William T Grant Foundation Inc
William T Grant Foundation maintains stable expenses amidst fluctuating revenue, holding over $400 million in assets.
EIN: 131624021 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $49.1M |
| Total Expenses | $23.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $400 |
| Net Assets | $372.7M |
| Transparency Score | 90/100 |
Is William T Grant Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William T Grant Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William T Grant Foundation Inc
William T Grant Foundation Inc (EIN: 131624021) is a nonprofit organization based in New York, NY. The organization reported total revenue of $49.1M and total assets of $420.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William T Grant Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William T Grant Foundation Inc is a large nonprofit that has been operating for 88 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.9M |
| Total Expenses | $23.6M |
| Surplus / Deficit | $-3,676,903 |
| Total Assets | $403.1M |
| Total Liabilities | $30.4M |
| Net Assets | $372.7M |
| Operating Margin | -18.5% |
| Debt-to-Asset Ratio | 7.5% |
| Months of Reserves | 205.3 months |
Financial Health Grade: B
In 2023, William T Grant Foundation Inc reported a deficit of $3.7M with expenses exceeding revenue, holds 205.3 months of operating reserves (strong position), has a debt-to-asset ratio of 7.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), William T Grant Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.0% | +7.5% | +4.2% |
| 2022 | -73.2% | +1.4% | -14.4% |
| 2021 | +269.8% | +5.1% | +11.4% |
| 2020 | -38.3% | +2.3% | +14.9% |
| 2019 | +64.7% | +6.2% | +14.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
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 William T Grant Foundation Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, William T Grant Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $3.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.5%.
Executive Compensation Analysis
The provided data consistently shows 0% for officer compensation across all filings, which is highly unusual for an organization with assets exceeding $400 million and annual expenses over $20 million. This suggests either executive compensation is reported under a different category, is exceptionally low, or is not applicable in the way 'Officer Comp' is defined in this dataset.
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 William T Grant Foundation Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure actual executive pay if categorized elsewhere.
Strengths
The following positive indicators were identified for William T Grant Foundation Inc:
- Strong and growing asset base, exceeding $400 million, indicating robust financial stability.
- Consistent expense management, with annual expenses remaining stable despite revenue volatility.
- Significant financial capacity for long-term programmatic impact due to substantial assets.
- Apparent commitment to program spending, typical for a grant-making foundation.
Frequently Asked Questions about William T Grant Foundation Inc
Is William T Grant Foundation Inc a legitimate charity?
William T Grant Foundation Inc (EIN: 131624021) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $49.1M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does William T Grant Foundation Inc spend its money?
William T Grant Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to William T Grant Foundation Inc tax-deductible?
William T Grant Foundation Inc is registered as a tax-exempt nonprofit (EIN: 131624021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the William T Grant Foundation Inc CEO make?
William T Grant Foundation Inc's highest-compensated officer earns $400 annually. The organization reported $49.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of William T Grant Foundation Inc's spending goes to programs?
William T Grant Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is William T Grant Foundation Inc located?
William T Grant Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 131624021.
How many years of IRS 990 filings does William T Grant Foundation Inc have?
William T Grant 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 $49.1M in total revenue.
How does the William T Grant Foundation Inc manage its significant revenue fluctuations?
The foundation appears to manage revenue fluctuations by maintaining relatively stable expense levels, typically around $20-23 million annually, suggesting a reliance on its substantial asset base to smooth out operational funding.
What is the actual executive compensation for the William T Grant Foundation Inc?
Based on the provided data, officer compensation is consistently reported as 0%. This is highly unusual for an organization of this size and suggests that executive salaries may be categorized differently or are not included in this specific 'Officer Comp' metric.
What is the foundation's strategy for maintaining its large asset base?
The foundation's assets have grown from $277 million in 2011 to over $400 million in 2023, indicating successful investment strategies and potentially a focus on endowment growth to ensure long-term sustainability and grant-making capacity.
Filing History
IRS 990 filing history for William T Grant Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William T Grant Foundation Inc's revenue has grown by 2.4%, moving from $19.4M to $19.9M. Total assets increased by 45.2% over the same period, from $277.7M to $403.1M. Total functional expenses rose by 60.6%, from $14.7M to $23.6M. In its most recent filing year (2023), William T Grant Foundation Inc reported a deficit of $3.7M, with expenses exceeding revenue. The organization holds $30.4M in liabilities against $403.1M in assets (debt-to-asset ratio: 7.5%), resulting in net assets of $372.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.9M | $23.6M | $403.1M | $30.4M | — | View 990 |
| 2022 | $17.1M | $21.9M | $386.8M | $30.7M | — | View 990 |
| 2021 | $64.0M | $21.6M | $451.9M | $21.9M | — | View 990 |
| 2020 | $17.3M | $20.6M | $405.7M | $20.7M | — | View 990 |
| 2019 | $28.1M | $20.1M | $353.2M | $18.9M | — | — |
| 2015 | $17.1M | $18.9M | $309.9M | $16.1M | — | View 990 |
| 2014 | $23.6M | $17.7M | $332.6M | $15.1M | — | View 990 |
| 2013 | $26.9M | $17.5M | $324.4M | $16.1M | — | View 990 |
| 2012 | $17.3M | $17.0M | $292.0M | $14.3M | — | View 990 |
| 2011 | $19.4M | $14.7M | $277.7M | $12.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.9M, expenses of $23.6M, and assets of $403.1M (revenue +16.0% year-over-year).
- 2022: Revenue of $17.1M, expenses of $21.9M, and assets of $386.8M (revenue -73.2% year-over-year).
- 2021: Revenue of $64.0M, expenses of $21.6M, and assets of $451.9M (revenue +269.8% year-over-year).
- 2020: Revenue of $17.3M, expenses of $20.6M, and assets of $405.7M (revenue -38.3% year-over-year).
- 2019: Revenue of $28.1M, expenses of $20.1M, and assets of $353.2M (revenue +64.7% year-over-year).
- 2015: Revenue of $17.1M, expenses of $18.9M, and assets of $309.9M (revenue -27.7% year-over-year).
- 2014: Revenue of $23.6M, expenses of $17.7M, and assets of $332.6M (revenue -12.4% year-over-year).
- 2013: Revenue of $26.9M, expenses of $17.5M, and assets of $324.4M (revenue +55.3% year-over-year).
- 2012: Revenue of $17.3M, expenses of $17.0M, and assets of $292.0M (revenue -10.7% year-over-year).
- 2011: Revenue of $19.4M, expenses of $14.7M, and assets of $277.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William T Grant Foundation Inc:
Data Sources and Methodology
This transparency report for William T Grant 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.