Egg Foundation
Egg Foundation reports substantial assets but recent years show expenses significantly exceeding revenue.
EIN: 208090285 · Madison, WI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $4.3M |
| Program Spending | 80% |
| Net Assets | $67.3M |
| Transparency Score | 75/100 |
Is Egg Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Egg Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Egg Foundation
Egg Foundation (EIN: 208090285) is a nonprofit organization based in Madison, WI, classified under NTEE code T22. The organization reported total revenue of $4.4M and total assets of $74.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Egg Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Egg Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $417K |
| Total Expenses | $4.3M |
| Surplus / Deficit | $-3,855,676 |
| Total Assets | $67.4M |
| Total Liabilities | $46K |
| Net Assets | $67.3M |
| Operating Margin | -924.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 189.2 months |
Financial Health Grade: B
In 2023, Egg Foundation reported a deficit of $3.9M with expenses exceeding revenue, holds 189.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.7% | -7.4% | -1.9% |
| 2022 | -28.2% | +42.2% | -24.4% |
| 2021 | -45.0% | +16.0% | +16.6% |
| 2020 | +15.3% | +14.4% | +23.2% |
| 2019 | +193.2% | +56.5% | +114.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Egg Foundation with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Egg Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $3.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for financial efficiency and transparency.
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 Egg Foundation's IRS 990 filings:
- Significant and consistent negative operating margins in recent years (e.g., 2023 revenue $416,938 vs. expenses $4,272,614)
- High volatility in annual revenue figures, making financial planning potentially challenging.
Strengths
The following positive indicators were identified for Egg Foundation:
- Substantial and growing asset base, providing financial stability and endowment for future operations (latest assets: $74,393,390).
- Consistent reporting of 0% officer compensation, indicating strong financial efficiency and transparency regarding executive pay.
- Long history of IRS 990 filings (10 filings), suggesting established operations and compliance.
Frequently Asked Questions about Egg Foundation
Is Egg Foundation a legitimate charity?
Egg Foundation (EIN: 208090285) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.4M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Egg Foundation spend its money?
Egg Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Egg Foundation tax-deductible?
Egg Foundation is registered as a tax-exempt nonprofit (EIN: 208090285). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Egg Foundation's spending goes to programs?
Egg Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Egg Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Egg Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Egg Foundation located?
Egg Foundation is headquartered in Madison, Wisconsin and files with the IRS under EIN 208090285. It is classified under NTEE code T22.
How many years of IRS 990 filings does Egg Foundation have?
Egg 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 $4.4M in total revenue.
Is Egg Foundation a good charity?
Egg Foundation appears to be a financially stable organization with substantial assets. Its consistent reporting of 0% officer compensation is a significant positive. However, recent years show expenses considerably outpacing revenue, which could raise questions about long-term operational sustainability if not supported by investment returns or other non-operating income. As a grantmaking foundation, its 'goodness' would also depend on the impact and effectiveness of the grants it distributes, which is not detailed in this data.
How does Egg Foundation sustain operations with revenue often lower than expenses?
Given its substantial asset base (e.g., $74,393,390 in the latest period), Egg Foundation likely relies on investment income from its endowment to cover operational expenses, especially in years where direct revenue (contributions, etc.) is significantly less than total expenses, such as in 2023 where revenue was $416,938 and expenses were $4,272,614.
What is the trend in Egg Foundation's asset growth?
Egg Foundation has shown significant asset growth over the years, from $16,688,460 in 2011 to $74,393,390 in the latest period, peaking at $90,894,674 in 2021. This indicates strong financial management of its endowment.
Filing History
IRS 990 filing history for Egg Foundation showing financial trends over 10 years of public records:
Total assets increased by 303.7% over the same period, from $16.7M to $67.4M. Total functional expenses rose by 552.3%, from $655K to $4.3M. In its most recent filing year (2023), Egg Foundation reported a deficit of $3.9M, with expenses exceeding revenue. The organization holds $46K in liabilities against $67.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $67.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $417K | $4.3M | $67.4M | $46K | — | — |
| 2022 | $2.9M | $4.6M | $68.7M | $7.3M | — | View 990 |
| 2021 | $4.1M | $3.2M | $90.9M | $6.1M | — | View 990 |
| 2020 | $7.4M | $2.8M | $77.9M | $5.0M | — | View 990 |
| 2019 | $6.4M | $2.4M | $63.2M | $5.0M | — | View 990 |
| 2015 | $2.2M | $1.6M | $29.5M | $2.7M | — | View 990 |
| 2014 | $2.4M | $1.3M | $27.8M | $688K | — | View 990 |
| 2013 | $1.7M | $997K | $28.0M | $8K | — | View 990 |
| 2012 | $232K | $765K | $22.0M | $0 | — | View 990 |
| 2011 | $-233,793 | $655K | $16.7M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $417K, expenses of $4.3M, and assets of $67.4M (revenue -85.7% year-over-year).
- 2022: Revenue of $2.9M, expenses of $4.6M, and assets of $68.7M (revenue -28.2% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.2M, and assets of $90.9M (revenue -45.0% year-over-year).
- 2020: Revenue of $7.4M, expenses of $2.8M, and assets of $77.9M (revenue +15.3% year-over-year).
- 2019: Revenue of $6.4M, expenses of $2.4M, and assets of $63.2M (revenue +193.2% year-over-year).
- 2015: Revenue of $2.2M, expenses of $1.6M, and assets of $29.5M (revenue -10.8% year-over-year).
- 2014: Revenue of $2.4M, expenses of $1.3M, and assets of $27.8M (revenue +46.2% year-over-year).
- 2013: Revenue of $1.7M, expenses of $997K, and assets of $28.0M (revenue +621.0% year-over-year).
- 2012: Revenue of $232K, expenses of $765K, and assets of $22.0M.
- 2011: Revenue of $-233,793, expenses of $655K, and assets of $16.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Egg Foundation:
Data Sources and Methodology
This transparency report for Egg 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.