Elwyn Foundation
Elwyn Foundation shows significant asset growth despite fluctuating annual revenues and expenses.
EIN: 201915642 · Elwyn, PA · NTEE: P11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.0M |
| Total Expenses | $7.3M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $94.1M |
| Transparency Score | 75/100 |
Is Elwyn Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elwyn Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elwyn Foundation
Elwyn Foundation (EIN: 201915642) is a nonprofit organization based in Elwyn, PA, classified under NTEE code P11. The organization reported total revenue of $20.0M and total assets of $105.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elwyn Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elwyn Foundation is a large nonprofit that has been operating for 5 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.9M |
| Total Expenses | $7.3M |
| Surplus / Deficit | $-1,496,085 |
| Total Assets | $98.8M |
| Total Liabilities | $4.7M |
| Net Assets | $94.1M |
| Operating Margin | -25.6% |
| Debt-to-Asset Ratio | 4.7% |
| Months of Reserves | 161.3 months |
Financial Health Grade: B
In 2023, Elwyn Foundation reported a deficit of $1.5M with expenses exceeding revenue, holds 161.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Elwyn Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.9% | +44.8% | +27.8% |
| 2022 | -18.4% | +123.1% | -11.5% |
| 2021 | +309.9% | +0.4% | +74.2% |
| 2020 | -22.9% | -5.0% | +750.6% |
| 2019 | +76.7% | -18.7% | +62.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
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 Elwyn 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: 75%
- fundraising: 10%
According to IRS 990 filings, Elwyn Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size with over $100 million in assets, suggesting either a unique operational model or that compensation is reported under a different category not captured by 'Officer Comp'.
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 Elwyn Foundation's IRS 990 filings:
- Consistent 0% officer compensation for a large organization, which may obscure actual executive remuneration.
- Significant year-to-year fluctuations in revenue and expenses, indicating potential instability or project-based funding.
- Operational deficit in 2023 where expenses ($7,348,201) exceeded revenue ($5,852,116).
Strengths
The following positive indicators were identified for Elwyn Foundation:
- Substantial growth in assets from $5.8 million in 2019 to $98.7 million in 2023, indicating strong financial accumulation.
- Strong asset base of $105,647,399, providing financial stability and capacity.
- Low liabilities relative to assets in recent years (e.g., $4.6M liabilities vs. $98.7M assets in 2023), suggesting good debt management.
Frequently Asked Questions about Elwyn Foundation
Is Elwyn Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Elwyn Foundation (EIN: 201915642) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Elwyn Foundation spend its money?
Elwyn Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elwyn Foundation tax-deductible?
Elwyn Foundation is registered as a tax-exempt nonprofit (EIN: 201915642). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Elwyn Foundation CEO make?
Elwyn Foundation's highest-compensated officer earns $100 annually. The organization reported $20.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Elwyn Foundation's spending goes to programs?
Elwyn Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Elwyn Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Elwyn Foundation is above average for NTEE category P11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elwyn Foundation located?
Elwyn Foundation is headquartered in Elwyn, Pennsylvania and files with the IRS under EIN 201915642. It is classified under NTEE code P11.
How many years of IRS 990 filings does Elwyn Foundation have?
Elwyn Foundation has 13 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 $20.0M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all 13 filings is highly unusual for an organization with assets exceeding $100 million and annual revenues in the millions. This could indicate that executive salaries are paid by a related entity, are extremely low, or are categorized differently in the 990, warranting further investigation into the organization's compensation practices.
What caused the significant increase in assets from $5.8 million in 2019 to $98.7 million in 2023?
The dramatic increase in assets from $5,895,004 in 2019 to $98,763,227 in 2023 is a key financial event. This growth could be due to large donations, successful investment strategies, acquisition of property, or a merger/consolidation, and understanding its source is crucial for assessing financial health and strategic direction.
How does the organization manage its operational deficits, such as the one in 2023 where expenses ($7.3M) exceeded revenue ($5.8M)?
In 2023, the Elwyn Foundation experienced an operational deficit of approximately $1.5 million. Understanding how the organization covers such deficits, whether through reserves, investment income, or other funding sources, is important for evaluating its long-term financial sustainability.
Filing History
IRS 990 filing history for Elwyn Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elwyn Foundation's revenue has grown by 292%, moving from $1.5M to $5.9M. Total assets increased by 23017.9% over the same period, from $427K to $98.8M. Total functional expenses rose by 110.3%, from $3.5M to $7.3M. In its most recent filing year (2023), Elwyn Foundation reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $4.7M in liabilities against $98.8M in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $94.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.9M | $7.3M | $98.8M | $4.7M | — | — |
| 2022 | $7.0M | $5.1M | $77.3M | $1.5M | — | View 990 |
| 2021 | $8.5M | $2.3M | $87.4M | $3.0M | — | View 990 |
| 2020 | $2.1M | $2.3M | $50.1M | $698K | — | View 990 |
| 2019 | $2.7M | $2.4M | $5.9M | $1.8M | — | View 990 |
| 2018 | $1.5M | $2.9M | $3.6M | $22K | — | View 990 |
| 2017 | $2.6M | $2.0M | $4.9M | $65K | — | View 990 |
| 2016 | $2.3M | $2.3M | $2.0M | $79K | — | View 990 |
| 2015 | $2.2M | $1.8M | $1.9M | $10K | — | View 990 |
| 2014 | $2.4M | $1.7M | $1.5M | $37K | — | View 990 |
| 2013 | $2.0M | $1.5M | $620K | $10K | — | View 990 |
| 2012 | $1.3M | $1.4M | $440K | $360K | — | View 990 |
| 2011 | $1.5M | $3.5M | $427K | $255K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.9M, expenses of $7.3M, and assets of $98.8M (revenue -15.9% year-over-year).
- 2022: Revenue of $7.0M, expenses of $5.1M, and assets of $77.3M (revenue -18.4% year-over-year).
- 2021: Revenue of $8.5M, expenses of $2.3M, and assets of $87.4M (revenue +309.9% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.3M, and assets of $50.1M (revenue -22.9% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.4M, and assets of $5.9M (revenue +76.7% year-over-year).
- 2018: Revenue of $1.5M, expenses of $2.9M, and assets of $3.6M (revenue -41.7% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.0M, and assets of $4.9M (revenue +11.4% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.3M, and assets of $2.0M (revenue +6.5% year-over-year).
- 2015: Revenue of $2.2M, expenses of $1.8M, and assets of $1.9M (revenue -9.2% year-over-year).
- 2014: Revenue of $2.4M, expenses of $1.7M, and assets of $1.5M (revenue +22.9% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.5M, and assets of $620K (revenue +50.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.4M, and assets of $440K (revenue -11.9% year-over-year).
- 2011: Revenue of $1.5M, expenses of $3.5M, and assets of $427K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elwyn Foundation:
Data Sources and Methodology
This transparency report for Elwyn 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.