Michael G Ratte Charitable Foundation
Only null% goes to programs Growing revenue
Michael G Ratte Charitable Foundation is a 501(c)(3) organization based in Worcester, Massachusetts, registered in 1998, with $9,922 in FY2024 revenue. CharityIndex grades it F.
228 Park Avenue, Worcester, MA, 01609 EIN 04-3396856 Since 1998
Revenue (FY2024)
$9,922
▲ 109.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$101K
Net assets
$8,503
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 Michael G Ratte Charitable 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 rating1 mo reserves · -916% 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 Michael G Ratte Charitable Foundation: 1 mo reserves · -916% 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 Michael G Ratte Charitable 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 Michael G Ratte Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 228 Park Avenue, Worcester, MA, 01609
- City
- Worcester
- State
- Massachusetts
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $4,152 (FY2013) to $9,922 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $8,503
Operating margin
-915.6%
Spent more than it raised in the latest fiscal year.
Total assets
$8,503
Total liabilities
$0
Net assets
$8,503
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $9,922▲109% | $100,772▲881% | $8,503▼91.4% | $8,503▼91.4% | 990PF |
| 2023 | $4,747▲3.9% | $10,268▼3.5% | $99,353▼5.3% | $99,353▼5.3% | 990PF |
| 2022 | $4,571▼16.8% | $10,644▼1.1% | $104,874▼5.5% | $104,874▼5.5% | 990PF |
| 2021 | $5,494▲4.2% | $10,759▲15.8% | $110,947▼4.5% | $110,947▼4.5% | 990PF |
| 2020 | $5,275▼15.8% | $9,291▲0.1% | $116,212▼3.3% | $116,212▼3.3% | 990PF |
| 2019 | $6,262▲43.8% | $9,281▲28.7% | $120,228▼2.4% | $120,228▼2.4% | 990PF |
| 2018 | $4,356▼14.4% | $7,213▼5.5% | $123,247▼2.3% | $123,247▼2.3% | 990PF |
| 2017 | $5,091▲36.2% | $7,630▼11.2% | $126,104▼2.0% | $126,104▼2.0% | 990PF |
| 2016 | $3,737▼5.6% | $8,597▼19.0% | $128,643▼3.6% | $128,643▼3.6% | 990PF |
| 2015 | $3,960▼26.1% | $10,611▼14.9% | $133,503▼4.7% | $133,503▼4.7% | 990PF |
| 2014 | $5,355▲29.0% | $12,474▲46.1% | $140,154▼4.8% | $140,154▼4.8% | 990PF |
| 2013 | $4,152 | $8,540▼18.7% | $147,273▼2.9% | $147,273▼2.9% | 990PF |
| 2012 | — | $10,499▲29.6% | $151,661▼3.1% | $151,661▼3.1% | 990PF |
| 2011 | — | $8,101▲69.0% | $156,523▲0.4% | $156,523▲0.4% | 990PF |
| 2010 | — | $4,793 | $155,892 | $155,892 | 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 Michael G Ratte Charitable Foundation a legitimate nonprofit?
- Yes. Michael G Ratte Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3396856, based in Worcester, Massachusetts. Donations are tax-deductible.
- What is Michael G Ratte Charitable Foundation's EIN?
- Michael G Ratte Charitable Foundation's Employer Identification Number (EIN) is 04-3396856.
- How much revenue does Michael G Ratte Charitable Foundation report?
- Michael G Ratte Charitable Foundation reported $9,922 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michael G Ratte Charitable Foundation have?
- CharityIndex grades Michael G Ratte Charitable Foundation F, based on financial health (reserves and operating margin).
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Data for Michael G Ratte Charitable Foundation (EIN 04-3396856) 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.