Frank R Williams Scholarship Fund
Frank R Williams Scholarship Fund shows consistent asset growth and zero officer compensation over seven years.
EIN: 208655295 · Washington, DC · NTEE: B90 · Updated: 2026-03-28
Is Frank R Williams Scholarship Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frank R Williams Scholarship Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frank R Williams Scholarship Fund
Frank R Williams Scholarship Fund (EIN: 208655295) is a nonprofit organization based in Washington, DC, classified under NTEE code B90. The organization reported total revenue of $16K and total assets of $124K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frank R Williams Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frank R Williams Scholarship Fund is a micro nonprofit that has been operating for 18 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $12K |
| Surplus / Deficit | +$2K |
| Total Assets | $121K |
| Net Assets | $121K |
| Operating Margin | 15.6% |
| Months of Reserves | 117.5 months |
Financial Health Grade: A
In 2023, Frank R Williams Scholarship Fund reported a surplus of $2K with revenue exceeding expenses, holds 117.5 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Frank R Williams Scholarship Fund's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.1% | +152.9% | +1.9% |
| 2022 | -19.4% | -26.8% | +20.2% |
| 2021 | +214.4% | +77.8% | +32.4% |
| 2020 | -54.4% | -31.9% | +8.8% |
| 2019 | +54.7% | +111.8% | +30.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Frank R Williams Scholarship Fund with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Frank R Williams Scholarship Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization is run entirely by volunteers. This is highly efficient for an organization of its size, with latest revenue of $16,387, ensuring all funds are directed towards its mission.
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.
Strengths
The following positive indicators were identified for Frank R Williams Scholarship Fund:
- Consistent asset growth from $41,412 (2017) to $121,460 (2023).
- Zero liabilities reported across all filings, indicating no debt.
- 0% officer compensation, demonstrating a volunteer-driven and highly efficient model.
- Consistent filing of IRS Form 990s, showing commitment to transparency.
- Strong program focus due to minimal administrative and no fundraising expenses.
Frequently Asked Questions about Frank R Williams Scholarship Fund
Is Frank R Williams Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Frank R Williams Scholarship Fund (EIN: 208655295) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Frank R Williams Scholarship Fund spend its money?
Frank R Williams Scholarship Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Frank R Williams Scholarship Fund tax-deductible?
Frank R Williams Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 208655295). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Frank R Williams Scholarship Fund financially stable?
Yes, the organization appears financially stable. Its assets have consistently grown from $41,412 in 2017 to $121,460 in 2023, and it consistently reports $0 in liabilities, indicating no debt burden.
How much of the donations go to programs?
Based on the 0% officer compensation and low overall expenses relative to revenue, a very high percentage of donations likely go directly to programs. With no fundraising expenses reported and minimal administrative overhead, it's estimated that at least 95% of spending is on programs.
Does the organization pay its executives?
No, the IRS 990 filings consistently show 0% officer compensation, indicating that the organization's leadership is entirely volunteer-based.
Has the organization's revenue been consistent?
Revenue has fluctuated, ranging from a low of $9,842 in 2020 to a high of $30,941 in 2021. However, the organization has managed expenses effectively to maintain asset growth despite these fluctuations.
Filing History
IRS 990 filing history for Frank R Williams Scholarship Fund showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Frank R Williams Scholarship Fund's revenue has grown by 1.3%, moving from $15K to $15K. Total assets increased by 193.3% over the same period, from $41K to $121K. Total functional expenses rose by 60.5%, from $8K to $12K. In its most recent filing year (2023), Frank R Williams Scholarship Fund reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $12K | $121K | $0 | — | — |
| 2022 | $25K | $5K | $119K | $0 | — | View 990 |
| 2021 | $31K | $7K | $99K | $0 | — | — |
| 2020 | $10K | $4K | $75K | $0 | — | View 990 |
| 2019 | $22K | $6K | $69K | $0 | — | View 990 |
| 2018 | $14K | $3K | $53K | $0 | — | View 990 |
| 2017 | $15K | $8K | $41K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15K, expenses of $12K, and assets of $121K (revenue -41.1% year-over-year).
- 2022: Revenue of $25K, expenses of $5K, and assets of $119K (revenue -19.4% year-over-year).
- 2021: Revenue of $31K, expenses of $7K, and assets of $99K (revenue +214.4% year-over-year).
- 2020: Revenue of $10K, expenses of $4K, and assets of $75K (revenue -54.4% year-over-year).
- 2019: Revenue of $22K, expenses of $6K, and assets of $69K (revenue +54.7% year-over-year).
- 2018: Revenue of $14K, expenses of $3K, and assets of $53K (revenue -3.8% year-over-year).
- 2017: Revenue of $15K, expenses of $8K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frank R Williams Scholarship Fund:
Data Sources and Methodology
This transparency report for Frank R Williams Scholarship Fund 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.