Ge Foundation
GE Foundation: Consistent Grantmaking, Volatile Revenue
EIN: 222621967 · Norwalk, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $16.7M |
| Total Expenses | $6.0M |
| Program Spending | 85% |
| Net Assets | $12.2M |
| Transparency Score | 75/100 |
Is Ge Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ge Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ge Foundation
Ge Foundation (EIN: 222621967) is a nonprofit organization based in Norwalk, CT. The organization reported total revenue of $16.7M and total assets of $17.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ge Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ge Foundation is a large nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.7M |
| Total Expenses | $6.0M |
| Surplus / Deficit | +$10.7M |
| Total Assets | $17.3M |
| Total Liabilities | $5.1M |
| Net Assets | $12.2M |
| Operating Margin | 64.2% |
| Debt-to-Asset Ratio | 29.4% |
| Months of Reserves | 34.8 months |
Financial Health Grade: A
In 2023, Ge Foundation reported a surplus of $10.7M with revenue exceeding expenses, holds 34.8 months of operating reserves (strong position), has a debt-to-asset ratio of 29.4% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Ge Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.7% | -83.8% | +463.0% |
| 2022 | +28.4% | +33.2% | -39.1% |
| 2021 | -8.1% | +1.9% | +23.9% |
| 2020 | -16.2% | -23.7% | -36.0% |
| 2019 | -65.7% | -66.1% | -65.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Ge Foundation with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ge Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $10.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.4%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as the 'c0%' indicates no compensation reported for the listed years, suggesting it may be covered by GE corporate or not directly paid by the foundation.
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 Ge Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility, with a drop from $35.3M in 2022 to $16.7M in 2023, could impact future program stability.
- The 'c0%' for compensation across all years might indicate a lack of direct compensation reporting within the foundation's filings, potentially obscuring the true cost of leadership.
Strengths
The following positive indicators were identified for Ge Foundation:
- Consistently high percentage of expenses dedicated to programs (e.g., $5,981,110 out of $5,981,110 total expenses in 2023, indicating 100% program spending if 'x' represents total expenses and 'l' represents program expenses).
- Maintains a healthy asset base relative to annual expenditures, providing financial resilience.
- Long history of operations with consistent grantmaking activities.
Frequently Asked Questions about Ge Foundation
Is Ge Foundation a legitimate charity?
Ge Foundation (EIN: 222621967) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $16.7M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Ge Foundation spend its money?
Ge Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ge Foundation tax-deductible?
Ge Foundation is registered as a tax-exempt nonprofit (EIN: 222621967). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ge Foundation's spending goes to programs?
Ge Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ge Foundation located?
Ge Foundation is headquartered in Norwalk, Connecticut and files with the IRS under EIN 222621967.
How many years of IRS 990 filings does Ge Foundation have?
Ge 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 $16.7M in total revenue.
What does Ge Foundation do?
Ge Foundation is a nonprofit organization in the Unknown sector, located in Norwalk, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Ge Foundation have?
Ge Foundation reported total revenue of $16,717,913. Based on 10 IRS 990 filings on record.
What are Ge Foundation's total assets?
Ge Foundation holds total assets of $17,339,609 as reported in IRS 990 filings.
Where is Ge Foundation located?
Ge Foundation is based in Norwalk, Connecticut.
What is Ge Foundation's EIN?
Ge Foundation's Employer Identification Number (EIN) is 222621967. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ge Foundation?
Ge Foundation is classified under NTEE code Unknown (Unknown).
Is Ge Foundation a registered 501(c)(3)?
Ge Foundation appears in IRS records (EIN: 222621967). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ge Foundation file IRS Form 990?
Yes, Ge Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Ge Foundation's revenue in 2023?
In the 202312 filing period, Ge Foundation reported total revenue of $16,717,913, total expenses of $5,981,110, and net assets of $17,339,609.
Is Ge Foundation's revenue growing or declining?
Ge Foundation's revenue is declining. Revenue went from $35,323,009 (202212) to $16,717,913 (202312), a -52.7% change. Based on 10 filings on record.
What is Ge Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Ge Foundation covers tax period 202312. It shows revenue of $16,717,913, expenses of $5,981,110, total assets of $17,339,609, and liabilities of $5,104,125.
How much does Ge Foundation spend on programs vs administration?
Based on IRS 990 analysis, Ge Foundation allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Ge Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Ge Foundation appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Ge Foundation?
The following concerns were identified: Significant year-over-year revenue volatility, with a drop from $35.3M in 2022 to $16.7M in 2023, could impact future program stability.. The 'c0%' for compensation across all years might indicate a lack of direct compensation reporting within the foundation's filings, potentially obscuring the true cost of leadership.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ge Foundation's strengths?
Positive indicators for Ge Foundation include: Consistently high percentage of expenses dedicated to programs (e.g., $5,981,110 out of $5,981,110 total expenses in 2023, indicating 100% program spending if 'x' represents total expenses and 'l' represents program expenses).. Maintains a healthy asset base relative to annual expenditures, providing financial resilience.. Long history of operations with consistent grantmaking activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Ge Foundation compensate executives?
Executive compensation is not explicitly detailed in the provided data, as the 'c0%' indicates no compensation reported for the listed years, suggesting it may be covered by GE corporate or not directly paid by the foundation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the GE Foundation manage its program continuity despite significant fluctuations in annual revenue, such as the drop from $35.3M in 2022 to $16.7M in 2023?
The foundation likely leverages its substantial asset base (e.g., $17.3M in 2023) and potentially relies on multi-year funding commitments or strategic reserves to smooth out the impact of revenue volatility on its program delivery.
Given the 'c0%' compensation reported, how are the operational and leadership costs of the GE Foundation covered, and what implications does this have for its administrative efficiency metrics?
It is probable that administrative and leadership costs are either absorbed by the parent company, General Electric, or are covered through other mechanisms not directly reported as compensation within these specific foundation filings. This could make the foundation's administrative efficiency appear exceptionally high, as direct salary expenses are not reflected.
Filing History
IRS 990 filing history for Ge Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ge Foundation's revenue has declined by 86.4%, moving from $122.6M to $16.7M. Total assets decreased by 18.8% over the same period, from $21.4M to $17.3M. Total functional expenses fell by 95.1%, from $121.4M to $6.0M. In its most recent filing year (2023), Ge Foundation reported a surplus of $10.7M, with revenue exceeding expenses. The organization holds $5.1M in liabilities against $17.3M in assets (debt-to-asset ratio: 29.4%), resulting in net assets of $12.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.7M | $6.0M | $17.3M | $5.1M | — | — |
| 2022 | $35.3M | $37.0M | $3.1M | $1.6M | — | View 990 |
| 2021 | $27.5M | $27.8M | $5.1M | $1.9M | — | View 990 |
| 2020 | $29.9M | $27.3M | $4.1M | $583K | — | View 990 |
| 2019 | $35.7M | $35.8M | $6.4M | $5.5M | — | View 990 |
| 2015 | $104.2M | $105.6M | $18.3M | $18.1M | — | View 990 |
| 2014 | $110.5M | $110.9M | $22.8M | $21.2M | — | View 990 |
| 2013 | $133.4M | $132.5M | $24.1M | $22.0M | — | View 990 |
| 2012 | $132.9M | $134.2M | $19.1M | $18.0M | — | View 990 |
| 2011 | $122.6M | $121.4M | $21.4M | $19.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.7M, expenses of $6.0M, and assets of $17.3M (revenue -52.7% year-over-year).
- 2022: Revenue of $35.3M, expenses of $37.0M, and assets of $3.1M (revenue +28.4% year-over-year).
- 2021: Revenue of $27.5M, expenses of $27.8M, and assets of $5.1M (revenue -8.1% year-over-year).
- 2020: Revenue of $29.9M, expenses of $27.3M, and assets of $4.1M (revenue -16.2% year-over-year).
- 2019: Revenue of $35.7M, expenses of $35.8M, and assets of $6.4M (revenue -65.7% year-over-year).
- 2015: Revenue of $104.2M, expenses of $105.6M, and assets of $18.3M (revenue -5.7% year-over-year).
- 2014: Revenue of $110.5M, expenses of $110.9M, and assets of $22.8M (revenue -17.2% year-over-year).
- 2013: Revenue of $133.4M, expenses of $132.5M, and assets of $24.1M (revenue +0.4% year-over-year).
- 2012: Revenue of $132.9M, expenses of $134.2M, and assets of $19.1M (revenue +8.4% year-over-year).
- 2011: Revenue of $122.6M, expenses of $121.4M, and assets of $21.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ge Foundation:
Data Sources and Methodology
This transparency report for Ge 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.