Louis H Gross Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Louis H Gross Foundation Inc is a 501(c)(3) organization based in Virginia Bch, Virginia, registered in 1961, with $23 in FY2024 revenue. CharityIndex grades it F.
244 73rd St, Virginia Bch, VA, 23451 EIN 14-6018307 Since 1961
Revenue (FY2024)
$23
▲ 4.5% vs prior year
Expenses (FY2024)
$2,110
Net assets
$222K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Louis H Gross Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating1265 mo reserves · -9074% 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 Louis H Gross Foundation Inc: 1265 mo reserves · -9074% margin earns a F 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 Louis H Gross Foundation Inc— 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 Louis H Gross Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 244 73rd St, Virginia Bch, VA, 23451
- City
- Virginia Bch
- State
- Virginia
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $1.4M (FY2013) to $23 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $222K
Operating margin
-9073.9%
Spent more than it raised in the latest fiscal year.
Total assets
$225K
Total liabilities
$0
Net assets
$222K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $23▲4.5% | $2,110▲530% | $222,417▼0.8% | $224,504 | 990PF |
| 2023 | $22 | $335▲264% | $224,153▼0.1% | $224,504▼0.1% | 990PF |
| 2022 | $22▼99.9% | $92▼99.0% | $224,466 | $224,817 | 990PF |
| 2021 | $21,143▼82.7% | $8,996▼99.9% | $224,536▲5.2% | $224,887▲5.2% | 990PF |
| 2020 | $122,489▼97.3% | $8,750,312▲61.3% | $213,436▼96.5% | $213,787▼96.5% | 990PF |
| 2019 | $4,576,108▲155% | $5,425,724▲71.0% | $6,184,796▼12.1% | $6,185,147▼12.1% | 990PF |
| 2018 | $1,795,375▲48.9% | $3,173,339▲226% | $7,034,412▼16.4% | $7,034,763▼16.4% | 990PF |
| 2017 | $1,205,840▲30.1% | $971,946▲59.3% | $8,412,376▲2.9% | $8,412,727▲2.8% | 990PF |
| 2016 | $927,020▲78.1% | $609,970▼23.6% | $8,178,482▲4.0% | $8,180,100▲4.0% | 990PF |
| 2015 | $520,614▼35.9% | $798,164▲33.3% | $7,861,432▼3.4% | $7,863,815▼3.4% | 990PF |
| 2014 | $811,933▼41.1% | $598,961▼61.2% | $8,138,982▲2.7% | $8,140,961▲2.7% | 990PF |
| 2013 | $1,378,624 | $1,542,235▼20.7% | $7,926,010▼2.0% | $7,929,059▼2.0% | 990PF |
| 2012 | — | $1,944,545▼16.5% | $8,089,621▲4.5% | $8,091,289▲4.6% | 990PF |
| 2011 | — | $2,327,891 | $7,737,588 | $7,737,939 | 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 Louis H Gross Foundation Inc a legitimate nonprofit?
- Yes. Louis H Gross Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-6018307, based in Virginia Bch, Virginia. Donations are tax-deductible.
- What is Louis H Gross Foundation Inc's EIN?
- Louis H Gross Foundation Inc's Employer Identification Number (EIN) is 14-6018307.
- How much revenue does Louis H Gross Foundation Inc report?
- Louis H Gross Foundation Inc reported $23 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Louis H Gross Foundation Inc have?
- CharityIndex grades Louis H Gross Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Louis H Gross Foundation Inc (EIN 14-6018307) 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.