Curtis And Katharine Welling Foundation
Curtis And Katharine Welling Foundation reports minimal revenue and no expenses in recent years, maintaining stable assets.
EIN: 112848995 · Norwich, VT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Net Assets | $91K |
| Transparency Score | 40/100 |
Is Curtis And Katharine Welling Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Curtis And Katharine Welling Foundation
Curtis And Katharine Welling Foundation (EIN: 112848995) is a nonprofit organization based in Norwich, VT. The organization reported total revenue of $1 and total assets of $91K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Curtis And Katharine Welling Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Curtis And Katharine Welling Foundation is a micro nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $0 |
| Surplus / Deficit | +$1 |
| Total Assets | $91K |
| Total Liabilities | $1 |
| Net Assets | $91K |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 0.0% |
Financial Health Grade: A
In 2023, Curtis And Katharine Welling Foundation reported a surplus of $1 with revenue exceeding expenses, has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Curtis And Katharine Welling Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | — | +0.0% |
| 2022 | +0.0% | — | +0.0% |
| 2021 | -66.7% | — | +0.0% |
| 2020 | -87.5% | — | +0.0% |
| 2019 | +2300.0% | — | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Curtis And Katharine Welling Foundation with a Mission Score of 40 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Curtis And Katharine Welling Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is typical for very small or volunteer-run foundations.
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 Curtis And Katharine Welling Foundation's IRS 990 filings:
- Unknown NTEE code makes programmatic assessment difficult
- Consistently minimal revenue and zero expenses in recent years suggest inactivity or very limited operations
Strengths
The following positive indicators were identified for Curtis And Katharine Welling Foundation:
- Consistent IRS 990 filing history demonstrates transparency
- Stable asset base of approximately $91,000 over many years
- No officer compensation reported, indicating low overhead
Frequently Asked Questions about Curtis And Katharine Welling Foundation
Is Curtis And Katharine Welling Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Curtis And Katharine Welling Foundation (EIN: 112848995) significant concerns. Mission Score: 40/100. 2 red flags identified, 3 strengths noted.
How does Curtis And Katharine Welling Foundation spend its money?
Detailed spending breakdown data is not yet available for Curtis And Katharine Welling Foundation. Check back for updated IRS 990 analysis.
Are donations to Curtis And Katharine Welling Foundation tax-deductible?
Curtis And Katharine Welling Foundation is registered as a tax-exempt nonprofit (EIN: 112848995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Curtis And Katharine Welling Foundation located?
Curtis And Katharine Welling Foundation is headquartered in Norwich, Vermont and files with the IRS under EIN 112848995.
How many years of IRS 990 filings does Curtis And Katharine Welling Foundation have?
Curtis And Katharine Welling 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 $1 in total revenue.
What is the primary purpose or mission of the Curtis And Katharine Welling Foundation?
Based on the provided financial data, the specific mission or programmatic activities are not clear. The NTEE code is unknown, and with minimal to no expenses reported, it's difficult to ascertain its operational focus or grant-making activities from the IRS 990 filings alone.
Does the foundation make grants or donations?
The provided data does not detail specific grants or donations made. With reported expenses of $0 for the last five periods, it suggests that if grants are made, they are either extremely infrequent, very small, or not categorized as expenses in the provided summary.
Why does the foundation report such low revenue and expenses?
The consistently low revenue (often $1-$3) and zero expenses in recent years suggest that the foundation may be a private non-operating foundation, possibly holding assets for future use, or it may be a very small, passively managed entity with minimal financial activity.
Filing History
IRS 990 filing history for Curtis And Katharine Welling Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Curtis And Katharine Welling Foundation's revenue has declined by 85.7%, moving from $7 to $1. Total assets decreased by 0.7% over the same period, from $92K to $91K. Total functional expenses fell by 100%, from $125 to $0. The organization holds $1 in liabilities against $91K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $91K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $0 | $91K | $1 | — | — |
| 2022 | $1 | $0 | $91K | $1 | — | View 990 |
| 2021 | $1 | $0 | $91K | $1 | — | — |
| 2020 | $3 | $0 | $91K | $1 | — | — |
| 2019 | $24 | $0 | $91K | $1 | — | View 990 |
| 2015 | $1 | $0 | $91K | $0 | — | View 990 |
| 2014 | $0 | $175 | $91K | $0 | — | View 990 |
| 2013 | $0 | $365 | $92K | $0 | — | View 990 |
| 2012 | $0 | $125 | $92K | $0 | — | View 990 |
| 2011 | $7 | $125 | $92K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $0, and assets of $91K (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $91K (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $0, and assets of $91K (revenue -66.7% year-over-year).
- 2020: Revenue of $3, expenses of $0, and assets of $91K (revenue -87.5% year-over-year).
- 2019: Revenue of $24, expenses of $0, and assets of $91K (revenue +2300.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $91K.
- 2014: Revenue of $0, expenses of $175, and assets of $91K.
- 2013: Revenue of $0, expenses of $365, and assets of $92K.
- 2012: Revenue of $0, expenses of $125, and assets of $92K (revenue -100.0% year-over-year).
- 2011: Revenue of $7, expenses of $125, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Curtis And Katharine Welling Foundation:
Data Sources and Methodology
This transparency report for Curtis And Katharine Welling 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.