Close Up Foundation: $41.1M Revenue, $40.4M Expenses

Close Up Foundation grades a B on the NonprofitTruth efficiency rubric. 72/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.

At $41.1M in 2023 revenue, Close Up Foundation sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. Financial health is a strength: Close Up Foundation carries a healthy operating-reserve cushion against $40.4M in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.

Five-year revenue has grown modestly. Close Up Foundation is not expanding rapidly but is not shrinking either; the trajectory is consistent with stable donor and grant relationships. Officer compensation is on the higher side of the band typical for nonprofits this size: $1.7M in total current-officer compensation against $41.1M in revenue. Not necessarily inappropriate — large healthcare systems and university systems often pay competitively with for-profit equivalents — but worth reading in context. Close Up Foundation sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.