Paul And Patricia Gioia Foundation
Paul And Patricia Gioia Foundation maintains stable assets and zero officer compensation over a decade.
EIN: 141828523 · Loudonville, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.9M |
| Total Expenses | $651K |
| Program Spending | 95% |
| Net Assets | $2.6M |
| Transparency Score | 90/100 |
Is Paul And Patricia Gioia Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paul And Patricia Gioia Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Paul And Patricia Gioia Foundation
Paul And Patricia Gioia Foundation (EIN: 141828523) is a nonprofit organization based in Loudonville, NY, classified under NTEE code T22. The organization reported total revenue of $13.9M and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paul And Patricia Gioia Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paul And Patricia Gioia Foundation is a large nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $618K |
| Total Expenses | $651K |
| Surplus / Deficit | $-33,263 |
| Total Assets | $2.6M |
| Total Liabilities | $1 |
| Net Assets | $2.6M |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 48.3 months |
Financial Health Grade: B
In 2023, Paul And Patricia Gioia Foundation reported a deficit of $33K with expenses exceeding revenue, holds 48.3 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), Paul And Patricia Gioia Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.3% | -4.3% | +3.8% |
| 2022 | +28.9% | +57.9% | -18.6% |
| 2021 | +93.6% | +231.1% | +2.3% |
| 2020 | -28.7% | -0.1% | +8.3% |
| 2019 | +22.1% | +33.5% | +37.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Paul And Patricia Gioia Foundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Paul And Patricia Gioia Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit 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.
Strengths
The following positive indicators were identified for Paul And Patricia Gioia Foundation:
- Consistent $0 officer compensation, indicating high efficiency and volunteer leadership.
- Stable and growing asset base, increasing from $1.3M in 2011 to $2.6M in 2023.
- Minimal liabilities, consistently reported as $0 or $1, reflecting strong financial management.
- Long and consistent IRS 990 filing history (10 filings), demonstrating good transparency.
- Revenue generally exceeds expenses in most years, contributing to asset growth.
Frequently Asked Questions about Paul And Patricia Gioia Foundation
Is Paul And Patricia Gioia Foundation a legitimate charity?
Paul And Patricia Gioia Foundation (EIN: 141828523) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $13.9M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Paul And Patricia Gioia Foundation spend its money?
Paul And Patricia Gioia Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Paul And Patricia Gioia Foundation tax-deductible?
Paul And Patricia Gioia Foundation is registered as a tax-exempt nonprofit (EIN: 141828523). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Paul And Patricia Gioia Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Paul And Patricia Gioia Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Paul And Patricia Gioia Foundation located?
Paul And Patricia Gioia Foundation is headquartered in Loudonville, New York and files with the IRS under EIN 141828523. It is classified under NTEE code T22.
How many years of IRS 990 filings does Paul And Patricia Gioia Foundation have?
Paul And Patricia Gioia 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 $13.9M in total revenue.
What are the specific grant-making priorities of the Paul And Patricia Gioia Foundation?
The provided data does not detail the specific grant-making priorities or recipients, only the financial aggregates. Further investigation into their grant listings or annual reports would be needed.
How does the foundation's asset growth compare to its grant distributions over time?
While assets have grown from $1.3M in 2011 to $2.6M in 2023, the provided data does not explicitly detail grant distributions. A deeper dive into their 990-PF filings would be necessary to assess the distribution rate relative to asset growth.
What are the administrative costs beyond officer compensation?
The data indicates $0 officer compensation, but other administrative costs (e.g., legal, accounting, office expenses) are embedded within the 'Expenses' figures. Without a detailed breakdown, the exact administrative overhead cannot be precisely determined from this summary.
Filing History
IRS 990 filing history for Paul And Patricia Gioia Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Paul And Patricia Gioia Foundation's revenue has grown by 260.1%, moving from $172K to $618K. Total assets increased by 97.7% over the same period, from $1.3M to $2.6M. Total functional expenses rose by 1177.5%, from $51K to $651K. In its most recent filing year (2023), Paul And Patricia Gioia Foundation reported a deficit of $33K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $618K | $651K | $2.6M | $1 | — | View 990 |
| 2022 | $620K | $681K | $2.5M | $1 | — | View 990 |
| 2021 | $481K | $431K | $3.1M | $1 | — | View 990 |
| 2020 | $249K | $130K | $3.0M | $1 | — | View 990 |
| 2019 | $349K | $130K | $2.8M | $1 | — | View 990 |
| 2015 | $285K | $98K | $2.0M | $1 | — | View 990 |
| 2014 | $300K | $87K | $2.0M | $1 | — | View 990 |
| 2013 | $289K | $89K | $1.7M | $1 | — | View 990 |
| 2012 | $215K | $60K | $1.5M | $1 | — | View 990 |
| 2011 | $172K | $51K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $618K, expenses of $651K, and assets of $2.6M (revenue -0.3% year-over-year).
- 2022: Revenue of $620K, expenses of $681K, and assets of $2.5M (revenue +28.9% year-over-year).
- 2021: Revenue of $481K, expenses of $431K, and assets of $3.1M (revenue +93.6% year-over-year).
- 2020: Revenue of $249K, expenses of $130K, and assets of $3.0M (revenue -28.7% year-over-year).
- 2019: Revenue of $349K, expenses of $130K, and assets of $2.8M (revenue +22.1% year-over-year).
- 2015: Revenue of $285K, expenses of $98K, and assets of $2.0M (revenue -4.9% year-over-year).
- 2014: Revenue of $300K, expenses of $87K, and assets of $2.0M (revenue +4.0% year-over-year).
- 2013: Revenue of $289K, expenses of $89K, and assets of $1.7M (revenue +34.2% year-over-year).
- 2012: Revenue of $215K, expenses of $60K, and assets of $1.5M (revenue +25.3% year-over-year).
- 2011: Revenue of $172K, expenses of $51K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paul And Patricia Gioia Foundation:
Data Sources and Methodology
This transparency report for Paul And Patricia Gioia 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.