Very low liabilities (often $0 or $1), suggesting excellent debt management and financial health.
Generally operates with expenses below revenue in most recent years (e.g., 2023 revenue $358,206 vs. expenses $279,350), avoiding consistent deficits.
Consistent filing of IRS Form 990s, demonstrating a commitment to regulatory compliance.
Spending Breakdown
How Walter Payne Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Walter Payne Foundation
Is Walter Payne Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Walter Payne Foundation (EIN: 10626611) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
Is Walter Payne Foundation a good charity to donate to?
Walter Payne Foundation has a Mission Score of 70/100. Revenue: $5.4M. Assets: $4.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Walter Payne Foundation?
The Employer Identification Number (EIN) for Walter Payne Foundation is 10626611. 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 Walter Payne Foundation spend its money?
Walter Payne Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Walter Payne Foundation's tax-exempt status?
You can verify Walter Payne Foundation's tax-exempt status using EIN 10626611 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 Walter Payne Foundation demonstrates consistent financial stability with assets consistently above $2 million, reaching $2,408,693 in 2023. However, its revenue generation has been highly volatile, with the latest reported revenue of $358,206 in 2023 being significantly lower than its stated 'Latest Revenue' of $5,378,021, which suggests a potential discrepancy or a major one-time event not reflected in the annual filings provided. The organization consistently reports zero officer compensation across all provided filings, which is unusual for an organization of its asset size and could indicate a reliance on volunteer leadership or a different compensation structure not captured as 'officer compensation'.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the foundation generally operates with expenses below its revenue in most recent years (e.g., 2023 revenue of $358,206 vs. expenses of $279,350), indicating it is not consistently operating at a deficit. The lack of reported liabilities (often $1 or $0) suggests a very healthy balance sheet and strong financial management regarding debt.
Transparency is moderate. While the consistent filing of IRS Form 990s is a positive, the absence of reported officer compensation and the significant difference between 'Latest Revenue' and the highest reported annual revenue in the filing history ($485,773 in 2021) warrant further investigation to fully understand the organization's financial operations and leadership structure. A clear explanation of how the $5.3M 'Latest Revenue' figure relates to the annual filings would enhance transparency.