Steven & Katherine Markelfoundation is a 501(c)(3) organization based in Richmond, Virginia, registered in 2006, with $33,944 in FY2025 revenue. CharityIndex grades it F.
Revenue (FY2025)
$34K
▼ 95.8% vs prior year
Philanthropy median: $168K
Expenses (FY2025)
$1.2M
Net assets
$8.7M
Employees
—
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 Steven & Katherine Markelfoundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Steven & Katherine Markelfoundation: 90 mo reserves · -3320% margin earns a F on this criterion. See the exact thresholds →
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 Steven & Katherine Markelfoundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Steven & Katherine Markelfoundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $1.9M (FY2016) to $34K (FY2025) across 10 reported years.
Financial snapshot
Operating margin
-3320.4%
Spent more than it raised in the latest fiscal year.
Total assets
$8.7M
Total liabilities
$0
Net assets
$8.7M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $33,944▼95.8% | $1,161,024▲6.1% | $8,728,180▼2.5% | $8,728,180▼2.5% | 990PF |
| 2024 | $802,055▲631% | $1,094,325▲12.6% | $8,955,131▲6.1% | $8,955,131▲6.1% | 990PF |
| 2023 | $109,650▼56.2% | $971,768▼2.0% | $8,440,859▼4.0% | $8,440,859▼4.0% | 990PF |
| 2022 | $250,628▲63.5% | $991,649▲14.8% | $8,788,858▼2.1% | $8,788,858▼2.1% | 990PF |
| 2021 | $153,298▲37751% | $864,034▼14.8% | $8,979,294▼2.6% | $8,979,294▼2.6% | 990PF |
| 2020 | $405▼90.6% | $1,014,128▼1.8% | $9,214,678▼5.2% | $9,214,678▼5.2% | 990PF |
| 2019 | $4,311▲2.3% | $1,033,052▼0.6% | $9,724,334▼5.0% | $9,724,334▼5.0% | 990PF |
| 2018 | $4,216▼97.6% | $1,039,447▲19.5% | $10,236,580▼4.8% | $10,236,580▼4.8% | 990PF |
| 2017 | $173,759▼91.0% | $869,686▲26.0% | $10,755,801▼2.8% | $10,755,801▼2.8% | 990PF |
| 2016 | $1,923,245 | $690,125 | $11,060,564 | $11,060,564 | 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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Data for Steven & Katherine Markelfoundation (EIN 20-5331849) 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.