Gerry Foundation Inc
Gerry Foundation Inc. consistently spends more than it earns, relying on substantial assets.
EIN: 141798234 · Liberty, NY · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.6M |
| Total Expenses | $10.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $107.2M |
| Transparency Score | 75/100 |
Is Gerry Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gerry Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gerry Foundation Inc
Gerry Foundation Inc (EIN: 141798234) is a nonprofit organization based in Liberty, NY, classified under NTEE code T23. The organization reported total revenue of $16.6M and total assets of $108.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gerry Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gerry Foundation Inc is a large nonprofit that has been operating for 29 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $10.2M |
| Surplus / Deficit | $-3,938,863 |
| Total Assets | $107.2M |
| Total Liabilities | $1 |
| Net Assets | $107.2M |
| Operating Margin | -62.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 126.0 months |
Financial Health Grade: B
In 2023, Gerry Foundation Inc reported a deficit of $3.9M with expenses exceeding revenue, holds 126.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Gerry Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.8% | +70.1% | -3.6% |
| 2022 | -51.3% | -31.6% | -0.6% |
| 2021 | +5.5% | -13.5% | +2.1% |
| 2020 | +22.5% | -7.7% | +0.4% |
| 2019 | +225.2% | +17.2% | +46.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Gerry Foundation Inc with a Mission Score of 75 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, Gerry Foundation Inc 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 $3.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers do not receive salaries from the organization, which is highly commendable for an organization with over $100 million in assets.
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 Gerry Foundation Inc's IRS 990 filings:
- Recurring operational deficits (e.g., 202312: Expenses $10.2M vs. Revenue $6.2M)
- Significant revenue volatility across filing periods (e.g., $-2.6M in 2011 vs. $17.3M in 2013)
Strengths
The following positive indicators were identified for Gerry Foundation Inc:
- Substantial asset base (over $100M in recent years, $107.2M in 202312)
- Consistent 0% officer compensation, indicating efficient use of funds for leadership
- Low liabilities relative to assets (e.g., $1 in 202312)
Frequently Asked Questions about Gerry Foundation Inc
Is Gerry Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gerry Foundation Inc (EIN: 141798234) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Gerry Foundation Inc spend its money?
Gerry Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gerry Foundation Inc tax-deductible?
Gerry Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141798234). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gerry Foundation Inc CEO make?
Gerry Foundation Inc's highest-compensated officer earns $100 annually. The organization reported $16.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gerry Foundation Inc's spending goes to programs?
Gerry Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gerry Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Gerry Foundation Inc is above average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gerry Foundation Inc located?
Gerry Foundation Inc is headquartered in Liberty, New York and files with the IRS under EIN 141798234. It is classified under NTEE code T23.
How many years of IRS 990 filings does Gerry Foundation Inc have?
Gerry Foundation Inc has 11 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 $16.6M in total revenue.
Is Gerry Foundation Inc. financially sustainable given its recurring operational deficits?
The organization has consistently reported expenses exceeding revenue in several recent periods (e.g., 202312, 202212, 201912). While it possesses substantial assets ($107,244,998 in 202312), this pattern suggests a reliance on drawing down assets or other non-operating income, which may not be sustainable long-term without a shift in financial strategy.
What is the primary source of funding for Gerry Foundation Inc. given its volatile revenue?
The provided data shows significant fluctuations in revenue, including a negative figure in 2011 and high points in 2013 and 2012. Without a detailed breakdown of revenue sources from the 990 filings, it's difficult to pinpoint the primary source, but the volatility suggests reliance on grants, investments, or specific projects rather than consistent earned income.
How does Gerry Foundation Inc. manage to operate without paying officer compensation?
The consistent reporting of 0% officer compensation across all filings indicates that the organization's leadership either volunteers their time, is compensated through other entities, or the roles are structured in a way that does not incur direct salary expenses from the foundation's budget. This is a strong positive for resource allocation.
Filing History
IRS 990 filing history for Gerry Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Gerry Foundation Inc's revenue has declined by 65.8%, moving from $18.4M to $6.3M. Total assets decreased by 41.4% over the same period, from $182.9M to $107.2M. Total functional expenses fell by 55.3%, from $22.9M to $10.2M. In its most recent filing year (2023), Gerry Foundation Inc reported a deficit of $3.9M, with expenses exceeding revenue. The organization holds $1 in liabilities against $107.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $107.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $10.2M | $107.2M | $1 | — | View 990 |
| 2022 | $5.4M | $6.0M | $111.3M | $77K | — | View 990 |
| 2021 | $11.1M | $8.8M | $111.9M | $125K | — | View 990 |
| 2020 | $10.5M | $10.2M | $109.6M | $121K | — | View 990 |
| 2019 | $8.6M | $11.0M | $109.1M | $66K | — | — |
| 2015 | $2.6M | $9.4M | $74.6M | $62K | — | View 990 |
| 2014 | $1.5M | $7.9M | $81.4M | $72K | — | View 990 |
| 2013 | $17.4M | $6.5M | $87.8M | $60K | — | View 990 |
| 2012 | $16.7M | $31.5M | $77.1M | $298K | — | View 990 |
| 2011 | $-2,672,063 | $2.0M | $172.9M | $787K | — | View 990 |
| 2011 | $18.4M | $22.9M | $182.9M | $6.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $10.2M, and assets of $107.2M (revenue +15.8% year-over-year).
- 2022: Revenue of $5.4M, expenses of $6.0M, and assets of $111.3M (revenue -51.3% year-over-year).
- 2021: Revenue of $11.1M, expenses of $8.8M, and assets of $111.9M (revenue +5.5% year-over-year).
- 2020: Revenue of $10.5M, expenses of $10.2M, and assets of $109.6M (revenue +22.5% year-over-year).
- 2019: Revenue of $8.6M, expenses of $11.0M, and assets of $109.1M (revenue +225.2% year-over-year).
- 2015: Revenue of $2.6M, expenses of $9.4M, and assets of $74.6M (revenue +76.5% year-over-year).
- 2014: Revenue of $1.5M, expenses of $7.9M, and assets of $81.4M (revenue -91.4% year-over-year).
- 2013: Revenue of $17.4M, expenses of $6.5M, and assets of $87.8M (revenue +4.4% year-over-year).
- 2012: Revenue of $16.7M, expenses of $31.5M, and assets of $77.1M.
- 2011: Revenue of $-2,672,063, expenses of $2.0M, and assets of $172.9M (revenue -114.5% year-over-year).
- 2011: Revenue of $18.4M, expenses of $22.9M, and assets of $182.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gerry Foundation Inc:
Data Sources and Methodology
This transparency report for Gerry 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.