Sumner M Redstone Charitable Foundation

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Sumner M Redstone Charitable Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Sumner M Redstone Charitable Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Sumner M Redstone Charitable Foundation in one place.

Is Sumner M Redstone Charitable Foundation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Sumner M Redstone Charitable Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Sumner M Redstone Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Sumner M Redstone Charitable Foundation

Sumner M Redstone Charitable Foundation (EIN: 222761621) is a nonprofit organization based in Chestnut Hill, MA. The organization reported total revenue of $14.5M and total assets of $57.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sumner M Redstone Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Sumner M Redstone Charitable Foundation is a large 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 -21.6%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Sumner M Redstone Charitable Foundation reported a deficit of $785K with expenses exceeding revenue, holds 338.3 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), Sumner M Redstone Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -21.6%.

IRS Tax-Exempt Classification

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 Sumner M Redstone Charitable Foundation with a Mission Score of 65 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: 3%
• programs: 95%
• fundraising: 2%

According to IRS 990 filings, Sumner M Redstone Charitable Foundation allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% 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 $785K, with expenses exceeding revenue.
• Debt-to-asset ratio: 0.0%.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, suggesting either a volunteer-led board or compensation handled by an external entity, which warrants further investigation for full transparency.

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 Sumner M Redstone Charitable Foundation's IRS 990 filings:

• Lack of readily available public website or detailed program information beyond financial filings.
• Consistent reporting of $0 for executive compensation without clear explanation of how leadership is supported or compensated indirectly.
• Absence of a formal process for determining executive compensation, raising questions about governance best practices.

Strengths

The following positive indicators were identified for Sumner M Redstone Charitable Foundation:

• Significant asset base of $57,387,952 (2023) provides substantial capacity for future charitable activities.
• Consistently low administrative and fundraising expenses, indicating a high percentage of spending directed towards programs.
• History of substantial contributions and grants, demonstrating active philanthropic engagement.

Frequently Asked Questions about Sumner M Redstone Charitable Foundation

Filing History

IRS 990 filing history for Sumner M Redstone Charitable Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Sumner M Redstone Charitable Foundation's revenue has declined by 94.6%, moving from $22.2M to $1.2M. Total assets increased by 7236.9% over the same period, from $759K to $55.7M. Total functional expenses fell by 93.1%, from $28.5M to $2.0M. In its most recent filing year (2023), Sumner M Redstone Charitable Foundation reported a deficit of $785K, with expenses exceeding revenue. The organization holds $1 in liabilities against $55.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $55.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.2M, expenses of $2.0M, and assets of $55.7M (revenue -79.0% year-over-year).
• 2022: Revenue of $5.7M, expenses of $4.7M, and assets of $56.4M (revenue -90.0% year-over-year).
• 2021: Revenue of $56.8M, expenses of $3.5M, and assets of $55.5M (revenue +726265.1% year-over-year).
• 2020: Revenue of $8K, expenses of $4K, and assets of $2.1M (revenue -88.6% year-over-year).
• 2019: Revenue of $69K, expenses of $5.0M, and assets of $2.1M (revenue -99.8% year-over-year).
• 2015: Revenue of $28.2M, expenses of $19.5M, and assets of $10.8M (revenue +0.3% year-over-year).
• 2014: Revenue of $28.1M, expenses of $31.6M, and assets of $2.8M (revenue +170.7% year-over-year).
• 2013: Revenue of $10.4M, expenses of $10.9M, and assets of $6.4M (revenue -67.9% year-over-year).
• 2012: Revenue of $32.3M, expenses of $29.9M, and assets of $7.0M (revenue +45.9% year-over-year).
• 2011: Revenue of $22.2M, expenses of $28.5M, and assets of $759K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Sumner M Redstone Charitable Foundation:

Data Sources and Methodology

This transparency report for Sumner M Redstone Charitable 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.