AI Transparency Report
The W Parsons Todd Foundation Inc appears to be a grant-making organization, as indicated by its consistent expenses and fluctuating revenue, often showing net losses. In the latest period (202312), the organization reported revenue of $29,646 against expenses of $277,637, resulting in a significant deficit. This pattern of expenses consistently exceeding revenue is common for foundations that primarily disburse funds from an endowment rather than actively fundraise for operational costs. The organization's assets have shown a gradual decline from a peak of $4,797,388 in 201312 to $3,785,339 in 202312, suggesting that it is drawing down its principal to cover expenses and grants.
Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, the consistent expense levels (around $200,000-$280,000 annually) suggest a stable operational base. The absence of reported officer compensation across all filings indicates either a volunteer-led board or compensation below reporting thresholds, which can be a positive sign for donor confidence regarding executive pay. The organization's liabilities are consistently minimal, indicating good financial management in terms of debt.
Transparency is generally good given the availability of 10 years of IRS 990 filings. However, without specific program details or a breakdown of expenses beyond total expenses, it's challenging to fully understand the impact of its grants or the efficiency of its operations. The lack of an NTEE code also makes it harder to benchmark against similar organizations. Overall, the foundation appears to be a stable, albeit slowly diminishing, grant-making entity with a focus on its mission, as evidenced by consistent disbursements and no reported executive compensation.