GIGAFACT FOUNDATION

EIN: 882840217 501(c)(3) Public & Societal Benefit

Redwood City, CA

Total Revenue
$372,579
Total Expenses
$223,573
Total Assets
$191,392
Net Assets
$149,006
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
CA
Principal Officer
Chandran Sankaran
Tax Period
2024-10-01 to 2024-12-31

GIGAFACT FOUNDATION, founded in 2024, is a small nonprofit in the Public & Societal Benefit sector that reported $373K in total revenue in fiscal year 2024. The organization ran a surplus of $149K, a strong 40% operating margin.

Mission

Gigafact helps highly trusted newsrooms respond constructively to everyday misinformation, rumors, confusions and claims that circulate in their communities. In so doing, newsrooms gain a new way to inform their readers, build civic bridges, hold public officials to account, and unlock growth opportunities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $372,579
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $372,579

Expense Breakdown

Grants Paid $49,000
Salaries & Benefits $72,986
Fundraising Expenses $0
Program Expenses $188,170
Other Expenses $101,587
TOTAL EXPENSES $223,573

Year-over-Year Comparison

2024 2023 Change
Revenue $372,579 N/A N/A
Expenses $223,573 N/A N/A
Net Income $149,006 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
4
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$110,497
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robyn Sundlee Head of Operations 40
Officer
$110,497 $0 $110,497
Chandran Sankaran President, Secretary and Treasurer 40
Officer Director
$0 $0 $0
Kenneth Guernsey Board Member 1
Director
$0 $0 $0
Kevin Grant Board member 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $372,579 $223,573 $191,392 $149,006
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