Is Mary And James G Wallach Foundation Legit?

Quick charity verification for Mary And James G Wallach Foundation (EIN: 136278694)

Verdict: Mary And James G Wallach Foundation appears trustworthy

95/100Mission Score

$45.4MRevenue

$72.0MAssets

1Red Flags

4Strengths

Red Flags

Expenses exceeded revenue in recent periods (e.g., 202312: Expenses=$3,604,803, Revenue=$3,118,420; 202212: Expenses=$4,247,253, Revenue=$1,734,451), though this is common for foundations drawing from endowments.

Strengths

Consistent 0% officer compensation, indicating high efficiency and dedication of resources to mission.
Substantial and growing asset base ($57,806,771 in 202312), providing long-term financial stability.
Minimal liabilities across most filing periods, suggesting sound financial management.
Strong asset growth over more than a decade, from $2,975,413 in 201210 to $57,806,771 in 202312.

Spending Breakdown

How Mary And James G Wallach Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Mary And James G Wallach Foundation

Is Mary And James G Wallach Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Mary And James G Wallach Foundation (EIN: 136278694) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.

Is Mary And James G Wallach Foundation a good charity to donate to?

Mary And James G Wallach Foundation has a Mission Score of 95/100. Revenue: $45.4M. Assets: $72.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mary And James G Wallach Foundation?

The Employer Identification Number (EIN) for Mary And James G Wallach Foundation is 136278694. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Mary And James G Wallach Foundation spend its money?

Mary And James G Wallach Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mary And James G Wallach Foundation's tax-exempt status?

You can verify Mary And James G Wallach Foundation's tax-exempt status using EIN 136278694 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Mary And James G Wallach Foundation demonstrates a consistent commitment to its programmatic mission, as evidenced by its spending patterns. In the latest filing (202312), the organization reported expenses of $3,604,803 against revenue of $3,118,420, indicating a year where expenses exceeded revenue. However, its substantial asset base of $57,806,771 in 202312, growing from $2,975,413 in 201210, suggests a well-endowed foundation capable of sustaining its operations and grantmaking activities. The foundation consistently reports zero officer compensation, which is a strong indicator of financial efficiency and a focus on directing resources towards its mission rather than executive salaries. The minimal liabilities across most filing periods also point to sound financial management and low financial risk.

The foundation's revenue has fluctuated significantly over the years, with a peak of $13,227,302 in 202112 and a low of $255,127 in 201210. Despite these fluctuations, the asset base has shown remarkable growth, indicating effective asset management and investment strategies. The consistent reporting of zero officer compensation enhances its transparency profile, as it clearly shows that no funds are being diverted to executive salaries. This practice, combined with a healthy asset-to-liability ratio, positions the foundation as a financially stable and transparent entity focused on its charitable objectives.

While specific program spending details are not provided in the summary data, the overall financial health, characterized by substantial assets, minimal liabilities, and zero executive compensation, suggests a well-managed and mission-driven organization. The foundation's ability to maintain and grow its assets over more than a decade, even in years where expenses outpaced revenue, underscores its long-term sustainability and capacity to fulfill its philanthropic goals.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.