Robert B Cranston & Theophilus T Pitman Fund
501(c)(92)
Only null% goes to programs Strong reserves Growing revenue
Robert B Cranston & Theophilus T Pitman Fund is a 501(c)(92) organization based in Newport, Rhode Island, registered in 1974, with $2,477,123 in FY2024 revenue. CharityIndex grades it C+.
55 Memorial Boulevard, Newport, RI, 02840 EIN 05-6008897 Since 1974
Revenue (FY2024)
$2.5M
▲ 2112.8% vs prior year
Expenses (FY2024)
$163K
Net assets
$3.4M
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 Robert B Cranston & Theophilus T Pitman Fund— 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 rating252 mo reserves · +93% 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 Robert B Cranston & Theophilus T Pitman Fund: 252 mo reserves · +93% 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 Robert B Cranston & Theophilus T Pitman Fund— 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 Robert B Cranston & Theophilus T Pitman Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 55 Memorial Boulevard, Newport, RI, 02840
- City
- Newport
- State
- Rhode Island
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $135K (FY2013) to $2.5M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.4M
Operating margin
93.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.4M
Total liabilities
$0
Net assets
$3.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,477,123▲2113% | $163,441▲55.9% | $3,428,986▲207% | $3,428,986▲207% | 990PF |
| 2023 | $111,945▲9.8% | $104,867▼67.5% | $1,115,304▲0.6% | $1,115,304▼14.7% | 990PF |
| 2022 | $101,946▼74.6% | $322,205▼37.1% | $1,108,226▼16.6% | $1,308,226▼1.9% | 990PF |
| 2021 | $400,816▲648% | $511,953▲363% | $1,328,485▼7.7% | $1,333,986▼7.3% | 990PF |
| 2020 | $53,590▼53.0% | $110,689▼27.1% | $1,439,622▼3.8% | $1,439,622▼3.8% | 990PF |
| 2019 | $113,933▼0.1% | $151,787▲22.5% | $1,496,721▼7.2% | $1,496,721▼7.2% | 990PF |
| 2017 | $114,046▼8.3% | $123,953▼0.2% | $1,612,140▼0.6% | $1,612,140▼0.6% | 990PF |
| 2016 | $124,323▼12.2% | $124,164▲6.7% | $1,622,047 | $1,622,047 | 990PF |
| 2015 | $141,597▼40.7% | $116,387▲14.0% | $1,621,888▲1.6% | $1,621,888▲1.6% | 990PF |
| 2014 | $238,708▲77.5% | $102,066▼12.5% | $1,596,678▲9.4% | $1,596,678▲9.4% | 990PF |
| 2013 | $134,514 | $116,634▲6.0% | $1,460,036▲1.2% | $1,460,036▲1.2% | 990PF |
| 2012 | — | $110,049▲11.2% | $1,442,156▼4.4% | $1,442,156▼4.4% | 990PF |
| 2010 | — | $98,921 | $1,507,960 | $1,507,960 | 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 Robert B Cranston & Theophilus T Pitman Fund a legitimate nonprofit?
- Yes. Robert B Cranston & Theophilus T Pitman Fund is a 501(c)(92) organization registered with the U.S. Internal Revenue Service under EIN 05-6008897, based in Newport, Rhode Island.
- What is Robert B Cranston & Theophilus T Pitman Fund's EIN?
- Robert B Cranston & Theophilus T Pitman Fund's Employer Identification Number (EIN) is 05-6008897.
- How much revenue does Robert B Cranston & Theophilus T Pitman Fund report?
- Robert B Cranston & Theophilus T Pitman Fund reported $2,477,123 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Robert B Cranston & Theophilus T Pitman Fund have?
- CharityIndex grades Robert B Cranston & Theophilus T Pitman Fund C+, based on financial health (reserves and operating margin).
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Data for Robert B Cranston & Theophilus T Pitman Fund (EIN 05-6008897) 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.