Gibbons Family Foundation Incorporated
Gibbons Family Foundation shows fluctuating financial health with recent recovery and no officer compensation.
EIN: 200506294 · Baltimore, MD · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $78K |
| Total Expenses | $102K |
| Program Spending | 90% |
| Net Assets | $111K |
| Transparency Score | 75/100 |
Is Gibbons Family Foundation Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gibbons Family Foundation Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gibbons Family Foundation Incorporated
Gibbons Family Foundation Incorporated (EIN: 200506294) is a nonprofit organization based in Baltimore, MD, classified under NTEE code T22. The organization reported total revenue of $78K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gibbons Family Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gibbons Family Foundation Incorporated is a micro nonprofit that has been operating for 22 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $104K |
| Total Expenses | $102K |
| Surplus / Deficit | +$3K |
| Total Assets | $111K |
| Total Liabilities | $1 |
| Net Assets | $111K |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 13.1 months |
Financial Health Grade: A
In 2023, Gibbons Family Foundation Incorporated reported a surplus of $3K with revenue exceeding expenses, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Gibbons Family Foundation Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | -49.6% | -17.6% |
| 2022 | +2.6% | -0.6% | -51.1% |
| 2021 | -70.1% | +0.2% | -40.5% |
| 2020 | +284.5% | +315.4% | +299.5% |
| 2016 | -14.0% | +21.8% | +65.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Gibbons Family Foundation Incorporated 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Gibbons Family Foundation Incorporated allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly favorable for a foundation of its 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 Gibbons Family Foundation Incorporated's IRS 990 filings:
- Significant net losses in fiscal years 2021 and 2022, where expenses ($202,687 and $201,488 respectively) substantially exceeded revenues ($108,642 and $111,483).
- Fluctuating asset base, decreasing from $463,879 in 2020 to $134,839 in 2022, indicating potential instability or significant grant disbursements without corresponding revenue.
Strengths
The following positive indicators were identified for Gibbons Family Foundation Incorporated:
- Consistent reporting of 0% officer compensation across all nine filings, demonstrating excellent financial stewardship regarding executive pay.
- Minimal liabilities ($0 or $1) reported consistently, indicating a healthy balance sheet free from significant debt.
- Positive net income in the most recent filing (2023), with revenue ($104,066) exceeding expenses ($101,500), suggesting a recent financial recovery.
Frequently Asked Questions about Gibbons Family Foundation Incorporated
Is Gibbons Family Foundation Incorporated a legitimate charity?
Gibbons Family Foundation Incorporated (EIN: 200506294) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $78K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Gibbons Family Foundation Incorporated spend its money?
Gibbons Family Foundation Incorporated directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Gibbons Family Foundation Incorporated tax-deductible?
Gibbons Family Foundation Incorporated is registered as a tax-exempt nonprofit (EIN: 200506294). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gibbons Family Foundation Incorporated's spending goes to programs?
Gibbons Family Foundation Incorporated directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gibbons Family Foundation Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Gibbons Family Foundation Incorporated is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gibbons Family Foundation Incorporated located?
Gibbons Family Foundation Incorporated is headquartered in Baltimore, Maryland and files with the IRS under EIN 200506294. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gibbons Family Foundation Incorporated have?
Gibbons Family Foundation Incorporated has 9 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 $78K in total revenue.
What caused the significant expense increases in 2021 and 2022, leading to net losses?
The provided data shows expenses of $202,687 in 2021 and $201,488 in 2022, significantly higher than revenues in those years. Further details from the full 990 forms would be needed to identify the specific categories of these increased expenditures.
How does the foundation manage its grantmaking activities with fluctuating revenue?
The foundation's revenue has varied significantly, from $22,000 in 2014 to $363,772 in 2020. Managing consistent grantmaking with such fluctuations would likely involve strategic use of its asset base, which also saw a peak in 2020 and subsequent decline.
What is the primary source of the foundation's revenue?
The provided data only lists 'Revenue' without specifying sources. For a private grantmaking foundation (NTEE T22), revenue typically comes from investment income, contributions from founders/donors, or other related activities.
Filing History
IRS 990 filing history for Gibbons Family Foundation Incorporated showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Gibbons Family Foundation Incorporated's revenue has grown by 373%, moving from $22K to $104K. Total assets increased by 18270.6% over the same period, from $605 to $111K. Total functional expenses rose by 350.8%, from $23K to $102K. In its most recent filing year (2023), Gibbons Family Foundation Incorporated reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $111K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $111K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $104K | $102K | $111K | $1 | — | View 990 |
| 2022 | $111K | $201K | $135K | $1 | — | View 990 |
| 2021 | $109K | $203K | $276K | $1 | — | View 990 |
| 2020 | $364K | $202K | $464K | $1 | — | View 990 |
| 2016 | $95K | $49K | $116K | $0 | — | View 990 |
| 2015 | $110K | $40K | $70K | $0 | — | — |
| 2014 | $22K | $22K | $211 | $0 | — | View 990 |
| 2013 | $19K | $19K | $605 | $0 | — | View 990 |
| 2012 | $22K | $23K | $605 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $104K, expenses of $102K, and assets of $111K (revenue -6.7% year-over-year).
- 2022: Revenue of $111K, expenses of $201K, and assets of $135K (revenue +2.6% year-over-year).
- 2021: Revenue of $109K, expenses of $203K, and assets of $276K (revenue -70.1% year-over-year).
- 2020: Revenue of $364K, expenses of $202K, and assets of $464K (revenue +284.5% year-over-year).
- 2016: Revenue of $95K, expenses of $49K, and assets of $116K (revenue -14.0% year-over-year).
- 2015: Revenue of $110K, expenses of $40K, and assets of $70K (revenue +400.0% year-over-year).
- 2014: Revenue of $22K, expenses of $22K, and assets of $211 (revenue +15.8% year-over-year).
- 2013: Revenue of $19K, expenses of $19K, and assets of $605 (revenue -13.6% year-over-year).
- 2012: Revenue of $22K, expenses of $23K, and assets of $605.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gibbons Family Foundation Incorporated:
Data Sources and Methodology
This transparency report for Gibbons Family Foundation Incorporated 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.