Gerrity Foundation Charitable Tr
Gerrity Foundation consistently spends more than its revenue, leading to a declining asset base.
EIN: 141834635 · Norwalk, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24K |
| Total Expenses | $31K |
| Program Spending | 80% |
| Net Assets | $98K |
| Transparency Score | 65/100 |
Is Gerrity Foundation Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gerrity Foundation Charitable Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gerrity Foundation Charitable Tr
Gerrity Foundation Charitable Tr (EIN: 141834635) is a nonprofit organization based in Norwalk, CT, classified under NTEE code T20. The organization reported total revenue of $24K and total assets of $98K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gerrity Foundation Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gerrity Foundation Charitable Tr is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $31K |
| Surplus / Deficit | $-7,049 |
| Total Assets | $101K |
| Total Liabilities | $3K |
| Net Assets | $98K |
| Operating Margin | -29.0% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 38.5 months |
Financial Health Grade: B
In 2023, Gerrity Foundation Charitable Tr reported a deficit of $7K with expenses exceeding revenue, holds 38.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gerrity Foundation Charitable Tr's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +3.5% | -6.6% |
| 2022 | +0.0% | -0.4% | -5.3% |
| 2021 | +28.3% | -19.0% | -5.1% |
| 2020 | -28.0% | +32.0% | -13.5% |
| 2019 | +7.9% | -2.0% | -10.0% |
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 Gerrity Foundation Charitable Tr 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Gerrity Foundation Charitable Tr 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that officers are not compensated, which is a positive sign for a small foundation of this size.
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 Gerrity Foundation Charitable Tr's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) across multiple years.
- Declining asset base over the past decade, from $173,246 in 2011 to $100,563 in 2023.
Strengths
The following positive indicators were identified for Gerrity Foundation Charitable Tr:
- Zero officer compensation reported, indicating efficient use of funds at the executive level.
- Consistent revenue generation, albeit not always covering expenses.
- Stable liabilities, suggesting no significant debt accumulation.
Frequently Asked Questions about Gerrity Foundation Charitable Tr
Is Gerrity Foundation Charitable Tr a legitimate charity?
Gerrity Foundation Charitable Tr (EIN: 141834635) 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: $24K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gerrity Foundation Charitable Tr spend its money?
Gerrity Foundation Charitable Tr directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gerrity Foundation Charitable Tr tax-deductible?
Gerrity Foundation Charitable Tr is registered as a tax-exempt nonprofit (EIN: 141834635). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gerrity Foundation Charitable Tr compare to similar nonprofits?
With a transparency score of 65/100 (Good), Gerrity Foundation Charitable Tr 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 Gerrity Foundation Charitable Tr located?
Gerrity Foundation Charitable Tr is headquartered in Norwalk, Connecticut and files with the IRS under EIN 141834635. It is classified under NTEE code T20.
How many years of IRS 990 filings does Gerrity Foundation Charitable Tr have?
Gerrity Foundation Charitable Tr 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 $24K in total revenue.
Is Gerrity Foundation Charitable Tr financially sustainable?
Based on the filing history, the foundation has consistently reported expenses exceeding revenue, leading to a decline in assets from $173,246 in 2011 to $100,563 in 2023. This trend suggests it is not financially sustainable in its current operational model without an increase in revenue or a reduction in expenses.
What are the primary expenses of the foundation?
The IRS 990 data provided only shows total expenses. Without a detailed breakdown, it's difficult to ascertain the primary expense categories (e.g., grants, administrative costs, investment management fees).
How does the foundation generate its revenue?
Given its NTEE code T20 (Private Grantmaking Foundations) and consistent revenue figures, it's highly probable that its revenue primarily comes from investment income, though the specific sources are not detailed in the provided data.
Filing History
IRS 990 filing history for Gerrity Foundation Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gerrity Foundation Charitable Tr's revenue has declined by 22.5%, moving from $31K to $24K. Total assets decreased by 42% over the same period, from $173K to $101K. Total functional expenses fell by 13.4%, from $36K to $31K. In its most recent filing year (2023), Gerrity Foundation Charitable Tr reported a deficit of $7K, with expenses exceeding revenue. The organization holds $3K in liabilities against $101K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $98K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $31K | $101K | $3K | — | — |
| 2022 | $24K | $30K | $108K | $3K | — | View 990 |
| 2021 | $24K | $30K | $114K | $3K | — | View 990 |
| 2020 | $19K | $38K | $120K | $3K | — | — |
| 2019 | $26K | $28K | $138K | $3K | — | — |
| 2015 | $24K | $29K | $154K | $3K | — | View 990 |
| 2014 | $33K | $33K | $159K | $3K | — | View 990 |
| 2013 | $24K | $30K | $164K | $2K | — | View 990 |
| 2012 | $26K | $28K | $172K | $2K | — | View 990 |
| 2011 | $31K | $36K | $173K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $31K, and assets of $101K (revenue +0.0% year-over-year).
- 2022: Revenue of $24K, expenses of $30K, and assets of $108K (revenue +0.0% year-over-year).
- 2021: Revenue of $24K, expenses of $30K, and assets of $114K (revenue +28.3% year-over-year).
- 2020: Revenue of $19K, expenses of $38K, and assets of $120K (revenue -28.0% year-over-year).
- 2019: Revenue of $26K, expenses of $28K, and assets of $138K (revenue +7.9% year-over-year).
- 2015: Revenue of $24K, expenses of $29K, and assets of $154K (revenue -25.3% year-over-year).
- 2014: Revenue of $33K, expenses of $33K, and assets of $159K (revenue +34.4% year-over-year).
- 2013: Revenue of $24K, expenses of $30K, and assets of $164K (revenue -8.2% year-over-year).
- 2012: Revenue of $26K, expenses of $28K, and assets of $172K (revenue -15.6% year-over-year).
- 2011: Revenue of $31K, expenses of $36K, and assets of $173K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gerrity Foundation Charitable Tr:
Data Sources and Methodology
This transparency report for Gerrity Foundation Charitable Tr 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.