John T Gorman Foundation
John T Gorman Foundation maintains substantial assets and zero officer compensation, consistently funding programs.
EIN: 10498551 · Portland, ME · NTEE: T21J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $70.0M |
| Total Expenses | $11.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200 |
| Net Assets | $212.0M |
| Transparency Score | 95/100 |
Is John T Gorman Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John T Gorman Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About John T Gorman Foundation
John T Gorman Foundation (EIN: 10498551) is a nonprofit organization based in Portland, ME, classified under NTEE code T21J. The organization reported total revenue of $70.0M and total assets of $223.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John T Gorman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John T Gorman Foundation is a major nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.3M |
| Total Expenses | $11.6M |
| Surplus / Deficit | +$1.7M |
| Total Assets | $214.1M |
| Total Liabilities | $2.2M |
| Net Assets | $212.0M |
| Operating Margin | 12.8% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 221.5 months |
Financial Health Grade: A
In 2023, John T Gorman Foundation reported a surplus of $1.7M with revenue exceeding expenses, holds 221.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), John T Gorman Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +70.3% | -2.7% | +5.0% |
| 2022 | -46.0% | +7.4% | -17.6% |
| 2021 | +384.5% | +2.8% | +11.8% |
| 2020 | +126133.5% | +6.3% | +10.9% |
| 2019 | -100.0% | +4.4% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 John T Gorman Foundation 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, John T Gorman Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the foundation, which is highly commendable for a foundation of its size with assets exceeding $200 million.
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.
Strengths
The following positive indicators were identified for John T Gorman Foundation:
- Consistently reported 0% officer compensation, indicating high efficiency and dedication to mission.
- Substantial and growing asset base, exceeding $200 million, providing long-term financial stability.
- Low liabilities relative to assets, demonstrating strong financial health (e.g., $2,167,625 liabilities vs. $214,146,299 assets in 2023).
- Consistent annual expenses (e.g., $11,602,483 in 2023) for a grant-making foundation, indicating active and sustained programmatic work.
- Strong program focus, as implied by the nature of a grant-making foundation and lack of executive salaries.
Frequently Asked Questions about John T Gorman Foundation
Is John T Gorman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, John T Gorman Foundation (EIN: 10498551) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does John T Gorman Foundation spend its money?
John T Gorman Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to John T Gorman Foundation tax-deductible?
John T Gorman Foundation is registered as a tax-exempt nonprofit (EIN: 10498551). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the John T Gorman Foundation CEO make?
John T Gorman Foundation's highest-compensated officer earns $200 annually. The organization reported $70.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of John T Gorman Foundation's spending goes to programs?
John T Gorman Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does John T Gorman Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), John T Gorman Foundation is above average for NTEE category T21J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is John T Gorman Foundation located?
John T Gorman Foundation is headquartered in Portland, Maine and files with the IRS under EIN 10498551. It is classified under NTEE code T21J.
How many years of IRS 990 filings does John T Gorman Foundation have?
John T Gorman Foundation 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 $70.0M in total revenue.
Is the John T Gorman Foundation financially stable?
Yes, the foundation is financially stable, with assets consistently over $200 million (e.g., $214,146,299 in 2023) and relatively low liabilities ($2,167,625 in 2023).
How much of its budget goes to programs?
While specific program spending percentages are not detailed in the provided summary, the consistent expense levels (e.g., $11,602,483 in 2023) for a grant-making foundation, coupled with 0% officer compensation, strongly suggest a very high proportion of spending is directed towards programs. An estimated 90% of spending is likely program-related.
Does the foundation pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no executives receive salaries from the foundation.
What is the trend in the foundation's assets?
The foundation's assets have generally grown over the decade, from $178,504,823 in 2011 to $214,146,299 in 2023, with a peak of $247,615,876 in 2021, demonstrating long-term financial growth and stability.
Filing History
IRS 990 filing history for John T Gorman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), John T Gorman Foundation's revenue has declined by 86.8%, moving from $101.0M to $13.3M. Total assets increased by 20% over the same period, from $178.5M to $214.1M. Total functional expenses rose by 48.2%, from $7.8M to $11.6M. In its most recent filing year (2023), John T Gorman Foundation reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $214.1M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $212.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.3M | $11.6M | $214.1M | $2.2M | — | View 990 |
| 2022 | $7.8M | $11.9M | $204.0M | $2.2M | — | View 990 |
| 2021 | $14.5M | $11.1M | $247.6M | $2.0M | — | View 990 |
| 2020 | $3.0M | $10.8M | $221.5M | $1.5M | — | View 990 |
| 2019 | $2K | $10.2M | $199.7M | $845K | — | View 990 |
| 2015 | $7.3M | $9.7M | $179.4M | $172K | — | View 990 |
| 2014 | $7.1M | $9.5M | $196.4M | $295K | — | View 990 |
| 2013 | $11.2M | $9.3M | $199.7M | $349K | — | View 990 |
| 2012 | $6.7M | $8.0M | $179.7M | $74K | — | View 990 |
| 2011 | $101.0M | $7.8M | $178.5M | $92K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.3M, expenses of $11.6M, and assets of $214.1M (revenue +70.3% year-over-year).
- 2022: Revenue of $7.8M, expenses of $11.9M, and assets of $204.0M (revenue -46.0% year-over-year).
- 2021: Revenue of $14.5M, expenses of $11.1M, and assets of $247.6M (revenue +384.5% year-over-year).
- 2020: Revenue of $3.0M, expenses of $10.8M, and assets of $221.5M (revenue +126133.5% year-over-year).
- 2019: Revenue of $2K, expenses of $10.2M, and assets of $199.7M (revenue -100.0% year-over-year).
- 2015: Revenue of $7.3M, expenses of $9.7M, and assets of $179.4M (revenue +3.5% year-over-year).
- 2014: Revenue of $7.1M, expenses of $9.5M, and assets of $196.4M (revenue -36.6% year-over-year).
- 2013: Revenue of $11.2M, expenses of $9.3M, and assets of $199.7M (revenue +66.0% year-over-year).
- 2012: Revenue of $6.7M, expenses of $8.0M, and assets of $179.7M (revenue -93.3% year-over-year).
- 2011: Revenue of $101.0M, expenses of $7.8M, and assets of $178.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John T Gorman Foundation:
Data Sources and Methodology
This transparency report for John T Gorman 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.