Greeting Card Association
Greeting Card Association shows consistent revenue growth and no reported officer compensation.
EIN: 131672624 · Centennial, CO · Updated: 2026-03-28
Is Greeting Card Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greeting Card Association directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greeting Card Association
Greeting Card Association (EIN: 131672624) is a nonprofit organization based in Centennial, CO. The organization reported total revenue of $1.4M and total assets of $546K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greeting Card Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greeting Card Association is a mid-size nonprofit that has been operating for 82 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$81K |
| Total Assets | $758K |
| Total Liabilities | $419K |
| Net Assets | $338K |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 55.3% |
| Months of Reserves | 7.5 months |
Financial Health Grade: A
In 2023, Greeting Card Association reported a surplus of $81K with revenue exceeding expenses, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 55.3% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Greeting Card Association's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.7% | +10.6% | +0.4% |
| 2022 | +10.6% | +27.9% | +55.0% |
| 2021 | +52.2% | +11.9% | +27.9% |
| 2020 | -45.3% | -42.5% | +15.1% |
| 2019 | +33.0% | +47.2% | -30.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1944 |
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 Greeting Card Association 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Greeting Card Association allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $81K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not classified as officer compensation on the 990, which is unusual for an organization with over $1 million in annual revenue.
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 Greeting Card Association's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
- Consistent 0% officer compensation for an organization with over $1M in revenue, which could indicate alternative compensation structures not fully transparent without further detail.
Strengths
The following positive indicators were identified for Greeting Card Association:
- Consistent positive net income in recent years (e.g., $81,497 in 2023, $12,490 in 2022, $146,245 in 2021).
- Growing asset base, indicating financial health and accumulation of reserves (e.g., assets grew from $487,040 in 2021 to $757,775 in 2023).
- Long history of IRS 990 filings (14 filings), demonstrating regulatory compliance and basic transparency.
- Effective management of liabilities, maintaining positive net assets.
Frequently Asked Questions about Greeting Card Association
Is Greeting Card Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Greeting Card Association (EIN: 131672624) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Greeting Card Association spend its money?
Greeting Card Association directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greeting Card Association tax-deductible?
Greeting Card Association is registered as a tax-exempt nonprofit (EIN: 131672624). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Greeting Card Association allocate its expenses between programs, administration, and fundraising?
The provided data does not offer a detailed functional expense breakdown. While overall expenses are available (e.g., $1,215,321 in 2023), specific percentages for programs, administration, and fundraising are not itemized, making it difficult to assess spending efficiency in these categories.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all 14 filings suggests that the organization's officers may be volunteers, or their compensation is structured in a way that it is not reported under 'officer compensation' on the IRS Form 990, such as through a management company or as general employee salaries if they are not considered 'officers' for 990 purposes.
Is the organization financially stable given its asset and liability trends?
Yes, the organization appears financially stable. Its assets have generally grown, reaching $757,775 in 2023, while liabilities have been managed, resulting in positive and growing net assets (e.g., $338,362 in 2023). This indicates a healthy financial position and ability to cover its obligations.
Filing History
IRS 990 filing history for Greeting Card Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Greeting Card Association's revenue has grown by 30.3%, moving from $995K to $1.3M. Total assets increased by 99.7% over the same period, from $379K to $758K. Total functional expenses rose by 25.7%, from $967K to $1.2M. In its most recent filing year (2023), Greeting Card Association reported a surplus of $81K, with revenue exceeding expenses. The organization holds $419K in liabilities against $758K in assets (debt-to-asset ratio: 55.3%), resulting in net assets of $338K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.2M | $758K | $419K | — | — |
| 2022 | $1.1M | $1.1M | $755K | $507K | — | View 990 |
| 2021 | $1.0M | $859K | $487K | $237K | — | View 990 |
| 2020 | $661K | $768K | $381K | $277K | — | View 990 |
| 2019 | $1.2M | $1.3M | $331K | $120K | — | View 990 |
| 2018 | $907K | $908K | $474K | $134K | — | View 990 |
| 2017 | $981K | $1.1M | $601K | $260K | — | View 990 |
| 2016 | $876K | $805K | $568K | $112K | — | View 990 |
| 2015 | $783K | $813K | $478K | $92K | — | View 990 |
| 2014 | $915K | $959K | $522K | $106K | — | View 990 |
| 2013 | $1.4M | $1.4M | $652K | $191K | — | View 990 |
| 2012 | $984K | $983K | $517K | $89K | — | View 990 |
| 2011 | $1.0M | $979K | $537K | $111K | — | View 990 |
| 2010 | $995K | $967K | $379K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $758K (revenue +16.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $755K (revenue +10.6% year-over-year).
- 2021: Revenue of $1.0M, expenses of $859K, and assets of $487K (revenue +52.2% year-over-year).
- 2020: Revenue of $661K, expenses of $768K, and assets of $381K (revenue -45.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.3M, and assets of $331K (revenue +33.0% year-over-year).
- 2018: Revenue of $907K, expenses of $908K, and assets of $474K (revenue -7.5% year-over-year).
- 2017: Revenue of $981K, expenses of $1.1M, and assets of $601K (revenue +12.0% year-over-year).
- 2016: Revenue of $876K, expenses of $805K, and assets of $568K (revenue +11.9% year-over-year).
- 2015: Revenue of $783K, expenses of $813K, and assets of $478K (revenue -14.5% year-over-year).
- 2014: Revenue of $915K, expenses of $959K, and assets of $522K (revenue -34.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $652K (revenue +42.5% year-over-year).
- 2012: Revenue of $984K, expenses of $983K, and assets of $517K (revenue -6.2% year-over-year).
- 2011: Revenue of $1.0M, expenses of $979K, and assets of $537K (revenue +5.4% year-over-year).
- 2010: Revenue of $995K, expenses of $967K, and assets of $379K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greeting Card Association:
Data Sources and Methodology
This transparency report for Greeting Card Association 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.