Philip E and Carole R Ratcliffe Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
Philip E and Carole R Ratcliffe Foundation Inc is a 501(c)(3) organization based in Annapolis, Maryland, registered in 2003, with $4,995,073 in FY2024 revenue. CharityIndex grades it D.
275 West St Ste 109, Annapolis, MD, 21401 EIN 82-0568453 Since 2003
Revenue (FY2024)
$5.0M
▲ 59.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$11.9M
Net assets
$53.1M
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 Philip E and Carole R Ratcliffe Foundation Inc— 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 rating53 mo reserves · -139% 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 Philip E and Carole R Ratcliffe Foundation Inc: 53 mo reserves · -139% 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 Philip E and Carole R Ratcliffe Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Philip E and Carole R Ratcliffe Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 275 West St Ste 109, Annapolis, MD, 21401
- City
- Annapolis
- State
- Maryland
- Subcategory
- Private Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $671K (FY2013) to $5.0M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9.5MNet assets $53.1M
Operating margin
-138.6%
Spent more than it raised in the latest fiscal year.
Total assets
$62.5M
Total liabilities
$9.5M
Net assets
$53.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,995,073▲59.6% | $11,920,061▲124% | $53,062,027▼11.5% | $62,529,008▼9.0% | 990PF |
| 2023 | $3,130,105▲8.2% | $5,311,042▼18.8% | $59,974,183▼3.6% | $68,749,103▼7.8% | 990PF |
| 2022 | $2,891,599▲53.4% | $6,538,165▲12.8% | $62,193,227▼5.5% | $74,551,910▼6.6% | 990PF |
| 2021 | $1,884,516▼62.0% | $5,796,743▼69.9% | $65,805,553▼9.8% | $79,857,848▼10.5% | 990PF |
| 2020 | $4,957,776▼93.2% | $19,254,539▲301% | $72,923,651▼18.3% | $89,258,261▼5.0% | 990PF |
| 2019 | $73,433,817▲4058% | $4,802,486▼0.4% | $89,230,827▲288% | $93,915,402▲226% | 990PF |
| 2018 | $1,766,017▲2.5% | $4,821,100▲56.5% | $23,001,605▼10.4% | $28,816,771▼1.4% | 990PF |
| 2017 | $1,723,364▲179% | $3,081,148▲40.8% | $25,684,137▼5.0% | $29,233,308▼0.7% | 990PF |
| 2016 | $618,555▼7.8% | $2,188,215▲36.6% | $27,041,921▲1.8% | $29,441,921▲10.8% | 990PF |
| 2013 | $670,985 | $1,601,795▲44.0% | $26,568,988▼3.4% | $26,568,988▼3.4% | 990PF |
| 2012 | — | $1,112,659▲593% | $27,499,798▲4900% | $27,499,798▲4900% | 990PF |
| 2010 | — | $160,515 | $550,008 | $550,008 | 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.
Leadership & compensation (FY2024)
Highest-paid: James D Wright — $75,000 (0.63% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James D Wright | President | 5 | $75,000 |
| Tina Davenport | Trustee | 5 | $60,000 |
| James A Clauson | Trustee | 1 | — |
Similar organizations in Philanthropy
- Philanthropy
Ernest and Eileen Bell Charitable Foundation
Easton, MD
$0
annual revenue
- Philanthropy
Fredrick Alumni Chapter Kappa Alpha Psi Foundation Inc
Frederick, MD
$0
annual revenue
- Philanthropy
Semmes Bowen & Semmes Foundation Inc
Baltimore, MD
$0
annual revenue
Philanthropy
Ocean City-berlin Optimist Youth Foundation Inc
Berlin, MD
$0
Bannual revenue
- Philanthropy
Rotary Charitable Foundation of North Bethesda Inc
Chevy Chase, MD
$0
Fannual revenue
- Philanthropy
Friends of Takoma Park Maryland Library
Takoma Park, MD
$0
annual revenue
- Philanthropy
Girdletree Historical Foundation Inc
Girdletree, MD
$0
annual revenue
- Philanthropy
Churchville Lions Charities Inc
Churchville, MD
$0
annual revenue
- Philanthropy
Inabangnons In the United States and Canada Inausca
Riverdale, MD
$0
annual revenue
- Philanthropy
Mslba Community Charity Inc
Westminster, MD
$0
annual revenue
Compare Philip E and Carole R Ratcliffe Foundation Inc
Frequently asked questions
- Is Philip E and Carole R Ratcliffe Foundation Inc a legitimate nonprofit?
- Yes. Philip E and Carole R Ratcliffe Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-0568453, based in Annapolis, Maryland. Donations are tax-deductible.
- What is Philip E and Carole R Ratcliffe Foundation Inc's EIN?
- Philip E and Carole R Ratcliffe Foundation Inc's Employer Identification Number (EIN) is 82-0568453.
- How much revenue does Philip E and Carole R Ratcliffe Foundation Inc report?
- Philip E and Carole R Ratcliffe Foundation Inc reported $4,995,073 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Philip E and Carole R Ratcliffe Foundation Inc have?
- CharityIndex grades Philip E and Carole R Ratcliffe Foundation Inc D, based on financial health (reserves and operating margin).
- How much does Philip E and Carole R Ratcliffe Foundation Inc's highest-paid employee make?
- The highest reported compensation on Philip E and Carole R Ratcliffe Foundation Inc's latest Form 990 is $75,000, paid to James D Wright (President).
More nonprofits in Annapolis
Explore more
Data for Philip E and Carole R Ratcliffe Foundation Inc (EIN 82-0568453) 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.