Gao & Sons Foundation is a 501(c)(3) organization based in Sugar Land, Texas, registered in 2016, with $111,563 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$112K
▲ 0.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$168K
Net assets
$499K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Gao & Sons Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Gao & Sons Foundation: 36 mo reserves · -51% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Gao & Sons Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Gao & Sons Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $200K (FY2016) to $112K (FY2024) across 8 reported years.
Financial snapshot
Operating margin
-50.5%
Spent more than it raised in the latest fiscal year.
Total assets
$499K
Total liabilities
$0
Net assets
$499K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $111,563▲0.2% | $167,946▲109% | $498,565▼2.7% | $498,565▼2.7% | 990PF |
| 2022 | $111,335▼18.0% | $80,425▲1.3% | $512,371▲6.4% | $512,371▲6.4% | 990PF |
| 2021 | $135,705▲914% | $79,375▲2.1% | $481,461▲13.3% | $481,461▲13.3% | 990PF |
| 2020 | $13,386▼88.0% | $77,715▲19.8% | $425,131▼13.1% | $425,131▼13.1% | 990PF |
| 2019 | $111,605▼45.5% | $64,865▲5.6% | $489,460▲11.1% | $489,460▲10.6% | 990PF |
| 2018 | $204,657▲0.5% | $61,425▼11.5% | $440,394▲48.2% | $442,720▲47.8% | 990PF |
| 2017 | $203,630▲1.8% | $69,425▲87.4% | $297,162▲82.4% | $299,487▲70.9% | 990PF |
| 2016 | $200,000 | $37,043 | $162,957 | $175,282 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Gao & Sons Foundation (EIN 81-1932428) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.