Gdl Foundation
Gdl Foundation faces persistent operating deficits with declining assets despite zero officer compensation.
EIN: 206390199 · Greenwich, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $368K |
| Total Expenses | $135K |
| Program Spending | 70% |
| Net Assets | $1.4M |
| Transparency Score | 65/100 |
Is Gdl Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gdl Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Gdl Foundation
Gdl Foundation (EIN: 206390199) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T20. The organization reported total revenue of $368K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gdl Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gdl Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -684.9% | +13.6% | -16.0% |
| 2022 | -91.7% | -31.0% | -5.7% |
| 2021 | +65.4% | +60.2% | +5.1% |
| 2020 | +201.8% | +93.2% | +2.9% |
| 2019 | +192.0% | -63.8% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Gdl Foundation with a Mission Score of 65 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, Gdl Foundation 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive sign for minimizing overhead.
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 Gdl Foundation's IRS 990 filings:
- Recurring negative revenue in multiple periods (e.g., $-124,132 in 202312, $-162,445 in 201212).
- Consistent operational deficits where expenses frequently exceed revenue (e.g., 202312 expenses $135,457 vs. revenue $-124,132).
- Gradual but significant decline in total assets over the past decade, from $2,106,111 in 2011 to $1,368,359 in 2023.
Strengths
The following positive indicators were identified for Gdl Foundation:
- Consistent reporting of 0% officer compensation, indicating a commitment to directing funds away from executive salaries.
- Maintains a substantial asset base ($1,368,359 in 2023) despite operational challenges, providing some financial cushion.
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Frequently Asked Questions about Gdl Foundation
Is Gdl Foundation a legitimate charity?
Gdl Foundation (EIN: 206390199) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $368K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gdl Foundation spend its money?
Gdl Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Gdl Foundation tax-deductible?
Gdl Foundation is registered as a tax-exempt nonprofit (EIN: 206390199). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gdl Foundation's spending goes to programs?
Gdl Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Gdl Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Gdl Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gdl Foundation located?
Gdl Foundation is headquartered in Greenwich, Connecticut and files with the IRS under EIN 206390199. It is classified under NTEE code T20.
How many years of IRS 990 filings does Gdl Foundation have?
Gdl Foundation 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 $368K in total revenue.
Is Gdl Foundation financially stable?
The Gdl Foundation's financial stability is questionable given the recurring negative net revenue and the consistent decline in assets from $2,106,111 in 2011 to $1,368,359 in 2023. While it has substantial assets, the operational deficits suggest a reliance on drawing down reserves rather than sustainable revenue generation.
How does Gdl Foundation spend its money?
Based on the available data, the Gdl Foundation consistently incurs more expenses than it generates in revenue in many periods. For example, in 202312, expenses were $135,457 against a negative revenue of $-124,132. Without a detailed breakdown of expenses (program, admin, fundraising), it's difficult to ascertain the exact allocation, but the overall trend points to spending exceeding income.
What is the trend in Gdl Foundation's revenue?
The Gdl Foundation's revenue has been highly volatile and inconsistent, ranging from a high of $256,105 in 202112 to significant negative figures like $-124,132 in 202312 and $-162,445 in 201212. There is no clear upward or stable trend in revenue generation.
Filing History
IRS 990 filing history for Gdl Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gdl Foundation's revenue has declined by 420.8%, moving from $39K to $-124,132. Total assets decreased by 35% over the same period, from $2.1M to $1.4M. Total functional expenses fell by 30.8%, from $196K to $135K. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-124,132 | $135K | $1.4M | $1 | — | — |
| 2022 | $21K | $119K | $1.6M | $1 | — | View 990 |
| 2021 | $256K | $173K | $1.7M | $1 | — | — |
| 2020 | $155K | $108K | $1.6M | $1 | — | View 990 |
| 2019 | $51K | $56K | $1.6M | $1 | — | View 990 |
| 2015 | $18K | $154K | $1.6M | $0 | — | View 990 |
| 2014 | $70K | $106K | $1.7M | $0 | — | View 990 |
| 2013 | $-684 | $90K | $1.7M | $0 | — | View 990 |
| 2012 | $-162,445 | $128K | $1.8M | $0 | — | View 990 |
| 2011 | $39K | $196K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-124,132, expenses of $135K, and assets of $1.4M (revenue -684.9% year-over-year).
- 2022: Revenue of $21K, expenses of $119K, and assets of $1.6M (revenue -91.7% year-over-year).
- 2021: Revenue of $256K, expenses of $173K, and assets of $1.7M (revenue +65.4% year-over-year).
- 2020: Revenue of $155K, expenses of $108K, and assets of $1.6M (revenue +201.8% year-over-year).
- 2019: Revenue of $51K, expenses of $56K, and assets of $1.6M (revenue +192.0% year-over-year).
- 2015: Revenue of $18K, expenses of $154K, and assets of $1.6M (revenue -74.9% year-over-year).
- 2014: Revenue of $70K, expenses of $106K, and assets of $1.7M.
- 2013: Revenue of $-684, expenses of $90K, and assets of $1.7M.
- 2012: Revenue of $-162,445, expenses of $128K, and assets of $1.8M (revenue -519.8% year-over-year).
- 2011: Revenue of $39K, expenses of $196K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gdl Foundation:
Data Sources and Methodology
This transparency report for Gdl 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.