Gerald A Poorman Foundation
Only null% goes to programs Strong reserves Declining revenue
Gerald A Poorman Foundation is a 501(c)(3) organization based in Sparta, Michigan, registered in 2015, with $125,630 in FY2024 revenue. CharityIndex grades it C+.
1300 Murdock Dr, Sparta, MI, 49345 EIN 47-3753611 Since 2015
Revenue (FY2024)
$126K
▲ 303.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$72K
Net assets
$1.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Gerald A Poorman Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating241 mo reserves · +43% margin
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 Gerald A Poorman Foundation: 241 mo reserves · +43% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Gerald A Poorman Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Gerald A Poorman Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1300 Murdock Dr, Sparta, MI, 49345
- City
- Sparta
- State
- Michigan
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $204K (FY2015) to $126K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.5M
Operating margin
42.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$0
Net assets
$1.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $125,630▲303% | $72,237▼1.5% | $1,451,551▲3.8% | $1,451,551▲3.8% | 990PF |
| 2023 | -$61,780▼196% | $73,334▲43.4% | $1,398,158▼8.8% | $1,398,158▼8.8% | 990PF |
| 2022 | $64,627▼95.1% | $51,131▲131% | $1,533,272▲0.9% | $1,533,272▲0.9% | 990PF |
| 2021 | $1,313,701▲4224% | $22,125▲57.6% | $1,519,776▲566% | $1,519,776▲566% | 990PF |
| 2020 | $30,384▲158% | $14,043▲0.9% | $228,200▲7.7% | $228,200▲7.7% | 990PF |
| 2019 | $11,786▼52.0% | $13,913▲2.4% | $211,859▼1.0% | $211,859▼1.0% | 990PF |
| 2018 | $24,533▲39.6% | $13,592▲11.5% | $213,986▲5.4% | $213,986▲5.4% | 990PF |
| 2017 | $17,578▲42.1% | $12,195▲46.3% | $203,045▲2.7% | $203,045▲2.7% | 990PF |
| 2016 | $12,372▼93.9% | $8,334▼17.1% | $197,662▲2.1% | $197,662▲2.1% | 990PF |
| 2015 | $203,673 | $10,049 | $193,624 | $193,624 | 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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Frequently asked questions
- Is Gerald A Poorman Foundation a legitimate nonprofit?
- Yes. Gerald A Poorman Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-3753611, based in Sparta, Michigan. Donations are tax-deductible.
- What is Gerald A Poorman Foundation's EIN?
- Gerald A Poorman Foundation's Employer Identification Number (EIN) is 47-3753611.
- How much revenue does Gerald A Poorman Foundation report?
- Gerald A Poorman Foundation reported $125,630 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Gerald A Poorman Foundation have?
- CharityIndex grades Gerald A Poorman Foundation C+, based on financial health (reserves and operating margin).
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Data for Gerald A Poorman Foundation (EIN 47-3753611) 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.