Gittel Bas Akiva Foundation
Gittel Bas Akiva Foundation shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 205111261 · Lakewood, NJ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $445K |
| Total Expenses | $274K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $400,000 |
| Net Assets | $545K |
| Transparency Score | 90/100 |
Is Gittel Bas Akiva Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gittel Bas Akiva Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gittel Bas Akiva Foundation
Gittel Bas Akiva Foundation (EIN: 205111261) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code T22. The organization reported total revenue of $445K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gittel Bas Akiva Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gittel Bas Akiva Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $473K |
| Total Expenses | $274K |
| Surplus / Deficit | +$199K |
| Total Assets | $2.0M |
| Total Liabilities | $1.5M |
| Net Assets | $545K |
| Operating Margin | 42.1% |
| Debt-to-Asset Ratio | 73.2% |
| Months of Reserves | 89.1 months |
Financial Health Grade: A
In 2023, Gittel Bas Akiva Foundation reported a surplus of $199K with revenue exceeding expenses, holds 89.1 months of operating reserves (strong position), has a debt-to-asset ratio of 73.2% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gittel Bas Akiva Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.3% | -39.6% | +279.5% |
| 2022 | +4.9% | +85.5% | -4.5% |
| 2021 | +124.7% | +28.4% | +134.3% |
| 2020 | -16.5% | -31.5% | +4.5% |
| 2019 | +115.9% | +150.1% | +31.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Gittel Bas Akiva Foundation with a Mission Score of 90 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, Gittel Bas Akiva 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 surplus of $199K, with revenue exceeding expenses.
- Debt-to-asset ratio: 73.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization with recent revenues exceeding $400,000 and assets over $2 million.
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 Gittel Bas Akiva Foundation's IRS 990 filings:
- Significant increase in liabilities from $190,500 in 2022 to $1,491,400 in 2023 without clear explanation in provided data.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data makes it difficult to fully assess spending efficiency beyond officer compensation.
Strengths
The following positive indicators were identified for Gittel Bas Akiva Foundation:
- Consistent 0% officer compensation across all filings, indicating high efficiency in directing funds to mission.
- Strong revenue growth, increasing from $101,913 in 2011 to $473,281 in 2023.
- Substantial asset growth, particularly from $536,710 in 2022 to $2,036,691 in 2023.
- Positive net income in recent years, such as 2023 ($473,281 revenue vs. $274,200 expenses).
Frequently Asked Questions about Gittel Bas Akiva Foundation
Is Gittel Bas Akiva Foundation a legitimate charity?
Gittel Bas Akiva Foundation (EIN: 205111261) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $445K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Gittel Bas Akiva Foundation spend its money?
Gittel Bas Akiva Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Gittel Bas Akiva Foundation tax-deductible?
Gittel Bas Akiva Foundation is registered as a tax-exempt nonprofit (EIN: 205111261). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gittel Bas Akiva Foundation CEO make?
Gittel Bas Akiva Foundation's highest-compensated officer earns $400,000 annually. The organization reported $445K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gittel Bas Akiva Foundation's spending goes to programs?
Gittel Bas Akiva Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gittel Bas Akiva Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Gittel Bas Akiva Foundation 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 Gittel Bas Akiva Foundation located?
Gittel Bas Akiva Foundation is headquartered in Lakewood, New Jersey and files with the IRS under EIN 205111261. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gittel Bas Akiva Foundation have?
Gittel Bas Akiva 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 $445K in total revenue.
Is Gittel Bas Akiva Foundation a good charity?
Based on the available financial data, Gittel Bas Akiva Foundation appears to be a good charity. It demonstrates strong financial health with growing revenues and assets, and notably, reports 0% officer compensation, suggesting a high dedication of funds to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, especially in recent years. Revenue has grown from $101,913 in 2011 to $473,281 in 2023, and assets have surged from $565,172 in 2011 to over $2 million in 2023, indicating substantial growth and stability.
What is the significance of 0% officer compensation?
The 0% officer compensation is highly significant as it implies that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation, allowing a greater proportion of funds to be allocated directly to programs and operations.
Filing History
IRS 990 filing history for Gittel Bas Akiva Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gittel Bas Akiva Foundation's revenue has grown by 364.4%, moving from $102K to $473K. Total assets increased by 260.4% over the same period, from $565K to $2.0M. Total functional expenses rose by 310.3%, from $67K to $274K. In its most recent filing year (2023), Gittel Bas Akiva Foundation reported a surplus of $199K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $2.0M in assets (debt-to-asset ratio: 73.2%), resulting in net assets of $545K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $473K | $274K | $2.0M | $1.5M | — | — |
| 2022 | $429K | $454K | $537K | $191K | — | View 990 |
| 2021 | $409K | $245K | $562K | $191K | — | View 990 |
| 2020 | $182K | $191K | $240K | $41K | — | View 990 |
| 2019 | $218K | $278K | $230K | $41K | — | View 990 |
| 2015 | $101K | $111K | $174K | $41K | — | View 990 |
| 2014 | $171K | $226K | $247K | $103K | — | View 990 |
| 2013 | $170K | $149K | $302K | $103K | — | View 990 |
| 2012 | $218K | $123K | $496K | $318K | — | View 990 |
| 2011 | $102K | $67K | $565K | $483K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $473K, expenses of $274K, and assets of $2.0M (revenue +10.3% year-over-year).
- 2022: Revenue of $429K, expenses of $454K, and assets of $537K (revenue +4.9% year-over-year).
- 2021: Revenue of $409K, expenses of $245K, and assets of $562K (revenue +124.7% year-over-year).
- 2020: Revenue of $182K, expenses of $191K, and assets of $240K (revenue -16.5% year-over-year).
- 2019: Revenue of $218K, expenses of $278K, and assets of $230K (revenue +115.9% year-over-year).
- 2015: Revenue of $101K, expenses of $111K, and assets of $174K (revenue -41.1% year-over-year).
- 2014: Revenue of $171K, expenses of $226K, and assets of $247K (revenue +0.6% year-over-year).
- 2013: Revenue of $170K, expenses of $149K, and assets of $302K (revenue -22.0% year-over-year).
- 2012: Revenue of $218K, expenses of $123K, and assets of $496K (revenue +114.3% year-over-year).
- 2011: Revenue of $102K, expenses of $67K, and assets of $565K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gittel Bas Akiva Foundation:
Data Sources and Methodology
This transparency report for Gittel Bas Akiva 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.