Allwin Family Foundation
Allwin Family Foundation's financial activity has significantly declined, with recent annual revenues under $10,000 and assets under $2,000.
EIN: 137088461 · Greenwich, CT · NTEE: T31J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $8K |
| Program Spending | 90% |
| Net Assets | $2K |
| Transparency Score | 65/100 |
Is Allwin Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Allwin Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Allwin Family Foundation
Allwin Family Foundation (EIN: 137088461) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T31J. The organization reported total revenue of $9K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Allwin Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Allwin Family Foundation is a micro nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -18.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $8K |
| Surplus / Deficit | +$0 |
| Total Assets | $2K |
| Total Liabilities | $1 |
| Net Assets | $2K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 2.9 months |
Financial Health Grade: B
In 2023, Allwin Family Foundation reported a surplus of $0 with revenue exceeding expenses, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Allwin Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -18.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.0% | -55.7% | +0.0% |
| 2022 | +3.6% | +156.5% | -86.0% |
| 2021 | +23.3% | +9.6% | -7.3% |
| 2020 | -27.6% | -80.3% | -9.7% |
| 2019 | -99.4% | -96.8% | -91.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Allwin Family Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Allwin Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating either a volunteer-run organization or that compensation is not a significant financial factor for this very small foundation.
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 Allwin Family Foundation's IRS 990 filings:
- Significant decline in revenue and assets over time, from $1,015,416 revenue in 2015 to $7,734 in 2023, and assets from $836,329 in 2011 to $1,877 in 2023.
- Expenses frequently exceed revenue in recent years (e.g., 2022 expenses of $17,449 vs. revenue of $5,949), indicating reliance on prior assets or contributions.
Strengths
The following positive indicators were identified for Allwin Family Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating good transparency regarding executive pay or a volunteer-led structure.
- Consistent filing of IRS Form 990s, demonstrating compliance with reporting requirements.
Frequently Asked Questions about Allwin Family Foundation
Is Allwin Family Foundation a legitimate charity?
Allwin Family Foundation (EIN: 137088461) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $9K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Allwin Family Foundation spend its money?
Allwin Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Allwin Family Foundation tax-deductible?
Allwin Family Foundation is registered as a tax-exempt nonprofit (EIN: 137088461). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Allwin Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Allwin Family Foundation is above average for NTEE category T31J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Allwin Family Foundation located?
Allwin Family Foundation is headquartered in Greenwich, Connecticut and files with the IRS under EIN 137088461. It is classified under NTEE code T31J.
How many years of IRS 990 filings does Allwin Family Foundation have?
Allwin Family 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 $9K in total revenue.
What is the current operational status of the Allwin Family Foundation given its significantly reduced financial activity?
The foundation appears to be operating at a very minimal level, with recent annual revenues under $10,000 and assets under $2,000, a stark contrast to its activity in earlier years (e.g., $1,015,416 revenue in 2015).
Why have the assets of the foundation decreased so dramatically from $836,329 in 2011 to $1,877 in 2023?
The significant decline in assets suggests substantial distributions of funds over the years, or a deliberate reduction in the foundation's capital base, possibly indicating a shift in its operational strategy or a planned spend-down.
Does the Allwin Family Foundation primarily make grants or operate its own programs?
Given its NTEE code (T31J - Private Grantmaking Foundations) and the typical structure of family foundations, it is highly probable that its primary activity is making grants rather than directly operating programs, especially at its current small scale.
Filing History
IRS 990 filing history for Allwin Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Allwin Family Foundation's revenue has declined by 91.4%, moving from $90K to $8K. Total assets decreased by 99.8% over the same period, from $836K to $2K. Total functional expenses fell by 97.2%, from $274K to $8K. In its most recent filing year (2023), Allwin Family Foundation reported a surplus of $0, with revenue exceeding expenses. The organization holds $1 in liabilities against $2K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $8K | $2K | $1 | — | — |
| 2022 | $6K | $17K | $2K | $1 | — | — |
| 2021 | $6K | $7K | $13K | $1 | — | — |
| 2020 | $5K | $6K | $14K | $1 | — | — |
| 2019 | $6K | $31K | $16K | $1 | — | — |
| 2015 | $1.0M | $978K | $177K | $1 | — | View 990 |
| 2014 | $303K | $414K | $140K | $1 | — | View 990 |
| 2013 | $67K | $445K | $251K | $1 | — | View 990 |
| 2012 | $353K | $561K | $629K | $1 | — | View 990 |
| 2011 | $90K | $274K | $836K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $8K, and assets of $2K (revenue +30.0% year-over-year).
- 2022: Revenue of $6K, expenses of $17K, and assets of $2K (revenue +3.6% year-over-year).
- 2021: Revenue of $6K, expenses of $7K, and assets of $13K (revenue +23.3% year-over-year).
- 2020: Revenue of $5K, expenses of $6K, and assets of $14K (revenue -27.6% year-over-year).
- 2019: Revenue of $6K, expenses of $31K, and assets of $16K (revenue -99.4% year-over-year).
- 2015: Revenue of $1.0M, expenses of $978K, and assets of $177K (revenue +235.2% year-over-year).
- 2014: Revenue of $303K, expenses of $414K, and assets of $140K (revenue +352.1% year-over-year).
- 2013: Revenue of $67K, expenses of $445K, and assets of $251K (revenue -81.0% year-over-year).
- 2012: Revenue of $353K, expenses of $561K, and assets of $629K (revenue +292.5% year-over-year).
- 2011: Revenue of $90K, expenses of $274K, and assets of $836K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Allwin Family Foundation:
Data Sources and Methodology
This transparency report for Allwin Family 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.