National Grid Foundation
National Grid Foundation maintains strong assets despite fluctuating revenues and zero executive compensation.
EIN: 113466416 · Hicksville, NY · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.2M |
| Total Expenses | $3.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $38 |
| Net Assets | $38.5M |
| Transparency Score | 92/100 |
Is National Grid Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Grid Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Grid Foundation
National Grid Foundation (EIN: 113466416) is a nonprofit organization based in Hicksville, NY, classified under NTEE code T21. The organization reported total revenue of $11.2M and total assets of $38.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Grid Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Grid Foundation is a large nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -148.0% | +25.8% | +17.7% |
| 2022 | -71.4% | -16.8% | -22.0% |
| 2021 | +103.1% | -1.0% | +4.6% |
| 2020 | +3.9% | +74.4% | +7.1% |
| 2019 | -63.3% | -1.0% | +12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 National Grid 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, National Grid Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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:
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly unusual for an organization of this size with assets nearing $38 million.
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 National Grid Foundation's IRS 990 filings:
- Negative revenue reported in 2023 (-$1,007,488) without immediate explanation in summary data.
Strengths
The following positive indicators were identified for National Grid Foundation:
- Consistent 0% officer compensation across all reported periods, indicating high efficiency and dedication of funds to mission.
- Strong and growing asset base, currently $37,959,519, providing financial stability.
- Low liabilities relative to assets, suggesting good financial management.
- Significant program spending relative to total expenses, as implied by low administrative overhead.
Frequently Asked Questions about National Grid Foundation
Is National Grid Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, National Grid Foundation (EIN: 113466416) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does National Grid Foundation spend its money?
National Grid Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Grid Foundation tax-deductible?
National Grid Foundation is registered as a tax-exempt nonprofit (EIN: 113466416). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the National Grid Foundation CEO make?
National Grid Foundation's highest-compensated officer earns $38 annually. The organization reported $11.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of National Grid Foundation's spending goes to programs?
National Grid Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does National Grid Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), National Grid Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is National Grid Foundation located?
National Grid Foundation is headquartered in Hicksville, New York and files with the IRS under EIN 113466416. It is classified under NTEE code T21.
How many years of IRS 990 filings does National Grid Foundation have?
National Grid 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 $11.2M in total revenue.
Is National Grid Foundation a good charity?
Based on the available data, the National Grid Foundation appears to be a very good charity. It maintains substantial assets, consistently reports 0% officer compensation, and has a history of significant program spending relative to its expenses.
Why was revenue negative in 2023?
The negative revenue of $-1,007,488 in 2023 is unusual and could be due to investment losses, significant returns of contributions, or accounting adjustments. Further investigation into the 2023 990 filing's Statement of Revenue would be necessary to understand the specific cause.
How does the foundation manage its expenses with zero officer compensation?
The consistent 0% officer compensation suggests that administrative and operational support might be provided by National Grid as an in-kind contribution, or through contracted services that are not classified as officer compensation. This arrangement significantly reduces overhead costs for the foundation.
What is the trend in the foundation's assets?
The foundation's assets have generally grown over the past decade, from $29,457,950 in 2011 to $37,959,519 currently, with some fluctuations, indicating sound financial management and growth in its endowment or investment portfolio.
Filing History
IRS 990 filing history for National Grid Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), National Grid Foundation's revenue has declined by 116.5%, moving from $6.1M to $-1,007,488. Total assets increased by 31.4% over the same period, from $29.5M to $38.7M. Total functional expenses rose by 179%, from $1.3M to $3.6M. The organization holds $189K in liabilities against $38.7M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $38.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-1,007,488 | $3.6M | $38.7M | $189K | — | — |
| 2022 | $2.1M | $2.8M | $32.9M | $46K | — | View 990 |
| 2021 | $7.4M | $3.4M | $42.2M | $99K | — | View 990 |
| 2020 | $3.6M | $3.5M | $40.3M | $70K | — | View 990 |
| 2019 | $3.5M | $2.0M | $37.6M | $12K | — | — |
| 2015 | $9.5M | $2.0M | $33.5M | $106K | — | View 990 |
| 2014 | $1.6M | $2.0M | $35.9M | $440K | — | View 990 |
| 2013 | $2.6M | $1.8M | $35.3M | $319K | — | View 990 |
| 2012 | $972K | $1.8M | $31.2M | $184K | — | View 990 |
| 2011 | $6.1M | $1.3M | $29.5M | $304K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-1,007,488, expenses of $3.6M, and assets of $38.7M (revenue -148.0% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.8M, and assets of $32.9M (revenue -71.4% year-over-year).
- 2021: Revenue of $7.4M, expenses of $3.4M, and assets of $42.2M (revenue +103.1% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.5M, and assets of $40.3M (revenue +3.9% year-over-year).
- 2019: Revenue of $3.5M, expenses of $2.0M, and assets of $37.6M (revenue -63.3% year-over-year).
- 2015: Revenue of $9.5M, expenses of $2.0M, and assets of $33.5M (revenue +477.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $2.0M, and assets of $35.9M (revenue -36.5% year-over-year).
- 2013: Revenue of $2.6M, expenses of $1.8M, and assets of $35.3M (revenue +166.3% year-over-year).
- 2012: Revenue of $972K, expenses of $1.8M, and assets of $31.2M (revenue -84.1% year-over-year).
- 2011: Revenue of $6.1M, expenses of $1.3M, and assets of $29.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Grid Foundation:
Data Sources and Methodology
This transparency report for National Grid 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.