Allatt Walsh Foundation
Allatt Walsh Foundation consistently spends more than it earns, drawing down assets.
EIN: 202515474 · Portsmouth, NH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $236K |
| Total Expenses | $298K |
| Program Spending | 60% |
| Net Assets | $3.3M |
| Transparency Score | 55/100 |
Is Allatt Walsh Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Allatt Walsh Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Allatt Walsh Foundation
Allatt Walsh Foundation (EIN: 202515474) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code T22. The organization reported total revenue of $236K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Allatt Walsh Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Allatt Walsh Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $298K |
| Surplus / Deficit | $-204,609 |
| Total Assets | $3.3M |
| Total Liabilities | $1 |
| Net Assets | $3.3M |
| Operating Margin | -218.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 133.2 months |
Financial Health Grade: B
In 2023, Allatt Walsh Foundation reported a deficit of $205K with expenses exceeding revenue, holds 133.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Allatt Walsh Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -154.7% | +21.6% | -9.4% |
| 2021 | -79.1% | -5.6% | -2.0% |
| 2020 | +1365.9% | -2.2% | +14.7% |
| 2019 | -60.7% | -13.9% | -15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Allatt Walsh Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Allatt Walsh Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $205K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly efficient for an organization of its asset size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Allatt Walsh Foundation's IRS 990 filings:
- Consistent operating deficits (e.g., 2023 expenses $298,369 vs. revenue $93,760)
- Negative revenue reported in 2022 ($-80,257)
- Gradual decline in total assets over the past decade (from $4,065,554 in 2015 to $3,350,412 currently)
- Reliance on asset drawdowns to cover expenses
Strengths
The following positive indicators were identified for Allatt Walsh Foundation:
- Zero officer compensation reported, indicating efficient executive cost management
- Substantial asset base ($3,350,412) provides a buffer, despite decline
- Low liabilities reported across all periods ($0 or $1)
Frequently Asked Questions about Allatt Walsh Foundation
Is Allatt Walsh Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Allatt Walsh Foundation (EIN: 202515474) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Allatt Walsh Foundation spend its money?
Allatt Walsh Foundation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Allatt Walsh Foundation tax-deductible?
Allatt Walsh Foundation is registered as a tax-exempt nonprofit (EIN: 202515474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Allatt Walsh Foundation's spending goes to programs?
Allatt Walsh Foundation directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Allatt Walsh Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Allatt Walsh Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Allatt Walsh Foundation located?
Allatt Walsh Foundation is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 202515474. It is classified under NTEE code T22.
How many years of IRS 990 filings does Allatt Walsh Foundation have?
Allatt Walsh Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $236K in total revenue.
Is the Allatt Walsh Foundation financially sustainable?
Based on the consistent operating deficits, where expenses frequently exceed revenue (e.g., $298,369 expenses vs. $93,760 revenue in 2023), the foundation's current financial model appears unsustainable without relying on its asset base.
Why does the foundation have negative revenue in 2022?
The filing for 202212 shows a revenue of $-80,257. This could be due to significant investment losses, returns of grants, or other unusual financial adjustments, which warrants further investigation into the specific filing details.
What is the primary source of funding for the foundation?
Given the fluctuating and often insufficient revenue compared to expenses, the primary source of funding is not consistently clear from the provided data. The organization appears to be drawing down its assets to cover operational costs.
How does the foundation manage its significant assets?
The foundation holds substantial assets, currently $3,350,412, which have been declining over time. The management strategy for these assets, especially in light of consistent operating deficits, is not detailed in the provided summary but is crucial for long-term viability.
Filing History
IRS 990 filing history for Allatt Walsh Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Allatt Walsh Foundation's revenue has declined by 11.7%, moving from $106K to $94K. Total assets decreased by 8.4% over the same period, from $3.6M to $3.3M. Total functional expenses rose by 96.6%, from $152K to $298K. In its most recent filing year (2023), Allatt Walsh Foundation reported a deficit of $205K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $298K | $3.3M | $1 | — | View 990 |
| 2022 | $-80,257 | $275K | $3.5M | $1 | — | View 990 |
| 2021 | $147K | $226K | $3.9M | $1 | — | View 990 |
| 2020 | $702K | $239K | $4.0M | $1 | — | — |
| 2019 | $48K | $245K | $3.5M | $0 | — | View 990 |
| 2015 | $122K | $284K | $4.1M | $1 | — | View 990 |
| 2014 | $477K | $235K | $3.7M | $1 | — | View 990 |
| 2013 | $151K | $199K | $3.4M | $0 | — | View 990 |
| 2012 | $104K | $240K | $3.5M | $1 | — | View 990 |
| 2011 | $106K | $152K | $3.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94K, expenses of $298K, and assets of $3.3M.
- 2022: Revenue of $-80,257, expenses of $275K, and assets of $3.5M (revenue -154.7% year-over-year).
- 2021: Revenue of $147K, expenses of $226K, and assets of $3.9M (revenue -79.1% year-over-year).
- 2020: Revenue of $702K, expenses of $239K, and assets of $4.0M (revenue +1365.9% year-over-year).
- 2019: Revenue of $48K, expenses of $245K, and assets of $3.5M (revenue -60.7% year-over-year).
- 2015: Revenue of $122K, expenses of $284K, and assets of $4.1M (revenue -74.5% year-over-year).
- 2014: Revenue of $477K, expenses of $235K, and assets of $3.7M (revenue +216.5% year-over-year).
- 2013: Revenue of $151K, expenses of $199K, and assets of $3.4M (revenue +44.3% year-over-year).
- 2012: Revenue of $104K, expenses of $240K, and assets of $3.5M (revenue -1.7% year-over-year).
- 2011: Revenue of $106K, expenses of $152K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Allatt Walsh Foundation:
Data Sources and Methodology
This transparency report for Allatt Walsh Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.