Ezulwini Foundation Inc
Ezulwini Foundation shows fluctuating financial performance with declining assets and no reported officer compensation.
EIN: 208762540 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $239K |
| Total Expenses | $261K |
| Program Spending | 80% |
| Net Assets | $3.9M |
| Transparency Score | 70/100 |
Is Ezulwini Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ezulwini Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ezulwini Foundation Inc
Ezulwini Foundation Inc (EIN: 208762540) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $239K and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ezulwini Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ezulwini Foundation Inc is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $283K |
| Total Expenses | $261K |
| Surplus / Deficit | +$22K |
| Total Assets | $3.9M |
| Total Liabilities | $1 |
| Net Assets | $3.9M |
| Operating Margin | 7.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 180.8 months |
Financial Health Grade: A
In 2023, Ezulwini Foundation Inc reported a surplus of $22K with revenue exceeding expenses, holds 180.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Ezulwini Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.4% | -23.0% | +0.6% |
| 2022 | +5.9% | -0.8% | -1.9% |
| 2021 | +487.1% | +7.2% | -2.3% |
| 2020 | -90.8% | +2.3% | -9.8% |
| 2019 | +182.7% | +3.0% | -6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Ezulwini Foundation Inc with a Mission Score of 70 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, Ezulwini Foundation Inc 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 surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure, which significantly reduces administrative overhead but may limit capacity for growth or complex operations.
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 Ezulwini Foundation Inc's IRS 990 filings:
- Consistent decline in total assets over the past decade, from $4,953,177 in 2014 to $3,925,366 in 2023.
- Multiple years of significant operating deficits (e.g., 2022: $74,733 deficit; 2021: $92,068 deficit; 2020: $275,441 deficit).
- Highly volatile revenue streams, with a massive spike in 2013 ($3.68M) not seen in other years, making long-term financial planning potentially challenging.
Strengths
The following positive indicators were identified for Ezulwini Foundation Inc:
- Consistent transparency with a decade of IRS 990 filings.
- Extremely low liabilities, consistently reported as $0 or $1, indicating strong financial solvency.
- No reported officer compensation, suggesting a highly efficient, volunteer-driven leadership structure.
- Maintained substantial assets over $3.9 million, providing a strong financial base despite recent declines.
Frequently Asked Questions about Ezulwini Foundation Inc
Is Ezulwini Foundation Inc a legitimate charity?
Ezulwini Foundation Inc (EIN: 208762540) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $239K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Ezulwini Foundation Inc spend its money?
Ezulwini Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ezulwini Foundation Inc tax-deductible?
Ezulwini Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208762540). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ezulwini Foundation Inc's spending goes to programs?
Ezulwini Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ezulwini Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Ezulwini Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ezulwini Foundation Inc located?
Ezulwini Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 208762540. It is classified under NTEE code T20.
How many years of IRS 990 filings does Ezulwini Foundation Inc have?
Ezulwini Foundation Inc 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 $239K in total revenue.
Why have assets declined from nearly $5 million in 2014 to under $4 million in 2023?
The filings show a consistent decrease in assets from a high of $4,953,177 in 2014 to $3,925,366 in 2023, despite periods of revenue exceeding expenses. This trend suggests either significant program spending not fully captured in expense data, asset depreciation, or divestment that warrants further inquiry.
How does the organization sustain operations with no reported officer compensation?
The consistent reporting of 0% officer compensation implies that executive leadership is entirely volunteer-based. This model can be highly efficient but may also indicate a smaller operational scale or reliance on external support for management functions.
What caused the significant revenue spike in 2013 ($3,683,391) compared to other years?
The 2013 filing shows an extraordinary revenue of $3,683,391, which is an outlier compared to typical annual revenues ranging from $42,000 to $463,000. Understanding the source and nature of this one-time influx is crucial for assessing the organization's long-term funding model.
What is the specific breakdown of program activities given the NTEE code T20 (Philanthropy, Voluntarism & Grantmaking Foundations)?
As a grantmaking foundation, the primary program activity would likely be grants to other organizations. A detailed breakdown of grant recipients and their impact would provide greater insight into the foundation's mission fulfillment.
Filing History
IRS 990 filing history for Ezulwini Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ezulwini Foundation Inc's revenue has grown by 569.5%, moving from $42K to $283K. Total assets increased by 236.7% over the same period, from $1.2M to $3.9M. Total functional expenses rose by 410.6%, from $51K to $261K. In its most recent filing year (2023), Ezulwini Foundation Inc reported a surplus of $22K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $283K | $261K | $3.9M | $1 | — | — |
| 2022 | $263K | $338K | $3.9M | $1 | — | View 990 |
| 2021 | $249K | $341K | $4.0M | $1 | — | View 990 |
| 2020 | $42K | $318K | $4.1M | $1 | — | View 990 |
| 2019 | $463K | $311K | $4.5M | $1 | — | View 990 |
| 2015 | $164K | $301K | $4.8M | $0 | — | View 990 |
| 2014 | $335K | $223K | $5.0M | $1 | — | View 990 |
| 2013 | $3.7M | $77K | $4.8M | $0 | — | View 990 |
| 2012 | $121K | $52K | $1.2M | $1 | — | View 990 |
| 2011 | $42K | $51K | $1.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $283K, expenses of $261K, and assets of $3.9M (revenue +7.4% year-over-year).
- 2022: Revenue of $263K, expenses of $338K, and assets of $3.9M (revenue +5.9% year-over-year).
- 2021: Revenue of $249K, expenses of $341K, and assets of $4.0M (revenue +487.1% year-over-year).
- 2020: Revenue of $42K, expenses of $318K, and assets of $4.1M (revenue -90.8% year-over-year).
- 2019: Revenue of $463K, expenses of $311K, and assets of $4.5M (revenue +182.7% year-over-year).
- 2015: Revenue of $164K, expenses of $301K, and assets of $4.8M (revenue -51.2% year-over-year).
- 2014: Revenue of $335K, expenses of $223K, and assets of $5.0M (revenue -90.9% year-over-year).
- 2013: Revenue of $3.7M, expenses of $77K, and assets of $4.8M (revenue +2947.8% year-over-year).
- 2012: Revenue of $121K, expenses of $52K, and assets of $1.2M (revenue +185.8% year-over-year).
- 2011: Revenue of $42K, expenses of $51K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ezulwini Foundation Inc:
Data Sources and Methodology
This transparency report for Ezulwini 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.