Gerald Abell Foundation Inc
Gerald Abell Foundation faces significant financial challenges with declining assets and consistent operational deficits.
EIN: 134011765 · Prescott, AZ · NTEE: T12 · Updated: 2026-03-28
Is Gerald Abell Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gerald Abell Foundation Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Gerald Abell Foundation Inc
Gerald Abell Foundation Inc (EIN: 134011765) is a nonprofit organization based in Prescott, AZ, classified under NTEE code T12. The organization reported total revenue of $32K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gerald Abell Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gerald Abell Foundation Inc is a micro nonprofit that has been operating for 27 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -26.4%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $51K |
| Surplus / Deficit | $-41,533 |
| Total Assets | $32K |
| Total Liabilities | $22K |
| Net Assets | $10K |
| Operating Margin | -438.1% |
| Debt-to-Asset Ratio | 68.3% |
| Months of Reserves | 7.4 months |
Financial Health Grade: C
In 2019, Gerald Abell Foundation Inc reported a deficit of $42K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 68.3% (high leverage).
Financial Trends
Over 6 years of filings (2011–2019), Gerald Abell Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -26.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -38.2% | -13.5% | -81.2% |
| 2015 | -19.1% | -1.1% | -25.7% |
| 2013 | -105.8% | +89.9% | -20.3% |
| 2012 | +40.3% | -57.8% | +76.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Gerald Abell Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Gerald Abell Foundation Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $42K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.3%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, suggesting that the organization's leadership may be entirely volunteer-based or compensated below IRS reporting thresholds, which is a positive for minimizing overhead costs.
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 Gerald Abell Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years.
- Significant decline in assets from $306,438 in 2012 to $31,516 in 2019.
- Liabilities increased to $21,518 in 2019, representing a substantial portion of remaining assets.
Strengths
The following positive indicators were identified for Gerald Abell Foundation Inc:
- Consistent filing of IRS Form 990s, indicating transparency in reporting.
- No reported officer compensation, suggesting volunteer leadership or very low administrative overhead in this area.
Frequently Asked Questions about Gerald Abell Foundation Inc
Is Gerald Abell Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gerald Abell Foundation Inc (EIN: 134011765) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Gerald Abell Foundation Inc spend its money?
Gerald Abell Foundation Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gerald Abell Foundation Inc tax-deductible?
Gerald Abell Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134011765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Gerald Abell Foundation Inc. financially sustainable?
Based on the provided data, the foundation's financial sustainability is questionable. It has consistently reported expenses exceeding revenue, leading to a significant decline in assets from $306,438 in 2012 to $31,516 in 2019. This trend indicates an ongoing operational deficit that is eroding its financial base.
What caused the sharp decline in assets from 2012 to 2019?
The decline in assets from $306,438 in 2012 to $31,516 in 2019 is primarily due to the organization consistently spending more than it earns. For example, in 2019, revenue was $9,480 while expenses were $51,013, contributing to the asset depletion.
How does the organization cover its operational deficits?
The organization appears to be covering its operational deficits by drawing down its existing assets. This is not a sustainable long-term strategy and suggests a need for increased revenue generation or reduced expenses.
Filing History
IRS 990 filing history for Gerald Abell Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Gerald Abell Foundation Inc's revenue has declined by 91.3%, moving from $110K to $9K. Total assets decreased by 81.8% over the same period, from $173K to $32K. Total functional expenses fell by 26.3%, from $69K to $51K. In its most recent filing year (2019), Gerald Abell Foundation Inc reported a deficit of $42K, with expenses exceeding revenue. The organization holds $22K in liabilities against $32K in assets (debt-to-asset ratio: 68.3%), resulting in net assets of $10K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $9K | $51K | $32K | $22K | — | View 990 |
| 2015 | $15K | $59K | $168K | $10K | — | View 990 |
| 2014 | $19K | $60K | $225K | $24K | — | View 990 |
| 2013 | $-8,846 | $55K | $244K | $1K | — | View 990 |
| 2012 | $154K | $29K | $306K | $0 | — | View 990 |
| 2011 | $110K | $69K | $173K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $9K, expenses of $51K, and assets of $32K (revenue -38.2% year-over-year).
- 2015: Revenue of $15K, expenses of $59K, and assets of $168K (revenue -19.1% year-over-year).
- 2014: Revenue of $19K, expenses of $60K, and assets of $225K.
- 2013: Revenue of $-8,846, expenses of $55K, and assets of $244K (revenue -105.8% year-over-year).
- 2012: Revenue of $154K, expenses of $29K, and assets of $306K (revenue +40.3% year-over-year).
- 2011: Revenue of $110K, expenses of $69K, and assets of $173K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gerald Abell Foundation Inc:
Data Sources and Methodology
This transparency report for Gerald Abell 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.