Margarita T Sprague Foundation
Only null% goes to programs Strong reserves Declining revenue
Margarita T Sprague Foundation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2012, with $14 in FY2024 revenue. CharityIndex grades it F.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 45-2731978 Since 2012
Revenue (FY2024)
$14
▼ 26.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1,025
Net assets
$1,300
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Margarita T Sprague Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating15 mo reserves · -7221% 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 Margarita T Sprague Foundation: 15 mo reserves · -7221% margin earns a F 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 Margarita T Sprague 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 Margarita T Sprague Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $460 (FY2013) to $14 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1,300
Operating margin
-7221.4%
Spent more than it raised in the latest fiscal year.
Total assets
$1,300
Total liabilities
$0
Net assets
$1,300
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $14▼26.3% | $1,025 | $1,300▼43.7% | $1,300▼43.7% | 990PF |
| 2023 | $19▲90.0% | $1,025 | $2,311▼30.3% | $2,311▼30.3% | 990PF |
| 2022 | $10▼99.8% | $1,025▼1.0% | $3,317▼23.4% | $3,317▼23.4% | 990PF |
| 2021 | $5,005▲125025% | $1,035▲1.0% | $4,332▲1097% | $4,332▲1097% | 990PF |
| 2020 | $4▼63.6% | $1,025 | $362▼73.8% | $362▼73.8% | 990PF |
| 2019 | $11▼99.6% | $1,025 | $1,383▼42.3% | $1,383▼42.3% | 990PF |
| 2018 | $3,109▲77625% | $1,025 | $2,397▲666% | $2,397▲666% | 990PF |
| 2017 | $4▼55.6% | $1,025 | $313▼76.5% | $313▼76.5% | 990PF |
| 2016 | $9▼99.7% | $1,025 | $1,334▼43.2% | $1,334▼43.2% | 990PF |
| 2015 | $3,007▲100133% | $1,025 | $2,350▲539% | $2,350▲539% | 990PF |
| 2014 | $3▼99.3% | $1,025 | $368▼73.5% | $368▼73.5% | 990PF |
| 2013 | $460 | $1,025▲18.2% | $1,390▼28.9% | $1,390▼28.9% | 990PF |
| 2012 | — | $867 | $1,955 | $1,955 | 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 Margarita T Sprague Foundation a legitimate nonprofit?
- Yes. Margarita T Sprague Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-2731978, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Margarita T Sprague Foundation's EIN?
- Margarita T Sprague Foundation's Employer Identification Number (EIN) is 45-2731978.
- How much revenue does Margarita T Sprague Foundation report?
- Margarita T Sprague Foundation reported $14 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Margarita T Sprague Foundation have?
- CharityIndex grades Margarita T Sprague Foundation F, based on financial health (reserves and operating margin).
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Data for Margarita T Sprague Foundation (EIN 45-2731978) 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.