Reuben And Lizzie Grossmanfoundation Inc
Reuben And Lizzie Grossmanfoundation consistently spends more than it earns, drawing down assets.
EIN: 203918661 · Lexington, MA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $487K |
| Total Expenses | $149K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $961K |
| Transparency Score | 75/100 |
Is Reuben And Lizzie Grossmanfoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reuben And Lizzie Grossmanfoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reuben And Lizzie Grossmanfoundation Inc
Reuben And Lizzie Grossmanfoundation Inc (EIN: 203918661) is a nonprofit organization based in Lexington, MA, classified under NTEE code T22. The organization reported total revenue of $487K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reuben And Lizzie Grossmanfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reuben And Lizzie Grossmanfoundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $149K |
| Surplus / Deficit | $-19,215 |
| Total Assets | $963K |
| Total Liabilities | $2K |
| Net Assets | $961K |
| Operating Margin | -14.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 77.5 months |
Financial Health Grade: B
In 2024, Reuben And Lizzie Grossmanfoundation Inc reported a deficit of $19K with expenses exceeding revenue, holds 77.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Reuben And Lizzie Grossmanfoundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +186.7% | -18.4% | -2.0% |
| 2023 | -82.0% | +17.3% | -12.2% |
| 2022 | +36.4% | -4.0% | +9.3% |
| 2021 | +18.0% | +7.9% | +2.2% |
| 2020 | +56.2% | +3.8% | -8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Reuben And Lizzie Grossmanfoundation Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Reuben And Lizzie Grossmanfoundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, indicating that no officers receive salaries from the organization, which is highly efficient for an organization of its size with assets over $1 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 Reuben And Lizzie Grossmanfoundation Inc's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in most reported periods (e.g., 202303: Revenue $45,293, Expenses $182,609).
- Declining asset base over the long term (e.g., $1,187,341 in 201303 vs. $962,959 in 202403), indicating reliance on principal for operations.
Strengths
The following positive indicators were identified for Reuben And Lizzie Grossmanfoundation Inc:
- Zero officer compensation reported across all filings, indicating highly efficient executive management.
- Consistent history of IRS 990 filings, demonstrating transparency.
- Maintained a substantial asset base (over $900,000) for over a decade, allowing for continued grantmaking.
Frequently Asked Questions about Reuben And Lizzie Grossmanfoundation Inc
Is Reuben And Lizzie Grossmanfoundation Inc a legitimate charity?
Reuben And Lizzie Grossmanfoundation Inc (EIN: 203918661) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $487K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Reuben And Lizzie Grossmanfoundation Inc spend its money?
Reuben And Lizzie Grossmanfoundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Reuben And Lizzie Grossmanfoundation Inc tax-deductible?
Reuben And Lizzie Grossmanfoundation Inc is registered as a tax-exempt nonprofit (EIN: 203918661). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Reuben And Lizzie Grossmanfoundation Inc CEO make?
Reuben And Lizzie Grossmanfoundation Inc's highest-compensated officer earns $1 annually. The organization reported $487K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Reuben And Lizzie Grossmanfoundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Reuben And Lizzie Grossmanfoundation Inc 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 Reuben And Lizzie Grossmanfoundation Inc located?
Reuben And Lizzie Grossmanfoundation Inc is headquartered in Lexington, Massachusetts and files with the IRS under EIN 203918661. It is classified under NTEE code T22.
How many years of IRS 990 filings does Reuben And Lizzie Grossmanfoundation Inc have?
Reuben And Lizzie Grossmanfoundation Inc 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 $487K in total revenue.
Is Reuben And Lizzie Grossmanfoundation Inc financially sustainable long-term?
The foundation has frequently spent more than its revenue, drawing down its asset base. For example, in 202303, expenses were $182,609 against revenues of $45,293. This trend, if continued, could impact its long-term ability to sustain its giving levels without new significant endowments.
What is the primary purpose of this organization?
Based on its NTEE code T22 (Private Grantmaking Foundations) and consistent expense patterns, its primary purpose is likely grantmaking to other charitable organizations or individuals.
How does the foundation manage its administrative costs?
The foundation appears to manage administrative costs very efficiently, as evidenced by 0% officer compensation reported across all available filings, suggesting a volunteer-driven or very lean operational structure.
Filing History
IRS 990 filing history for Reuben And Lizzie Grossmanfoundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Reuben And Lizzie Grossmanfoundation Inc's revenue has grown by 157.1%, moving from $50K to $130K. Total assets decreased by 16.9% over the same period, from $1.2M to $963K. Total functional expenses rose by 19.8%, from $124K to $149K. In its most recent filing year (2024), Reuben And Lizzie Grossmanfoundation Inc reported a deficit of $19K, with expenses exceeding revenue. The organization holds $2K in liabilities against $963K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $961K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $130K | $149K | $963K | $2K | — | — |
| 2023 | $45K | $183K | $982K | $2K | — | View 990 |
| 2022 | $251K | $156K | $1.1M | $1 | — | View 990 |
| 2021 | $184K | $162K | $1.0M | $1 | — | — |
| 2020 | $156K | $150K | $1.0M | $1 | — | View 990 |
| 2016 | $100K | $145K | $1.1M | $0 | — | View 990 |
| 2015 | $116K | $127K | $1.1M | $0 | — | View 990 |
| 2014 | $82K | $125K | $1.1M | $0 | — | View 990 |
| 2013 | $143K | $114K | $1.2M | $0 | — | View 990 |
| 2012 | $50K | $124K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $130K, expenses of $149K, and assets of $963K (revenue +186.7% year-over-year).
- 2023: Revenue of $45K, expenses of $183K, and assets of $982K (revenue -82.0% year-over-year).
- 2022: Revenue of $251K, expenses of $156K, and assets of $1.1M (revenue +36.4% year-over-year).
- 2021: Revenue of $184K, expenses of $162K, and assets of $1.0M (revenue +18.0% year-over-year).
- 2020: Revenue of $156K, expenses of $150K, and assets of $1.0M (revenue +56.2% year-over-year).
- 2016: Revenue of $100K, expenses of $145K, and assets of $1.1M (revenue -14.1% year-over-year).
- 2015: Revenue of $116K, expenses of $127K, and assets of $1.1M (revenue +42.2% year-over-year).
- 2014: Revenue of $82K, expenses of $125K, and assets of $1.1M (revenue -42.9% year-over-year).
- 2013: Revenue of $143K, expenses of $114K, and assets of $1.2M (revenue +183.7% year-over-year).
- 2012: Revenue of $50K, expenses of $124K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reuben And Lizzie Grossmanfoundation Inc:
Data Sources and Methodology
This transparency report for Reuben And Lizzie Grossmanfoundation Inc 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.