Max P Gottfried Testamentary Charitable Tr is a 501(c)(3) organization based in Lambertville, Michigan, registered in 2003, with $103,017 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$103K
▼ 50.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$183K
Net assets
$3.9M
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 Max P Gottfried Testamentary Charitable Tr— 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 Max P Gottfried Testamentary Charitable Tr: 256 mo reserves · -78% 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 Max P Gottfried Testamentary Charitable Tr— 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 Max P Gottfried Testamentary Charitable Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $222K (FY2013) to $103K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-77.9%
Spent more than it raised in the latest fiscal year.
Total assets
$3.9M
Total liabilities
$0
Net assets
$3.9M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $103,017▼50.3% | $183,241▲4.3% | $3,915,314▲6.5% | $3,915,314▲6.5% | 990PF |
| 2023 | $207,179▼27.3% | $175,752▼51.4% | $3,675,221▲15.2% | $3,675,221▲15.2% | 990PF |
| 2022 | $284,949▼15.8% | $361,275▲38.4% | $3,191,085▼26.2% | $3,191,085▼26.2% | 990PF |
| 2021 | $338,567▼17.8% | $261,072▲6.0% | $4,325,060▲9.5% | $4,325,060▲9.5% | 990PF |
| 2020 | $411,685▲58.5% | $246,324▲8.7% | $3,948,670▲9.2% | $3,948,670▲9.2% | 990PF |
| 2019 | $259,665▼21.7% | $226,698▼1.0% | $3,616,743▲20.7% | $3,616,743▲20.7% | 990PF |
| 2018 | $331,714▲33.4% | $228,980▼6.1% | $2,996,932▼9.2% | $2,996,932▼9.2% | 990PF |
| 2017 | $248,632▲53.8% | $243,919▲18.9% | $3,302,331▲10.2% | $3,302,331▲10.2% | 990PF |
| 2016 | $161,609▼20.0% | $205,138▲32.7% | $2,995,826▲3.0% | $2,995,826▲3.0% | 990PF |
| 2015 | $201,950▼21.7% | $154,633▼38.7% | $2,907,336▼2.4% | $2,907,736▼2.4% | 990PF |
| 2014 | $257,917▲16.1% | $252,452▲51.8% | $2,978,587▲0.8% | $2,978,987▲0.8% | 990PF |
| 2013 | $222,205 | $166,304▲49.5% | $2,956,117▲9.1% | $2,956,517▲9.1% | 990PF |
| 2012 | — | $111,216▼27.7% | $2,710,462▲6.6% | $2,710,662▲6.6% | 990PF |
| 2011 | — | $153,784▲28.5% | $2,543,002▼1.9% | $2,543,002▼1.9% | 990PF |
| 2010 | — | $119,673 | $2,591,349 | $2,591,349 | 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 Max P Gottfried Testamentary Charitable Tr (EIN 65-6404584) 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.