Royce Family Fund Inc
Royce Family Fund consistently allocates significant resources to programs with no reported officer compensation.
EIN: 133318620 · Greenwich, CT · Updated: 2026-03-28
Is Royce Family Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Royce Family Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Royce Family Fund Inc
Royce Family Fund Inc (EIN: 133318620) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $4.7M and total assets of $97.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Royce Family Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Royce Family Fund Inc is a mid-size nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $6.3M |
| Surplus / Deficit | $-4,566,537 |
| Total Assets | $99.1M |
| Total Liabilities | $42K |
| Net Assets | $99.1M |
| Operating Margin | -264.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 189.0 months |
Financial Health Grade: B
In 2023, Royce Family Fund Inc reported a deficit of $4.6M with expenses exceeding revenue, holds 189.0 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), Royce Family Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.0% | +16.4% | -11.9% |
| 2022 | -82.6% | -12.7% | -3.1% |
| 2021 | +56.0% | +7.2% | +2.2% |
| 2020 | +65.8% | -17.6% | -1.0% |
| 2019 | -74.8% | +6.3% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Royce Family Fund Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Royce Family Fund 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly efficient for a fund 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 Royce Family Fund Inc's IRS 990 filings:
- NTEE Code is unknown, which limits understanding of specific programmatic focus.
Strengths
The following positive indicators were identified for Royce Family Fund Inc:
- Zero reported officer compensation across all filings, indicating high efficiency.
- Strong asset base ($97,356,400) provides financial stability.
- Consistently low liabilities ($41,872 in recent years) relative to assets.
- Consistent filing of IRS Form 990s demonstrates transparency.
- Significant program spending relative to total expenses.
Frequently Asked Questions about Royce Family Fund Inc
Is Royce Family Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Royce Family Fund Inc (EIN: 133318620) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Royce Family Fund Inc spend its money?
Royce Family Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Royce Family Fund Inc tax-deductible?
Royce Family Fund Inc is registered as a tax-exempt nonprofit (EIN: 133318620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Royce Family Fund Inc. a good charity?
Based on the available IRS 990 data, Royce Family Fund Inc. appears to be a highly efficient and program-focused organization. Its consistent lack of reported officer compensation and strong asset base, coupled with significant program spending, suggest it effectively channels resources towards its mission.
How does Royce Family Fund Inc.'s asset base compare to its annual expenses?
The organization's assets of $97,356,400 are significantly larger than its annual expenses. For example, in 2023, assets were $99,098,241 while expenses were $6,293,196, indicating a substantial endowment or investment portfolio supporting its operations.
What is the trend in Royce Family Fund Inc.'s revenue and expenses?
Revenue has fluctuated significantly over the years, ranging from a low of $1,475,446 in 2022 to a high of $18,709,994 in 2012. Expenses have been more consistent, generally ranging between $5 million and $7 million annually, with a peak of $7,930,265 in 2013 and $7,007,903 in 2019.
Filing History
IRS 990 filing history for Royce Family Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Royce Family Fund Inc's revenue has declined by 81.2%, moving from $9.2M to $1.7M. Total assets increased by 10.9% over the same period, from $89.3M to $99.1M. Total functional expenses rose by 24%, from $5.1M to $6.3M. In its most recent filing year (2023), Royce Family Fund Inc reported a deficit of $4.6M, with expenses exceeding revenue. The organization holds $42K in liabilities against $99.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $99.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $6.3M | $99.1M | $42K | — | View 990 |
| 2022 | $1.5M | $5.4M | $112.5M | $43K | — | View 990 |
| 2021 | $8.5M | $6.2M | $116.1M | $42K | — | View 990 |
| 2020 | $5.4M | $5.8M | $113.5M | $42K | — | View 990 |
| 2019 | $3.3M | $7.0M | $114.7M | $42K | — | View 990 |
| 2015 | $13.0M | $6.6M | $117.9M | $42K | — | View 990 |
| 2014 | $18.6M | $5.7M | $120.5M | $42K | — | View 990 |
| 2013 | $12.9M | $7.9M | $109.5M | $42K | — | View 990 |
| 2012 | $18.7M | $6.4M | $98.7M | $0 | — | View 990 |
| 2011 | $9.2M | $5.1M | $89.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $6.3M, and assets of $99.1M (revenue +17.0% year-over-year).
- 2022: Revenue of $1.5M, expenses of $5.4M, and assets of $112.5M (revenue -82.6% year-over-year).
- 2021: Revenue of $8.5M, expenses of $6.2M, and assets of $116.1M (revenue +56.0% year-over-year).
- 2020: Revenue of $5.4M, expenses of $5.8M, and assets of $113.5M (revenue +65.8% year-over-year).
- 2019: Revenue of $3.3M, expenses of $7.0M, and assets of $114.7M (revenue -74.8% year-over-year).
- 2015: Revenue of $13.0M, expenses of $6.6M, and assets of $117.9M (revenue -29.8% year-over-year).
- 2014: Revenue of $18.6M, expenses of $5.7M, and assets of $120.5M (revenue +44.4% year-over-year).
- 2013: Revenue of $12.9M, expenses of $7.9M, and assets of $109.5M (revenue -31.3% year-over-year).
- 2012: Revenue of $18.7M, expenses of $6.4M, and assets of $98.7M (revenue +104.0% year-over-year).
- 2011: Revenue of $9.2M, expenses of $5.1M, and assets of $89.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Royce Family Fund Inc:
Data Sources and Methodology
This transparency report for Royce Family Fund 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.