Clarkson Fam Foundation
Clarkson Fam Foundation maintains strong assets with highly variable revenue and no officer compensation.
EIN: 137088453 · Pennington, NJ · NTEE: T20J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $17K |
| Program Spending | 90% |
| Net Assets | $2.2M |
| Transparency Score | 85/100 |
Is Clarkson Fam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clarkson Fam Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clarkson Fam Foundation
Clarkson Fam Foundation (EIN: 137088453) is a nonprofit organization based in Pennington, NJ, classified under NTEE code T20J. The organization reported total revenue of $1.5M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clarkson Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clarkson Fam Foundation is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $82K |
| Total Expenses | $17K |
| Surplus / Deficit | +$65K |
| Total Assets | $2.2M |
| Total Liabilities | $1 |
| Net Assets | $2.2M |
| Operating Margin | 79.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1601.8 months |
Financial Health Grade: A
In 2023, Clarkson Fam Foundation reported a surplus of $65K with revenue exceeding expenses, holds 1601.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Clarkson Fam Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.1% | -93.1% | +3.0% |
| 2022 | -95.2% | -80.2% | -7.0% |
| 2021 | +1296.0% | +549.1% | +1.9% |
| 2020 | -64.4% | +2.6% | -3.0% |
| 2019 | +63.9% | +2.5% | -12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Clarkson Fam Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Clarkson Fam Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $65K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Clarkson Fam Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its executives, which is highly favorable for donor perception and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Clarkson Fam Foundation's IRS 990 filings:
- Highly volatile revenue makes long-term planning difficult.
- Lack of detailed program spending breakdown in provided data.
Strengths
The following positive indicators were identified for Clarkson Fam Foundation:
- Consistent strong asset base ($2,494,497 latest).
- Zero officer compensation reported across all filings.
- Negligible liabilities, indicating strong financial solvency.
- Low administrative overhead based on expense figures relative to assets.
Frequently Asked Questions about Clarkson Fam Foundation
Is Clarkson Fam Foundation a legitimate charity?
Clarkson Fam Foundation (EIN: 137088453) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Clarkson Fam Foundation spend its money?
Clarkson Fam Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Clarkson Fam Foundation tax-deductible?
Clarkson Fam Foundation is registered as a tax-exempt nonprofit (EIN: 137088453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Clarkson Fam Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Clarkson Fam Foundation is above average for NTEE category T20J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Clarkson Fam Foundation located?
Clarkson Fam Foundation is headquartered in Pennington, New Jersey and files with the IRS under EIN 137088453. It is classified under NTEE code T20J.
How many years of IRS 990 filings does Clarkson Fam Foundation have?
Clarkson Fam Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
What are the specific programs or grants funded by the Clarkson Fam Foundation?
The provided IRS 990 data does not detail the specific programs or grants funded by the Clarkson Fam Foundation. Further investigation into their public filings or website would be necessary to understand their programmatic impact.
How does the foundation manage its highly variable revenue streams?
The foundation's revenue has fluctuated significantly, from $77,303 in 2022 to $1,625,502 in 2021. While the data doesn't explain management strategies, the consistent asset base suggests effective investment or endowment management to buffer these variations.
What is the foundation's strategy for growth or increasing its impact?
Given the fluctuating revenue and relatively low expenses in some years (e.g., $16,623 in 2023), it's unclear from the provided data if the foundation has an active growth strategy or primarily operates as a grant-making entity with minimal operational expansion.
Filing History
IRS 990 filing history for Clarkson Fam Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Clarkson Fam Foundation's revenue has declined by 60.1%, moving from $206K to $82K. Total assets increased by 12.7% over the same period, from $2.0M to $2.2M. Total functional expenses fell by 87.1%, from $129K to $17K. In its most recent filing year (2023), Clarkson Fam Foundation reported a surplus of $65K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $82K | $17K | $2.2M | $1 | — | View 990 |
| 2022 | $77K | $239K | $2.2M | $1 | — | View 990 |
| 2021 | $1.6M | $1.2M | $2.3M | $1 | — | View 990 |
| 2020 | $116K | $187K | $2.3M | $1 | — | — |
| 2019 | $327K | $182K | $2.3M | $0 | — | View 990 |
| 2015 | $199K | $177K | $2.7M | $0 | — | View 990 |
| 2014 | $329K | $118K | $2.6M | $0 | — | View 990 |
| 2013 | $183K | $166K | $2.4M | $0 | — | View 990 |
| 2012 | $561K | $121K | $2.4M | $0 | — | View 990 |
| 2011 | $206K | $129K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82K, expenses of $17K, and assets of $2.2M (revenue +6.1% year-over-year).
- 2022: Revenue of $77K, expenses of $239K, and assets of $2.2M (revenue -95.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.2M, and assets of $2.3M (revenue +1296.0% year-over-year).
- 2020: Revenue of $116K, expenses of $187K, and assets of $2.3M (revenue -64.4% year-over-year).
- 2019: Revenue of $327K, expenses of $182K, and assets of $2.3M (revenue +63.9% year-over-year).
- 2015: Revenue of $199K, expenses of $177K, and assets of $2.7M (revenue -39.5% year-over-year).
- 2014: Revenue of $329K, expenses of $118K, and assets of $2.6M (revenue +79.9% year-over-year).
- 2013: Revenue of $183K, expenses of $166K, and assets of $2.4M (revenue -67.4% year-over-year).
- 2012: Revenue of $561K, expenses of $121K, and assets of $2.4M (revenue +172.9% year-over-year).
- 2011: Revenue of $206K, expenses of $129K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clarkson Fam Foundation:
Data Sources and Methodology
This transparency report for Clarkson Fam Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.