John T Gorman Foundation is a 501(c)(3) organization based in Portland, Maine, registered in 1995, with $13,640,176 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$13.6M
▲ 2.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$10.9M
Net assets
$221.4M
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 John T Gorman 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 John T Gorman Foundation: 243 mo reserves · +20% margin earns a B+ 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 John T Gorman 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 John T Gorman Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $3.0M (FY2020) to $13.6M (FY2024) across 5 reported years.
Financial snapshot
Operating margin
19.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$223.5M
Total liabilities
$2.1M
Net assets
$221.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $13,640,176▲2.5% | $10,922,942▼5.9% | $221,431,897▲4.5% | $223,518,154▲4.4% | 990PF |
| 2023 | $13,301,002▲70.3% | $11,602,483▼2.7% | $211,978,674▲5.1% | $214,146,299▲5.0% | 990PF |
| 2022 | $7,808,084▼46.0% | $11,925,916▲7.4% | $201,781,265▼17.8% | $203,958,570▼17.6% | 990PF |
| 2021 | $14,457,212▲384% | $11,108,465▲2.8% | $245,593,984▲11.7% | $247,615,876▲11.8% | 990PF |
| 2020 | $2,984,161 | $10,801,395 | $219,917,841 | $221,453,913 | 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 John T Gorman Foundation (EIN 01-0498551) 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.