Colonial Williamsburg Foundation: $125.8M Revenue, $121.5M Expenses
Williamsburg, Virginia · EIN 540505888 · Filing year 2023
Colonial Williamsburg Foundation reported $125.8M in total revenue, $121.5M in total expenses, and $1.7B in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $3.4M (2.70% of revenue). NonprofitTruth efficiency grade: D (46/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $125.8M
- Total Expenses
- $121.5M
- Total Assets
- $1.7B
- Reserve Months
- 164.7 months
- Surplus / (Deficit)
- $4.3M
- EIN
- 540505888
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $3.4M
- Officer Comp % of Revenue
- 2.70%
Colonial Williamsburg Foundation pulls a D on the efficiency rubric. The composite of 46/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.
Annual revenue at Colonial Williamsburg Foundation runs $125.8M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. On the financial-health factor, Colonial Williamsburg Foundation runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.
Revenue has declined meaningfully over the five-year filing window — a pattern that warrants attention to underlying funding sustainability. Colonial Williamsburg Foundation's 2023 revenue is materially below its earlier filings. Compensation for current officers and key employees runs $3.4M against $125.8M in revenue — within the band third-party charity raters typically consider reasonable for an organization of this size and complexity. This is an aggregate across all listed officers, not a single executive's salary. Colonial Williamsburg 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.
How Colonial Williamsburg Foundation Compares
Colonial Williamsburg Foundation earns a NonprofitTruth efficiency grade of D (46/100). That is 10 points below the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 2.70% of total revenue. The organization holds 164.7 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Colonial Williamsburg Foundation reported $125.8M in revenue against $121.5M in total functional expenses for filing year 2023, holding roughly 164.7 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $3.4M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 2.70% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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Colonial Williamsburg Foundation has a NonprofitTruth Efficiency Score of D (46/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Colonial Williamsburg Foundation, Donor FAQ
Colonial Williamsburg Foundation has a NonprofitTruth Efficiency Score of D (46/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Colonial Williamsburg Foundation reports $3.4M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 2.70% of the organization's $125.8M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Colonial Williamsburg Foundation reported $125.8M in annual revenue and $121.5M in total expenses for filing year 2023. The organization holds $1.7B in total assets.
Colonial Williamsburg Foundation holds approximately 164.7 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its D efficiency grade.
Colonial Williamsburg Foundation is a registered 501(c) organization with EIN 540505888, based in Williamsburg, Virginia. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Arts, Culture & Humanities Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.