Egw Foundation Inc
Egw Foundation Inc consistently operates at a deficit, drawing down assets to cover expenses.
EIN: 204662760 · Tampa, FL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $401K |
| Program Spending | 75% |
| Net Assets | $5.4M |
| Transparency Score | 45/100 |
Is Egw Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Egw Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Egw Foundation Inc
Egw Foundation Inc (EIN: 204662760) is a nonprofit organization based in Tampa, FL, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Egw Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Egw Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -17.2%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $120K |
| Total Expenses | $401K |
| Surplus / Deficit | $-280,764 |
| Total Assets | $5.4M |
| Total Liabilities | $796 |
| Net Assets | $5.4M |
| Operating Margin | -234.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 162.2 months |
Financial Health Grade: B
In 2020, Egw Foundation Inc reported a deficit of $281K with expenses exceeding revenue, holds 162.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Egw Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -59.1% | +0.6% | -5.0% |
| 2019 | +838.8% | +4.8% | -14.4% |
| 2015 | -90.0% | -4.7% | -5.0% |
| 2014 | -2.4% | -5.9% | -1.4% |
| 2013 | +23.5% | +3.9% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Egw Foundation Inc with a Mission Score of 45 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Egw Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $281K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Egw Foundation Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a positive sign for resource allocation.
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 Egw Foundation Inc's IRS 990 filings:
- Consistent and significant operational deficits (e.g., 2020: $119,922 revenue vs. $400,686 expenses).
- Steady decline in total assets over time (from $7.3M in 2011 to $5.4M in 2020).
- Expenses consistently exceeding revenue across multiple reporting periods.
Strengths
The following positive indicators were identified for Egw Foundation Inc:
- No reported officer compensation, indicating efficient use of funds at the executive level.
- Substantial asset base, despite the decline, providing a buffer for operations.
Frequently Asked Questions about Egw Foundation Inc
Is Egw Foundation Inc a legitimate charity?
Egw Foundation Inc (EIN: 204662760) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 45/100. It has 7 years of IRS 990 filings on record. Total revenue: $1.2M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Egw Foundation Inc spend its money?
Egw Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Egw Foundation Inc tax-deductible?
Egw Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204662760). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Egw Foundation Inc's spending goes to programs?
Egw Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Egw Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Egw Foundation Inc is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Egw Foundation Inc located?
Egw Foundation Inc is headquartered in Tampa, Florida and files with the IRS under EIN 204662760. It is classified under NTEE code T20.
How many years of IRS 990 filings does Egw Foundation Inc have?
Egw Foundation Inc has 7 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 $1.2M in total revenue.
How does Egw Foundation Inc cover its consistent operational deficits?
The organization appears to cover its operational deficits by drawing down its assets, which have decreased from $7,377,172 in 2011 to $5,416,656 in 2020.
What are the specific program activities of Egw Foundation Inc?
The provided data does not detail the specific program activities, only the NTEE code T20, which broadly covers Philanthropy, Voluntarism, and Grantmaking Foundations.
Is the decline in assets a sustainable trend for Egw Foundation Inc?
No, a continuous decline in assets to cover ongoing operational deficits is not a sustainable financial trend for any organization.
Filing History
IRS 990 filing history for Egw Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Egw Foundation Inc's revenue has declined by 81.7%, moving from $655K to $120K. Total assets decreased by 26.6% over the same period, from $7.4M to $5.4M. Total functional expenses fell by 19.2%, from $496K to $401K. In its most recent filing year (2020), Egw Foundation Inc reported a deficit of $281K, with expenses exceeding revenue. The organization holds $796 in liabilities against $5.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $120K | $401K | $5.4M | $796 | — | View 990 |
| 2019 | $293K | $398K | $5.7M | $3K | — | — |
| 2015 | $31K | $380K | $6.7M | $1 | — | View 990 |
| 2014 | $313K | $399K | $7.0M | $796 | — | View 990 |
| 2013 | $321K | $424K | $7.1M | $1K | — | View 990 |
| 2012 | $260K | $408K | $7.2M | $692 | — | View 990 |
| 2011 | $655K | $496K | $7.4M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $120K, expenses of $401K, and assets of $5.4M (revenue -59.1% year-over-year).
- 2019: Revenue of $293K, expenses of $398K, and assets of $5.7M (revenue +838.8% year-over-year).
- 2015: Revenue of $31K, expenses of $380K, and assets of $6.7M (revenue -90.0% year-over-year).
- 2014: Revenue of $313K, expenses of $399K, and assets of $7.0M (revenue -2.4% year-over-year).
- 2013: Revenue of $321K, expenses of $424K, and assets of $7.1M (revenue +23.5% year-over-year).
- 2012: Revenue of $260K, expenses of $408K, and assets of $7.2M (revenue -60.3% year-over-year).
- 2011: Revenue of $655K, expenses of $496K, and assets of $7.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Egw Foundation Inc:
Data Sources and Methodology
This transparency report for Egw Foundation Inc 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.