James W and Frances Gibson Mcglothlin Foundation
Only null% goes to programs Strong reserves Growing revenue
James W and Frances Gibson Mcglothlin Foundation is a 501(c)(3) organization based in Bristol, Virginia, registered in 2009, with $2,862,404 in FY2023 revenue. CharityIndex grades it D.
295 United Ave, Bristol, VA, 24201 EIN 26-3533035 Since 2009
Revenue (FY2023)
$2.9M
▼ 71.9% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$3.9M
Net assets
$51.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 James W and Frances Gibson Mcglothlin Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating162 mo reserves · -35% 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 James W and Frances Gibson Mcglothlin Foundation: 162 mo reserves · -35% margin earns a D 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 James W and Frances Gibson Mcglothlin 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 James W and Frances Gibson Mcglothlin Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 295 United Ave, Bristol, VA, 24201
- City
- Bristol
- State
- Virginia
- Subcategory
- Philanthropy Programs
Financial trends
Revenue declined from $5.0M (FY2013) to $2.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $559KNet assets $51.8M
Operating margin
-34.5%
Spent more than it raised in the latest fiscal year.
Total assets
$52.4M
Total liabilities
$559K
Net assets
$51.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,862,404▼71.9% | $3,850,369▲5.0% | $51,824,421▲5.3% | $52,382,939▲4.5% | 990PF |
| 2022 | $10,173,528▲75.2% | $3,666,213▼31.5% | $49,219,586▼8.5% | $50,108,022▼9.7% | 990PF |
| 2021 | $5,807,937▲204% | $5,348,481▲71.2% | $53,816,361▲13.2% | $55,479,136▲13.0% | 990PF |
| 2020 | $1,911,691▲67.5% | $3,124,794▼34.5% | $47,538,173▲3.4% | $49,101,917▲1.2% | 990PF |
| 2019 | $1,141,040▼29.4% | $4,771,394▼3.4% | $45,965,217▲6.1% | $48,532,480▲6.1% | 990PF |
| 2018 | $1,616,954▼81.0% | $4,937,610▼45.4% | $43,322,976▼10.0% | $45,762,221▼11.1% | 990PF |
| 2017 | $8,508,395▲633% | $9,043,420▲126% | $48,137,732▲9.0% | $51,468,390▲15.0% | 990PF |
| 2016 | $1,160,723▼95.4% | $4,008,911▲86.3% | $44,160,534▼0.9% | $44,753,648▼1.7% | 990PF |
| 2015 | $25,394,438▲2513% | $2,152,121▼17.6% | $44,565,883▲99.4% | $45,549,041▲89.6% | 990PF |
| 2014 | $971,856▼80.5% | $2,611,913▲92.0% | $22,351,074▼2.0% | $24,023,709▲0.9% | 990PF |
| 2013 | $4,978,124 | $1,360,074▼27.0% | $22,807,235▲7.1% | $23,818,151▲11.8% | 990PF |
| 2012 | — | $1,863,841 | $21,286,597 | $21,312,552 | 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.
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Frequently asked questions
- Is James W and Frances Gibson Mcglothlin Foundation a legitimate nonprofit?
- Yes. James W and Frances Gibson Mcglothlin Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-3533035, based in Bristol, Virginia. Donations are tax-deductible.
- What is James W and Frances Gibson Mcglothlin Foundation's EIN?
- James W and Frances Gibson Mcglothlin Foundation's Employer Identification Number (EIN) is 26-3533035.
- How much revenue does James W and Frances Gibson Mcglothlin Foundation report?
- James W and Frances Gibson Mcglothlin Foundation reported $2,862,404 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does James W and Frances Gibson Mcglothlin Foundation have?
- CharityIndex grades James W and Frances Gibson Mcglothlin Foundation D, based on financial health (reserves and operating margin).
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Data for James W and Frances Gibson Mcglothlin Foundation (EIN 26-3533035) 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.