Charityvest Inc

Nonprofit profile at a glance

EIN
812771871
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2018
Location
Fairfield, CT, USA
Phone
4045386170
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Private Grantmaking Foundations

Official website

Reported finances

Revenue
$113,380,722
Expenses
$52,603,302
Assets
$103,373,166
Liabilities
$200,542

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • STEPHEN KUMP (PRESIDENT)

People named in this filing

  • STEPHEN KUMP (PRESIDENT)
  • NATE WONG (DIRECTOR)
  • PAUL GLYER (CHARIMAN)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Charityvest, inc. Is a modern donor-advised fund sponsoring organization with the mission of making giving simple for every donor and charity, because a generous life is a better life. We believe that giving should be accessible, enabling individuals to make generosity an integrated part of their daily financial lives. We believe that giving should be easy, free of traditional barriers which hold us back from being our most generous selves. We believe that giving should be for everyone, giving funds that are scalable and make intentional giving fast, frictionless, and free to participate.

What it reported doing in 2024

Advance and improve charitable resource deployment and be a sponsoring organization for donor advised funds. This includes developing and maintaining an online platform for charitable giving to meet the needs of a wide range of donors and to provide tools and services for those donors to enhance their giving. As part of the online platform, the organization has developed a portfolio of tools that makes the process and decisions of charitable giving easier.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 87
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 47%; rating input score 47
  • Program expense ratio: 99.9%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 53.6%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 1.97; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings

Growth

  • Program expense growth: 44.7% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 48.3% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 49.3% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 47% of revenue deployed · 99.9% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $52.5M in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 47/100.