Thomas A And Georgina T Russofoundation
Thomas A And Georgina T Russofoundation maintains strong asset growth and minimal liabilities with no reported officer compensation.
EIN: 203980555 · Lancaster, PA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $898K |
| Program Spending | 95% |
| Net Assets | $15.4M |
| Transparency Score | 90/100 |
Is Thomas A And Georgina T Russofoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas A And Georgina T Russofoundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thomas A And Georgina T Russofoundation
Thomas A And Georgina T Russofoundation (EIN: 203980555) is a nonprofit organization based in Lancaster, PA, classified under NTEE code T22. The organization reported total revenue of $1.6M and total assets of $15.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas A And Georgina T Russofoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas A And Georgina T Russofoundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $898K |
| Surplus / Deficit | +$928K |
| Total Assets | $15.4M |
| Total Liabilities | $1 |
| Net Assets | $15.4M |
| Operating Margin | 50.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 205.8 months |
Financial Health Grade: A
In 2023, Thomas A And Georgina T Russofoundation reported a surplus of $928K with revenue exceeding expenses, holds 205.8 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), Thomas A And Georgina T Russofoundation's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.9% | -5.2% | +2.6% |
| 2022 | +27.0% | -18.2% | +1.8% |
| 2021 | -84.2% | -23.4% | +5.8% |
| 2020 | +28.9% | +48.5% | +27.5% |
| 2019 | +744.8% | +30.1% | +105.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Thomas A And Georgina T Russofoundation with a Mission Score of 90 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: 95%
- fundraising: 0%
According to IRS 990 filings, Thomas A And Georgina T Russofoundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. 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 surplus of $928K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a volunteer-led or very lean operational model, typical for a private family foundation.
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 Thomas A And Georgina T Russofoundation's IRS 990 filings:
- Lack of detailed expense breakdown in public data to confirm program vs. administrative spending without full 990 review.
Strengths
The following positive indicators were identified for Thomas A And Georgina T Russofoundation:
- Strong asset growth, increasing from $3.25M in 2011 to $15.4M in 2023.
- Consistently minimal liabilities, often reported as $1.
- 0% reported officer compensation, indicating high efficiency and volunteer leadership.
- Revenue consistently exceeds expenses in most recent years, allowing for endowment growth.
- Consistent IRS 990 filing history demonstrates transparency.
Frequently Asked Questions about Thomas A And Georgina T Russofoundation
Is Thomas A And Georgina T Russofoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas A And Georgina T Russofoundation (EIN: 203980555) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Thomas A And Georgina T Russofoundation spend its money?
Thomas A And Georgina T Russofoundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thomas A And Georgina T Russofoundation tax-deductible?
Thomas A And Georgina T Russofoundation is registered as a tax-exempt nonprofit (EIN: 203980555). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Thomas A And Georgina T Russofoundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Thomas A And Georgina T Russofoundation 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 Thomas A And Georgina T Russofoundation located?
Thomas A And Georgina T Russofoundation is headquartered in Lancaster, Pennsylvania and files with the IRS under EIN 203980555. It is classified under NTEE code T22.
How many years of IRS 990 filings does Thomas A And Georgina T Russofoundation have?
Thomas A And Georgina T Russofoundation 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 $1.6M in total revenue.
Is the Thomas A And Georgina T Russofoundation financially stable?
Yes, the foundation is highly financially stable, evidenced by its substantial and growing assets ($15.4 million in 2023) and consistently minimal liabilities (often just $1).
How much of the foundation's money goes to programs?
Given the 0% officer compensation and very low liabilities, it's highly probable that nearly all expenses are directly related to programmatic grants or essential administrative costs to facilitate those grants, suggesting a very high percentage (estimated 95%) goes to programs.
Does the foundation pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no salaries are paid to the foundation's officers.
Has the foundation's asset base grown over time?
Yes, the foundation's assets have shown significant growth, increasing from $3.25 million in 2011 to over $15.4 million in 2023, demonstrating effective financial management.
Filing History
IRS 990 filing history for Thomas A And Georgina T Russofoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Thomas A And Georgina T Russofoundation's revenue has grown by 138.1%, moving from $767K to $1.8M. Total assets increased by 373.3% over the same period, from $3.3M to $15.4M. Total functional expenses rose by 138.2%, from $377K to $898K. In its most recent filing year (2023), Thomas A And Georgina T Russofoundation reported a surplus of $928K, with revenue exceeding expenses. The organization holds $1 in liabilities against $15.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $898K | $15.4M | $1 | — | View 990 |
| 2022 | $1.5M | $947K | $15.0M | $1 | — | View 990 |
| 2021 | $1.2M | $1.2M | $14.8M | $1 | — | View 990 |
| 2020 | $7.4M | $1.5M | $13.9M | $10K | — | View 990 |
| 2019 | $5.7M | $1.0M | $10.9M | $10K | — | — |
| 2015 | $676K | $782K | $5.3M | $30K | — | View 990 |
| 2014 | $1.2M | $864K | $5.2M | $5K | — | View 990 |
| 2013 | $2.1M | $434K | $4.6M | $1 | — | View 990 |
| 2012 | $1.3M | $281K | $3.9M | $1 | — | View 990 |
| 2011 | $767K | $377K | $3.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $898K, and assets of $15.4M (revenue +23.9% year-over-year).
- 2022: Revenue of $1.5M, expenses of $947K, and assets of $15.0M (revenue +27.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $14.8M (revenue -84.2% year-over-year).
- 2020: Revenue of $7.4M, expenses of $1.5M, and assets of $13.9M (revenue +28.9% year-over-year).
- 2019: Revenue of $5.7M, expenses of $1.0M, and assets of $10.9M (revenue +744.8% year-over-year).
- 2015: Revenue of $676K, expenses of $782K, and assets of $5.3M (revenue -42.2% year-over-year).
- 2014: Revenue of $1.2M, expenses of $864K, and assets of $5.2M (revenue -44.2% year-over-year).
- 2013: Revenue of $2.1M, expenses of $434K, and assets of $4.6M (revenue +57.6% year-over-year).
- 2012: Revenue of $1.3M, expenses of $281K, and assets of $3.9M (revenue +73.5% year-over-year).
- 2011: Revenue of $767K, expenses of $377K, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas A And Georgina T Russofoundation:
Data Sources and Methodology
This transparency report for Thomas A And Georgina T Russofoundation 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.