Gertrude And Murray Bennett Family Foundation
Gertrude And Murray Bennett Family Foundation consistently spends more than its revenue, drawing down its endowment.
EIN: 205716045 · Palm Bch Gdns, FL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $406K |
| Program Spending | 90% |
| Net Assets | $5.3M |
| Transparency Score | 85/100 |
Is Gertrude And Murray Bennett Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gertrude And Murray Bennett Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gertrude And Murray Bennett Family Foundation
Gertrude And Murray Bennett Family Foundation (EIN: 205716045) is a nonprofit organization based in Palm Bch Gdns, FL, classified under NTEE code T20. The organization reported total revenue of $1.6M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gertrude And Murray Bennett Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gertrude And Murray Bennett Family Foundation is a mid-size 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 -9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $159K |
| Total Expenses | $406K |
| Surplus / Deficit | $-247,639 |
| Total Assets | $5.3M |
| Total Liabilities | $1 |
| Net Assets | $5.3M |
| Operating Margin | -156.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 156.0 months |
Financial Health Grade: B
In 2023, Gertrude And Murray Bennett Family Foundation reported a deficit of $248K with expenses exceeding revenue, holds 156.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gertrude And Murray Bennett Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.2% | -30.1% | -2.9% |
| 2022 | +2.0% | -6.6% | -6.7% |
| 2021 | -26.7% | +0.2% | -6.9% |
| 2020 | -40.4% | -0.4% | -5.5% |
| 2019 | +79.5% | +7.4% | -8.5% |
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 Gertrude And Murray Bennett Family Foundation with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Gertrude And Murray Bennett Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $248K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the foundation, which is a strong positive for resource allocation.
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 Gertrude And Murray Bennett Family Foundation's IRS 990 filings:
- Consistent decline in assets over the past decade, indicating a drawdown strategy without significant new capital infusions.
- Unusual consistent reporting of $1 in liabilities across all filings, which may be an accounting anomaly or simplified reporting.
Strengths
The following positive indicators were identified for Gertrude And Murray Bennett Family Foundation:
- Zero officer compensation reported across all filings, indicating highly efficient use of funds for executive salaries.
- Consistent grantmaking activity, fulfilling its purpose as a private foundation.
- Regular and timely filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Gertrude And Murray Bennett Family Foundation
Is Gertrude And Murray Bennett Family Foundation a legitimate charity?
Gertrude And Murray Bennett Family Foundation (EIN: 205716045) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gertrude And Murray Bennett Family Foundation spend its money?
Gertrude And Murray Bennett Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gertrude And Murray Bennett Family Foundation tax-deductible?
Gertrude And Murray Bennett Family Foundation is registered as a tax-exempt nonprofit (EIN: 205716045). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gertrude And Murray Bennett Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gertrude And Murray Bennett Family Foundation 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 Gertrude And Murray Bennett Family Foundation located?
Gertrude And Murray Bennett Family Foundation is headquartered in Palm Bch Gdns, Florida and files with the IRS under EIN 205716045. It is classified under NTEE code T20.
How many years of IRS 990 filings does Gertrude And Murray Bennett Family Foundation have?
Gertrude And Murray Bennett 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 $1.6M in total revenue.
Is the Gertrude And Murray Bennett Family Foundation a good charity?
As a private family foundation, its 'goodness' is measured by its grantmaking impact. Financially, it consistently distributes funds, with 0% officer compensation, suggesting efficient use of its endowment for its intended purpose.
Why are the foundation's assets declining?
The foundation's assets are declining because its annual expenses consistently exceed its revenue. For example, in 2023, expenses were $406,167 while revenue was $158,528, meaning it drew approximately $247,639 from its assets to cover the difference. This is a typical operational model for private foundations that are distributing their principal over time.
What is the foundation's primary activity?
Based on its NTEE code (T20 - Private Grantmaking Foundations) and financial patterns, its primary activity is grantmaking, distributing funds to other organizations or individuals in line with its charitable purpose.
Filing History
IRS 990 filing history for Gertrude And Murray Bennett Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gertrude And Murray Bennett Family Foundation's revenue has declined by 67.8%, moving from $492K to $159K. Total assets decreased by 32.3% over the same period, from $7.8M to $5.3M. Total functional expenses fell by 24.7%, from $540K to $406K. In its most recent filing year (2023), Gertrude And Murray Bennett Family Foundation reported a deficit of $248K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $159K | $406K | $5.3M | $1 | — | — |
| 2022 | $194K | $581K | $5.4M | $1 | — | View 990 |
| 2021 | $190K | $622K | $5.8M | $1 | — | View 990 |
| 2020 | $259K | $621K | $6.3M | $1 | — | — |
| 2019 | $435K | $624K | $6.6M | $1 | — | View 990 |
| 2015 | $242K | $581K | $7.2M | $1 | — | View 990 |
| 2014 | $506K | $588K | $7.6M | $1 | — | View 990 |
| 2013 | $415K | $599K | $7.7M | $1 | — | View 990 |
| 2012 | $617K | $578K | $7.8M | $1 | — | View 990 |
| 2011 | $492K | $540K | $7.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $159K, expenses of $406K, and assets of $5.3M (revenue -18.2% year-over-year).
- 2022: Revenue of $194K, expenses of $581K, and assets of $5.4M (revenue +2.0% year-over-year).
- 2021: Revenue of $190K, expenses of $622K, and assets of $5.8M (revenue -26.7% year-over-year).
- 2020: Revenue of $259K, expenses of $621K, and assets of $6.3M (revenue -40.4% year-over-year).
- 2019: Revenue of $435K, expenses of $624K, and assets of $6.6M (revenue +79.5% year-over-year).
- 2015: Revenue of $242K, expenses of $581K, and assets of $7.2M (revenue -52.1% year-over-year).
- 2014: Revenue of $506K, expenses of $588K, and assets of $7.6M (revenue +21.8% year-over-year).
- 2013: Revenue of $415K, expenses of $599K, and assets of $7.7M (revenue -32.6% year-over-year).
- 2012: Revenue of $617K, expenses of $578K, and assets of $7.8M (revenue +25.4% year-over-year).
- 2011: Revenue of $492K, expenses of $540K, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gertrude And Murray Bennett Family Foundation:
Data Sources and Methodology
This transparency report for Gertrude And Murray Bennett 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.