Gross Foundation
Gross Foundation: Consistent Asset Growth, Low Program Spending
EIN: 222393682 · West Palm Bch, FL · Updated: 2026-04-04
Is Gross Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gross Foundation directs 12% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Gross Foundation
Gross Foundation (EIN: 222393682) is a nonprofit organization based in West Palm Bch, FL. The organization reported total revenue of $6.1M and total assets of $12.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gross Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gross Foundation is a mid-size nonprofit that has been operating for 44 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $821K |
| Total Expenses | $688K |
| Surplus / Deficit | +$133K |
| Total Assets | $11.5M |
| Total Liabilities | $1 |
| Net Assets | $11.5M |
| Operating Margin | 16.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 200.5 months |
Financial Health Grade: A
In 2023, Gross Foundation reported a surplus of $133K with revenue exceeding expenses, holds 200.5 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), Gross Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.7% | -17.3% | +1.0% |
| 2022 | -11.0% | +12.7% | +2.4% |
| 2021 | +4.7% | +11.4% | +4.7% |
| 2020 | +14.7% | +25.7% | +5.2% |
| 2019 | +59.6% | +36.7% | +19.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Gross Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 70%
- programs: 12%
- fundraising: 18%
According to IRS 990 filings, Gross Foundation allocates its expenses as follows: admin: 70%, programs: 12%, fundraising: 18%. Only 12% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $133K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or externally managed structure.
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 Gross Foundation's IRS 990 filings:
- Program spending (grants paid) is consistently very low, e.g., $820,729 in 2023 against total expenses of $6,880,270, representing only 12% of expenses.
- A significant portion of expenses is allocated to administrative costs, such as $6,880,270 in 2023, which is high relative to program spending.
- The foundation reports $0 in 'contributions, gifts, grants, and similar amounts paid' in all available filings, which is unusual for a foundation.
- The purpose or mission of the foundation is not clearly stated in the provided data, making it difficult to assess impact.
Strengths
The following positive indicators were identified for Gross Foundation:
- The foundation demonstrates consistent asset growth, from $7,915,282 in 2013 to $11,496,401 in 2023.
- The foundation maintains a substantial endowment, indicating long-term financial stability.
- No executive compensation is reported, which can be a positive for donor perception regarding overhead.
Frequently Asked Questions about Gross Foundation
Is Gross Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gross Foundation (EIN: 222393682) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Gross Foundation spend its money?
Gross Foundation directs 12% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gross Foundation tax-deductible?
Gross Foundation is registered as a tax-exempt nonprofit (EIN: 222393682). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Gross Foundation do?
Gross Foundation is a nonprofit organization in the Unknown sector, located in West Palm Bch, Florida. It is classified under NTEE code Unknown.
How much revenue does Gross Foundation have?
Gross Foundation reported total revenue of $6,071,167. Based on 10 IRS 990 filings on record.
What are Gross Foundation's total assets?
Gross Foundation holds total assets of $12,300,025 as reported in IRS 990 filings.
Where is Gross Foundation located?
Gross Foundation is based in West Palm Bch, Florida.
What is Gross Foundation's EIN?
Gross Foundation's Employer Identification Number (EIN) is 222393682. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Gross Foundation?
Gross Foundation is classified under NTEE code Unknown (Unknown).
Is Gross Foundation a registered 501(c)(3)?
Gross Foundation appears in IRS records (EIN: 222393682). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Gross Foundation file IRS Form 990?
Yes, Gross Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Gross Foundation's revenue in 2023?
In the 202312 filing period, Gross Foundation reported total revenue of $820,729, total expenses of $688,027, and net assets of $11,496,401.
Is Gross Foundation's revenue growing or declining?
Gross Foundation's revenue is declining. Revenue went from $1,104,463 (202212) to $820,729 (202312), a -25.7% change. Based on 10 filings on record.
What is Gross Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Gross Foundation covers tax period 202312. It shows revenue of $820,729, expenses of $688,027, total assets of $11,496,401, and liabilities of $1.
How much does Gross Foundation spend on programs vs administration?
Based on IRS 990 analysis, Gross Foundation allocates approximately 12% of expenses to program services, 70% to administrative costs, and 18% to fundraising. Overhead costs appear high relative to program spending.
Is Gross Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Gross Foundation shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 3 strengths noted.
What are the red flags for Gross Foundation?
The following concerns were identified: Program spending (grants paid) is consistently very low, e.g., $820,729 in 2023 against total expenses of $6,880,270, representing only 12% of expenses.. A significant portion of expenses is allocated to administrative costs, such as $6,880,270 in 2023, which is high relative to program spending.. The foundation reports $0 in 'contributions, gifts, grants, and similar amounts paid' in all available filings, which is unusual for a foundation.. The purpose or mission of the foundation is not clearly stated in the provided data, making it difficult to assess impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Gross Foundation's strengths?
Positive indicators for Gross Foundation include: The foundation demonstrates consistent asset growth, from $7,915,282 in 2013 to $11,496,401 in 2023.. The foundation maintains a substantial endowment, indicating long-term financial stability.. No executive compensation is reported, which can be a positive for donor perception regarding overhead.. These findings are derived from AI analysis of the organization's financial filings.
How does Gross Foundation compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or externally managed structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for 'contributions, gifts, grants, and similar amounts paid,' how does Gross Foundation fulfill its charitable purpose, and what are the primary activities funded by its significant administrative expenses?
The data suggests the foundation may operate through indirect means or specific investment strategies rather than direct grant-making. The high administrative expenses, such as $6,880,270 in 2023, would need further investigation to understand their nature and alignment with the foundation's mission, especially in the absence of direct program spending.
With assets growing from $7.9M to $11.5M over a decade, what is the foundation's strategy for asset utilization and distribution, particularly considering the low program spending relative to its endowment?
The foundation appears to prioritize asset growth and preservation. The low program spending, such as $820,729 in 2023, compared to its substantial and growing asset base, suggests a strategy focused on long-term endowment building rather than immediate, significant charitable distributions. This raises questions about its payout policy and long-term philanthropic goals.
Filing History
IRS 990 filing history for Gross Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gross Foundation's revenue has grown by 260.5%, moving from $228K to $821K. Total assets increased by 92.9% over the same period, from $6.0M to $11.5M. Total functional expenses rose by 42%, from $485K to $688K. In its most recent filing year (2023), Gross Foundation reported a surplus of $133K, with revenue exceeding expenses. The organization holds $1 in liabilities against $11.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $821K | $688K | $11.5M | $1 | — | View 990 |
| 2022 | $1.1M | $832K | $11.4M | $1 | — | View 990 |
| 2021 | $1.2M | $738K | $11.1M | $1 | — | View 990 |
| 2020 | $1.2M | $662K | $10.6M | $1 | — | View 990 |
| 2019 | $1.0M | $527K | $10.1M | $0 | — | View 990 |
| 2015 | $647K | $385K | $8.5M | $1 | — | View 990 |
| 2014 | $831K | $551K | $8.2M | $1 | — | View 990 |
| 2013 | $1.5M | $117K | $7.9M | $1 | — | View 990 |
| 2012 | $1.3M | $469K | $6.6M | $1 | — | View 990 |
| 2011 | $228K | $485K | $6.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $821K, expenses of $688K, and assets of $11.5M (revenue -25.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $832K, and assets of $11.4M (revenue -11.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $738K, and assets of $11.1M (revenue +4.7% year-over-year).
- 2020: Revenue of $1.2M, expenses of $662K, and assets of $10.6M (revenue +14.7% year-over-year).
- 2019: Revenue of $1.0M, expenses of $527K, and assets of $10.1M (revenue +59.6% year-over-year).
- 2015: Revenue of $647K, expenses of $385K, and assets of $8.5M (revenue -22.1% year-over-year).
- 2014: Revenue of $831K, expenses of $551K, and assets of $8.2M (revenue -43.8% year-over-year).
- 2013: Revenue of $1.5M, expenses of $117K, and assets of $7.9M (revenue +17.0% year-over-year).
- 2012: Revenue of $1.3M, expenses of $469K, and assets of $6.6M (revenue +454.3% year-over-year).
- 2011: Revenue of $228K, expenses of $485K, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gross Foundation:
Data Sources and Methodology
This transparency report for Gross 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.