Philanthropy & Grantmaking
(T21Z)
990 on File
VERIZON FOUNDATION
Financial strength (30%)
66/100
Reliability (20%)
55/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$7.5M
Total Revenue
$7.4M
Total Expenses
$24.4M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
102.7%
Fundraising Efficiency
N/A
Operating Reserve
39.40x
Liability-to-Asset
6.2%
Revenue Diversification
83.9%
Executive Compensation
$0
Compared with Peers
FY 2023
Compared with 7,741 similar organizations
(United States, Philanthropy & Grantmaking, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
102.7% | 91.8% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
39.4 mo | 80.2 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
6.2% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
83.9% | 90.3% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
11.5% | 3.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
41.4% | 6.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.4% | -4.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $7.5M | $7.4M | $24.4M | 102.7% | — |
| 2022 | $6.7M | $5.2M | $24.2M | 120.1% | — |
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