Grace R Ross Foundation
501(c)(92)
Only null% goes to programs Strong reserves Declining revenue
Grace R Ross Foundation is a 501(c)(92) organization based in Chicago, Illinois, with $37,192 in FY2024 revenue. CharityIndex grades it C+.
10 S Dearborn Il1-0111, Chicago, IL, 60603 EIN 38-6040221
Revenue (FY2024)
$37K
▲ 39.6% vs prior year
Expenses (FY2024)
$26K
Net assets
$498K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Grace R Ross Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating228 mo reserves · +30% margin
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 Grace R Ross Foundation: 228 mo reserves · +30% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Grace R Ross Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Grace R Ross Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $33K (FY2020) to $37K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $498K
Operating margin
29.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$498K
Total liabilities
$0
Net assets
$498K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $37,192▲39.6% | $26,182▲12.4% | $497,969▲3.6% | $497,969▲3.6% | 990PF |
| 2023 | $26,642▼12.7% | $23,288▼10.8% | $480,709▼0.1% | $480,709▼0.1% | 990PF |
| 2022 | $30,509▼40.3% | $26,104▲8.1% | $480,979▲1.3% | $480,979▲1.3% | 990PF |
| 2021 | $51,072▲53.3% | $24,139▲3.9% | $474,718▲5.6% | $474,718▲5.6% | 990PF |
| 2020 | $33,309 | $23,243 | $449,466 | $449,466 | 990PF |
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.
Frequently asked questions
- Is Grace R Ross Foundation a legitimate nonprofit?
- Yes. Grace R Ross Foundation is a 501(c)(92) organization registered with the U.S. Internal Revenue Service under EIN 38-6040221, based in Chicago, Illinois.
- What is Grace R Ross Foundation's EIN?
- Grace R Ross Foundation's Employer Identification Number (EIN) is 38-6040221.
- How much revenue does Grace R Ross Foundation report?
- Grace R Ross Foundation reported $37,192 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Grace R Ross Foundation have?
- CharityIndex grades Grace R Ross Foundation C+, based on financial health (reserves and operating margin).
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Data for Grace R Ross Foundation (EIN 38-6040221) 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.