Nathan M Clark Foundation
Nathan M Clark Foundation consistently spends more than annual revenue while maintaining a stable $9-10 million asset base and reporting no officer compensation.
EIN: 201201954 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $633K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $9.6M |
| Transparency Score | 75/100 |
Is Nathan M Clark Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nathan M Clark Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nathan M Clark Foundation
Nathan M Clark Foundation (EIN: 201201954) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $4.3M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nathan M Clark Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nathan M Clark Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $148K |
| Total Expenses | $633K |
| Surplus / Deficit | $-484,667 |
| Total Assets | $9.6M |
| Total Liabilities | $1 |
| Net Assets | $9.6M |
| Operating Margin | -326.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 181.7 months |
Financial Health Grade: B
In 2023, Nathan M Clark Foundation reported a deficit of $485K with expenses exceeding revenue, holds 181.7 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), Nathan M Clark Foundation's revenue has grown at a compound annual growth rate (CAGR) of 23.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -66.7% | -6.0% | -4.9% |
| 2022 | -60.2% | +1.3% | -2.2% |
| 2021 | +460.8% | +4.5% | +4.6% |
| 2020 | -33.0% | +1.9% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Nathan M Clark Foundation with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Nathan M Clark Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $485K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization managing assets of nearly $10 million. This suggests either a volunteer-led structure or compensation is categorized differently, which could be a positive for efficiency but warrants further investigation for full 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 Nathan M Clark Foundation's IRS 990 filings:
- Consistent spending exceeding annual revenue, indicating reliance on asset drawdowns or undisclosed investment gains.
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data makes efficiency assessment challenging.
- Unusually low liabilities ($0-$1) for an organization of its size, which could indicate minimal operational debt but also potentially limited financial activity beyond asset management and grantmaking.
Strengths
The following positive indicators were identified for Nathan M Clark Foundation:
- Stable and substantial asset base, consistently around $9-10 million in recent years, providing long-term financial security.
- Consistent reporting of 0% officer compensation, suggesting high efficiency in leadership costs or a volunteer-driven model.
- Low liabilities, indicating a financially conservative approach with minimal debt.
Frequently Asked Questions about Nathan M Clark Foundation
Is Nathan M Clark Foundation a legitimate charity?
Nathan M Clark Foundation (EIN: 201201954) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.3M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Nathan M Clark Foundation spend its money?
Nathan M Clark Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nathan M Clark Foundation tax-deductible?
Nathan M Clark Foundation is registered as a tax-exempt nonprofit (EIN: 201201954). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nathan M Clark Foundation CEO make?
Nathan M Clark Foundation's highest-compensated officer earns $10 annually. The organization reported $4.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nathan M Clark Foundation's spending goes to programs?
Nathan M Clark Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nathan M Clark Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Nathan M Clark Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nathan M Clark Foundation located?
Nathan M Clark Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 201201954. It is classified under NTEE code T22.
How many years of IRS 990 filings does Nathan M Clark Foundation have?
Nathan M Clark 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 $4.3M in total revenue.
How does the Nathan M Clark Foundation sustain its operations given that expenses frequently exceed annual revenue?
The foundation likely sustains its operations by drawing from its substantial asset base (endowment) of approximately $9-10 million, which generates investment income not always reflected directly as 'revenue' in the summary, or by liquidating assets to cover expenses. For example, in 2023, expenses were $633,095 while revenue was only $148,428.
What is the nature of the '0% Officer Comp' reported across all filings?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or that any compensation is paid through a related entity or categorized in a way that does not appear as 'Officer Comp' on the 990, which would require deeper scrutiny of the full filing.
What is the primary purpose or program activity of the Nathan M Clark Foundation (NTEE Code T22)?
The NTEE Code T22 typically refers to 'Private Grantmaking Foundations,' indicating that the organization's primary activity is making grants to other organizations or individuals, rather than directly operating programs.
Filing History
IRS 990 filing history for Nathan M Clark Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Nathan M Clark Foundation's revenue has grown by 1136.8%, moving from $12K to $148K. Total assets increased by 6530.3% over the same period, from $145K to $9.6M. Total functional expenses rose by 5560.2%, from $11K to $633K. In its most recent filing year (2023), Nathan M Clark Foundation reported a deficit of $485K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $148K | $633K | $9.6M | $1 | — | View 990 |
| 2022 | $446K | $673K | $10.1M | $1 | — | View 990 |
| 2021 | $1.1M | $665K | $10.3M | $1 | — | — |
| 2020 | $200K | $636K | $9.8M | $1 | — | View 990 |
| 2019 | $298K | $624K | $10.3M | $0 | — | View 990 |
| 2015 | $-93,499 | $445K | $7.5M | $1 | — | View 990 |
| 2014 | $8.5M | $283K | $8.2M | $1 | — | View 990 |
| 2013 | $2 | $33K | $102K | $1 | — | View 990 |
| 2012 | $3 | $10K | $135K | $1 | — | View 990 |
| 2011 | $12K | $11K | $145K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $148K, expenses of $633K, and assets of $9.6M (revenue -66.7% year-over-year).
- 2022: Revenue of $446K, expenses of $673K, and assets of $10.1M (revenue -60.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $665K, and assets of $10.3M (revenue +460.8% year-over-year).
- 2020: Revenue of $200K, expenses of $636K, and assets of $9.8M (revenue -33.0% year-over-year).
- 2019: Revenue of $298K, expenses of $624K, and assets of $10.3M.
- 2015: Revenue of $-93,499, expenses of $445K, and assets of $7.5M (revenue -101.1% year-over-year).
- 2014: Revenue of $8.5M, expenses of $283K, and assets of $8.2M (revenue +427014550.0% year-over-year).
- 2013: Revenue of $2, expenses of $33K, and assets of $102K (revenue -33.3% year-over-year).
- 2012: Revenue of $3, expenses of $10K, and assets of $135K (revenue -100.0% year-over-year).
- 2011: Revenue of $12K, expenses of $11K, and assets of $145K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nathan M Clark Foundation:
Data Sources and Methodology
This transparency report for Nathan M Clark 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.