Gingerbread Learning Center Inc
Gingerbread Learning Center Inc. faces severe financial challenges with a 71% revenue drop and significant liabilities exceeding assets in 2019.
EIN: 133483916 · Eatontown, NJ · NTEE: B28Z · Updated: 2026-03-28
Is Gingerbread Learning Center Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gingerbread Learning Center Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Gingerbread Learning Center Inc
Gingerbread Learning Center Inc (EIN: 133483916) is a nonprofit organization based in Eatontown, NJ, classified under NTEE code B28Z. The organization reported total revenue of $1.6M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gingerbread Learning Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gingerbread Learning Center Inc with a Mission Score of 40 out of 100 (Fair). 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: 70%
- fundraising: 10%
According to IRS 990 filings, Gingerbread Learning Center Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries or benefits were paid to officers, which is a positive for minimizing overhead at the leadership level.
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 Gingerbread Learning Center Inc's IRS 990 filings:
- Dramatic 71% revenue decline from $5.5M in 2018 to $1.5M in 2019.
- Significant negative net assets, with liabilities ($2,872,598) far exceeding assets ($1,246,345) in 2019.
- Consistent deficit spending, with expenses ($2,223,027) exceeding revenue ($1,578,819) in the latest filing.
- Long-term trend of high liabilities, often exceeding assets over multiple years.
Strengths
The following positive indicators were identified for Gingerbread Learning Center Inc:
- Zero officer compensation reported across all available filings, indicating no executive salary burden.
- Long operating history with 9 filings available, suggesting established presence.
Frequently Asked Questions about Gingerbread Learning Center Inc
Is Gingerbread Learning Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gingerbread Learning Center Inc (EIN: 133483916) significant concerns. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
How does Gingerbread Learning Center Inc spend its money?
Gingerbread Learning Center Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gingerbread Learning Center Inc tax-deductible?
Gingerbread Learning Center Inc is registered as a tax-exempt nonprofit (EIN: 133483916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Gingerbread Learning Center Inc. financially stable?
No, the organization appears to be in a precarious financial position. Its revenue dropped from over $5.5 million in 2018 to $1.5 million in 2019, and its liabilities ($2,872,598) significantly exceed its assets ($1,246,345) in the latest filing, indicating a negative net asset position.
What caused the dramatic revenue decline in 2019?
The provided IRS 990 data does not specify the exact cause of the nearly 71% revenue decline from $5,515,657 in 2018 to $1,578,819 in 2019. Further investigation into their detailed financial statements or operational changes would be necessary to understand this significant shift.
How efficiently does Gingerbread Learning Center Inc. spend its money?
Without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency is difficult. However, the consistent trend of expenses often exceeding revenue, particularly in 2019 where expenses were $2,223,027 against $1,578,819 in revenue, suggests potential inefficiencies or unsustainable spending relative to income.
Filing History
IRS 990 filing history for Gingerbread Learning Center Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Gingerbread Learning Center Inc's revenue has declined by 71.8%, moving from $5.6M to $1.6M. Total assets decreased by 28.7% over the same period, from $1.7M to $1.2M. Total functional expenses fell by 60.2%, from $5.6M to $2.2M. In its most recent filing year (2019), Gingerbread Learning Center Inc reported a deficit of $644K, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $1.2M in assets (debt-to-asset ratio: 230.5%), resulting in net assets of $-1,626,253.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2019 | $1.6M | $2.2M | $1.2M | $2.9M | — | View 990 |
| 2018 | $5.5M | $5.4M | $1.9M | $2.9M | — | View 990 |
| 2017 | $5.4M | $5.3M | $2.1M | $3.2M | — | — |
| 2016 | $4.9M | $5.5M | $2.3M | $3.5M | — | View 990 |
| 2015 | $5.3M | $6.3M | $2.3M | $2.8M | — | View 990 |
| 2014 | $5.4M | $5.5M | $2.2M | $1.8M | — | View 990 |
| 2013 | $5.8M | $5.7M | $2.3M | $1.8M | — | View 990 |
| 2012 | $5.8M | $5.6M | $2.1M | $1.7M | — | View 990 |
| 2011 | $5.6M | $5.6M | $1.7M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $1.6M, expenses of $2.2M, and assets of $1.2M (revenue -71.4% year-over-year).
- 2018: Revenue of $5.5M, expenses of $5.4M, and assets of $1.9M (revenue +3.0% year-over-year).
- 2017: Revenue of $5.4M, expenses of $5.3M, and assets of $2.1M (revenue +8.4% year-over-year).
- 2016: Revenue of $4.9M, expenses of $5.5M, and assets of $2.3M (revenue -6.6% year-over-year).
- 2015: Revenue of $5.3M, expenses of $6.3M, and assets of $2.3M (revenue -2.6% year-over-year).
- 2014: Revenue of $5.4M, expenses of $5.5M, and assets of $2.2M (revenue -6.5% year-over-year).
- 2013: Revenue of $5.8M, expenses of $5.7M, and assets of $2.3M (revenue -0.4% year-over-year).
- 2012: Revenue of $5.8M, expenses of $5.6M, and assets of $2.1M (revenue +4.3% year-over-year).
- 2011: Revenue of $5.6M, expenses of $5.6M, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Gingerbread Learning Center 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.