Glaxosmithkline Foundation
EIN: 232120418 · Philadelphia, PA
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Net Assets | $0 |
Is Glaxosmithkline Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Glaxosmithkline Foundation
Glaxosmithkline Foundation (EIN: 232120418) is a nonprofit organization based in Philadelphia, PA. The organization reported total revenue of $1.3M and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glaxosmithkline Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glaxosmithkline Foundation is a mid-size nonprofit that has been operating for 59 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$0 |
| Total Assets | $122K |
| Total Liabilities | $122K |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 1.3 months |
Financial Health Grade: C
In 2023, Glaxosmithkline Foundation reported a surplus of $0 with revenue exceeding expenses, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Glaxosmithkline Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.3% | -19.3% | +12166100.0% |
| 2022 | -29.7% | -29.7% | -100.0% |
| 2021 | -35.9% | -36.2% | -95.3% |
| 2020 | -34.6% | -32.1% | +14.3% |
| 2019 | +45.1% | +39.5% | +3343.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Glaxosmithkline Foundation 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 Glaxosmithkline Foundation 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 surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Glaxosmithkline Foundation
Is Glaxosmithkline Foundation a legitimate charity?
Glaxosmithkline Foundation (EIN: 232120418) is a registered tax-exempt nonprofit based in Pennsylvania. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: C.
How does Glaxosmithkline Foundation spend its money?
Glaxosmithkline Foundation reported $1.3M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Glaxosmithkline Foundation tax-deductible?
Glaxosmithkline Foundation is registered as a tax-exempt nonprofit (EIN: 232120418). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Glaxosmithkline Foundation located?
Glaxosmithkline Foundation is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 232120418.
How many years of IRS 990 filings does Glaxosmithkline Foundation have?
Glaxosmithkline 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Glaxosmithkline Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Glaxosmithkline Foundation's revenue has declined by 63%, moving from $2.9M to $1.1M. Total assets decreased by 83.8% over the same period, from $750K to $122K. Total functional expenses fell by 70.5%, from $3.7M to $1.1M. In its most recent filing year (2023), Glaxosmithkline Foundation reported a surplus of $0, with revenue exceeding expenses. The organization holds $122K in liabilities against $122K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $122K | $122K | — | View 990 |
| 2022 | $1.3M | $1.3M | $1 | $1 | — | View 990 |
| 2021 | $1.9M | $1.9M | $6K | $6K | — | View 990 |
| 2020 | $3.0M | $3.0M | $119K | $25K | — | — |
| 2019 | $4.6M | $4.4M | $104K | $1 | — | — |
| 2015 | $3.2M | $3.2M | $3K | $1.4M | — | View 990 |
| 2014 | $4.0M | $4.1M | $3K | $1.4M | — | View 990 |
| 2013 | $2.6M | $3.1M | $3K | $1.3M | — | View 990 |
| 2012 | $3.4M | $4.3M | $265K | $1.1M | — | View 990 |
| 2011 | $2.9M | $3.7M | $750K | $693K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $122K (revenue -19.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.3M, and assets of $1 (revenue -29.7% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.9M, and assets of $6K (revenue -35.9% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.0M, and assets of $119K (revenue -34.6% year-over-year).
- 2019: Revenue of $4.6M, expenses of $4.4M, and assets of $104K (revenue +45.1% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.2M, and assets of $3K (revenue -22.0% year-over-year).
- 2014: Revenue of $4.0M, expenses of $4.1M, and assets of $3K (revenue +57.3% year-over-year).
- 2013: Revenue of $2.6M, expenses of $3.1M, and assets of $3K (revenue -24.3% year-over-year).
- 2012: Revenue of $3.4M, expenses of $4.3M, and assets of $265K (revenue +15.8% year-over-year).
- 2011: Revenue of $2.9M, expenses of $3.7M, and assets of $750K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glaxosmithkline Foundation:
Data Sources and Methodology
This transparency report for Glaxosmithkline 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.