Harold W Mcgraw Jr Family Foundation Inc
EIN: 273418504 · Stamford, CT · NTEE: T20
Is Harold W Mcgraw Jr Family Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Harold W Mcgraw Jr Family Foundation Inc
Harold W Mcgraw Jr Family Foundation Inc (EIN: 273418504) is a nonprofit organization based in Stamford, CT, classified under NTEE code T20. The organization reported total revenue of $16.0M and total assets of $51.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harold W Mcgraw Jr Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harold W Mcgraw Jr Family Foundation Inc is a large nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -17.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $7.7M |
| Surplus / Deficit | $-4,743,195 |
| Total Assets | $49.9M |
| Total Liabilities | $1 |
| Net Assets | $49.9M |
| Operating Margin | -161.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 77.9 months |
Financial Health Grade: B
In 2023, Harold W Mcgraw Jr Family Foundation Inc reported a deficit of $4.7M with expenses exceeding revenue, holds 77.9 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), Harold W Mcgraw Jr Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.6% | -1.9% | +2.1% |
| 2022 | -39.5% | +57.5% | -7.1% |
| 2021 | +86.6% | -19.4% | +6.0% |
| 2020 | -5.2% | +28.8% | +1.5% |
| 2019 | +93.1% | +71.1% | +57.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Harold W Mcgraw Jr Family Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harold W Mcgraw Jr Family Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Harold W Mcgraw Jr Family Foundation Inc
Is Harold W Mcgraw Jr Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harold W Mcgraw Jr Family Foundation Inc (EIN: 273418504) insufficient data. 0 red flags identified, 0 strengths noted.
How does Harold W Mcgraw Jr Family Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Harold W Mcgraw Jr Family Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Harold W Mcgraw Jr Family Foundation Inc tax-deductible?
Harold W Mcgraw Jr Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 273418504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Harold W Mcgraw Jr Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harold W Mcgraw Jr Family Foundation Inc's revenue has declined by 90.4%, moving from $30.6M to $2.9M. Total assets increased by 64.1% over the same period, from $30.4M to $49.9M. Total functional expenses rose by 2736.9%, from $271K to $7.7M. In its most recent filing year (2023), Harold W Mcgraw Jr Family Foundation Inc reported a deficit of $4.7M, with expenses exceeding revenue. The organization holds $1 in liabilities against $49.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $49.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $7.7M | $49.9M | $1 | — | View 990 |
| 2022 | $2.4M | $7.8M | $48.8M | $1 | — | View 990 |
| 2021 | $4.0M | $5.0M | $52.6M | $1 | — | View 990 |
| 2020 | $2.2M | $6.2M | $49.6M | $1 | — | View 990 |
| 2019 | $2.3M | $4.8M | $48.9M | $0 | — | View 990 |
| 2015 | $1.2M | $2.8M | $31.0M | $0 | — | View 990 |
| 2014 | $984K | $2.5M | $31.1M | $0 | — | View 990 |
| 2013 | $938K | $2.0M | $31.4M | $0 | — | View 990 |
| 2012 | $2.4M | $1.2M | $31.6M | $0 | — | View 990 |
| 2011 | $30.6M | $271K | $30.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $7.7M, and assets of $49.9M (revenue +20.6% year-over-year).
- 2022: Revenue of $2.4M, expenses of $7.8M, and assets of $48.8M (revenue -39.5% year-over-year).
- 2021: Revenue of $4.0M, expenses of $5.0M, and assets of $52.6M (revenue +86.6% year-over-year).
- 2020: Revenue of $2.2M, expenses of $6.2M, and assets of $49.6M (revenue -5.2% year-over-year).
- 2019: Revenue of $2.3M, expenses of $4.8M, and assets of $48.9M (revenue +93.1% year-over-year).
- 2015: Revenue of $1.2M, expenses of $2.8M, and assets of $31.0M (revenue +19.8% year-over-year).
- 2014: Revenue of $984K, expenses of $2.5M, and assets of $31.1M (revenue +4.9% year-over-year).
- 2013: Revenue of $938K, expenses of $2.0M, and assets of $31.4M (revenue -60.1% year-over-year).
- 2012: Revenue of $2.4M, expenses of $1.2M, and assets of $31.6M (revenue -92.3% year-over-year).
- 2011: Revenue of $30.6M, expenses of $271K, and assets of $30.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harold W Mcgraw Jr Family Foundation Inc:
Data Sources and Methodology
This transparency report for Harold W Mcgraw Jr Family 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.