Geer Foundation Inc
EIN: 61230842 · Canaan, CT
Is Geer Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Geer Foundation Inc
Geer Foundation Inc (EIN: 61230842) is a nonprofit organization based in Canaan, CT. The organization reported total revenue of $9K and total assets of $185K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Geer Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Geer Foundation Inc is a micro nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34K |
| Total Expenses | $20K |
| Surplus / Deficit | +$14K |
| Total Assets | $182K |
| Total Liabilities | $50 |
| Net Assets | $182K |
| Operating Margin | 41.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 111.4 months |
Financial Health Grade: A
In 2023, Geer Foundation Inc reported a surplus of $14K with revenue exceeding expenses, holds 111.4 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), Geer Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.1% | -15.1% | +6.7% |
| 2022 | -38.7% | +14.4% | +21.0% |
| 2021 | +37.4% | -39.7% | +71.5% |
| 2020 | +17.3% | -10.6% | +53.9% |
| 2019 | +54.2% | -5.1% | +18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Geer Foundation Inc 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 Geer Foundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Geer Foundation Inc
Is Geer Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Geer Foundation Inc (EIN: 61230842) insufficient data. 0 red flags identified, 0 strengths noted.
How does Geer Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Geer Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Geer Foundation Inc tax-deductible?
Geer Foundation Inc is registered as a tax-exempt nonprofit (EIN: 61230842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Geer Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Geer Foundation Inc's revenue has declined by 86.7%, moving from $252K to $34K. Total assets decreased by 37.2% over the same period, from $289K to $182K. Total functional expenses fell by 61.5%, from $51K to $20K. In its most recent filing year (2023), Geer Foundation Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $50 in liabilities against $182K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $182K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34K | $20K | $182K | $50 | — | — |
| 2022 | $50K | $23K | $170K | $3K | — | View 990 |
| 2021 | $82K | $20K | $141K | $0 | — | View 990 |
| 2020 | $59K | $33K | $82K | $3K | — | — |
| 2019 | $51K | $37K | $53K | $0 | — | — |
| 2018 | $33K | $39K | $45K | $5K | — | View 990 |
| 2014 | $3K | $2K | $88K | $9K | — | View 990 |
| 2013 | $2K | $51K | $86K | $9K | — | View 990 |
| 2012 | $12K | $167K | $134K | $9K | — | View 990 |
| 2011 | $252K | $51K | $289K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34K, expenses of $20K, and assets of $182K (revenue -33.1% year-over-year).
- 2022: Revenue of $50K, expenses of $23K, and assets of $170K (revenue -38.7% year-over-year).
- 2021: Revenue of $82K, expenses of $20K, and assets of $141K (revenue +37.4% year-over-year).
- 2020: Revenue of $59K, expenses of $33K, and assets of $82K (revenue +17.3% year-over-year).
- 2019: Revenue of $51K, expenses of $37K, and assets of $53K (revenue +54.2% year-over-year).
- 2018: Revenue of $33K, expenses of $39K, and assets of $45K (revenue +1050.4% year-over-year).
- 2014: Revenue of $3K, expenses of $2K, and assets of $88K (revenue +60.3% year-over-year).
- 2013: Revenue of $2K, expenses of $51K, and assets of $86K (revenue -84.8% year-over-year).
- 2012: Revenue of $12K, expenses of $167K, and assets of $134K (revenue -95.3% year-over-year).
- 2011: Revenue of $252K, expenses of $51K, and assets of $289K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Geer Foundation Inc:
Data Sources and Methodology
This transparency report for Geer 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.