Gross Foundation Inc
Gross Foundation Inc. maintains substantial assets with zero officer compensation, despite recent operational deficit.
EIN: 113006419 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.1M |
| Total Expenses | $7.3M |
| Program Spending | 90% |
| Net Assets | $69.8M |
| Transparency Score | 90/100 |
Is Gross Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gross Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gross Foundation Inc
Gross Foundation Inc (EIN: 113006419) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $10.1M and total assets of $70.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gross Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gross Foundation Inc is a large nonprofit, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $7.3M |
| Surplus / Deficit | $-500,751 |
| Total Assets | $69.9M |
| Total Liabilities | $112K |
| Net Assets | $69.8M |
| Operating Margin | -7.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 114.7 months |
Financial Health Grade: B
In 2024, Gross Foundation Inc reported a deficit of $501K with expenses exceeding revenue, holds 114.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Gross Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -22.9% | +18.7% | -0.9% |
| 2023 | +55.9% | +45.9% | +3.9% |
| 2022 | +239.4% | -2.2% | +2.2% |
| 2021 | -0.3% | +14.6% | -3.7% |
| 2020 | -9.4% | +65.5% | +13.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Inc with a Mission Score of 90 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, Gross 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $501K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Gross Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests a volunteer-led or externally funded leadership 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 Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest filing period (202402), indicating an operational deficit of $500,751.
Strengths
The following positive indicators were identified for Gross Foundation Inc:
- Consistently reports 0% officer compensation across all filings, indicating high efficiency and dedication of funds to mission.
- Possesses substantial assets ($70,578,652) providing strong financial stability and resilience.
- Maintains very low liabilities ($112,333 in 202402), indicating sound financial management.
- Long history of IRS 990 filings (11 filings), suggesting consistent compliance and transparency.
Frequently Asked Questions about Gross Foundation Inc
Is Gross Foundation Inc a legitimate charity?
Gross Foundation Inc (EIN: 113006419) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 11 years of IRS 990 filings on record. Total revenue: $10.1M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Gross Foundation Inc spend its money?
Gross Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gross Foundation Inc tax-deductible?
Gross Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113006419). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gross Foundation Inc located?
Gross Foundation Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113006419.
How many years of IRS 990 filings does Gross Foundation Inc have?
Gross Foundation Inc has 11 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 $10.1M in total revenue.
Is Gross Foundation Inc. a good charity?
Based on the available financial data, Gross Foundation Inc. appears to be a very good charity. It has substantial assets ($70,578,652), consistently reports 0% officer compensation, and maintains very low liabilities, indicating strong financial health and a commitment to its mission without high administrative overhead for executive salaries.
How does Gross Foundation Inc. manage its executive compensation?
Gross Foundation Inc. reports 0% officer compensation in all available IRS 990 filings, meaning no salaries are paid to its officers. This is a highly efficient practice that maximizes funds available for its programs.
What is the trend in Gross Foundation Inc.'s revenue and expenses?
Gross Foundation Inc.'s revenue has fluctuated significantly, from a low of $1,671,209 in 202102 to a high of $12,032,774 in 201502. Expenses have generally been lower than revenue in most periods, though the 202402 period showed expenses ($7,313,456) exceeding revenue ($6,812,705).
What is the financial stability of Gross Foundation Inc.?
Gross Foundation Inc. demonstrates strong financial stability with substantial assets of $70,578,652 and very low liabilities, currently at $112,333. This large asset base provides significant financial resilience despite occasional operational deficits.
Filing History
IRS 990 filing history for Gross Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Gross Foundation Inc's revenue has grown by 284.7%, moving from $1.8M to $6.8M. Total assets increased by 38.4% over the same period, from $50.5M to $69.9M. Total functional expenses rose by 297.5%, from $1.8M to $7.3M. In its most recent filing year (2024), Gross Foundation Inc reported a deficit of $501K, with expenses exceeding revenue. The organization holds $112K in liabilities against $69.9M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $69.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $6.8M | $7.3M | $69.9M | $112K | — | View 990 |
| 2023 | $8.8M | $6.2M | $70.5M | $93K | — | View 990 |
| 2022 | $5.7M | $4.2M | $67.9M | $94K | — | View 990 |
| 2021 | $1.7M | $4.3M | $66.5M | $90K | — | — |
| 2020 | $1.7M | $3.8M | $69.0M | $1 | — | — |
| 2016 | $1.9M | $2.3M | $60.8M | $0 | — | View 990 |
| 2015 | $12.0M | $2.8M | $61.2M | $0 | — | — |
| 2014 | $3.0M | $2.5M | $52.1M | $0 | — | View 990 |
| 2013 | $3.3M | $2.4M | $51.6M | $0 | — | View 990 |
| 2012 | $2.2M | $2.0M | $50.7M | $0 | — | View 990 |
| 2011 | $1.8M | $1.8M | $50.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.8M, expenses of $7.3M, and assets of $69.9M (revenue -22.9% year-over-year).
- 2023: Revenue of $8.8M, expenses of $6.2M, and assets of $70.5M (revenue +55.9% year-over-year).
- 2022: Revenue of $5.7M, expenses of $4.2M, and assets of $67.9M (revenue +239.4% year-over-year).
- 2021: Revenue of $1.7M, expenses of $4.3M, and assets of $66.5M (revenue -0.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $3.8M, and assets of $69.0M (revenue -9.4% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.3M, and assets of $60.8M (revenue -84.6% year-over-year).
- 2015: Revenue of $12.0M, expenses of $2.8M, and assets of $61.2M (revenue +303.3% year-over-year).
- 2014: Revenue of $3.0M, expenses of $2.5M, and assets of $52.1M (revenue -10.8% year-over-year).
- 2013: Revenue of $3.3M, expenses of $2.4M, and assets of $51.6M (revenue +55.4% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.0M, and assets of $50.7M (revenue +21.5% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.8M, and assets of $50.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gross Foundation Inc:
Data Sources and Methodology
This transparency report for Gross 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.