The Gb Foundation
The Gb Foundation consistently spends more than it earns, drawing down its substantial asset base.
EIN: 206686325 · Chevy Chase, MD · NTEE: P58 · Updated: 2026-03-28
Is The Gb Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Gb Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Gb Foundation
The Gb Foundation (EIN: 206686325) is a nonprofit organization based in Chevy Chase, MD, classified under NTEE code P58. The organization reported total revenue of $264K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Gb Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Gb Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Gb Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation directly from the organization, which is highly favorable for a foundation of its size with assets exceeding $1 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.
Red Flags
The following concerns were identified during AI analysis of The Gb Foundation's IRS 990 filings:
- Consistent negative net income: Expenses have exceeded revenue in multiple recent periods (e.g., 202312, 202212, 202112), indicating a reliance on asset drawdowns.
- Declining asset base: Assets have decreased from a peak of $1,629,539 in 201912 to $1,405,027 in 202312, consistent with the negative net income trend.
Strengths
The following positive indicators were identified for The Gb Foundation:
- Zero officer compensation: No compensation is reported for officers, indicating efficient use of funds and potentially volunteer leadership.
- Strong asset base: Despite recent declines, the foundation maintains over $1.3 million in assets, providing a significant financial cushion.
- Minimal liabilities: Consistently low liabilities demonstrate sound financial management and a lack of debt.
Frequently Asked Questions about The Gb Foundation
Is The Gb Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Gb Foundation (EIN: 206686325) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does The Gb Foundation spend its money?
The Gb Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Gb Foundation tax-deductible?
The Gb Foundation is registered as a tax-exempt nonprofit (EIN: 206686325). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Gb Foundation financially sustainable given its recent spending trends?
The foundation has consistently spent more than its revenue in recent years (e.g., $234,518 expenses vs. $143,515 revenue in 202312), leading to a decline in assets from $1,629,539 in 201912 to $1,405,027 in 202312. This trend, if continued, raises concerns about long-term financial sustainability without increased revenue or reduced expenses.
What is the primary use of The Gb Foundation's funds?
As a Private Grantmaking Foundation (NTEE P58), its primary use of funds is typically distributing grants to other organizations. A detailed breakdown of program vs. administrative costs is not provided in the summary data, but the NTEE code suggests a focus on funding external programs.
How does The Gb Foundation manage its liabilities?
The foundation consistently reports minimal liabilities, often $1 or $2,250, across all filings. This indicates very strong financial management with little to no debt burden.
Filing History
IRS 990 filing history for The Gb Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Gb Foundation's revenue has declined by 16.7%, moving from $172K to $144K. Total assets increased by 48.9% over the same period, from $944K to $1.4M. Total functional expenses rose by 508.1%, from $39K to $235K. In its most recent filing year (2023), The Gb Foundation reported a deficit of $91K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $144K | $235K | $1.4M | $1 | — | View 990 |
| 2022 | $95K | $134K | $1.5M | $1 | — | View 990 |
| 2021 | $43K | $134K | $1.5M | $2K | — | View 990 |
| 2020 | $205K | $208K | $1.6M | $2K | — | View 990 |
| 2019 | $187K | $135K | $1.6M | $3K | — | View 990 |
| 2015 | $153K | $94K | $1.4M | $2K | — | View 990 |
| 2014 | $160K | $86K | $1.3M | $2K | — | View 990 |
| 2013 | $180K | $54K | $1.2M | $1 | — | View 990 |
| 2012 | $183K | $45K | $1.1M | $1 | — | View 990 |
| 2011 | $172K | $39K | $944K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $144K, expenses of $235K, and assets of $1.4M (revenue +50.5% year-over-year).
- 2022: Revenue of $95K, expenses of $134K, and assets of $1.5M (revenue +119.3% year-over-year).
- 2021: Revenue of $43K, expenses of $134K, and assets of $1.5M (revenue -78.8% year-over-year).
- 2020: Revenue of $205K, expenses of $208K, and assets of $1.6M (revenue +9.8% year-over-year).
- 2019: Revenue of $187K, expenses of $135K, and assets of $1.6M (revenue +22.1% year-over-year).
- 2015: Revenue of $153K, expenses of $94K, and assets of $1.4M (revenue -4.5% year-over-year).
- 2014: Revenue of $160K, expenses of $86K, and assets of $1.3M (revenue -11.0% year-over-year).
- 2013: Revenue of $180K, expenses of $54K, and assets of $1.2M (revenue -1.9% year-over-year).
- 2012: Revenue of $183K, expenses of $45K, and assets of $1.1M (revenue +6.5% year-over-year).
- 2011: Revenue of $172K, expenses of $39K, and assets of $944K.
Data Sources and Methodology
This transparency report for The Gb 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.