Mike Gallagher Show Charitable Foundation

Mike Gallagher Show Charitable Foundation faces declining assets and persistent operating deficits.

EIN: 201263764 · Taylors, SC · NTEE: T30 · Updated: 2026-03-28

$55KRevenue

$220KAssets

45/100Mission Score (Fair)

T30

About Mike Gallagher Show Charitable Foundation

Mike Gallagher Show Charitable Foundation (EIN: 201263764) is a nonprofit organization based in Taylors, SC, classified under NTEE code T30. The organization reported total revenue of $55K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mike Gallagher Show Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Mike Gallagher Show Charitable Foundation exhibits a concerning trend of operating deficits in recent years, with expenses consistently exceeding revenue. For instance, in 2023, expenses were $202,069 against revenue of $84,008, and in 2022, expenses were $191,715 against revenue of $52,844. This sustained spending beyond income has led to a significant decline in assets, from a peak of $665,977 in 2017 to $192,717 in 2023. While the organization reports 0% officer compensation, which is a positive sign for executive transparency, the overall financial health appears to be deteriorating.

The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent net losses suggest that the current operational model is not sustainable. The substantial liabilities in 2023 ($84,976) further indicate financial strain. The lack of officer compensation is a strong point for transparency regarding executive pay, but the broader financial picture raises questions about long-term viability and impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mike Gallagher Show Charitable 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Mike Gallagher Show Charitable Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is a strong positive for transparency and efficient use of funds for an organization of its size.

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 Mike Gallagher Show Charitable Foundation's IRS 990 filings:

Persistent operating deficits (e.g., $118,061 loss in 2023, $138,871 loss in 2022)
Significant decline in assets over recent years (from $665,977 in 2017 to $192,717 in 2023)
Substantial increase in liabilities in 2023 ($84,976)
Revenue volatility (e.g., $672,812 in 2017 vs. $54,600 latest revenue)

Strengths

The following positive indicators were identified for Mike Gallagher Show Charitable Foundation:

0% officer compensation reported across all filings, indicating no executive salaries.
Long filing history (11 filings), suggesting consistent reporting.

Frequently Asked Questions about Mike Gallagher Show Charitable Foundation

Is the Mike Gallagher Show Charitable Foundation financially sustainable?

Based on recent filings, the foundation has consistently spent more than it has earned, leading to a significant decline in assets from $665,977 in 2017 to $192,717 in 2023. This trend suggests a lack of financial sustainability.

What caused the substantial increase in liabilities in 2023?

Liabilities jumped from $3,122 in 2022 to $84,976 in 2023. The provided data does not specify the nature of these liabilities, but such a significant increase warrants further investigation into the organization's financial obligations.

How does the organization plan to address its operating deficits?

With expenses consistently exceeding revenue (e.g., $202,069 expenses vs. $84,008 revenue in 2023), the organization needs a clear strategy to either increase income or reduce spending to ensure long-term viability.

Filing History

IRS 990 filing history for Mike Gallagher Show Charitable Foundation showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2012–2023), Mike Gallagher Show Charitable Foundation's revenue has declined by 76.9%, moving from $364K to $84K. Total assets increased by 108.4% over the same period, from $92K to $193K. Total functional expenses fell by 67.5%, from $621K to $202K. In its most recent filing year (2023), Mike Gallagher Show Charitable Foundation reported a deficit of $118K, with expenses exceeding revenue. The organization holds $85K in liabilities against $193K in assets (debt-to-asset ratio: 44.1%), resulting in net assets of $108K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$84K	$202K	$193K	$85K	—	—
2022	$53K	$192K	$229K	$3K	—	View 990
2021	$147K	$197K	$394K	$29K	—	—
2020	$55K	$175K	$422K	$7K	—	View 990
2019	$411K	$490K	$538K	$3K	—	View 990
2018	$347K	$391K	$623K	$9K	—	View 990
2017	$673K	$436K	$666K	$9K	—	View 990
2016	$446K	$353K	$439K	$19K	—	View 990
2015	$359K	$366K	$343K	$16K	—	View 990
2013	$265K	$244K	$112K	$0	—	View 990
2012	$364K	$621K	$92K	$1K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $84K, expenses of $202K, and assets of $193K (revenue +59.0% year-over-year).
2022: Revenue of $53K, expenses of $192K, and assets of $229K (revenue -64.0% year-over-year).
2021: Revenue of $147K, expenses of $197K, and assets of $394K (revenue +168.7% year-over-year).
2020: Revenue of $55K, expenses of $175K, and assets of $422K (revenue -86.7% year-over-year).
2019: Revenue of $411K, expenses of $490K, and assets of $538K (revenue +18.4% year-over-year).
2018: Revenue of $347K, expenses of $391K, and assets of $623K (revenue -48.4% year-over-year).
2017: Revenue of $673K, expenses of $436K, and assets of $666K (revenue +51.0% year-over-year).
2016: Revenue of $446K, expenses of $353K, and assets of $439K (revenue +24.1% year-over-year).
2015: Revenue of $359K, expenses of $366K, and assets of $343K (revenue +35.4% year-over-year).
2013: Revenue of $265K, expenses of $244K, and assets of $112K (revenue -27.2% year-over-year).
2012: Revenue of $364K, expenses of $621K, and assets of $92K.

Data Sources and Methodology

This transparency report for Mike Gallagher Show 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.