Melville Foundation
Melville Foundation: Strong Assets, Inconsistent Revenue, and High Administrative Costs
EIN: 222777140 · N Palm Beach, FL · Updated: 2026-04-04
Is Melville Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Melville Foundation directs 40% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Melville Foundation
Melville Foundation (EIN: 222777140) is a nonprofit organization based in N Palm Beach, FL. The organization reported total revenue of $3.0M and total assets of $25.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Melville Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Melville Foundation is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$3.8M |
| Total Assets | $25.5M |
| Total Liabilities | $1 |
| Net Assets | $25.5M |
| Operating Margin | 70.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 193.8 months |
Financial Health Grade: A
In 2023, Melville Foundation reported a surplus of $3.8M with revenue exceeding expenses, holds 193.8 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), Melville Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +84915.5% | -50.9% | +10.0% |
| 2022 | -99.9% | +107.4% | -25.5% |
| 2021 | +600.1% | +14.5% | +9.0% |
| 2020 | -65.9% | +47.1% | +0.0% |
| 2019 | -46.4% | +6.5% | +40.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Melville Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 40%
- fundraising: 10%
According to IRS 990 filings, Melville Foundation allocates its expenses as follows: admin: 50%, programs: 40%, fundraising: 10%. Only 40% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Melville Foundation consistently reports $0 in compensation for all officers, directors, trustees, and key employees across all available filings, which is unusual for an organization with significant assets.
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 Melville Foundation's IRS 990 filings:
- High administrative expenses, reaching $3,211,511 in 2022, significantly outweighing program spending in some years.
- Inconsistent revenue streams, with a dramatic drop from $9,502,272 in 2021 to $6,370 in 2022, then a rebound to $5,415,489 in 2023.
- Lack of detailed program descriptions or impact reporting makes it difficult to assess the effectiveness of their mission.
- The consistent reporting of zero compensation for all key personnel raises questions about operational structure and potential indirect benefits.
Strengths
The following positive indicators were identified for Melville Foundation:
- Substantial asset base, with assets consistently above $20 million, reaching $31,078,726 in 2021.
- Consistent compliance with IRS filing requirements, making financial data accessible.
- Low fundraising costs, indicating efficient resource allocation for revenue generation when it occurs.
Frequently Asked Questions about Melville Foundation
Is Melville Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Melville Foundation (EIN: 222777140) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Melville Foundation spend its money?
Melville Foundation directs 40% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Melville Foundation tax-deductible?
Melville Foundation is registered as a tax-exempt nonprofit (EIN: 222777140). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Melville Foundation do?
Melville Foundation is a nonprofit organization in the Unknown sector, located in N Palm Beach, Florida. It is classified under NTEE code Unknown.
How much revenue does Melville Foundation have?
Melville Foundation reported total revenue of $3,018,404. Based on 10 IRS 990 filings on record.
What are Melville Foundation's total assets?
Melville Foundation holds total assets of $25,940,504 as reported in IRS 990 filings.
Where is Melville Foundation located?
Melville Foundation is based in N Palm Beach, Florida.
What is Melville Foundation's EIN?
Melville Foundation's Employer Identification Number (EIN) is 222777140. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Melville Foundation?
Melville Foundation is classified under NTEE code Unknown (Unknown).
Is Melville Foundation a registered 501(c)(3)?
Melville Foundation appears in IRS records (EIN: 222777140). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Melville Foundation file IRS Form 990?
Yes, Melville Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Melville Foundation's revenue in 2023?
In the 202312 filing period, Melville Foundation reported total revenue of $5,415,489, total expenses of $1,577,136, and net assets of $25,472,842.
Is Melville Foundation's revenue growing or declining?
Melville Foundation's revenue is growing. Revenue went from $6,370 (202212) to $5,415,489 (202312), a +84915.5% change. Based on 10 filings on record.
What is Melville Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Melville Foundation covers tax period 202312. It shows revenue of $5,415,489, expenses of $1,577,136, total assets of $25,472,842, and liabilities of $1.
How much does Melville Foundation spend on programs vs administration?
Based on IRS 990 analysis, Melville Foundation allocates approximately 40% of expenses to program services, 50% to administrative costs, and 10% to fundraising. Overhead costs appear high relative to program spending.
Is Melville Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Melville Foundation shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 3 strengths noted.
What are the red flags for Melville Foundation?
The following concerns were identified: High administrative expenses, reaching $3,211,511 in 2022, significantly outweighing program spending in some years.. Inconsistent revenue streams, with a dramatic drop from $9,502,272 in 2021 to $6,370 in 2022, then a rebound to $5,415,489 in 2023.. Lack of detailed program descriptions or impact reporting makes it difficult to assess the effectiveness of their mission.. The consistent reporting of zero compensation for all key personnel raises questions about operational structure and potential indirect benefits.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Melville Foundation's strengths?
Positive indicators for Melville Foundation include: Substantial asset base, with assets consistently above $20 million, reaching $31,078,726 in 2021.. Consistent compliance with IRS filing requirements, making financial data accessible.. Low fundraising costs, indicating efficient resource allocation for revenue generation when it occurs.. These findings are derived from AI analysis of the organization's financial filings.
How does Melville Foundation compensate executives?
The Melville Foundation consistently reports $0 in compensation for all officers, directors, trustees, and key employees across all available filings, which is unusual for an organization with significant assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial assets and fluctuating revenue, what is the primary mechanism for the Melville Foundation to achieve its mission, and how are program activities funded in years with minimal revenue?
With assets consistently over $20 million, the foundation likely relies heavily on investment income to fund its activities. In years with minimal revenue, such as 2022 ($6,370), program funding would primarily come from prior year surpluses or drawing down from the asset base, indicating a strategy that is not solely dependent on annual contributions.
How does the Melville Foundation manage to operate with $0 reported compensation for all key personnel, and what are the implications for its long-term sustainability and governance?
The consistent reporting of $0 compensation suggests either a fully volunteer-run organization, or that services are provided pro bono, or through an external management company not directly compensated by the foundation itself. This structure could lead to governance challenges if there isn't clear accountability and could impact long-term sustainability if key roles are not formally compensated or succession planned.
Filing History
IRS 990 filing history for Melville Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Melville Foundation's revenue has grown by 477.9%, moving from $937K to $5.4M. Total assets increased by 194.7% over the same period, from $8.6M to $25.5M. Total functional expenses rose by 117.2%, from $726K to $1.6M. In its most recent filing year (2023), Melville Foundation reported a surplus of $3.8M, with revenue exceeding expenses. The organization holds $1 in liabilities against $25.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $25.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $1.6M | $25.5M | $1 | — | View 990 |
| 2022 | $6K | $3.2M | $23.2M | $1 | — | View 990 |
| 2021 | $9.5M | $1.5M | $31.1M | $1 | — | View 990 |
| 2020 | $1.4M | $1.4M | $28.5M | $1 | — | View 990 |
| 2019 | $4.0M | $919K | $28.5M | $0 | — | View 990 |
| 2015 | $7.4M | $863K | $20.3M | $0 | — | View 990 |
| 2014 | $789K | $884K | $13.8M | $0 | — | View 990 |
| 2013 | $5.9M | $525K | $13.9M | $0 | — | View 990 |
| 2012 | $688K | $814K | $8.5M | $0 | — | View 990 |
| 2011 | $937K | $726K | $8.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $1.6M, and assets of $25.5M (revenue +84915.5% year-over-year).
- 2022: Revenue of $6K, expenses of $3.2M, and assets of $23.2M (revenue -99.9% year-over-year).
- 2021: Revenue of $9.5M, expenses of $1.5M, and assets of $31.1M (revenue +600.1% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $28.5M (revenue -65.9% year-over-year).
- 2019: Revenue of $4.0M, expenses of $919K, and assets of $28.5M (revenue -46.4% year-over-year).
- 2015: Revenue of $7.4M, expenses of $863K, and assets of $20.3M (revenue +842.1% year-over-year).
- 2014: Revenue of $789K, expenses of $884K, and assets of $13.8M (revenue -86.6% year-over-year).
- 2013: Revenue of $5.9M, expenses of $525K, and assets of $13.9M (revenue +753.7% year-over-year).
- 2012: Revenue of $688K, expenses of $814K, and assets of $8.5M (revenue -26.6% year-over-year).
- 2011: Revenue of $937K, expenses of $726K, and assets of $8.6M.
Data Sources and Methodology
This transparency report for Melville 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.