The Annenberg Foundation
Only null% goes to programs Strong reserves
The Annenberg Foundation is a 501(c)(3) organization based in Conshohocken, Pennsylvania, registered in 1958, with $123,118,621 in FY2024 revenue. CharityIndex grades it D.
101 W Elm St Ste 510, Conshohocken, PA, 19428 EIN 23-6257083 Since 1958
Revenue (FY2024)
$123.1M
▼ 6.5% vs prior year
Education median: $200K
Expenses (FY2024)
$309.9M
Net assets
$1.3B
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 The Annenberg Foundation— 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 rating49 mo reserves · -152% 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 The Annenberg Foundation: 49 mo reserves · -152% 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 The Annenberg Foundation— 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 The Annenberg Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 101 W Elm St Ste 510, Conshohocken, PA, 19428
- City
- Conshohocken
- State
- Pennsylvania
- Category
- Education
- Subcategory
- Student Services & Aid
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $24.7M (FY2013) to $123.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $246.2MNet assets $1.3B
Operating margin
-151.7%
Spent more than it raised in the latest fiscal year.
Total assets
$1.5B
Total liabilities
$246.2M
Net assets
$1.3B
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $123,118,621▼6.5% | $309,925,589▲22.2% | $1,277,749,014▼9.9% | $1,523,963,150▲4.2% | 990PF |
| 2023 | $131,626,861▼11.6% | $253,584,091▲155% | $1,418,035,001▼4.3% | $1,462,008,226▼4.1% | 990PF |
| 2022 | $148,973,633▲36.6% | $99,458,740▼5.8% | $1,481,940,583▼15.9% | $1,524,441,511▼15.5% | 990PF |
| 2021 | $109,022,988▲98.0% | $105,602,108▼2.4% | $1,762,559,300▲9.9% | $1,804,363,680▲9.2% | 990PF |
| 2020 | $55,064,953▼8.9% | $108,247,901▼13.2% | $1,604,484,146▲12.9% | $1,652,479,014▲12.3% | 990PF |
| 2019 | $60,419,092▲1312% | $124,676,803▼33.8% | $1,420,610,054▲11.1% | $1,471,021,146▲4.9% | 990PF |
| 2018 | $4,277,709▼91.7% | $188,306,932▼14.4% | $1,278,904,692▼14.5% | $1,402,322,765▼12.9% | 990PF |
| 2017 | $51,342,505▲88.2% | $220,056,010▲87.0% | $1,496,117,717▲0.5% | $1,609,958,544▲5.3% | 990PF |
| 2016 | $27,282,052▼49.9% | $117,707,402▼4.2% | $1,489,071,479▼1.5% | $1,529,085,630▼3.6% | 990PF |
| 2015 | $54,444,322▼8.6% | $122,818,359▼15.3% | $1,512,068,330▼6.3% | $1,585,608,544▼4.7% | 990PF |
| 2014 | $59,577,106▲142% | $145,009,812▲16.4% | $1,613,754,398▼2.0% | $1,663,095,893▼1.6% | 990PF |
| 2013 | $24,657,507 | $124,531,748▲15.1% | $1,647,465,395▲7.3% | $1,690,604,187▲4.2% | 990PF |
| 2012 | — | $108,152,530▼16.9% | $1,535,672,733▼1.4% | $1,623,162,045▼5.6% | 990PF |
| 2010 | — | $130,215,977▲46.5% | $1,556,748,217▲9.6% | $1,720,105,771▲6.4% | 990PF |
| 2009 | — | $88,880,700 | $1,420,668,847 | $1,616,906,836 | 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: Cynthia Kennard — $756,910 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Cynthia Kennard | Executive Director/secretary | 37.5 | $756,910 |
| Paul J Manganiello | Director of Invest/treasurer | 37.5 | $346,832 |
| Lauren Bon | Vice President/director | 37.5 | $86,151 |
| Charles Annenberg Weingarten | Vice President/director | 37.5 | $85,847 |
| Gregory Annenberg Weingarten | Vice President/director | 37.5 | $85,847 |
| Wallis Annenberg | Ceo/chairperson/president | 20 | — |
Grants received · $605K total
8 grants to The Annenberg Foundation totaling $605K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| California Community Foundation | Education | 2020 | $48,846 |
| California Community Foundation | Education | 2019 | $47,652 |
| California Community Foundation | Education | 2018 | $48,273 |
| California Community Foundation | Education | 2017 | $50,267 |
| Greater Washington Community Foundation | General support building | 2016 | $250,000 |
| California Community Foundation | Education | 2016 | $53,052 |
| California Community Foundation | Education | 2015 | $54,152 |
| California Community Foundation | Education | 2014 | $52,758 |
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Frequently asked questions
- Is The Annenberg Foundation a legitimate nonprofit?
- Yes. The Annenberg Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-6257083, based in Conshohocken, Pennsylvania. Donations are tax-deductible.
- What is The Annenberg Foundation's EIN?
- The Annenberg Foundation's Employer Identification Number (EIN) is 23-6257083.
- How much revenue does The Annenberg Foundation report?
- The Annenberg Foundation reported $123,118,621 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The Annenberg Foundation have?
- CharityIndex grades The Annenberg Foundation D, based on financial health (reserves and operating margin).
- How much does The Annenberg Foundation's highest-paid employee make?
- The highest reported compensation on The Annenberg Foundation's latest Form 990 is $756,910, paid to Cynthia Kennard (Executive Director/secretary).
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Data for The Annenberg Foundation (EIN 23-6257083) 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.