Gio Fund Corporation
EIN: 455128135 · Leland, NC · NTEE: D20
Is Gio Fund Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gio Fund Corporation
Gio Fund Corporation (EIN: 455128135) is a nonprofit organization based in Leland, NC, classified under NTEE code D20. The organization reported total revenue of $274K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gio Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gio Fund Corporation is a small nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 43.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $215K |
| Total Expenses | $237K |
| Surplus / Deficit | $-21,248 |
| Total Assets | $45K |
| Total Liabilities | $118K |
| Net Assets | $-73,429 |
| Operating Margin | -9.9% |
| Debt-to-Asset Ratio | 264.5% |
| Months of Reserves | 2.3 months |
Financial Health Grade: D
In 2023, Gio Fund Corporation reported a deficit of $21K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 264.5% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Gio Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 43.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.8% | -18.9% | -22.0% |
| 2022 | -32.9% | +14.8% | -28.8% |
| 2021 | +98.1% | +75.7% | +443.4% |
| 2020 | +192.1% | +151.6% | +602.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gio Fund Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gio Fund Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 264.5%.
Frequently Asked Questions about Gio Fund Corporation
Is Gio Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gio Fund Corporation (EIN: 455128135) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gio Fund Corporation spend its money?
Detailed spending breakdown data is not yet available for Gio Fund Corporation. Check back for updated IRS 990 analysis.
Are donations to Gio Fund Corporation tax-deductible?
Gio Fund Corporation is registered as a tax-exempt nonprofit (EIN: 455128135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Gio Fund Corporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Gio Fund Corporation's revenue has grown by 322.2%, moving from $51K to $215K. Total assets increased by 2020% over the same period, from $2K to $45K. Total functional expenses rose by 311.7%, from $57K to $237K. In its most recent filing year (2023), Gio Fund Corporation reported a deficit of $21K, with expenses exceeding revenue. The organization holds $118K in liabilities against $45K in assets (debt-to-asset ratio: 264.5%), resulting in net assets of $-73,429.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $215K | $237K | $45K | $118K | — | — |
| 2022 | $198K | $292K | $57K | $109K | — | View 990 |
| 2021 | $295K | $254K | $80K | $44K | — | View 990 |
| 2020 | $149K | $145K | $15K | $20K | — | — |
| 2019 | $51K | $57K | $2K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $215K, expenses of $237K, and assets of $45K (revenue +8.8% year-over-year).
- 2022: Revenue of $198K, expenses of $292K, and assets of $57K (revenue -32.9% year-over-year).
- 2021: Revenue of $295K, expenses of $254K, and assets of $80K (revenue +98.1% year-over-year).
- 2020: Revenue of $149K, expenses of $145K, and assets of $15K (revenue +192.1% year-over-year).
- 2019: Revenue of $51K, expenses of $57K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gio Fund Corporation:
Data Sources and Methodology
This transparency report for Gio Fund Corporation 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.