Geotrac Charitable Foundation
Geotrac Charitable Foundation maintains strong asset growth and zero officer compensation amidst fluctuating revenues.
EIN: 206377323 · Norwalk, OH · NTEE: T20 · Updated: 2026-03-28
Is Geotrac Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Geotrac Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Geotrac Charitable Foundation
Geotrac Charitable Foundation (EIN: 206377323) is a nonprofit organization based in Norwalk, OH, classified under NTEE code T20. The organization reported total revenue of $1.9M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Geotrac Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Geotrac Charitable Foundation with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Geotrac Charitable Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Geotrac Charitable Foundation reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly favorable for a nonprofit of its size ($4.79M assets in 2023).
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 Geotrac Charitable Foundation:
- Consistent asset growth (from $2.6M in 2011 to $4.79M in 2023)
- Extremely low liabilities ($1 in most recent filings)
- 0% officer compensation reported across all filings
- Expenses consistently managed below revenue in most periods
- Strong financial health and stability
Frequently Asked Questions about Geotrac Charitable Foundation
Is Geotrac Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Geotrac Charitable Foundation (EIN: 206377323) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Geotrac Charitable Foundation spend its money?
Geotrac Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Geotrac Charitable Foundation tax-deductible?
Geotrac Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 206377323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Geotrac Charitable Foundation a good charity?
Based on its financial data, Geotrac Charitable Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets ($4.79M in 2023), minimal liabilities ($1 in 2023), and a consistent record of 0% officer compensation, suggesting efficient use of funds.
How does Geotrac Charitable Foundation manage its expenses?
The foundation consistently manages its expenses well below its revenue in most years, contributing to significant asset growth. For example, in 2023, expenses were $285,222 against revenues of $405,955. The absence of officer compensation further indicates a lean operational structure.
What is the trend in Geotrac Charitable Foundation's assets?
Geotrac Charitable Foundation has shown a consistent upward trend in assets, growing from $2,625,597 in 2011 to $4,793,899 in 2023, indicating strong financial stewardship and accumulation of resources for its mission.
Filing History
IRS 990 filing history for Geotrac Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Geotrac Charitable Foundation's revenue has grown by 284.7%, moving from $106K to $406K. Total assets increased by 82.6% over the same period, from $2.6M to $4.8M. Total functional expenses rose by 145.2%, from $116K to $285K. In its most recent filing year (2023), Geotrac Charitable Foundation reported a surplus of $121K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $406K | $285K | $4.8M | $1 | — | View 990 |
| 2022 | $224K | $231K | $4.7M | $1 | — | View 990 |
| 2021 | $1.9M | $193K | $4.7M | $1 | — | — |
| 2020 | $175K | $157K | $3.8M | $1 | — | — |
| 2019 | $828K | $134K | $3.8M | $1 | — | View 990 |
| 2015 | $244K | $206K | $2.8M | $1 | — | View 990 |
| 2014 | $455K | $153K | $2.8M | $1 | — | View 990 |
| 2013 | $187K | $171K | $2.5M | $1 | — | View 990 |
| 2012 | $64K | $210K | $2.5M | $1 | — | View 990 |
| 2011 | $106K | $116K | $2.6M | $39 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $406K, expenses of $285K, and assets of $4.8M (revenue +81.1% year-over-year).
- 2022: Revenue of $224K, expenses of $231K, and assets of $4.7M (revenue -88.2% year-over-year).
- 2021: Revenue of $1.9M, expenses of $193K, and assets of $4.7M (revenue +981.6% year-over-year).
- 2020: Revenue of $175K, expenses of $157K, and assets of $3.8M (revenue -78.8% year-over-year).
- 2019: Revenue of $828K, expenses of $134K, and assets of $3.8M (revenue +239.7% year-over-year).
- 2015: Revenue of $244K, expenses of $206K, and assets of $2.8M (revenue -46.4% year-over-year).
- 2014: Revenue of $455K, expenses of $153K, and assets of $2.8M (revenue +142.8% year-over-year).
- 2013: Revenue of $187K, expenses of $171K, and assets of $2.5M (revenue +194.2% year-over-year).
- 2012: Revenue of $64K, expenses of $210K, and assets of $2.5M (revenue -39.6% year-over-year).
- 2011: Revenue of $106K, expenses of $116K, and assets of $2.6M.
Data Sources and Methodology
This transparency report for Geotrac Charitable 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.