Philanthropy & Grantmaking
(T20)
990 on File
2040 FOUNDATION INC
Financial strength (30%)
87/100
Reliability (20%)
50/100
Effectiveness (25%)
75/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$805K
Total Revenue
$14.7M
Total Expenses
$90.7M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
89.6%
Fundraising Efficiency
N/A
Operating Reserve
74.04x
Liability-to-Asset
0.1%
Revenue Diversification
100.0%
Compared with Peers
FY 2024
Compared with 923 similar organizations
(United States, Philanthropy & Grantmaking, $10M–$100M in expenses), FY 2024.
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
|
89.6% | 91.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.4% | 6.2% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 2.2% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
74.0 mo | 70.2 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.1% | 2.5% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 88.2% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
104.9% | 17.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-11.0% | 10.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-1725.3% | 6.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $805K | $14.7M | $90.7M | 89.6% | 0 |
| 2023 | $393K | $16.5M | $99.7M | 91.6% | 0 |
| 2022 | $-421,090 | $17.3M | $107.7M | 93.4% | 0 |
| 2021 | $2.3M | $21.0M | N/A | — | 0 |
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