Philanthropy & Grantmaking
(T90)
990 on File
FORMAN FAM FOUNDATION TR 12112013
Financial strength (30%)
78/100
Reliability (20%)
50/100
Effectiveness (25%)
31/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$2.4M
Total Revenue
$2.2M
Total Expenses
$48.3M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
60.7%
Fundraising Efficiency
N/A
Operating Reserve
266.14x
Liability-to-Asset
0.3%
Revenue Diversification
107.2%
Executive Compensation
$22K
Compared with Peers
FY 2023
Compared with 7,743 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
|
60.7% | 91.8% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
266.1 mo | 80.3 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.3% | 0.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
107.2% | 90.3% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
2.4% | 3.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-75.6% | 6.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
10.9% | -4.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $2.4M | $2.2M | $48.3M | 60.7% | — |
| 2022 | $2.4M | $8.9M | $46.7M | 18.5% | — |
| 2020 | $18K | $13.8M | $48.7M | 94.8% | — |
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