Lilly Endowment — Annual Expenses: $232M

NoteThe claim specifies 2011 data (exact stored value: $231,776,725 in total functional expenses from IRS Form 990). The source document is from ProPublica's Nonprofit Explorer and displays financial data from 2016 onwards. The earliest fiscal year shown in the provided excerpt is 2016 (with expenses of $476,329,800). The source explicitly states 'Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later,' which means 2011 data may not be available in this particular source. Without access to the 2011 Form 990 filing in the source text, the claim cannot be verified or contradicted from this source.