Ross Foundation Inc
Ross Foundation Inc. reports consistent operating deficits in recent years despite substantial asset base and zero officer compensation.
EIN: 204652067 · Parkersburg, WV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $8.3M |
| Program Spending | 90% |
| Net Assets | $38.6M |
| Transparency Score | 85/100 |
Is Ross Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ross Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ross Foundation Inc
Ross Foundation Inc (EIN: 204652067) is a nonprofit organization based in Parkersburg, WV, classified under NTEE code T20. The organization reported total revenue of $2.2M and total assets of $38.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ross Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ross Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $8.3M |
| Surplus / Deficit | $-3,551,705 |
| Total Assets | $38.6M |
| Total Liabilities | $67K |
| Net Assets | $38.6M |
| Operating Margin | -74.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 55.9 months |
Financial Health Grade: B
In 2023, Ross Foundation Inc reported a deficit of $3.6M with expenses exceeding revenue, holds 55.9 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 (2011–2023), Ross Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.0% | +43.7% | -6.4% |
| 2022 | +205.0% | +123.0% | -28.3% |
| 2021 | -71.7% | +14.3% | +17.3% |
| 2020 | +223.1% | -6.3% | +6.4% |
| 2019 | +20.5% | +83.7% | +26.2% |
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 Ross Foundation Inc with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Ross Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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:
- The organization reported a deficit of $3.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The Ross Foundation Inc. consistently reports 0% officer compensation across all ten available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 Ross Foundation Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023, 2022, 2021) where expenses significantly exceeded revenue.
- Decrease in assets from $57,537,917 in 2021 to $38,643,273 in 2023, potentially due to deficit spending.
Strengths
The following positive indicators were identified for Ross Foundation Inc:
- Zero officer compensation reported across all ten filings, indicating high efficiency and dedication to mission.
- Substantial asset base of $38,643,273 provides financial stability and capacity for grantmaking.
- Long history of IRS 990 filings (10 filings), indicating consistent transparency and compliance.
Frequently Asked Questions about Ross Foundation Inc
Is Ross Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ross Foundation Inc (EIN: 204652067) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Ross Foundation Inc spend its money?
Ross Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ross Foundation Inc tax-deductible?
Ross Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204652067). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ross Foundation Inc's spending goes to programs?
Ross Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ross Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ross Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ross Foundation Inc located?
Ross Foundation Inc is headquartered in Parkersburg, West Virginia and files with the IRS under EIN 204652067. It is classified under NTEE code T20.
How many years of IRS 990 filings does Ross Foundation Inc have?
Ross Foundation 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 $2.2M in total revenue.
Is Ross Foundation Inc. financially sustainable given recent operating deficits?
While the Ross Foundation Inc. has reported expenses exceeding revenue in recent years (e.g., $8,297,051 expenses vs. $4,745,346 revenue in 2023), its substantial asset base of $38,643,273 provides a significant buffer. However, continued deficits without a strategy to increase revenue or reduce expenses could impact long-term sustainability.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation is a strong positive, indicating that all funds are directed towards the organization's mission and operational costs, rather than executive salaries. This enhances public trust and demonstrates a high level of financial efficiency.
Filing History
IRS 990 filing history for Ross Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ross Foundation Inc's revenue has grown by 548.6%, moving from $732K to $4.7M. Total assets increased by 160.1% over the same period, from $14.9M to $38.6M. Total functional expenses rose by 1130.4%, from $674K to $8.3M. In its most recent filing year (2023), Ross Foundation Inc reported a deficit of $3.6M, with expenses exceeding revenue. The organization holds $67K in liabilities against $38.6M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $38.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $8.3M | $38.6M | $67K | — | View 990 |
| 2022 | $4.4M | $5.8M | $41.3M | $67K | — | — |
| 2021 | $1.4M | $2.6M | $57.5M | $67K | — | View 990 |
| 2020 | $5.0M | $2.3M | $49.0M | $146K | — | — |
| 2019 | $1.6M | $2.4M | $46.1M | $292K | — | View 990 |
| 2015 | $1.3M | $1.3M | $36.5M | $279K | — | View 990 |
| 2014 | $20.6M | $564K | $38.3M | $320K | — | View 990 |
| 2013 | $993K | $1.4M | $17.8M | $575K | — | View 990 |
| 2012 | $842K | $753K | $16.0M | $1 | — | View 990 |
| 2011 | $732K | $674K | $14.9M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $8.3M, and assets of $38.6M (revenue +9.0% year-over-year).
- 2022: Revenue of $4.4M, expenses of $5.8M, and assets of $41.3M (revenue +205.0% year-over-year).
- 2021: Revenue of $1.4M, expenses of $2.6M, and assets of $57.5M (revenue -71.7% year-over-year).
- 2020: Revenue of $5.0M, expenses of $2.3M, and assets of $49.0M (revenue +223.1% year-over-year).
- 2019: Revenue of $1.6M, expenses of $2.4M, and assets of $46.1M (revenue +20.5% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $36.5M (revenue -93.7% year-over-year).
- 2014: Revenue of $20.6M, expenses of $564K, and assets of $38.3M (revenue +1970.8% year-over-year).
- 2013: Revenue of $993K, expenses of $1.4M, and assets of $17.8M (revenue +18.0% year-over-year).
- 2012: Revenue of $842K, expenses of $753K, and assets of $16.0M (revenue +15.1% year-over-year).
- 2011: Revenue of $732K, expenses of $674K, and assets of $14.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ross Foundation Inc:
Data Sources and Methodology
This transparency report for Ross Foundation 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.