Gregory L Gibson Charitable Foundation Inc
Gregory L Gibson Charitable Foundation shows consistent asset growth and zero executive compensation over a decade.
EIN: 10852643 · Terre Haute, IN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $612K |
| Program Spending | 90% |
| Net Assets | $8.2M |
| Transparency Score | 95/100 |
Is Gregory L Gibson Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gregory L Gibson Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gregory L Gibson Charitable Foundation Inc
Gregory L Gibson Charitable Foundation Inc (EIN: 10852643) is a nonprofit organization based in Terre Haute, IN, classified under NTEE code T22. The organization reported total revenue of $3.5M and total assets of $10.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gregory L Gibson Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gregory L Gibson Charitable Foundation Inc is a mid-size 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 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $612K |
| Surplus / Deficit | +$860K |
| Total Assets | $8.2M |
| Total Liabilities | $1 |
| Net Assets | $8.2M |
| Operating Margin | 58.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 161.0 months |
Financial Health Grade: A
In 2023, Gregory L Gibson Charitable Foundation Inc reported a surplus of $860K with revenue exceeding expenses, holds 161.0 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), Gregory L Gibson Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.6% | +17.3% | +11.7% |
| 2022 | +29.5% | +29.0% | +17.4% |
| 2021 | +87.9% | +8.9% | +15.5% |
| 2020 | +286.7% | +0.6% | +5.7% |
| 2019 | -89.9% | +72.9% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Gregory L Gibson Charitable Foundation Inc with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Gregory L Gibson Charitable Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $860K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly unusual for an organization of this size and asset base. This suggests a volunteer-led or extremely lean operational structure, maximizing funds available for charitable purposes.
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 Gregory L Gibson Charitable Foundation Inc's IRS 990 filings:
- Zero officer compensation for an organization with over $8 million in assets could indicate reliance on external support or an unusual operational model that might not be sustainable long-term without paid staff.
Strengths
The following positive indicators were identified for Gregory L Gibson Charitable Foundation Inc:
- Consistent and significant asset growth, from $2,161,544 in 2011 to $8,215,739 in 2023, demonstrating strong financial management.
- Zero reported officer compensation across all filings, indicating a highly efficient and mission-focused use of funds.
- Expenses consistently represent a small percentage of revenue, suggesting a high proportion of funds are available for programmatic activities or asset building.
- Low liabilities ($1 in recent years), indicating a very stable financial position.
Frequently Asked Questions about Gregory L Gibson Charitable Foundation Inc
Is Gregory L Gibson Charitable Foundation Inc a legitimate charity?
Gregory L Gibson Charitable Foundation Inc (EIN: 10852643) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.5M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Gregory L Gibson Charitable Foundation Inc spend its money?
Gregory L Gibson Charitable Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gregory L Gibson Charitable Foundation Inc tax-deductible?
Gregory L Gibson Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10852643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gregory L Gibson Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Gregory L Gibson Charitable Foundation Inc 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 Gregory L Gibson Charitable Foundation Inc located?
Gregory L Gibson Charitable Foundation Inc is headquartered in Terre Haute, Indiana and files with the IRS under EIN 10852643. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gregory L Gibson Charitable Foundation Inc have?
Gregory L Gibson Charitable Foundation Inc 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 $3.5M in total revenue.
Is Gregory L Gibson Charitable Foundation Inc a good charity?
Based on the provided financial data, the Gregory L Gibson Charitable Foundation Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and exceptionally low administrative overhead with zero reported officer compensation, suggesting a high proportion of funds are directed towards its mission.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time. Assets have grown from $2,161,544 in 2011 to $8,215,739 in 2023, and revenue has shown a general upward trend, indicating robust growth and sustainability.
What is the organization's spending efficiency?
The organization exhibits excellent spending efficiency. For example, in 2023, expenses were $612,219 against revenue of $1,471,794, meaning a significant portion of revenue is either retained or directly used for programs, with very low overhead, especially given the zero officer compensation.
Filing History
IRS 990 filing history for Gregory L Gibson Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gregory L Gibson Charitable Foundation Inc's revenue has grown by 165.7%, moving from $554K to $1.5M. Total assets increased by 280.1% over the same period, from $2.2M to $8.2M. Total functional expenses rose by 622.4%, from $85K to $612K. In its most recent filing year (2023), Gregory L Gibson Charitable Foundation Inc reported a surplus of $860K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $612K | $8.2M | $1 | — | View 990 |
| 2022 | $1.6M | $522K | $7.4M | $1 | — | View 990 |
| 2021 | $1.2M | $404K | $6.3M | $1 | — | View 990 |
| 2020 | $662K | $371K | $5.4M | $1 | — | View 990 |
| 2019 | $171K | $369K | $5.1M | $0 | — | View 990 |
| 2015 | $1.7M | $214K | $4.9M | $0 | — | View 990 |
| 2014 | $797K | $161K | $3.4M | $0 | — | View 990 |
| 2013 | $498K | $141K | $2.7M | $0 | — | View 990 |
| 2012 | $345K | $117K | $2.4M | $0 | — | View 990 |
| 2011 | $554K | $85K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $612K, and assets of $8.2M (revenue -8.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $522K, and assets of $7.4M (revenue +29.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $404K, and assets of $6.3M (revenue +87.9% year-over-year).
- 2020: Revenue of $662K, expenses of $371K, and assets of $5.4M (revenue +286.7% year-over-year).
- 2019: Revenue of $171K, expenses of $369K, and assets of $5.1M (revenue -89.9% year-over-year).
- 2015: Revenue of $1.7M, expenses of $214K, and assets of $4.9M (revenue +113.2% year-over-year).
- 2014: Revenue of $797K, expenses of $161K, and assets of $3.4M (revenue +59.9% year-over-year).
- 2013: Revenue of $498K, expenses of $141K, and assets of $2.7M (revenue +44.3% year-over-year).
- 2012: Revenue of $345K, expenses of $117K, and assets of $2.4M (revenue -37.6% year-over-year).
- 2011: Revenue of $554K, expenses of $85K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gregory L Gibson Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Gregory L Gibson Charitable Foundation Inc 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.