Quick charity verification for Henry T Nicholas Iii Foundation (EIN: 207201390)
Verdict: Henry T Nicholas Iii Foundation appears trustworthy
92/100Mission Score
$7.5MRevenue
$589.1MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 ($9.1M vs $5.1M), indicating reliance on prior year surpluses or asset drawdowns.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency in executive pay.
Substantial and growing asset base, reaching $312 million in 2023, providing long-term stability.
Strong program focus as a private grantmaking foundation (NTEE T22), implying direct charitable activity.
Low liabilities relative to assets, with liabilities at $4.4 million against $312 million in assets in 2023.
AI Transparency Report
The Henry T Nicholas Iii Foundation demonstrates a strong financial position with substantial assets, growing from $5.9 million in 2011 to $312 million in 2023. The organization consistently reports 0% officer compensation across all available filings, indicating a commitment to directing funds towards its mission rather than executive salaries. While revenue has fluctuated significantly, such as a peak of $35.9 million in 2020 and a low of $8,825 in 2011, the foundation has maintained a healthy asset base. In 2023, expenses ($9.1 million) exceeded revenue ($5.1 million), which is a point to monitor, though it's not uncommon for foundations to draw from endowments in certain years. The consistent growth in assets suggests effective long-term financial management and investment strategies.