Sumner M Redstone Charitable Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Sumner M Redstone Charitable Foundation is a 501(c)(3) organization based in Chestnut Hill, Massachusetts, registered in 1986, with $3,444,428 in FY2024 revenue. CharityIndex grades it C+.
Po Box 67017, Chestnut Hill, MA, 02467 EIN 22-2761621 Since 1986
Revenue (FY2024)
$3.4M
▲ 189.6% vs prior year
Expenses (FY2024)
$1.7M
Net assets
$57.4M
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 Sumner M Redstone 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 rating403 mo reserves · +50% 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 Sumner M Redstone Charitable Foundation: 403 mo reserves · +50% 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 Sumner M Redstone 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 Sumner M Redstone Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 67017, Chestnut Hill, MA, 02467
- City
- Chestnut Hill
- State
- Massachusetts
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $7,818 (FY2020) to $3.4M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $57.4M
Operating margin
50.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$57.4M
Total liabilities
$0
Net assets
$57.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,444,428▲190% | $1,707,084▼13.5% | $57,387,952▲3.1% | $57,387,952▲3.1% | 990PF |
| 2023 | $1,189,334▼79.0% | $1,974,186▼57.9% | $55,658,429▼1.4% | $55,658,429▼1.4% | 990PF |
| 2022 | $5,653,910▼90.0% | $4,692,771▲34.2% | $56,446,560▲1.7% | $56,446,560▲1.7% | 990PF |
| 2021 | $56,787,224▲726265% | $3,498,063▲81005% | $55,494,419▲2486% | $55,494,419▲2486% | 990PF |
| 2020 | $7,818 | $4,313 | $2,146,163 | $2,146,163 | 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 Sumner M Redstone Charitable Foundation a legitimate nonprofit?
- Yes. Sumner M Redstone Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2761621, based in Chestnut Hill, Massachusetts. Donations are tax-deductible.
- What is Sumner M Redstone Charitable Foundation's EIN?
- Sumner M Redstone Charitable Foundation's Employer Identification Number (EIN) is 22-2761621.
- How much revenue does Sumner M Redstone Charitable Foundation report?
- Sumner M Redstone Charitable Foundation reported $3,444,428 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sumner M Redstone Charitable Foundation have?
- CharityIndex grades Sumner M Redstone Charitable Foundation C+, based on financial health (reserves and operating margin).
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Data for Sumner M Redstone Charitable Foundation (EIN 22-2761621) 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.