Grossman Family Charitable Funds Inc
Grossman Family Charitable Funds Inc consistently grows assets with low expenses and no officer compensation.
EIN: 136091872 · Bethesda, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $465K |
| Total Expenses | $73K |
| Program Spending | 90% |
| Net Assets | $1.7M |
| Transparency Score | 92/100 |
Is Grossman Family Charitable Funds Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grossman Family Charitable Funds Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grossman Family Charitable Funds Inc
Grossman Family Charitable Funds Inc (EIN: 136091872) is a nonprofit organization based in Bethesda, MD. The organization reported total revenue of $465K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grossman Family Charitable Funds Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grossman Family Charitable Funds Inc is a small nonprofit that has been operating for 81 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $139K |
| Total Expenses | $73K |
| Surplus / Deficit | +$67K |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | 47.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 283.7 months |
Financial Health Grade: A
In 2023, Grossman Family Charitable Funds Inc reported a surplus of $67K with revenue exceeding expenses, holds 283.7 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), Grossman Family Charitable Funds Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.4% | -22.9% | +15.6% |
| 2022 | +182.9% | +25.1% | -7.6% |
| 2021 | +0.7% | +16.0% | +12.6% |
| 2020 | +24.3% | +2.1% | +7.4% |
| 2019 | +97.0% | +115.2% | +23.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1945 |
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 Grossman Family Charitable Funds Inc 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, Grossman Family Charitable Funds Inc 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 $67K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of its size.
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 Grossman Family Charitable Funds Inc's IRS 990 filings:
- NTEE Code Unknown (limits understanding of specific mission area)
Strengths
The following positive indicators were identified for Grossman Family Charitable Funds Inc:
- Consistent asset growth (from $880,594 in 2011 to $1,720,556 in 2023)
- Zero officer compensation reported across all filings
- Very low liabilities ($1 or $0 consistently)
- Strong financial stability with significant net assets
- Consistent filing history demonstrating transparency
Frequently Asked Questions about Grossman Family Charitable Funds Inc
Is Grossman Family Charitable Funds Inc a legitimate charity?
Grossman Family Charitable Funds Inc (EIN: 136091872) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $465K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Grossman Family Charitable Funds Inc spend its money?
Grossman Family Charitable Funds Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Grossman Family Charitable Funds Inc tax-deductible?
Grossman Family Charitable Funds Inc is registered as a tax-exempt nonprofit (EIN: 136091872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grossman Family Charitable Funds Inc located?
Grossman Family Charitable Funds Inc is headquartered in Bethesda, Maryland and files with the IRS under EIN 136091872.
How many years of IRS 990 filings does Grossman Family Charitable Funds Inc have?
Grossman Family Charitable Funds 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 $465K in total revenue.
What is the primary focus of Grossman Family Charitable Funds Inc's grant-making?
Based on the available IRS 990 data, the specific beneficiaries or types of grants are not detailed. The organization's financial structure suggests it primarily functions as a private foundation making grants to other organizations.
How does the organization manage its investment portfolio to achieve asset growth?
The IRS 990 filings show consistent asset growth, from $880,594 in 2011 to $1,720,556 in 2023, suggesting effective investment strategies. However, the detailed breakdown of investment types or performance is not provided in the summary data.
Does the organization have any employees?
The consistent reporting of 0% officer compensation suggests a very lean or volunteer-driven operation. The summary data does not provide details on general employee salaries, but the overall low expense ratio implies minimal staffing.
Filing History
IRS 990 filing history for Grossman Family Charitable Funds Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Grossman Family Charitable Funds Inc's revenue has grown by 226%, moving from $43K to $139K. Total assets increased by 95.4% over the same period, from $881K to $1.7M. Total functional expenses rose by 50.5%, from $48K to $73K. In its most recent filing year (2023), Grossman Family Charitable Funds Inc reported a surplus of $67K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $139K | $73K | $1.7M | $1 | — | View 990 |
| 2022 | $403K | $94K | $1.5M | $1 | — | View 990 |
| 2021 | $143K | $75K | $1.6M | $1 | — | View 990 |
| 2020 | $142K | $65K | $1.4M | $1 | — | View 990 |
| 2019 | $114K | $64K | $1.3M | $0 | — | View 990 |
| 2015 | $58K | $30K | $1.1M | $0 | — | View 990 |
| 2014 | $127K | $55K | $1.1M | $0 | — | View 990 |
| 2013 | $-32,719 | $59K | $972K | $0 | — | View 990 |
| 2012 | $133K | $68K | $950K | $0 | — | View 990 |
| 2011 | $43K | $48K | $881K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $139K, expenses of $73K, and assets of $1.7M (revenue -65.4% year-over-year).
- 2022: Revenue of $403K, expenses of $94K, and assets of $1.5M (revenue +182.9% year-over-year).
- 2021: Revenue of $143K, expenses of $75K, and assets of $1.6M (revenue +0.7% year-over-year).
- 2020: Revenue of $142K, expenses of $65K, and assets of $1.4M (revenue +24.3% year-over-year).
- 2019: Revenue of $114K, expenses of $64K, and assets of $1.3M (revenue +97.0% year-over-year).
- 2015: Revenue of $58K, expenses of $30K, and assets of $1.1M (revenue -54.4% year-over-year).
- 2014: Revenue of $127K, expenses of $55K, and assets of $1.1M.
- 2013: Revenue of $-32,719, expenses of $59K, and assets of $972K (revenue -124.5% year-over-year).
- 2012: Revenue of $133K, expenses of $68K, and assets of $950K (revenue +211.9% year-over-year).
- 2011: Revenue of $43K, expenses of $48K, and assets of $881K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grossman Family Charitable Funds Inc:
Data Sources and Methodology
This transparency report for Grossman Family Charitable Funds 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.