Margaret Gada Slosberg Charitable Foundation
Margaret Gada Slosberg Charitable Foundation maintains minimal liabilities and zero officer compensation amidst fluctuating revenues and assets.
EIN: 206743088 · Warwick, RI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $148K |
| Total Expenses | $33K |
| Program Spending | 90% |
| Net Assets | $408K |
| Transparency Score | 85/100 |
Is Margaret Gada Slosberg Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margaret Gada Slosberg Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margaret Gada Slosberg Charitable Foundation
Margaret Gada Slosberg Charitable Foundation (EIN: 206743088) is a nonprofit organization based in Warwick, RI, classified under NTEE code T20. The organization reported total revenue of $148K and total assets of $352K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaret Gada Slosberg Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margaret Gada Slosberg Charitable Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $33K |
| Surplus / Deficit | $-10,991 |
| Total Assets | $408K |
| Total Liabilities | $1 |
| Net Assets | $408K |
| Operating Margin | -50.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 149.2 months |
Financial Health Grade: B
In 2023, Margaret Gada Slosberg Charitable Foundation reported a deficit of $11K with expenses exceeding revenue, holds 149.2 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), Margaret Gada Slosberg Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -61.0% | +1.3% | -2.5% |
| 2022 | +155.5% | -1.4% | +5.9% |
| 2021 | -51.1% | +138.3% | -2.6% |
| 2020 | +144.9% | -84.2% | +8.3% |
| 2019 | -59.3% | +0.9% | -30.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Margaret Gada Slosberg Charitable Foundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Margaret Gada Slosberg Charitable Foundation 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 deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is unpaid, which is a strong positive for resource allocation.
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 Margaret Gada Slosberg Charitable Foundation's IRS 990 filings:
- Inconsistent revenue generation year-over-year
- General decline in total assets over the past decade
Strengths
The following positive indicators were identified for Margaret Gada Slosberg Charitable Foundation:
- Consistent reporting of zero officer compensation
- Extremely low liabilities, indicating no debt burden
- Consistent filing of IRS 990s demonstrating transparency
- Assets significantly exceed liabilities
Frequently Asked Questions about Margaret Gada Slosberg Charitable Foundation
Is Margaret Gada Slosberg Charitable Foundation a legitimate charity?
Margaret Gada Slosberg Charitable Foundation (EIN: 206743088) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $148K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Margaret Gada Slosberg Charitable Foundation spend its money?
Margaret Gada Slosberg Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Margaret Gada Slosberg Charitable Foundation tax-deductible?
Margaret Gada Slosberg Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 206743088). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Margaret Gada Slosberg Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Margaret Gada Slosberg Charitable Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Margaret Gada Slosberg Charitable Foundation located?
Margaret Gada Slosberg Charitable Foundation is headquartered in Warwick, Rhode Island and files with the IRS under EIN 206743088. It is classified under NTEE code T20.
How many years of IRS 990 filings does Margaret Gada Slosberg Charitable Foundation have?
Margaret Gada Slosberg Charitable 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 $148K in total revenue.
Is the Margaret Gada Slosberg Charitable Foundation financially stable?
Yes, the foundation appears financially stable with consistent assets (e.g., $408,440 in 2023) and virtually no liabilities ($1 in 2023), despite fluctuating revenues and expenses over the years.
How much of its funds go to executive salaries?
None. The foundation consistently reports 0% officer compensation in all available IRS 990 filings, meaning no funds are used for executive salaries.
What is the trend in the foundation's assets?
The foundation's assets have shown a general downward trend from a high of $580,131 in 2011 to $408,440 in 2023, though they have remained above $350,000.
Does the foundation have significant debt?
No, the foundation consistently reports minimal liabilities, typically $0 or $1, indicating it operates with virtually no debt.
Filing History
IRS 990 filing history for Margaret Gada Slosberg Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Margaret Gada Slosberg Charitable Foundation's revenue has declined by 37.8%, moving from $35K to $22K. Total assets decreased by 29.6% over the same period, from $580K to $408K. Total functional expenses fell by 41.2%, from $56K to $33K. In its most recent filing year (2023), Margaret Gada Slosberg Charitable Foundation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $408K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $408K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22K | $33K | $408K | $1 | — | — |
| 2022 | $56K | $32K | $419K | $1 | — | View 990 |
| 2021 | $22K | $33K | $396K | $1 | — | — |
| 2020 | $45K | $14K | $407K | $1 | — | — |
| 2019 | $18K | $87K | $375K | $1 | — | View 990 |
| 2015 | $45K | $87K | $538K | $1 | — | View 990 |
| 2014 | $38K | $38K | $579K | $0 | — | View 990 |
| 2013 | $96K | $56K | $578K | $0 | — | View 990 |
| 2012 | $16K | $21K | $541K | $1 | — | View 990 |
| 2011 | $35K | $56K | $580K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22K, expenses of $33K, and assets of $408K (revenue -61.0% year-over-year).
- 2022: Revenue of $56K, expenses of $32K, and assets of $419K (revenue +155.5% year-over-year).
- 2021: Revenue of $22K, expenses of $33K, and assets of $396K (revenue -51.1% year-over-year).
- 2020: Revenue of $45K, expenses of $14K, and assets of $407K (revenue +144.9% year-over-year).
- 2019: Revenue of $18K, expenses of $87K, and assets of $375K (revenue -59.3% year-over-year).
- 2015: Revenue of $45K, expenses of $87K, and assets of $538K (revenue +17.4% year-over-year).
- 2014: Revenue of $38K, expenses of $38K, and assets of $579K (revenue -59.9% year-over-year).
- 2013: Revenue of $96K, expenses of $56K, and assets of $578K (revenue +506.4% year-over-year).
- 2012: Revenue of $16K, expenses of $21K, and assets of $541K (revenue -55.0% year-over-year).
- 2011: Revenue of $35K, expenses of $56K, and assets of $580K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margaret Gada Slosberg Charitable Foundation:
Data Sources and Methodology
This transparency report for Margaret Gada Slosberg Charitable 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.