Peter Glenville Foundation

Peter Glenville Foundation faces significant financial challenges with persistent operating deficits and declining assets.

EIN: 141889271 · Mount Pleasant, SC · NTEE: A12 · Updated: 2026-03-28

$268KRevenue

$583KAssets

45/100Mission Score (Fair)

A12

About Peter Glenville Foundation

Peter Glenville Foundation (EIN: 141889271) is a nonprofit organization based in Mount Pleasant, SC, classified under NTEE code A12. The organization reported total revenue of $268K and total assets of $583K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peter Glenville Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Peter Glenville Foundation exhibits a concerning trend of declining assets and consistent operating deficits over the past decade. In 2023, the organization reported revenue of $99,625 against expenses of $331,047, indicating it spent over three times its income. This pattern is not isolated, as expenses have consistently outstripped revenue in all reported periods, leading to a significant reduction in assets from $4,859,613 in 2011 to $747,524 in 2023. While the organization reports 0% officer compensation, which suggests good stewardship in that area, the overall financial sustainability is questionable given the persistent negative net income. The NTEE code A12 (Performing Arts) suggests a program-heavy mission, but without a detailed breakdown of expenses, it's difficult to assess spending efficiency beyond the overall deficit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Peter Glenville Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Peter Glenville Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all filings, indicating that executive leadership is not drawing a salary from the foundation, which is a positive sign for resource allocation.

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 Peter Glenville Foundation's IRS 990 filings:

Consistent and significant operating deficits (e.g., $99,625 revenue vs. $331,047 expenses in 2023).
Rapid decline in total assets over the past decade (from $4.8M in 2011 to $0.7M in 2023).
Expenses consistently exceeding revenue in all reported periods.

Strengths

The following positive indicators were identified for Peter Glenville Foundation:

0% officer compensation reported across all filings, indicating no executive salaries are paid from the organization's funds.

Frequently Asked Questions about Peter Glenville Foundation

Is the Peter Glenville Foundation financially sustainable?

Based on the consistent trend of expenses significantly exceeding revenue (e.g., $331,047 expenses vs. $99,625 revenue in 2023), the foundation's financial sustainability is highly questionable without a significant change in its financial model or a substantial influx of new funding.

Why are the foundation's assets declining so rapidly?

The rapid decline in assets from $4,859,613 in 2011 to $747,524 in 2023 is directly attributable to the foundation consistently spending more than it earns, drawing down its reserves to cover operational costs.

What is the primary source of the foundation's expenses?

Without a detailed breakdown of expenses from the 990 filings, it's impossible to definitively state the primary source. However, given the NTEE code A12 (Performing Arts), it's likely related to program delivery, but administrative and fundraising costs could also be contributing to the high overall expenses.

Filing History

IRS 990 filing history for Peter Glenville Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Peter Glenville Foundation's revenue has declined by 56.4%, moving from $229K to $100K. Total assets decreased by 84.6% over the same period, from $4.9M to $748K. Total functional expenses fell by 65%, from $947K to $331K. In its most recent filing year (2023), Peter Glenville Foundation reported a deficit of $231K, with expenses exceeding revenue. The organization holds $1 in liabilities against $748K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $748K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$100K	$331K	$748K	$1	—	View 990
2022	$188K	$312K	$1.7M	$-9	—	View 990
2021	$242K	$321K	$2.2M	$443	—	View 990
2020	$75K	$279K	$2.2M	$661	—	—
2019	$83K	$406K	$2.3M	$1K	—	View 990
2015	$207K	$546K	$3.2M	$95	—	View 990
2014	$209K	$530K	$3.9M	$2K	—	View 990
2013	$221K	$686K	$4.2M	$5K	—	View 990
2012	$211K	$681K	$4.7M	$436	—	View 990
2011	$229K	$947K	$4.9M	$5K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $100K, expenses of $331K, and assets of $748K (revenue -47.0% year-over-year).
2022: Revenue of $188K, expenses of $312K, and assets of $1.7M (revenue -22.5% year-over-year).
2021: Revenue of $242K, expenses of $321K, and assets of $2.2M (revenue +222.4% year-over-year).
2020: Revenue of $75K, expenses of $279K, and assets of $2.2M (revenue -9.3% year-over-year).
2019: Revenue of $83K, expenses of $406K, and assets of $2.3M (revenue -60.0% year-over-year).
2015: Revenue of $207K, expenses of $546K, and assets of $3.2M (revenue -1.0% year-over-year).
2014: Revenue of $209K, expenses of $530K, and assets of $3.9M (revenue -5.2% year-over-year).
2013: Revenue of $221K, expenses of $686K, and assets of $4.2M (revenue +4.7% year-over-year).
2012: Revenue of $211K, expenses of $681K, and assets of $4.7M (revenue -7.7% year-over-year).
2011: Revenue of $229K, expenses of $947K, and assets of $4.9M.

Data Sources and Methodology

This transparency report for Peter Glenville 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.