Gollapalli Charitable Foundation
Gollapalli Charitable Foundation shows volatile revenue but consistent expenses and zero officer compensation.
EIN: 205934357 · Oklahoma City, OK · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $153K |
| Total Expenses | $103K |
| Program Spending | 85% |
| Net Assets | $529K |
| Transparency Score | 75/100 |
Is Gollapalli Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gollapalli Charitable Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gollapalli Charitable Foundation
Gollapalli Charitable Foundation (EIN: 205934357) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code T22. The organization reported total revenue of $153K and total assets of $641K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gollapalli Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gollapalli Charitable Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -21.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $103K |
| Surplus / Deficit | $-89,178 |
| Total Assets | $529K |
| Total Liabilities | $1 |
| Net Assets | $529K |
| Operating Margin | -661.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 61.9 months |
Financial Health Grade: B
In 2023, Gollapalli Charitable Foundation reported a deficit of $89K with expenses exceeding revenue, holds 61.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gollapalli Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -21.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -94.2% | +3.4% | -8.2% |
| 2022 | +397.4% | +35.3% | +46.3% |
| 2021 | +254.3% | -31.7% | -23.2% |
| 2020 | -73.3% | +16.6% | -11.8% |
| 2019 | -76.9% | -38.1% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Gollapalli Charitable Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Gollapalli Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Gollapalli Charitable Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for a nonprofit of its size.
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 Gollapalli Charitable Foundation's IRS 990 filings:
- Significant revenue volatility, with a drop from $232,939 in 2022 to $13,483 in 2023, while expenses remained high.
- Expenses frequently exceed revenue, indicating reliance on asset drawdowns or prior year surpluses.
Strengths
The following positive indicators were identified for Gollapalli Charitable Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for mission.
- Consistent asset growth over the long term, from $280,347 in 2011 to $529,480 in 2023, providing financial stability.
- Low liabilities consistently reported.
Frequently Asked Questions about Gollapalli Charitable Foundation
Is Gollapalli Charitable Foundation a legitimate charity?
Gollapalli Charitable Foundation (EIN: 205934357) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $153K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gollapalli Charitable Foundation spend its money?
Gollapalli Charitable Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gollapalli Charitable Foundation tax-deductible?
Gollapalli Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 205934357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gollapalli Charitable Foundation's spending goes to programs?
Gollapalli Charitable Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gollapalli Charitable Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Gollapalli Charitable 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 Gollapalli Charitable Foundation located?
Gollapalli Charitable Foundation is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 205934357. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gollapalli Charitable Foundation have?
Gollapalli Charitable 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 $153K in total revenue.
How does the foundation sustain operations during years of low revenue, such as 2023 when revenue was $13,483 but expenses were $102,661?
The foundation likely draws from its accumulated assets to cover expenses during periods of low revenue. Its assets have generally increased over time, from $280,347 in 2011 to $529,480 in 2023, providing a buffer.
What are the specific program activities or grants made by the foundation, given its NTEE code T22 (Private Grantmaking Foundations)?
The provided data does not detail specific program activities or grant recipients. As a private grantmaking foundation, its primary mission would be to issue grants to other organizations or individuals, but the specifics are not available in this summary.
Why is the liability consistently reported as $1 across multiple years?
The consistent reporting of $1 in liabilities is unusual and may indicate a placeholder for minimal or negligible liabilities, or a data entry convention rather than an exact financial figure.
Filing History
IRS 990 filing history for Gollapalli Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gollapalli Charitable Foundation's revenue has declined by 94.3%, moving from $237K to $13K. Total assets increased by 88.9% over the same period, from $280K to $529K. Total functional expenses rose by 12.6%, from $91K to $103K. In its most recent filing year (2023), Gollapalli Charitable Foundation reported a deficit of $89K, with expenses exceeding revenue. The organization holds $1 in liabilities against $529K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $529K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13K | $103K | $529K | $1 | — | — |
| 2022 | $233K | $99K | $577K | $1 | — | View 990 |
| 2021 | $47K | $73K | $394K | $1 | — | View 990 |
| 2020 | $13K | $107K | $513K | $1 | — | — |
| 2019 | $49K | $92K | $582K | $1 | — | View 990 |
| 2015 | $214K | $149K | $537K | $1 | — | View 990 |
| 2014 | $66K | $68K | $472K | $1 | — | View 990 |
| 2013 | $155K | $94K | $473K | $1 | — | View 990 |
| 2012 | $212K | $79K | $413K | $1 | — | View 990 |
| 2011 | $237K | $91K | $280K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13K, expenses of $103K, and assets of $529K (revenue -94.2% year-over-year).
- 2022: Revenue of $233K, expenses of $99K, and assets of $577K (revenue +397.4% year-over-year).
- 2021: Revenue of $47K, expenses of $73K, and assets of $394K (revenue +254.3% year-over-year).
- 2020: Revenue of $13K, expenses of $107K, and assets of $513K (revenue -73.3% year-over-year).
- 2019: Revenue of $49K, expenses of $92K, and assets of $582K (revenue -76.9% year-over-year).
- 2015: Revenue of $214K, expenses of $149K, and assets of $537K (revenue +221.9% year-over-year).
- 2014: Revenue of $66K, expenses of $68K, and assets of $472K (revenue -57.1% year-over-year).
- 2013: Revenue of $155K, expenses of $94K, and assets of $473K (revenue -26.8% year-over-year).
- 2012: Revenue of $212K, expenses of $79K, and assets of $413K (revenue -10.9% year-over-year).
- 2011: Revenue of $237K, expenses of $91K, and assets of $280K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gollapalli Charitable Foundation:
Data Sources and Methodology
This transparency report for Gollapalli Charitable 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.