May Ellen & Gerald Ritter Foundation
May Ellen & Gerald Ritter Foundation maintains stable assets and no officer compensation, with fluctuating annual surpluses and deficits.
EIN: 136114269 · Stamford, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $707K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7,896,118 |
| Net Assets | $7.9M |
| Transparency Score | 85/100 |
Is May Ellen & Gerald Ritter Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
May Ellen & Gerald Ritter Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About May Ellen & Gerald Ritter Foundation
May Ellen & Gerald Ritter Foundation (EIN: 136114269) is a nonprofit organization based in Stamford, CT. The organization reported total revenue of $1.0M and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of May Ellen & Gerald Ritter Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
May Ellen & Gerald Ritter Foundation is a mid-size nonprofit that has been operating for 65 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $879K |
| Total Expenses | $707K |
| Surplus / Deficit | +$172K |
| Total Assets | $7.9M |
| Total Liabilities | $1 |
| Net Assets | $7.9M |
| Operating Margin | 19.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 134.0 months |
Financial Health Grade: A
In 2023, May Ellen & Gerald Ritter Foundation reported a surplus of $172K with revenue exceeding expenses, holds 134.0 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), May Ellen & Gerald Ritter Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.0% | -12.1% | -3.4% |
| 2022 | +43.8% | +31.5% | -12.6% |
| 2021 | +15.6% | -10.1% | +15.7% |
| 2020 | -57.5% | -46.2% | -7.7% |
| 2019 | -0.3% | -11.0% | -13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1961 |
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 May Ellen & Gerald Ritter Foundation with a Mission Score of 85 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, May Ellen & Gerald Ritter Foundation 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 $172K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its asset size ($7,896,118 in 2023).
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 May Ellen & Gerald Ritter Foundation's IRS 990 filings:
- Long-term decline in assets from $10.5M in 2011 to $7.9M in 2023, suggesting consistent spending exceeding investment returns or new contributions over time.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data limits granular analysis of spending efficiency.
Strengths
The following positive indicators were identified for May Ellen & Gerald Ritter Foundation:
- Consistent reporting of 0% officer compensation, indicating highly efficient executive overhead.
- Minimal liabilities ($1 or $0 across all filings) demonstrating strong financial health and no significant debt.
- Consistent asset base, despite a long-term decline, allowing for continued grantmaking activities.
- Regular IRS 990 filings demonstrate transparency and compliance.
Frequently Asked Questions about May Ellen & Gerald Ritter Foundation
Is May Ellen & Gerald Ritter Foundation a legitimate charity?
May Ellen & Gerald Ritter Foundation (EIN: 136114269) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.0M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does May Ellen & Gerald Ritter Foundation spend its money?
May Ellen & Gerald Ritter Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to May Ellen & Gerald Ritter Foundation tax-deductible?
May Ellen & Gerald Ritter Foundation is registered as a tax-exempt nonprofit (EIN: 136114269). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the May Ellen & Gerald Ritter Foundation CEO make?
May Ellen & Gerald Ritter Foundation's highest-compensated officer earns $7,896,118 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is May Ellen & Gerald Ritter Foundation located?
May Ellen & Gerald Ritter Foundation is headquartered in Stamford, Connecticut and files with the IRS under EIN 136114269.
How many years of IRS 990 filings does May Ellen & Gerald Ritter Foundation have?
May Ellen & Gerald Ritter Foundation 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 $1.0M in total revenue.
Is the May Ellen & Gerald Ritter Foundation financially stable?
Yes, the foundation appears financially stable. While its assets have decreased from over $10 million in 2011 to approximately $7.9 million in 2023, it consistently holds significant assets and reports minimal liabilities ($1 or $0), indicating a strong balance sheet.
How does the foundation's spending compare to its revenue?
The foundation's spending has fluctuated relative to its revenue. In 2023, revenue ($878,937) exceeded expenses ($706,954), resulting in a surplus. However, in 2022, expenses ($804,396) exceeded revenue ($686,712), indicating a deficit. This pattern of surpluses and deficits is common for foundations managing endowments.
Does the foundation pay its officers?
No, the IRS 990 filings consistently show 'Officer Comp=0%' for all reported periods, indicating that no compensation is paid to officers.
Filing History
IRS 990 filing history for May Ellen & Gerald Ritter Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), May Ellen & Gerald Ritter Foundation's revenue has grown by 1.1%, moving from $870K to $879K. Total assets decreased by 25.2% over the same period, from $10.5M to $7.9M. Total functional expenses fell by 33.9%, from $1.1M to $707K. In its most recent filing year (2023), May Ellen & Gerald Ritter Foundation reported a surplus of $172K, with revenue exceeding expenses. The organization holds $1 in liabilities against $7.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $879K | $707K | $7.9M | $1 | — | — |
| 2022 | $687K | $804K | $8.2M | $1 | — | View 990 |
| 2021 | $478K | $612K | $9.4M | $1 | — | View 990 |
| 2020 | $413K | $681K | $8.1M | $1 | — | View 990 |
| 2019 | $973K | $1.3M | $8.8M | $1 | — | View 990 |
| 2015 | $976K | $1.4M | $10.1M | $1 | — | View 990 |
| 2014 | $1.0M | $1.4M | $12.3M | $1 | — | View 990 |
| 2013 | $1.1M | $1.4M | $13.0M | $1 | — | View 990 |
| 2012 | $829K | $1.3M | $10.9M | $1 | — | View 990 |
| 2011 | $870K | $1.1M | $10.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $879K, expenses of $707K, and assets of $7.9M (revenue +28.0% year-over-year).
- 2022: Revenue of $687K, expenses of $804K, and assets of $8.2M (revenue +43.8% year-over-year).
- 2021: Revenue of $478K, expenses of $612K, and assets of $9.4M (revenue +15.6% year-over-year).
- 2020: Revenue of $413K, expenses of $681K, and assets of $8.1M (revenue -57.5% year-over-year).
- 2019: Revenue of $973K, expenses of $1.3M, and assets of $8.8M (revenue -0.3% year-over-year).
- 2015: Revenue of $976K, expenses of $1.4M, and assets of $10.1M (revenue -3.6% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.4M, and assets of $12.3M (revenue -7.8% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.4M, and assets of $13.0M (revenue +32.5% year-over-year).
- 2012: Revenue of $829K, expenses of $1.3M, and assets of $10.9M (revenue -4.7% year-over-year).
- 2011: Revenue of $870K, expenses of $1.1M, and assets of $10.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for May Ellen & Gerald Ritter Foundation:
Data Sources and Methodology
This transparency report for May Ellen & Gerald Ritter 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.