Swain-grousbeck Sight Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Swain-grousbeck Sight Trust is a 501(c)(3) organization based in Martinsville, Virginia, registered in 1966, with $19,310 in FY2024 revenue. CharityIndex grades it F.
900 Liberty St, Martinsville, VA, 24112 EIN 54-6059890 Since 1966
Revenue (FY2024)
$19K
▼ 50.5% vs prior year
Expenses (FY2024)
$42K
Net assets
$545K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Swain-grousbeck Sight Trust— 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 rating157 mo reserves · -115% 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 Swain-grousbeck Sight Trust: 157 mo reserves · -115% 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 Swain-grousbeck Sight Trust— 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 Swain-grousbeck Sight Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 900 Liberty St, Martinsville, VA, 24112
- City
- Martinsville
- State
- Virginia
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $17K (FY2013) to $19K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $545K
Operating margin
-115.1%
Spent more than it raised in the latest fiscal year.
Total assets
$545K
Total liabilities
$0
Net assets
$545K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $19,310▼50.5% | $41,531▲2.2% | $544,909▼3.9% | $544,909▼3.9% | 990PF |
| 2023 | $39,013▲355% | $40,640▼6.9% | $567,130▼0.3% | $567,130▼0.3% | 990PF |
| 2022 | $8,576▼84.2% | $43,649▲9.4% | $568,757▼5.8% | $568,757▼5.8% | 990PF |
| 2021 | $54,121▲419% | $39,892▲4.7% | $603,830▲2.4% | $603,830▲2.4% | 990PF |
| 2020 | $10,428▼53.2% | $38,095▲1.8% | $589,601▼4.5% | $589,601▼4.5% | 990PF |
| 2019 | $22,264▼35.2% | $37,412▼0.5% | $617,268▼2.4% | $617,268▼2.4% | 990PF |
| 2018 | $34,356▼5.0% | $37,613▲2.7% | $632,416▼0.5% | $632,416▼0.5% | 990PF |
| 2017 | $36,177▼21.2% | $36,626▲9.3% | $635,673▼0.1% | $635,673▼0.1% | 990PF |
| 2016 | $45,901▼70.5% | $33,520▼22.6% | $636,122▲2.0% | $636,122▲2.0% | 990PF |
| 2015 | $155,603▲23.8% | $43,333▲7.6% | $623,741▲22.0% | $623,741▲22.0% | 990PF |
| 2014 | $125,681▲626% | $40,258▲3.8% | $511,471▲20.1% | $511,471▲20.1% | 990PF |
| 2013 | $17,302 | $38,796▲1.6% | $426,048▼4.8% | $426,048▼4.8% | 990PF |
| 2012 | — | $38,201▲6.3% | $447,542▼3.7% | $447,542▼3.7% | 990PF |
| 2011 | — | $35,923 | $464,648 | $464,648 | 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.
Grants received · $15K total
3 grants to Swain-grousbeck Sight Trust totaling $15K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Winston-salem Foundation | 1 grant(s) for varying purposes | 2023 | $5,000 |
| Winston-salem Foundation | 1 grant(s) for varying purposes | 2020 | $5,000 |
| Winston-salem Foundation | 4 grant(s) for varying purposes | 2019 | $5,492 |
Frequently asked questions
- Is Swain-grousbeck Sight Trust a legitimate nonprofit?
- Yes. Swain-grousbeck Sight Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-6059890, based in Martinsville, Virginia. Donations are tax-deductible.
- What is Swain-grousbeck Sight Trust's EIN?
- Swain-grousbeck Sight Trust's Employer Identification Number (EIN) is 54-6059890.
- How much revenue does Swain-grousbeck Sight Trust report?
- Swain-grousbeck Sight Trust reported $19,310 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Swain-grousbeck Sight Trust have?
- CharityIndex grades Swain-grousbeck Sight Trust F, based on financial health (reserves and operating margin).
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Data for Swain-grousbeck Sight Trust (EIN 54-6059890) 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.