Georgescu Family Foundation
Georgescu Family Foundation faces consistent deficit spending with declining assets.
EIN: 134111095 · Westport, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $593K |
| Program Spending | 80% |
| Net Assets | $218K |
| Transparency Score | 65/100 |
Is Georgescu Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Georgescu Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Georgescu Family Foundation
Georgescu Family Foundation (EIN: 134111095) is a nonprofit organization based in Westport, CT, classified under NTEE code T22. The organization reported total revenue of $1.0M and total assets of $234K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Georgescu Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Georgescu Family Foundation is a mid-size nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $388K |
| Total Expenses | $593K |
| Surplus / Deficit | $-205,311 |
| Total Assets | $218K |
| Total Liabilities | $1 |
| Net Assets | $218K |
| Operating Margin | -52.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2023, Georgescu Family Foundation reported a deficit of $205K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Georgescu Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 26.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.1% | -23.1% | -53.9% |
| 2022 | +37.8% | +15.5% | -2.6% |
| 2021 | +186.6% | +5.8% | -20.1% |
| 2020 | -83.8% | -7.5% | -26.8% |
| 2019 | +43.2% | -21.4% | +1175.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Georgescu Family 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Georgescu Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $205K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers, which is a positive sign for resource allocation directly to the foundation's mission.
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 Georgescu Family Foundation's IRS 990 filings:
- Consistent deficit spending (e.g., 2023 expenses $593,364 vs. revenue $388,053)
- Significant decline in assets over time (from $1,296,604 in 2011 to $217,774 in 2023)
- High expense-to-revenue ratio in multiple years (e.g., 153% in 2023)
Strengths
The following positive indicators were identified for Georgescu Family Foundation:
- No officer compensation reported, indicating efficient use of funds for mission.
- Consistent filing of IRS 990s, demonstrating transparency.
- Maintained operations despite fluctuating revenue and asset base.
Frequently Asked Questions about Georgescu Family Foundation
Is Georgescu Family Foundation a legitimate charity?
Georgescu Family Foundation (EIN: 134111095) 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: $1.0M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Georgescu Family Foundation spend its money?
Georgescu Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Georgescu Family Foundation tax-deductible?
Georgescu Family Foundation is registered as a tax-exempt nonprofit (EIN: 134111095). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Georgescu Family Foundation's spending goes to programs?
Georgescu Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Georgescu Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Georgescu Family Foundation 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 Georgescu Family Foundation located?
Georgescu Family Foundation is headquartered in Westport, Connecticut and files with the IRS under EIN 134111095. It is classified under NTEE code T22.
How many years of IRS 990 filings does Georgescu Family Foundation have?
Georgescu Family 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 $1.0M in total revenue.
Is the Georgescu Family Foundation financially sustainable given its consistent deficit spending?
The foundation has consistently spent more than it earned in most recent years (e.g., $593,364 expenses vs. $388,053 revenue in 2023), leading to a significant decline in assets from $1,296,604 in 2011 to $217,774 in 2023. This trend raises concerns about long-term financial sustainability without a change in revenue generation or expense management.
What is the primary cause of the decline in assets?
The decline in assets appears to be directly linked to the foundation's pattern of spending more than its annual revenue. For example, in 2020, revenue was $185,848 while expenses were $631,047, contributing to a draw-down from its asset base.
How does the absence of officer compensation impact the foundation's financial health?
The 0% officer compensation across all filings means that funds are not being used for executive salaries, which can free up resources for programmatic activities or to offset other operational costs. This is generally a positive indicator for donor confidence and direct mission impact.
Filing History
IRS 990 filing history for Georgescu Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Georgescu Family Foundation's revenue has grown by 1642.6%, moving from $22K to $388K. Total assets decreased by 83.2% over the same period, from $1.3M to $218K. Total functional expenses rose by 18.8%, from $499K to $593K. In its most recent filing year (2023), Georgescu Family Foundation reported a deficit of $205K, with expenses exceeding revenue. The organization holds $1 in liabilities against $218K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $218K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $388K | $593K | $218K | $1 | — | View 990 |
| 2022 | $734K | $771K | $472K | $1 | — | View 990 |
| 2021 | $533K | $668K | $485K | $1 | — | View 990 |
| 2020 | $186K | $631K | $607K | $1 | — | View 990 |
| 2019 | $1.2M | $682K | $830K | $1 | — | View 990 |
| 2015 | $803K | $868K | $65K | $1 | — | View 990 |
| 2014 | $628K | $894K | $130K | $1 | — | View 990 |
| 2013 | $309K | $518K | $396K | $1 | — | View 990 |
| 2012 | $23K | $714K | $605K | $1 | — | View 990 |
| 2011 | $22K | $499K | $1.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $388K, expenses of $593K, and assets of $218K (revenue -47.1% year-over-year).
- 2022: Revenue of $734K, expenses of $771K, and assets of $472K (revenue +37.8% year-over-year).
- 2021: Revenue of $533K, expenses of $668K, and assets of $485K (revenue +186.6% year-over-year).
- 2020: Revenue of $186K, expenses of $631K, and assets of $607K (revenue -83.8% year-over-year).
- 2019: Revenue of $1.2M, expenses of $682K, and assets of $830K (revenue +43.2% year-over-year).
- 2015: Revenue of $803K, expenses of $868K, and assets of $65K (revenue +27.9% year-over-year).
- 2014: Revenue of $628K, expenses of $894K, and assets of $130K (revenue +103.5% year-over-year).
- 2013: Revenue of $309K, expenses of $518K, and assets of $396K (revenue +1236.9% year-over-year).
- 2012: Revenue of $23K, expenses of $714K, and assets of $605K (revenue +3.7% year-over-year).
- 2011: Revenue of $22K, expenses of $499K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Georgescu Family Foundation:
Data Sources and Methodology
This transparency report for Georgescu Family 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.