Andrew W Mellon Foundation: $450.4M Revenue, $510.2M Program Expenses
New York, New York · EIN 131879954 · Filing year 2023
Andrew W Mellon Foundation reported $450.4M in total revenue, $654.0M in total expenses, and $8.0B in total assets on its 2023 IRS Form 990. 78.0% of expenses ($510.2M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (68/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $450.4M
- Total Expenses
- $654.0M
- Program Expenses
- $510.2M
- Program Expense Ratio
- 78.0%
- Total Assets
- $8.0B
- Reserve Months
- 147.3 months
- EIN
- 131879954
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
The efficiency rubric puts Andrew W Mellon Foundation at a B grade: a composite of 68/100 that lands above the national midpoint. The grade reflects solid program-spending discipline alongside reasonable executive compensation and financial reserves.
Annual revenue at Andrew W Mellon Foundation runs $450.4M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Andrew W Mellon Foundation directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.
Revenue has been roughly stable over the five-year filing window. The pattern is normal for established organizations operating in a mature program area. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Andrew W Mellon Foundation sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue ratios should be read.
How Andrew W Mellon Foundation Compares
Andrew W Mellon Foundation directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 68/100 is 6 points below the Education category average. The organization holds 147.3 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Andrew W Mellon Foundation, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Andrew W Mellon Foundation has an Efficiency Score of B (68/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Andrew W Mellon Foundation, Donor FAQ
Andrew W Mellon Foundation has an Efficiency Score of B (68/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Andrew W Mellon Foundation is not reported in the most recent IRS 990 filing on file.
Andrew W Mellon Foundation reported $450.4M in annual revenue and $654.0M in total expenses for filing year 2023. The organization holds $8.0B in total assets.
For every dollar donated to Andrew W Mellon Foundation, approximately 78.0 cents goes to program activities. The organization has 147.3 months of operating reserves, providing financial stability to sustain its mission.
Andrew W Mellon Foundation is a registered 501(c) organization with EIN 131879954, based in New York, New York. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.