Quick charity verification for Susan S & Kenneth Wallach Foundation (EIN: 137147899)
Verdict: Susan S & Kenneth Wallach Foundation appears trustworthy
90/100Mission Score
$52.3MRevenue
$87.1MAssets
2Red Flags
4Strengths
Red Flags
Recent trend of expenses exceeding revenue (e.g., $4.88M expenses vs. $3.40M revenue in 202312)
Significant fluctuations in annual revenue, potentially indicating reliance on volatile income sources.
Strengths
Consistently reports 0% officer compensation, indicating high efficiency and transparency regarding executive pay.
Maintains a very strong asset base ($71.4M in 202312) with minimal liabilities ($1), ensuring long-term financial stability.
Consistent IRS 990 filing history over a decade demonstrates commitment to compliance and public disclosure.
Substantial growth in assets over time, from $1.8M in 201112 to $71.4M in 202312.
Spending Breakdown
How Susan S & Kenneth 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
0%
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 Susan S & Kenneth Wallach Foundation
Is Susan S & Kenneth Wallach Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Susan S & Kenneth Wallach Foundation (EIN: 137147899) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Susan S & Kenneth Wallach Foundation a good charity to donate to?
Susan S & Kenneth Wallach Foundation has a Mission Score of 90/100. Revenue: $52.3M. Assets: $87.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Susan S & Kenneth Wallach Foundation?
The Employer Identification Number (EIN) for Susan S & Kenneth Wallach Foundation is 137147899. 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 Susan S & Kenneth Wallach Foundation spend its money?
Susan S & Kenneth Wallach Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Susan S & Kenneth Wallach Foundation's tax-exempt status?
You can verify Susan S & Kenneth Wallach Foundation's tax-exempt status using EIN 137147899 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 Susan S & Kenneth Wallach Foundation demonstrates a strong financial position with substantial assets, currently at $71,396,981 as of the 202312 period, and a history of significant revenue generation, including a peak of $14,996,467 in 202112. The organization consistently reports minimal liabilities, often just $1, indicating excellent financial stability and low debt risk. However, the foundation has shown a trend of expenses exceeding revenue in recent years, with expenses of $4,879,090 against revenue of $3,403,925 in 202312, and $4,395,666 against $1,986,586 in 202212. This suggests a reliance on prior year surpluses or investment income to cover operational costs, which while not immediately problematic for a well-endowed foundation, warrants monitoring for long-term sustainability.
The foundation's transparency is commendable, particularly with its consistent reporting of 0% officer compensation across all available filings. This indicates that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is a strong positive for donor confidence. The NTEE code T20Z (Private Grantmaking Foundations) aligns with its operational model, and the consistent filing of IRS Form 990s over a decade demonstrates a commitment to regulatory compliance and public disclosure. The substantial asset base provides a strong endowment for future grantmaking activities.
While the foundation's financial health is robust due to its large asset base, the recent trend of operating deficits (expenses exceeding revenue) could be a point of concern if it continues without sufficient investment returns to offset the difference. The absence of officer compensation is a significant strength in terms of spending efficiency and transparency, suggesting that a very high proportion of funds are directed towards programmatic activities or asset growth rather than administrative overhead related to executive salaries. Overall, the foundation appears financially sound and transparent, though the recent revenue-expense trend should be observed.