total Expenses | $109K |
| Program Spending | 70% |
| Net Assets | $902K |
| Transparency Score | 60/100 |
Is Gay Wise Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gay Wise Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Gay Wise Foundation Inc
Gay Wise Foundation Inc (EIN: 203771728) is a nonprofit organization based in Towson, MD, classified under NTEE code T22. The organization reported total revenue of $144K and total assets of $903K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gay Wise Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gay Wise 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 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $109K |
| Surplus / Deficit | $-67,369 |
| Total Assets | $902K |
| Total Liabilities | $1 |
| Net Assets | $902K |
| Operating Margin | -160.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 99.0 months |
Financial Health Grade: B
In 2023, Gay Wise Foundation Inc reported a deficit of $67K with expenses exceeding revenue, holds 99.0 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 Wise Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.9% | -15.1% | -6.9% |
| 2022 | +11.3% | +17.2% | +1.1% |
| 2021 | +182.8% | +5.8% | +1.6% |
| 2020 | +29.7% | +11.9% | -5.9% |
| 2019 | -8.8% | +2.4% | -19.4% |
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 Gay Wise Foundation Inc with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Gay Wise Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $67K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is a positive sign for resource allocation and mission focus.
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 Wise Foundation Inc's IRS 990 filings:
- Consistent operational deficits, with expenses frequently exceeding revenue (e.g., 202312: $109,339 expenses vs. $41,970 revenue).
- Declining asset base over the past decade, from $1.3 million in 2011 to $902,388 in 2023, indicating unsustainable spending.
- Reliance on drawing down assets to cover operational costs.
Strengths
The following positive indicators were identified for Gay Wise Foundation Inc:
- Zero officer compensation reported, indicating volunteer leadership and efficient use of funds for personnel.
- Very low liabilities ($1 in most recent filings), suggesting no significant debt burden.
- Consistent filing history, demonstrating good transparency.
Frequently Asked Questions about Gay Wise Foundation Inc
Is Gay Wise Foundation Inc a legitimate charity?
Gay Wise Foundation Inc (EIN: 203771728) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $144K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gay Wise Foundation Inc spend its money?
Gay Wise Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Gay Wise Foundation Inc tax-deductible?
Gay Wise Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203771728). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gay Wise Foundation Inc's spending goes to programs?
Gay Wise Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Gay Wise Foundation Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Gay Wise Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gay Wise Foundation Inc located?
Gay Wise Foundation Inc is headquartered in Towson, Maryland and files with the IRS under EIN 203771728. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gay Wise Foundation Inc have?
Gay Wise Foundation Inc has 10 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 $144K in total revenue.
Is Gay Wise Foundation Inc. financially sustainable?
Based on the provided data, the organization is not financially sustainable in its current operational model, as it consistently spends significantly more than its revenue, leading to a decline in assets from $1.3 million in 2011 to $902,388 in 2023.
What is the trend in the organization's assets?
The organization's assets have been on a declining trend, decreasing from $1,315,900 in 2011 to $902,388 in 2023, largely due to consistent operational deficits.
How does the organization cover its expenses given the revenue shortfalls?
The organization appears to cover its expenses by drawing down its existing assets, as evidenced by the consistent decline in assets over the years while expenses frequently exceed revenue.
What is the organization's liability situation?
The organization maintains an extremely low liability profile, consistently reporting only $1 in liabilities in most recent filings, indicating strong financial solvency in terms of debt.
Filing History
IRS 990 filing history for Gay Wise Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gay Wise Foundation Inc's revenue has grown by 13.7%, moving from $37K to $42K. Total assets decreased by 31.4% over the same period, from $1.3M to $902K. Total functional expenses rose by 25.5%, from $87K to $109K. In its most recent filing year (2023), Gay Wise Foundation Inc reported a deficit of $67K, with expenses exceeding revenue. The organization holds $1 in liabilities against $902K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $902K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42K | $109K | $902K | $1 | — | — |
| 2022 | $139K | $129K | $970K | $1 | — | View 990 |
| 2021 | $125K | $110K | $959K | $1 | — | — |
| 2020 | $44K | $104K | $944K | $1 | — | — |
| 2019 | $34K | $93K | $1.0M | $1 | — | View 990 |
| 2015 | $37K | $91K | $1.2M | $1 | — | View 990 |
| 2014 | $95K | $92K | $1.3M | $1 | — | View 990 |
| 2013 | $91K | $94K | $1.3M | $1 | — | View 990 |
| 2012 | $57K | $85K | $1.3M | $1 | — | View 990 |
| 2011 | $37K | $87K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42K, expenses of $109K, and assets of $902K (revenue -69.9% year-over-year).
- 2022: Revenue of $139K, expenses of $129K, and assets of $970K (revenue +11.3% year-over-year).
- 2021: Revenue of $125K, expenses of $110K, and assets of $959K (revenue +182.8% year-over-year).
- 2020: Revenue of $44K, expenses of $104K, and assets of $944K (revenue +29.7% year-over-year).
- 2019: Revenue of $34K, expenses of $93K, and assets of $1.0M (revenue -8.8% year-over-year).
- 2015: Revenue of $37K, expenses of $91K, and assets of $1.2M (revenue -60.5% year-over-year).
- 2014: Revenue of $95K, expenses of $92K, and assets of $1.3M (revenue +4.5% year-over-year).
- 2013: Revenue of $91K, expenses of $94K, and assets of $1.3M (revenue +58.8% year-over-year).
- 2012: Revenue of $57K, expenses of $85K, and assets of $1.3M (revenue +54.6% year-over-year).
- 2011: Revenue of $37K, expenses of $87K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gay Wise Foundation Inc:
Data Sources and Methodology
This transparency report for Gay Wise 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.