Grace J Fippinger Foundation Inc
Grace J Fippinger Foundation: Consistent Asset Base, Variable Spending
EIN: 223019876 · Stamford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $314K |
| Program Spending | 70% |
| Net Assets | $4.5M |
| Transparency Score | 75/100 |
Is Grace J Fippinger Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace J Fippinger Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Grace J Fippinger Foundation Inc
Grace J Fippinger Foundation Inc (EIN: 223019876) is a nonprofit organization based in Stamford, CT. The organization reported total revenue of $2.8M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace J Fippinger Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace J Fippinger Foundation Inc is a mid-size nonprofit, with 10 years of IRS 990 filings on record (2011–2023). 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 | $299K |
| Total Expenses | $314K |
| Surplus / Deficit | $-15,558 |
| Total Assets | $4.5M |
| Total Liabilities | $1 |
| Net Assets | $4.5M |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 171.2 months |
Financial Health Grade: B
In 2023, Grace J Fippinger Foundation Inc reported a deficit of $16K with expenses exceeding revenue, holds 171.2 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), Grace J Fippinger Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.1% | +30.3% | -0.3% |
| 2022 | -51.4% | -38.0% | -0.6% |
| 2021 | +98.8% | +21.9% | +1.6% |
| 2020 | +53.2% | -1.5% | -4.8% |
| 2019 | -18.3% | -24.2% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Grace J Fippinger Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Grace J Fippinger Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it is likely below the disclosure threshold or non-existent, which is a positive sign for 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 Grace J Fippinger Foundation Inc's IRS 990 filings:
- Lack of detailed spending breakdown (programs, admin, fundraising) in the provided data makes precise analysis difficult.
- Revenue has fluctuated significantly year-over-year, from $138,966 in 2013 to $449,620 in 2014, and $298,591 in 2023, suggesting inconsistent funding sources or grant cycles.
Strengths
The following positive indicators were identified for Grace J Fippinger Foundation Inc:
- The foundation consistently maintains a substantial asset base, with $5,118,912 in assets as of the latest filing, providing financial stability.
- No reported lobbying expenses ('l0' or 'l1' with 'c0%') indicates resources are not diverted to political influence.
- The foundation has a long history of financial filings, demonstrating consistent operation and transparency in reporting.
- Total expenses in 2023 were $314,149 against revenue of $298,591, showing a commitment to spending down resources for its mission.
Frequently Asked Questions about Grace J Fippinger Foundation Inc
Is Grace J Fippinger Foundation Inc a legitimate charity?
Grace J Fippinger Foundation Inc (EIN: 223019876) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.8M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Grace J Fippinger Foundation Inc spend its money?
Grace J Fippinger Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Grace J Fippinger Foundation Inc tax-deductible?
Grace J Fippinger Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223019876). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grace J Fippinger Foundation Inc's spending goes to programs?
Grace J Fippinger Foundation Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Grace J Fippinger Foundation Inc located?
Grace J Fippinger Foundation Inc is headquartered in Stamford, Connecticut and files with the IRS under EIN 223019876.
How many years of IRS 990 filings does Grace J Fippinger Foundation Inc have?
Grace J Fippinger Foundation Inc 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 $2.8M in total revenue.
What does Grace J Fippinger Foundation Inc do?
Grace J Fippinger Foundation Inc is a nonprofit organization in the Unknown sector, located in Stamford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Grace J Fippinger Foundation Inc have?
Grace J Fippinger Foundation Inc reported total revenue of $2,812,099. Based on 10 IRS 990 filings on record.
What are Grace J Fippinger Foundation Inc's total assets?
Grace J Fippinger Foundation Inc holds total assets of $5,118,912 as reported in IRS 990 filings.
Where is Grace J Fippinger Foundation Inc located?
Grace J Fippinger Foundation Inc is based in Stamford, Connecticut.
What is Grace J Fippinger Foundation Inc's EIN?
Grace J Fippinger Foundation Inc's Employer Identification Number (EIN) is 223019876. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Grace J Fippinger Foundation Inc?
Grace J Fippinger Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Grace J Fippinger Foundation Inc a registered 501(c)(3)?
Grace J Fippinger Foundation Inc appears in IRS records (EIN: 223019876). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Grace J Fippinger Foundation Inc file IRS Form 990?
Yes, Grace J Fippinger Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Grace J Fippinger Foundation Inc's revenue in 2023?
In the 202312 filing period, Grace J Fippinger Foundation Inc reported total revenue of $298,591, total expenses of $314,149, and net assets of $4,481,891.
Is Grace J Fippinger Foundation Inc's revenue growing or declining?
Grace J Fippinger Foundation Inc's revenue is growing. Revenue went from $214,674 (202212) to $298,591 (202312), a +39.1% change. Based on 10 filings on record.
What is Grace J Fippinger Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Grace J Fippinger Foundation Inc covers tax period 202312. It shows revenue of $298,591, expenses of $314,149, total assets of $4,481,891, and liabilities of $1.
How much does Grace J Fippinger Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Grace J Fippinger Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Grace J Fippinger Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Grace J Fippinger Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for Grace J Fippinger Foundation Inc?
The following concerns were identified: Lack of detailed spending breakdown (programs, admin, fundraising) in the provided data makes precise analysis difficult.. Revenue has fluctuated significantly year-over-year, from $138,966 in 2013 to $449,620 in 2014, and $298,591 in 2023, suggesting inconsistent funding sources or grant cycles.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Grace J Fippinger Foundation Inc's strengths?
Positive indicators for Grace J Fippinger Foundation Inc include: The foundation consistently maintains a substantial asset base, with $5,118,912 in assets as of the latest filing, providing financial stability.. No reported lobbying expenses ('l0' or 'l1' with 'c0%') indicates resources are not diverted to political influence.. The foundation has a long history of financial filings, demonstrating consistent operation and transparency in reporting.. Total expenses in 2023 were $314,149 against revenue of $298,591, showing a commitment to spending down resources for its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Grace J Fippinger Foundation Inc compensate executives?
Executive compensation is not reported in the provided data, indicating it is likely below the disclosure threshold or non-existent, which is a positive sign for resource allocation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent asset base but fluctuating revenue, what is the primary source of the foundation's funding, and how does it manage its grantmaking to maintain stability?
The provided data does not specify funding sources beyond 'revenue'. The consistent asset base suggests a significant endowment, with grantmaking likely managed to draw from investment returns and principal as needed to smooth out revenue fluctuations, rather than relying solely on annual contributions.
How does the foundation's spending pattern, particularly the ratio of expenses to assets, align with its stated mission, and what impact does this have on its long-term sustainability?
With assets around $4.5-$5 million and annual expenses typically in the $240,000-$430,000 range, the foundation spends approximately 5-9% of its assets annually. This rate is generally sustainable for an endowed foundation, allowing it to maintain its principal while funding its mission, assuming reasonable investment returns.
Filing History
IRS 990 filing history for Grace J Fippinger Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Grace J Fippinger Foundation Inc's revenue has declined by 1.8%, moving from $304K to $299K. Total assets decreased by 15.9% over the same period, from $5.3M to $4.5M. Total functional expenses fell by 36.1%, from $491K to $314K. In its most recent filing year (2023), Grace J Fippinger Foundation Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $299K | $314K | $4.5M | $1 | — | View 990 |
| 2022 | $215K | $241K | $4.5M | $1 | — | View 990 |
| 2021 | $442K | $389K | $4.5M | $1 | — | View 990 |
| 2020 | $222K | $319K | $4.5M | $1 | — | View 990 |
| 2019 | $145K | $324K | $4.7M | $0 | — | View 990 |
| 2015 | $177K | $428K | $5.0M | $0 | — | View 990 |
| 2014 | $450K | $434K | $5.4M | $0 | — | View 990 |
| 2013 | $139K | $344K | $5.2M | $0 | — | View 990 |
| 2012 | $324K | $449K | $5.3M | $0 | — | View 990 |
| 2011 | $304K | $491K | $5.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $299K, expenses of $314K, and assets of $4.5M (revenue +39.1% year-over-year).
- 2022: Revenue of $215K, expenses of $241K, and assets of $4.5M (revenue -51.4% year-over-year).
- 2021: Revenue of $442K, expenses of $389K, and assets of $4.5M (revenue +98.8% year-over-year).
- 2020: Revenue of $222K, expenses of $319K, and assets of $4.5M (revenue +53.2% year-over-year).
- 2019: Revenue of $145K, expenses of $324K, and assets of $4.7M (revenue -18.3% year-over-year).
- 2015: Revenue of $177K, expenses of $428K, and assets of $5.0M (revenue -60.5% year-over-year).
- 2014: Revenue of $450K, expenses of $434K, and assets of $5.4M (revenue +223.5% year-over-year).
- 2013: Revenue of $139K, expenses of $344K, and assets of $5.2M (revenue -57.1% year-over-year).
- 2012: Revenue of $324K, expenses of $449K, and assets of $5.3M (revenue +6.4% year-over-year).
- 2011: Revenue of $304K, expenses of $491K, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace J Fippinger Foundation Inc:
Data Sources and Methodology
This transparency report for Grace J Fippinger Foundation Inc 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.