Ithuriel Fund is a 501(c)(3) organization based in Old Greenwich, Connecticut, registered in 2022, with $4,482,147 in FY2023 revenue. CharityIndex grades it C, and it directs about 14% of spending to programs.
Revenue (FY2023)
$4.5M
▲ 115.9% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$589K
Net assets
$76.8M
Employees
2
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. For Ithuriel Fund: 14% to programs earns a F on this criterion. 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 Ithuriel Fund: 1564 mo reserves · +87% 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. For Ithuriel Fund: 2 of 6 checks met earns a C on this criterion. 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 Ithuriel Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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The fund was formed to make grants to domestic nonprofit organizations (continued on schedule o) that are organized and operated exclusively for charitable, religious, and educational purposes, including but not limited to those dedicated to advancing educational, cultural, and religious causes.
Revenue declined from $71.9M (FY2021) to $4.5M (FY2023) across 3 reported years.
Financial snapshot
Operating margin
86.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$76.8M
Total liabilities
$0
Net assets
$76.8M
Salaries & benefits
$169K
29% of expenses
Board members
3
3 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,482,147▲116% | $588,991▲515% | $76,784,541▲7.7% | $76,784,541▲7.7% | 990 |
| 2022 | $2,075,923▼97.1% | $95,741 | $71,273,130▼0.8% | $71,273,130▼0.8% | 990 |
| 2021 | $71,861,145 | $0 | $71,861,145 | $71,861,145 | 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.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Albertus Horsting | Secretary, Treasurer & Director | 1 | — |
| John Wolfe Jr | President & Director | 1 | — |
| William Grace | Director | 1 | — |
| Contractor | Services | Paid |
|---|---|---|
| Pillsbury Winthrop Shaw Pittman LLP | Legal Services | $111,497 |
1 grant to Ithuriel Fund totaling $8.4M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Giving and generosity | 2024 | $8,400,000 |
1 grant totaling $10K in FY2023. All grants made by Ithuriel Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| Catholic Sacred Music Project Inc | General support | $10,000 |
Explore more
Data for Ithuriel Fund (EIN 87-3985820) 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.