William & Mary Foundation: $41.1M Revenue, $41.0M Program Expenses

William & Mary Foundation earns a C on the efficiency rubric — the median bucket on the LakeQuality scale, indicating performance close to the national midpoint across program spending, executive compensation, and financial reserves. Composite score: 63/100.

At $41.1M in 2023 revenue, William & Mary 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. William & Mary Foundation directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Revenue has declined meaningfully over the five-year filing window — a pattern that warrants attention to underlying funding sustainability. William & Mary Foundation's 2023 revenue is materially below its earlier filings. 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, William & Mary 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.