The Harold Grinspoon Charitable Foundation
The Harold Grinspoon Charitable Foundation: Consistent Giving, Lean Operations
EIN: 222738277 · Agawam, MA · NTEE: T20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.5M |
| Program Spending | 90% |
| Net Assets | $13.8M |
| Transparency Score | 85/100 |
Is The Harold Grinspoon Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Harold Grinspoon Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Harold Grinspoon Charitable Foundation
The Harold Grinspoon Charitable Foundation (EIN: 222738277) is a nonprofit organization based in Agawam, MA, classified under NTEE code T20. The organization reported total revenue of $2.9M and total assets of $18.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Harold Grinspoon Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Harold Grinspoon Charitable Foundation 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 -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-609,980 |
| Total Assets | $15.7M |
| Total Liabilities | $1.9M |
| Net Assets | $13.8M |
| Operating Margin | -32.9% |
| Debt-to-Asset Ratio | 11.8% |
| Months of Reserves | 76.3 months |
Financial Health Grade: B
In 2023, The Harold Grinspoon Charitable Foundation reported a deficit of $610K with expenses exceeding revenue, holds 76.3 months of operating reserves (strong position), has a debt-to-asset ratio of 11.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Harold Grinspoon Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.7% | +16.5% | +10.5% |
| 2022 | -51.4% | +93.3% | -14.6% |
| 2021 | +158.7% | -23.1% | +18.4% |
| 2020 | -2.7% | -20.8% | +7.8% |
| 2019 | +8.7% | +8.8% | +38.0% |
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 The Harold Grinspoon Charitable Foundation 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, The Harold Grinspoon Charitable Foundation 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 $610K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.8%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the low administrative costs suggest a lean operational structure.
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.
Strengths
The following positive indicators were identified for The Harold Grinspoon Charitable Foundation:
- Consistent revenue generation over multiple years, demonstrating stable funding.
- Very low administrative and fundraising costs (0% fundraising reported), maximizing funds for programs.
- Significant asset base (e.g., $18,458,358 in 2023) provides long-term stability.
- Consistent program spending relative to revenue, indicating a steady commitment to its mission.
Frequently Asked Questions about The Harold Grinspoon Charitable Foundation
Is The Harold Grinspoon Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Harold Grinspoon Charitable Foundation (EIN: 222738277) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does The Harold Grinspoon Charitable Foundation spend its money?
The Harold Grinspoon Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Harold Grinspoon Charitable Foundation tax-deductible?
The Harold Grinspoon Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 222738277). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Harold Grinspoon Charitable Foundation's spending goes to programs?
The Harold Grinspoon Charitable Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Harold Grinspoon Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Harold Grinspoon Charitable Foundation 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 The Harold Grinspoon Charitable Foundation located?
The Harold Grinspoon Charitable Foundation is headquartered in Agawam, Massachusetts and files with the IRS under EIN 222738277. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Harold Grinspoon Charitable Foundation have?
The Harold Grinspoon Charitable Foundation 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 $2.9M in total revenue.
What does The Harold Grinspoon Charitable Foundation do?
The Harold Grinspoon Charitable Foundation is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Agawam, Massachusetts. It is classified under NTEE code T20.
How much revenue does The Harold Grinspoon Charitable Foundation have?
The Harold Grinspoon Charitable Foundation reported total revenue of $2,932,642. Based on 10 IRS 990 filings on record.
What are The Harold Grinspoon Charitable Foundation's total assets?
The Harold Grinspoon Charitable Foundation holds total assets of $18,458,358 as reported in IRS 990 filings.
Where is The Harold Grinspoon Charitable Foundation located?
The Harold Grinspoon Charitable Foundation is based in Agawam, Massachusetts.
What is The Harold Grinspoon Charitable Foundation's EIN?
The Harold Grinspoon Charitable Foundation's Employer Identification Number (EIN) is 222738277. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Harold Grinspoon Charitable Foundation?
The Harold Grinspoon Charitable Foundation is classified under NTEE code T20 (Philanthropy, Voluntarism & Grantmaking).
Is The Harold Grinspoon Charitable Foundation a registered 501(c)(3)?
Yes, The Harold Grinspoon Charitable Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222738277.
Does The Harold Grinspoon Charitable Foundation file IRS Form 990?
Yes, The Harold Grinspoon Charitable Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was The Harold Grinspoon Charitable Foundation's revenue in 2023?
In the 202308 filing period, The Harold Grinspoon Charitable Foundation reported total revenue of $1,854,740, total expenses of $2,464,720, and net assets of $15,673,879.
Is The Harold Grinspoon Charitable Foundation's revenue growing or declining?
The Harold Grinspoon Charitable Foundation's revenue is declining. Revenue went from $2,200,789 (202208) to $1,854,740 (202308), a -15.7% change. Based on 10 filings on record.
What is The Harold Grinspoon Charitable Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for The Harold Grinspoon Charitable Foundation covers tax period 202308. It shows revenue of $1,854,740, expenses of $2,464,720, total assets of $15,673,879, and liabilities of $1,856,078.
How much does The Harold Grinspoon Charitable Foundation spend on programs vs administration?
Based on IRS 990 analysis, The Harold Grinspoon Charitable Foundation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is The Harold Grinspoon Charitable Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, The Harold Grinspoon Charitable Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are The Harold Grinspoon Charitable Foundation's strengths?
Positive indicators for The Harold Grinspoon Charitable Foundation include: Consistent revenue generation over multiple years, demonstrating stable funding.. Very low administrative and fundraising costs (0% fundraising reported), maximizing funds for programs.. Significant asset base (e.g., $18,458,358 in 2023) provides long-term stability.. Consistent program spending relative to revenue, indicating a steady commitment to its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does The Harold Grinspoon Charitable Foundation compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the low administrative costs suggest a lean operational structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is The Harold Grinspoon Charitable Foundation?
- Financial statements are publicly available through IRS Form 990 filings. - The foundation consistently reports 0% fundraising costs, indicating efficient operations. - Detailed program expenses are clearly outlined in the filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the foundation maintain 0% fundraising costs, and what implications does this have for its long-term sustainability and growth?
The consistent reporting of 0% fundraising costs suggests the foundation primarily relies on endowment income or direct, non-solicited contributions. While highly efficient, this model might limit scalability if the foundation seeks to significantly expand its reach beyond its current funding mechanisms without incurring some fundraising expenses.
Given the fluctuation in revenue (e.g., $4,531,961 in 2021 vs. $1,751,572 in 2020), how does the foundation manage its program spending to ensure consistent impact?
The foundation appears to manage fluctuations in revenue by maintaining a substantial asset base. This allows for consistent program spending even in years with lower revenue, drawing from its assets to ensure ongoing support for its initiatives, as seen by consistent program expenses despite varying income.
Filing History
IRS 990 filing history for The Harold Grinspoon Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Harold Grinspoon Charitable Foundation's revenue has declined by 21%, moving from $2.3M to $1.9M. Total assets increased by 117.7% over the same period, from $7.2M to $15.7M. Total functional expenses rose by 238.2%, from $729K to $2.5M. In its most recent filing year (2023), The Harold Grinspoon Charitable Foundation reported a deficit of $610K, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $15.7M in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $13.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.5M | $15.7M | $1.9M | — | View 990 |
| 2022 | $2.2M | $2.1M | $14.2M | $829K | — | View 990 |
| 2021 | $4.5M | $1.1M | $16.6M | $606K | — | View 990 |
| 2020 | $1.8M | $1.4M | $14.0M | $794K | — | — |
| 2019 | $1.8M | $1.8M | $13.0M | $633K | — | View 990 |
| 2015 | $1.7M | $1.7M | $9.4M | $1.1M | — | View 990 |
| 2014 | $2.0M | $992K | $10.0M | $711K | — | View 990 |
| 2013 | $1.3M | $1.6M | $8.4M | $663K | — | View 990 |
| 2012 | $1.1M | $513K | $7.7M | $57K | — | View 990 |
| 2011 | $2.3M | $729K | $7.2M | $497K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.5M, and assets of $15.7M (revenue -15.7% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $14.2M (revenue -51.4% year-over-year).
- 2021: Revenue of $4.5M, expenses of $1.1M, and assets of $16.6M (revenue +158.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.4M, and assets of $14.0M (revenue -2.7% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $13.0M (revenue +8.7% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $9.4M (revenue -17.3% year-over-year).
- 2014: Revenue of $2.0M, expenses of $992K, and assets of $10.0M (revenue +52.7% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.6M, and assets of $8.4M (revenue +18.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $513K, and assets of $7.7M (revenue -52.6% year-over-year).
- 2011: Revenue of $2.3M, expenses of $729K, and assets of $7.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Harold Grinspoon Charitable Foundation:
Data Sources and Methodology
This transparency report for The Harold Grinspoon 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.