Association of Small Foundations is a 501(c)(3) organization based in Washington, District of Columbia, registered in 1996, with $3,730,408 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$3.7M
▲ 7.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$3.9M
Net assets
$2.8M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Association of Small Foundations— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Association of Small Foundations: 8 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Association of Small Foundations— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Association of Small Foundations: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $3.0M (FY2013) to $3.7M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-4.6%
Spent more than it raised in the latest fiscal year.
Total assets
$3.7M
Total liabilities
$952K
Net assets
$2.8M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,730,408▲7.5% | $3,903,813▲5.3% | $2,764,719▼12.1% | $3,716,252▼8.9% | 990 |
| 2023 | $3,470,895▲31.1% | $3,707,406▼4.8% | $3,144,823▼24.3% | $4,079,026▼20.8% | 990 |
| 2022 | $2,648,014▼50.3% | $3,892,723▲33.0% | $4,152,410▼25.6% | $5,151,279▼21.9% | 990 |
| 2021 | $5,328,346▲92.1% | $2,927,760▼6.3% | $5,584,640▲65.8% | $6,598,836▲41.8% | 990 |
| 2020 | $2,774,425▼11.5% | $3,123,092▼12.4% | $3,367,898▼13.6% | $4,653,802▼6.1% | 990 |
| 2019 | $3,133,775▼22.7% | $3,564,176▼7.4% | $3,896,805▲17.0% | $4,954,680▲11.0% | 990 |
| 2018 | $4,053,692▲10.6% | $3,850,946▲16.4% | $3,329,590▼0.6% | $4,462,952▲3.0% | 990 |
| 2017 | $3,663,606▼6.7% | $3,308,612▼7.2% | $3,348,236▲4.3% | $4,332,012▲2.6% | 990 |
| 2016 | $3,926,432▲20.2% | $3,565,042▲9.1% | $3,210,292▲57.6% | $4,223,963▲32.4% | 990 |
| 2015 | $3,265,807▼18.4% | $3,269,066▼8.3% | $2,037,169▼17.4% | $3,189,853▼11.5% | 990 |
| 2014 | $4,001,960▲32.2% | $3,565,791▲20.9% | $2,466,313▲0.9% | $3,604,029▲6.9% | 990 |
| 2013 | $3,026,822 | $2,949,797▼16.6% | $2,443,626▼11.7% | $3,371,865▼9.9% | 990 |
| 2012 | — | $3,537,480▲18.9% | $2,768,026▼13.9% | $3,740,700▼8.5% | 990 |
| 2011 | — | $2,974,190 | $3,216,008 | $4,086,133 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
16 grants to Association of Small Foundations totaling $3.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Borealis Philanthropy | To support the work of association of small foundations | 2024 | $204,000 |
| Greater Horizons | Public, societal benefit | 2024 | $8,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2023 | $7,500 |
| Borealis Philanthropy | To support the work of association of small foundations | 2022 | $50,000 |
| Borealis Philanthropy | To support the work of association of small foundations d/b/a exponent philanthropy | 2021 | $250,000 |
| National Philanthropic Tr | Human services | 2020 | $2,000,000 |
| Borealis Philanthropy | To support the work of association of small foundations d/b/a exponent philanthropy | 2020 | $40,000 |
| Borealis Philanthropy | To support the work of association of small foundations dba exponent philanthropy | 2019 | $85,000 |
| Borealis Philanthropy | To support the work of association of small foundations dba exponent philanthropy | 2018 | $400,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $9,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2017 | $130,400 |
| Rockefeller Philanthropy Advisors Inc | Support | 2016 | $122,000 |
| Rockefeller Philanthropy Advisors Inc | Support | 2015 | $25,000 |
| Network For Good Inc | Unrestricted | 2015 | $7,324 |
| Helios Education Foundation | Education and community alignment | 2014 | $7,500 |
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Data for Association of Small Foundations (EIN 65-0617866) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.