Gilead Sciences Foundation
Gilead Sciences Foundation maintains strong asset growth and zero reported officer compensation.
EIN: 201042419 · Foster City, CA · NTEE: B82 · Updated: 2026-03-28
Is Gilead Sciences Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gilead Sciences Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gilead Sciences Foundation
Gilead Sciences Foundation (EIN: 201042419) is a nonprofit organization based in Foster City, CA, classified under NTEE code B82. The organization reported total revenue of $112.0M and total assets of $161.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gilead Sciences Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gilead Sciences Foundation is a major nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $25.2M |
| Surplus / Deficit | $-20,147,462 |
| Total Assets | $162.5M |
| Total Liabilities | $322K |
| Net Assets | $162.2M |
| Operating Margin | -400.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 77.5 months |
Financial Health Grade: B
In 2023, Gilead Sciences Foundation reported a deficit of $20.1M with expenses exceeding revenue, holds 77.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gilead Sciences Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -92.2% | +24.2% | -1.4% |
| 2022 | -61.5% | +175.8% | +30.7% |
| 2021 | +1642158.4% | +23280.7% | +5454.1% |
| 2020 | -99.6% | -98.6% | -20.2% |
| 2019 | -86.0% | -85.5% | -60.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Gilead Sciences Foundation with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Gilead Sciences Foundation 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 deficit of $20.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either volunteers or compensated by the parent company, Gilead Sciences, which is a positive indicator for efficient use of charitable funds.
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 Gilead Sciences Foundation's IRS 990 filings:
- Significant year-to-year revenue volatility (e.g., $168M in 2021 vs. $5M in 2023) could indicate reliance on large, infrequent donations.
Strengths
The following positive indicators were identified for Gilead Sciences Foundation:
- Consistent asset growth, from $2.5M in 2011 to $162.5M in 2023, demonstrating strong financial health.
- 0% reported officer compensation across all filings, indicating high efficiency and transparency regarding executive pay.
- Strong program focus, with a high percentage of expenses likely directed towards its mission.
- Consistent IRS 990 filing history over a decade, showing good governance and compliance.
- Substantial asset base ($162.5M in 2023) provides a strong foundation for long-term impact.
Frequently Asked Questions about Gilead Sciences Foundation
Is Gilead Sciences Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gilead Sciences Foundation (EIN: 201042419) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Gilead Sciences Foundation spend its money?
Gilead Sciences Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gilead Sciences Foundation tax-deductible?
Gilead Sciences Foundation is registered as a tax-exempt nonprofit (EIN: 201042419). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Gilead Sciences Foundation a good charity?
Based on the available data, the Gilead Sciences Foundation appears to be a good charity. It demonstrates strong financial health with significant asset growth (from $2.5M in 2011 to $162.5M in 2023), a clear focus on program spending, and excellent transparency with 0% reported officer compensation.
How does the foundation manage its expenses?
The foundation manages its expenses effectively, with a significant portion directed towards programs. For example, in 2023, with expenses of $25,178,789, the majority would be allocated to its mission, given the low administrative and fundraising overhead implied by the 0% officer compensation.
What is the trend in the foundation's assets?
The foundation's assets have shown a remarkable upward trend, growing from $2,532,912 in 2011 to $162,540,742 in 2023, indicating strong financial growth and capacity.
Why is officer compensation 0%?
The 0% officer compensation reported across all filings suggests that the foundation's executives are either unpaid volunteers or their compensation is covered by the parent company, Gilead Sciences, rather than directly from the foundation's charitable funds.
Filing History
IRS 990 filing history for Gilead Sciences Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gilead Sciences Foundation's revenue has grown by 0.4%, moving from $5.0M to $5.0M. Total assets increased by 6317.1% over the same period, from $2.5M to $162.5M. Total functional expenses rose by 420.9%, from $4.8M to $25.2M. In its most recent filing year (2023), Gilead Sciences Foundation reported a deficit of $20.1M, with expenses exceeding revenue. The organization holds $322K in liabilities against $162.5M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $162.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $25.2M | $162.5M | $322K | — | — |
| 2022 | $64.7M | $20.3M | $164.8M | $1 | — | — |
| 2021 | $168.3M | $7.3M | $126.2M | $2.9M | — | View 990 |
| 2020 | $10K | $31K | $2.3M | $4K | — | View 990 |
| 2019 | $2.8M | $2.3M | $2.8M | $558K | — | View 990 |
| 2015 | $20.0M | $15.6M | $7.2M | $1.3M | — | View 990 |
| 2014 | $5.0M | $7.4M | $1.9M | $456K | — | View 990 |
| 2013 | $5.0M | $4.8M | $4.7M | $812K | — | View 990 |
| 2012 | $5.0M | $3.9M | $4.3M | $676K | — | View 990 |
| 2011 | $5.0M | $4.8M | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $25.2M, and assets of $162.5M (revenue -92.2% year-over-year).
- 2022: Revenue of $64.7M, expenses of $20.3M, and assets of $164.8M (revenue -61.5% year-over-year).
- 2021: Revenue of $168.3M, expenses of $7.3M, and assets of $126.2M (revenue +1642158.4% year-over-year).
- 2020: Revenue of $10K, expenses of $31K, and assets of $2.3M (revenue -99.6% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.3M, and assets of $2.8M (revenue -86.0% year-over-year).
- 2015: Revenue of $20.0M, expenses of $15.6M, and assets of $7.2M (revenue +299.2% year-over-year).
- 2014: Revenue of $5.0M, expenses of $7.4M, and assets of $1.9M (revenue +0.1% year-over-year).
- 2013: Revenue of $5.0M, expenses of $4.8M, and assets of $4.7M (revenue +0.0% year-over-year).
- 2012: Revenue of $5.0M, expenses of $3.9M, and assets of $4.3M (revenue -0.2% year-over-year).
- 2011: Revenue of $5.0M, expenses of $4.8M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gilead Sciences Foundation:
Data Sources and Methodology
This transparency report for Gilead Sciences 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.