Mary And John Elliot Charitable Foundation
Mary And John Elliot Charitable Foundation maintains strong asset growth and zero officer compensation.
EIN: 20512229 · Manchester, NH · NTEE: E122 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.5M |
| Total Expenses | $2.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $34 |
| Net Assets | $30.8M |
| Transparency Score | 92/100 |
Is Mary And John Elliot Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mary And John Elliot Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mary And John Elliot Charitable Foundation
Mary And John Elliot Charitable Foundation (EIN: 20512229) is a nonprofit organization based in Manchester, NH, classified under NTEE code E122. The organization reported total revenue of $5.5M and total assets of $34.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary And John Elliot Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary And John Elliot Charitable Foundation is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$373K |
| Total Assets | $30.9M |
| Total Liabilities | $56K |
| Net Assets | $30.8M |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 128.2 months |
Financial Health Grade: A
In 2023, Mary And John Elliot Charitable Foundation reported a surplus of $373K with revenue exceeding expenses, holds 128.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mary And John Elliot Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.4% | -24.9% | +7.2% |
| 2022 | +22.1% | +52.0% | -4.5% |
| 2021 | -62.2% | -64.3% | +19.8% |
| 2020 | -0.9% | +52.2% | +22.3% |
| 2019 | +84.2% | +1.7% | +61.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Mary And John Elliot Charitable Foundation 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Mary And John Elliot Charitable Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $373K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation. This is highly unusual for an organization of this size with assets exceeding $34 million and suggests either a fully volunteer-led executive team or compensation is covered by an affiliated entity, which would warrant further investigation for complete transparency.
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 Mary And John Elliot Charitable Foundation's IRS 990 filings:
- Potential for executive compensation to be paid by an affiliated entity, not directly reported on the 990, which could obscure true operational costs.
Strengths
The following positive indicators were identified for Mary And John Elliot Charitable Foundation:
- Consistent asset growth, increasing from $8.08 million in 2015 to $34.53 million currently.
- Zero officer compensation reported across all filings, indicating high efficiency in directing funds to mission.
- Strong financial stability with low liabilities relative to assets.
- High program spending efficiency, estimated at 90% based on the nature of a charitable foundation and lack of officer compensation.
Frequently Asked Questions about Mary And John Elliot Charitable Foundation
Is Mary And John Elliot Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mary And John Elliot Charitable Foundation (EIN: 20512229) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Mary And John Elliot Charitable Foundation spend its money?
Mary And John Elliot Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mary And John Elliot Charitable Foundation tax-deductible?
Mary And John Elliot Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 20512229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mary And John Elliot Charitable Foundation CEO make?
Mary And John Elliot Charitable Foundation's highest-compensated officer earns $34 annually. The organization reported $5.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mary And John Elliot Charitable Foundation's spending goes to programs?
Mary And John Elliot Charitable Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mary And John Elliot Charitable Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Mary And John Elliot Charitable Foundation is above average for NTEE category E122 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mary And John Elliot Charitable Foundation located?
Mary And John Elliot Charitable Foundation is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20512229. It is classified under NTEE code E122.
How many years of IRS 990 filings does Mary And John Elliot Charitable Foundation have?
Mary And John Elliot Charitable Foundation has 13 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 $5.5M in total revenue.
How does the foundation manage to have 0% officer compensation?
The filings consistently show 0% officer compensation. This could mean that executive functions are performed by volunteers, or that compensation for officers is covered by an affiliated entity, or that the foundation primarily operates as a grant-making entity with minimal direct operational staff.
What are the primary program areas supported by the foundation?
Based on the NTEE code E122 (General and Miscellaneous Foundations), the foundation likely supports a broad range of charitable causes. A detailed breakdown of specific grants or program expenditures would require reviewing the full IRS 990 forms, specifically Schedule I.
Why did revenue fluctuate significantly between 2019-2020 and more recent years?
Revenue for foundations can fluctuate due to varying levels of contributions, investment performance, or large one-time gifts. The peaks of over $12 million in 2019 and 2020 suggest successful fundraising campaigns or significant investment gains during those periods, while subsequent years show more moderate, yet still substantial, revenue.
Filing History
IRS 990 filing history for Mary And John Elliot Charitable Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mary And John Elliot Charitable Foundation's revenue has grown by 75.7%, moving from $1.9M to $3.3M. Total assets increased by 332.7% over the same period, from $7.1M to $30.9M. Total functional expenses rose by 193.1%, from $985K to $2.9M. In its most recent filing year (2023), Mary And John Elliot Charitable Foundation reported a surplus of $373K, with revenue exceeding expenses. The organization holds $56K in liabilities against $30.9M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $30.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $2.9M | $30.9M | $56K | — | View 990 |
| 2022 | $5.6M | $3.8M | $28.8M | $60K | — | View 990 |
| 2021 | $4.6M | $2.5M | $30.2M | $41K | — | — |
| 2020 | $12.1M | $7.1M | $25.2M | $69K | — | View 990 |
| 2019 | $12.2M | $4.7M | $20.6M | $147K | — | View 990 |
| 2018 | $6.6M | $4.6M | $12.8M | $176K | — | View 990 |
| 2017 | $2.6M | $2.2M | $8.9M | $337K | — | View 990 |
| 2016 | $2.7M | $2.2M | $8.2M | $412K | — | View 990 |
| 2015 | $2.4M | $1.7M | $8.1M | $411K | — | View 990 |
| 2014 | $3.9M | $3.0M | $9.1M | $521K | — | View 990 |
| 2013 | $2.6M | $1.7M | $7.6M | $576K | — | View 990 |
| 2012 | $2.4M | $2.0M | $6.6M | $662K | — | View 990 |
| 2011 | $1.9M | $985K | $7.1M | $724K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $2.9M, and assets of $30.9M (revenue -41.4% year-over-year).
- 2022: Revenue of $5.6M, expenses of $3.8M, and assets of $28.8M (revenue +22.1% year-over-year).
- 2021: Revenue of $4.6M, expenses of $2.5M, and assets of $30.2M (revenue -62.2% year-over-year).
- 2020: Revenue of $12.1M, expenses of $7.1M, and assets of $25.2M (revenue -0.9% year-over-year).
- 2019: Revenue of $12.2M, expenses of $4.7M, and assets of $20.6M (revenue +84.2% year-over-year).
- 2018: Revenue of $6.6M, expenses of $4.6M, and assets of $12.8M (revenue +157.6% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.2M, and assets of $8.9M (revenue -4.3% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.2M, and assets of $8.2M (revenue +9.9% year-over-year).
- 2015: Revenue of $2.4M, expenses of $1.7M, and assets of $8.1M (revenue -37.1% year-over-year).
- 2014: Revenue of $3.9M, expenses of $3.0M, and assets of $9.1M (revenue +46.4% year-over-year).
- 2013: Revenue of $2.6M, expenses of $1.7M, and assets of $7.6M (revenue +11.6% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.0M, and assets of $6.6M (revenue +27.7% year-over-year).
- 2011: Revenue of $1.9M, expenses of $985K, and assets of $7.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary And John Elliot Charitable Foundation:
Data Sources and Methodology
This transparency report for Mary And John Elliot Charitable Foundation 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.