Grew Fam Charitable Foundation Tr
Grew Fam Charitable Foundation consistently distributes funds with unpaid leadership and stable assets.
EIN: 206269517 · Boston, MA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $539K |
| Total Expenses | $194K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.5 |
| Net Assets | $2.5M |
| Transparency Score | 92/100 |
Is Grew Fam Charitable Foundation Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grew Fam Charitable Foundation Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grew Fam Charitable Foundation Tr
Grew Fam Charitable Foundation Tr (EIN: 206269517) is a nonprofit organization based in Boston, MA, classified under NTEE code T20. The organization reported total revenue of $539K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grew Fam Charitable Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grew Fam Charitable Foundation Tr is a small nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $153K |
| Total Expenses | $194K |
| Surplus / Deficit | $-40,669 |
| Total Assets | $2.5M |
| Total Liabilities | $1 |
| Net Assets | $2.5M |
| Operating Margin | -26.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 152.3 months |
Financial Health Grade: B
In 2024, Grew Fam Charitable Foundation Tr reported a deficit of $41K with expenses exceeding revenue, holds 152.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2024), Grew Fam Charitable Foundation Tr's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -10.8% | -49.1% | -1.7% |
| 2023 | -40.9% | +76.9% | -7.9% |
| 2022 | +47.2% | +603.7% | +2.7% |
| 2021 | +3.4% | -85.0% | +6.6% |
| 2020 | -14.8% | +4.6% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Grew Fam Charitable Foundation Tr 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Grew Fam Charitable Foundation Tr 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are unpaid, which is highly commendable for a foundation of its size with assets around $2.5 million.
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 Grew Fam Charitable Foundation Tr:
- Consistent zero officer compensation, indicating highly efficient use of funds.
- Stable and substantial asset base of approximately $2.5 million, providing long-term financial security.
- Minimal liabilities ($0 or $1) across all filings, demonstrating strong financial management.
- Active distribution of funds, with expenses often meeting or exceeding revenue, indicating a commitment to its charitable purpose.
Frequently Asked Questions about Grew Fam Charitable Foundation Tr
Is Grew Fam Charitable Foundation Tr a legitimate charity?
Grew Fam Charitable Foundation Tr (EIN: 206269517) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 92/100. It has 11 years of IRS 990 filings on record. Total revenue: $539K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Grew Fam Charitable Foundation Tr spend its money?
Grew Fam Charitable Foundation Tr directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Grew Fam Charitable Foundation Tr tax-deductible?
Grew Fam Charitable Foundation Tr is registered as a tax-exempt nonprofit (EIN: 206269517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Grew Fam Charitable Foundation Tr CEO make?
Grew Fam Charitable Foundation Tr's highest-compensated officer earns $2.5 annually. The organization reported $539K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Grew Fam Charitable Foundation Tr compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Grew Fam Charitable Foundation Tr is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grew Fam Charitable Foundation Tr located?
Grew Fam Charitable Foundation Tr is headquartered in Boston, Massachusetts and files with the IRS under EIN 206269517. It is classified under NTEE code T20.
How many years of IRS 990 filings does Grew Fam Charitable Foundation Tr have?
Grew Fam Charitable Foundation Tr has 11 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 $539K in total revenue.
What is the primary focus of Grew Fam Charitable Foundation Tr's programs?
Based on the NTEE code T20 (Private Grantmaking Foundations), the foundation primarily engages in grantmaking activities to support other charitable organizations or causes, rather than direct program services.
How does the foundation sustain its operations given periods where expenses exceed revenue?
The foundation sustains its operations and grantmaking through its substantial asset base, which has consistently remained around $2.5 million. When expenses exceed revenue, it likely draws from its endowment or investment returns.
Is the recent spike in revenue ($538,684) a one-time event or a new trend?
Without further context, it's difficult to definitively say. Given the historical revenue range, it could be a significant one-time donation or a particularly strong investment return year. Future filings would clarify if this represents a new trend.
Filing History
IRS 990 filing history for Grew Fam Charitable Foundation Tr showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Grew Fam Charitable Foundation Tr's revenue has grown by 1.9%, moving from $150K to $153K. Total assets increased by 0.3% over the same period, from $2.5M to $2.5M. Total functional expenses rose by 8.8%, from $178K to $194K. In its most recent filing year (2024), Grew Fam Charitable Foundation Tr reported a deficit of $41K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $153K | $194K | $2.5M | $1 | — | — |
| 2023 | $172K | $380K | $2.5M | $1 | — | View 990 |
| 2022 | $291K | $215K | $2.7M | $1 | — | View 990 |
| 2021 | $197K | $31K | $2.6M | $1 | — | View 990 |
| 2020 | $191K | $203K | $2.5M | $0 | — | View 990 |
| 2019 | $224K | $194K | $2.5M | $0 | — | View 990 |
| 2016 | $130K | $164K | $2.5M | $0 | — | View 990 |
| 2015 | $210K | $187K | $2.5M | $1 | — | View 990 |
| 2014 | $277K | $228K | $2.5M | $1 | — | View 990 |
| 2013 | $188K | $166K | $2.5M | $1 | — | View 990 |
| 2012 | $150K | $178K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $153K, expenses of $194K, and assets of $2.5M (revenue -10.8% year-over-year).
- 2023: Revenue of $172K, expenses of $380K, and assets of $2.5M (revenue -40.9% year-over-year).
- 2022: Revenue of $291K, expenses of $215K, and assets of $2.7M (revenue +47.2% year-over-year).
- 2021: Revenue of $197K, expenses of $31K, and assets of $2.6M (revenue +3.4% year-over-year).
- 2020: Revenue of $191K, expenses of $203K, and assets of $2.5M (revenue -14.8% year-over-year).
- 2019: Revenue of $224K, expenses of $194K, and assets of $2.5M (revenue +72.6% year-over-year).
- 2016: Revenue of $130K, expenses of $164K, and assets of $2.5M (revenue -38.2% year-over-year).
- 2015: Revenue of $210K, expenses of $187K, and assets of $2.5M (revenue -24.3% year-over-year).
- 2014: Revenue of $277K, expenses of $228K, and assets of $2.5M (revenue +47.5% year-over-year).
- 2013: Revenue of $188K, expenses of $166K, and assets of $2.5M (revenue +25.3% year-over-year).
- 2012: Revenue of $150K, expenses of $178K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grew Fam Charitable Foundation Tr:
Data Sources and Methodology
This transparency report for Grew Fam Charitable Foundation Tr 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.