Gundalow Company
Gundalow Company shows consistent asset growth and no reported officer compensation over a decade.
EIN: 20598530 · Portsmouth, NH · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $778K |
| Total Expenses | $707K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Gundalow Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gundalow Company directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gundalow Company
Gundalow Company (EIN: 20598530) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code B99. The organization reported total revenue of $778K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gundalow Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gundalow Company is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $670K |
| Total Expenses | $707K |
| Surplus / Deficit | $-36,248 |
| Total Assets | $1.1M |
| Total Liabilities | $27K |
| Net Assets | $1.1M |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 19.0 months |
Financial Health Grade: B
In 2023, Gundalow Company reported a deficit of $36K with expenses exceeding revenue, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gundalow Company's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.5% | +5.9% | +0.5% |
| 2022 | -7.7% | +24.4% | -2.9% |
| 2021 | +64.4% | +11.9% | +13.0% |
| 2020 | -6.7% | -6.4% | +12.4% |
| 2019 | +1.5% | +4.0% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Gundalow Company with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Gundalow Company allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $600,000 in annual revenue. This suggests either a fully volunteer executive leadership or that compensation is categorized differently, warranting further investigation for complete transparency.
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 Gundalow Company's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could mask executive compensation under other categories, requiring further scrutiny for full transparency.
- Slight deficit in 2023 ($670,258 revenue vs. $706,506 expenses), indicating expenses exceeded revenue in the most recent period.
Strengths
The following positive indicators were identified for Gundalow Company:
- Consistent asset growth, increasing from $775,005 in 2014 to $1,116,822 in 2023, demonstrating financial stability.
- Very low liabilities across all reported periods, with the highest recent liability at $26,650 in 2023, indicating strong financial management and minimal debt.
- No reported officer compensation across all 13 filings, suggesting a high dedication of resources to programs or volunteer leadership.
- Overall upward trend in revenue over the past decade, indicating growing support and operational capacity.
Frequently Asked Questions about Gundalow Company
Is Gundalow Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Gundalow Company (EIN: 20598530) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Gundalow Company spend its money?
Gundalow Company directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gundalow Company tax-deductible?
Gundalow Company is registered as a tax-exempt nonprofit (EIN: 20598530). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gundalow Company CEO make?
Gundalow Company's highest-compensated officer earns $600,000 annually. The organization reported $778K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gundalow Company's spending goes to programs?
Gundalow Company directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gundalow Company compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gundalow Company is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gundalow Company located?
Gundalow Company is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20598530. It is classified under NTEE code B99.
How many years of IRS 990 filings does Gundalow Company have?
Gundalow Company has 13 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 $778K in total revenue.
Is Gundalow Company a good charity?
Based on the available IRS 990 data, Gundalow Company appears to be a financially stable organization with consistent asset growth and very low liabilities. The consistent reporting of 0% officer compensation is a strong positive indicator of resource allocation. However, without a detailed functional expense breakdown (program, admin, fundraising), a definitive assessment of 'good' is limited, but the financial health indicators are strong.
How has Gundalow Company's financial health changed over the last decade?
Over the last decade, Gundalow Company has shown consistent financial growth. Assets have increased from $775,005 in 2014 to $1,116,822 in 2023. Revenue has generally trended upwards, from $394,541 in 2014 to $670,258 in 2023, with some annual fluctuations. Liabilities have remained very low, indicating strong financial management.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly significant. It suggests that the organization's top leadership may be entirely volunteer-based, or that their compensation is reported under different expense categories (e.g., salaries and wages for non-officers). This practice, if truly volunteer-driven, indicates a high dedication of resources directly to the mission rather than executive salaries, enhancing efficiency and donor trust.
Filing History
IRS 990 filing history for Gundalow Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gundalow Company's revenue has declined by 0.1%, moving from $671K to $670K. Total assets increased by 32.4% over the same period, from $843K to $1.1M. Total functional expenses rose by 97.2%, from $358K to $707K. In its most recent filing year (2023), Gundalow Company reported a deficit of $36K, with expenses exceeding revenue. The organization holds $27K in liabilities against $1.1M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $670K | $707K | $1.1M | $27K | — | — |
| 2022 | $695K | $667K | $1.1M | $18K | — | View 990 |
| 2021 | $753K | $536K | $1.1M | $7K | — | View 990 |
| 2020 | $458K | $479K | $1.0M | $126K | — | View 990 |
| 2019 | $491K | $512K | $902K | $9K | — | View 990 |
| 2018 | $484K | $493K | $883K | $3K | — | View 990 |
| 2017 | $531K | $460K | $904K | $6K | — | View 990 |
| 2016 | $424K | $401K | $812K | $3K | — | View 990 |
| 2015 | $423K | $413K | $784K | $2K | — | View 990 |
| 2014 | $395K | $427K | $775K | $600 | — | View 990 |
| 2013 | $363K | $423K | $808K | $2K | — | View 990 |
| 2012 | $480K | $394K | $863K | $0 | — | View 990 |
| 2011 | $671K | $358K | $843K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $670K, expenses of $707K, and assets of $1.1M (revenue -3.5% year-over-year).
- 2022: Revenue of $695K, expenses of $667K, and assets of $1.1M (revenue -7.7% year-over-year).
- 2021: Revenue of $753K, expenses of $536K, and assets of $1.1M (revenue +64.4% year-over-year).
- 2020: Revenue of $458K, expenses of $479K, and assets of $1.0M (revenue -6.7% year-over-year).
- 2019: Revenue of $491K, expenses of $512K, and assets of $902K (revenue +1.5% year-over-year).
- 2018: Revenue of $484K, expenses of $493K, and assets of $883K (revenue -8.8% year-over-year).
- 2017: Revenue of $531K, expenses of $460K, and assets of $904K (revenue +25.3% year-over-year).
- 2016: Revenue of $424K, expenses of $401K, and assets of $812K (revenue +0.2% year-over-year).
- 2015: Revenue of $423K, expenses of $413K, and assets of $784K (revenue +7.1% year-over-year).
- 2014: Revenue of $395K, expenses of $427K, and assets of $775K (revenue +8.8% year-over-year).
- 2013: Revenue of $363K, expenses of $423K, and assets of $808K (revenue -24.4% year-over-year).
- 2012: Revenue of $480K, expenses of $394K, and assets of $863K (revenue -28.5% year-over-year).
- 2011: Revenue of $671K, expenses of $358K, and assets of $843K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gundalow Company:
Data Sources and Methodology
This transparency report for Gundalow Company 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.