William & Mary Foundation: $41.1M Revenue, $52.6M Expenses

William & Mary Foundation grades an F: the lowest bracket on the efficiency rubric. 34/100 composite, with multiple factors below the national benchmarks — usually a combination of precarious reserves, declining or erratic revenue, and officer compensation that runs high relative to size.

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. On the financial-health factor, William & Mary 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. William & Mary Foundation's 2023 revenue is materially below its earlier filings. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership 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 figures should be read.