George Talmadge Grigsby Jrcharitable Foundation
Small Las Vegas foundation shows modest revenue and asset growth with no officer compensation.
EIN: 204792208 · Las Vegas, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $6K |
| Program Spending | 80% |
| Net Assets | $14K |
| Transparency Score | 85/100 |
Is George Talmadge Grigsby Jrcharitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George Talmadge Grigsby Jrcharitable Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George Talmadge Grigsby Jrcharitable Foundation
George Talmadge Grigsby Jrcharitable Foundation (EIN: 204792208) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T20. The organization reported total revenue of $10K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George Talmadge Grigsby Jrcharitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George Talmadge Grigsby Jrcharitable Foundation is a micro nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 216.3%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $6K |
| Surplus / Deficit | +$4K |
| Total Assets | $14K |
| Total Liabilities | $1 |
| Net Assets | $14K |
| Operating Margin | 35.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 26.8 months |
Financial Health Grade: A
In 2019, George Talmadge Grigsby Jrcharitable Foundation reported a surplus of $4K with revenue exceeding expenses, holds 26.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), George Talmadge Grigsby Jrcharitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 216.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +1000800.0% | +160.6% | +61.5% |
| 2015 | -100.0% | -10.8% | -21.7% |
| 2014 | +0.0% | +117.6% | +24.2% |
| 2013 | +66.7% | +106.6% | +68.2% |
| 2012 | +299900.0% | -56.7% | +77.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 George Talmadge Grigsby Jrcharitable Foundation with a Mission Score of 85 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, George Talmadge Grigsby Jrcharitable Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the foundation, which is highly efficient for a small organization.
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.
Strengths
The following positive indicators were identified for George Talmadge Grigsby Jrcharitable Foundation:
- No officer compensation reported across all filings, indicating high efficiency in executive overhead.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
- Minimal liabilities ($1 in latest filing), indicating strong financial stability.
- Modest but consistent growth in assets and revenue over time, suggesting sustainable operations.
Frequently Asked Questions about George Talmadge Grigsby Jrcharitable Foundation
Is George Talmadge Grigsby Jrcharitable Foundation a legitimate charity?
George Talmadge Grigsby Jrcharitable Foundation (EIN: 204792208) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 85/100. It has 6 years of IRS 990 filings on record. Total revenue: $10K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does George Talmadge Grigsby Jrcharitable Foundation spend its money?
George Talmadge Grigsby Jrcharitable Foundation directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to George Talmadge Grigsby Jrcharitable Foundation tax-deductible?
George Talmadge Grigsby Jrcharitable Foundation is registered as a tax-exempt nonprofit (EIN: 204792208). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does George Talmadge Grigsby Jrcharitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), George Talmadge Grigsby Jrcharitable 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 George Talmadge Grigsby Jrcharitable Foundation located?
George Talmadge Grigsby Jrcharitable Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 204792208. It is classified under NTEE code T20.
How many years of IRS 990 filings does George Talmadge Grigsby Jrcharitable Foundation have?
George Talmadge Grigsby Jrcharitable Foundation has 6 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 $10K in total revenue.
Is the George Talmadge Grigsby Jr Charitable Foundation a good charity?
Based on the available data, the foundation appears to be a responsibly managed small charity. It has no officer compensation, minimal liabilities, and consistently files its IRS 990s, indicating transparency. Its small scale means its impact is likely localized or focused on specific, limited initiatives.
How does the foundation's spending efficiency compare to similar organizations?
With 0% officer compensation, the foundation demonstrates excellent efficiency in terms of executive overhead. While a detailed program spending ratio isn't explicitly broken down in the provided data, the absence of executive salaries suggests a high potential for funds to be directed towards its mission, assuming other administrative costs are also kept low.
What is the trend in the foundation's financial health?
The foundation shows a trend of modest growth in both revenue and assets over the years. For example, assets grew from $3,075 in 2011 to $14,424 in 2019, and revenue increased from $1 in 2011 to $10,009 in 2019, indicating a stable and slowly expanding financial base.
Filing History
IRS 990 filing history for George Talmadge Grigsby Jrcharitable Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), George Talmadge Grigsby Jrcharitable Foundation's revenue has grown by 1000800%, moving from $1 to $10K. Total assets increased by 369.1% over the same period, from $3K to $14K. Total functional expenses rose by 352.6%, from $1K to $6K. In its most recent filing year (2019), George Talmadge Grigsby Jrcharitable Foundation reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1 in liabilities against $14K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $10K | $6K | $14K | $1 | — | View 990 |
| 2015 | $1 | $2K | $9K | $1 | — | View 990 |
| 2014 | $5K | $3K | $11K | $1 | — | View 990 |
| 2013 | $5K | $1K | $9K | $1 | — | View 990 |
| 2012 | $3K | $617 | $5K | $1 | — | View 990 |
| 2011 | $1 | $1K | $3K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $10K, expenses of $6K, and assets of $14K (revenue +1000800.0% year-over-year).
- 2015: Revenue of $1, expenses of $2K, and assets of $9K (revenue -100.0% year-over-year).
- 2014: Revenue of $5K, expenses of $3K, and assets of $11K (revenue +0.0% year-over-year).
- 2013: Revenue of $5K, expenses of $1K, and assets of $9K (revenue +66.7% year-over-year).
- 2012: Revenue of $3K, expenses of $617, and assets of $5K (revenue +299900.0% year-over-year).
- 2011: Revenue of $1, expenses of $1K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George Talmadge Grigsby Jrcharitable Foundation:
Data Sources and Methodology
This transparency report for George Talmadge Grigsby Jrcharitable 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.