Gerald E Mcginnis Charitable Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Gerald E Mcginnis Charitable Foundation is a 501(c)(3) organization based in Verona, Pennsylvania, registered in 1991, with $81,426 in FY2024 revenue. CharityIndex grades it C+.
54 Wayside Ln, Verona, PA, 15147 EIN 25-1671236 Since 1991
Revenue (FY2024)
$81K
▲ 99.9% vs prior year
Expenses (FY2024)
$72K
Net assets
$901K
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 E Mcginnis Charitable 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 rating151 mo reserves · +12% 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 E Mcginnis Charitable Foundation: 151 mo reserves · +12% 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 E Mcginnis Charitable 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 E Mcginnis Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 54 Wayside Ln, Verona, PA, 15147
- City
- Verona
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $29K (FY2020) to $81K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $901K
Operating margin
12.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$901K
Total liabilities
$0
Net assets
$901K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $81,426▲99.9% | $71,693▲629% | $900,764▲1.1% | $900,764▲1.1% | 990PF |
| 2023 | $40,742▲699% | $9,830▼35.0% | $891,031▲3.6% | $891,031▲3.6% | 990PF |
| 2022 | $5,102▼95.5% | $15,133▼76.2% | $860,119▼1.2% | $860,119▼1.2% | 990PF |
| 2021 | $112,691▲285% | $63,567▼28.5% | $870,150▲6.0% | $870,150▲6.0% | 990PF |
| 2020 | $29,295 | $88,954 | $821,026 | $821,026 | 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.
Frequently asked questions
- Is Gerald E Mcginnis Charitable Foundation a legitimate nonprofit?
- Yes. Gerald E Mcginnis Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 25-1671236, based in Verona, Pennsylvania. Donations are tax-deductible.
- What is Gerald E Mcginnis Charitable Foundation's EIN?
- Gerald E Mcginnis Charitable Foundation's Employer Identification Number (EIN) is 25-1671236.
- How much revenue does Gerald E Mcginnis Charitable Foundation report?
- Gerald E Mcginnis Charitable Foundation reported $81,426 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Gerald E Mcginnis Charitable Foundation have?
- CharityIndex grades Gerald E Mcginnis Charitable Foundation C+, based on financial health (reserves and operating margin).
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Data for Gerald E Mcginnis Charitable Foundation (EIN 25-1671236) 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.