Olin & Muriel Prather Charitable Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Olin & Muriel Prather Charitable Foundation is a 501(c)(3) organization based in Abingdon, Virginia, registered in 1992, with $155,973 in FY2024 revenue. CharityIndex grades it C+.
Po Box 206, Abingdon, VA, 24212 EIN 38-3018982 Since 1992
Revenue (FY2024)
$156K
▼ 28.5% vs prior year
Expenses (FY2024)
$118K
Net assets
$871K
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 Olin & Muriel Prather 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 →
B+Financial health25% of the rating89 mo reserves · +24% 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 Olin & Muriel Prather Charitable Foundation: 89 mo reserves · +24% 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 Olin & Muriel Prather 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 Olin & Muriel Prather Charitable 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 $113K (FY2013) to $156K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $871K
Operating margin
24.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$871K
Total liabilities
$0
Net assets
$871K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $155,973▼28.5% | $117,974▼4.9% | $870,712▲4.3% | $870,712▲4.3% | 990PF |
| 2023 | $218,221▲33.4% | $124,076▼35.2% | $834,845▲12.7% | $834,845▲12.7% | 990PF |
| 2022 | $163,582▼19.3% | $191,337▲11.0% | $740,700▼3.6% | $740,700▼3.6% | 990PF |
| 2021 | $202,658▲185% | $172,419▲35.0% | $768,455▲4.1% | $768,455▲4.1% | 990PF |
| 2020 | $71,022▼16.9% | $127,710▲11.4% | $738,216▼7.1% | $738,216▼7.1% | 990PF |
| 2019 | $85,467▼0.8% | $114,666▲20.4% | $794,904▼3.5% | $794,904▼3.6% | 990PF |
| 2018 | $86,136▼75.4% | $95,242▼4.0% | $824,103▼1.1% | $824,402▼1.0% | 990PF |
| 2017 | $350,461▲462% | $99,253▲11.8% | $833,209▲43.2% | $832,662▲43.0% | 990PF |
| 2016 | $62,401▼56.0% | $88,805▼22.0% | $582,001▼4.3% | $582,078▼4.3% | 990PF |
| 2015 | $141,832▲4.6% | $113,840▼27.7% | $608,405▲4.8% | $608,393▲4.8% | 990PF |
| 2014 | $135,565▲19.5% | $157,406▼0.1% | $580,413▼3.6% | $580,400▼3.6% | 990PF |
| 2013 | $113,438 | $157,603▲17.1% | $602,254▼6.8% | $602,246▼6.8% | 990PF |
| 2012 | — | $134,639▼47.4% | $646,419▼12.4% | $646,470▼12.4% | 990PF |
| 2011 | — | $255,903▼39.1% | $738,321▼10.7% | $738,321▼13.4% | 990PF |
| 2010 | — | $420,179 | $826,603 | $852,786 | 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 Olin & Muriel Prather Charitable Foundation a legitimate nonprofit?
- Yes. Olin & Muriel Prather Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-3018982, based in Abingdon, Virginia. Donations are tax-deductible.
- What is Olin & Muriel Prather Charitable Foundation's EIN?
- Olin & Muriel Prather Charitable Foundation's Employer Identification Number (EIN) is 38-3018982.
- How much revenue does Olin & Muriel Prather Charitable Foundation report?
- Olin & Muriel Prather Charitable Foundation reported $155,973 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Olin & Muriel Prather Charitable Foundation have?
- CharityIndex grades Olin & Muriel Prather Charitable Foundation C+, based on financial health (reserves and operating margin).
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Data for Olin & Muriel Prather Charitable Foundation (EIN 38-3018982) 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.