Fwg Foundation
Fwg Foundation maintains strong assets and zero executive compensation despite recent revenue dip and increased expenses.
EIN: 208032599 · Rothbury, MI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.1M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $8.8M |
| Transparency Score | 95/100 |
Is Fwg Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fwg Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fwg Foundation
Fwg Foundation (EIN: 208032599) is a nonprofit organization based in Rothbury, MI, classified under NTEE code T20. The organization reported total revenue of $10.1M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fwg Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fwg Foundation is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $530K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-573,078 |
| Total Assets | $8.8M |
| Total Liabilities | $1 |
| Net Assets | $8.8M |
| Operating Margin | -108.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 95.5 months |
Financial Health Grade: B
In 2023, Fwg Foundation reported a deficit of $573K with expenses exceeding revenue, holds 95.5 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), Fwg Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.9% | +1.6% | -6.1% |
| 2022 | -12.7% | +9.8% | +4.8% |
| 2021 | +13.6% | +31.4% | +8.9% |
| 2020 | +24.6% | +17.9% | +10.7% |
| 2019 | +40.8% | +93.7% | +66.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Fwg Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Fwg Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $573K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly unusual for an organization of its size with assets nearing $9 million.
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 Fwg Foundation's IRS 990 filings:
- Significant deficit in 2023, with expenses ($1,103,055) more than double the revenue ($529,977).
- Unexplained sharp decline in revenue in 2023 compared to previous years.
Strengths
The following positive indicators were identified for Fwg Foundation:
- Consistent zero officer compensation, indicating high transparency and dedication to mission.
- Strong and growing asset base, from $2.29 million in 2011 to $8.77 million in 2023.
- Extremely low liabilities ($1 across all filings), indicating excellent financial management.
- Long history of IRS 990 filings (10 filings), demonstrating consistent compliance and transparency.
Frequently Asked Questions about Fwg Foundation
Is Fwg Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Fwg Foundation (EIN: 208032599) some concerns. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
How does Fwg Foundation spend its money?
Fwg Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fwg Foundation tax-deductible?
Fwg Foundation is registered as a tax-exempt nonprofit (EIN: 208032599). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fwg Foundation CEO make?
Fwg Foundation's highest-compensated officer earns $9 annually. The organization reported $10.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fwg Foundation's spending goes to programs?
Fwg Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fwg Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Fwg Foundation 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 Fwg Foundation located?
Fwg Foundation is headquartered in Rothbury, Michigan and files with the IRS under EIN 208032599. It is classified under NTEE code T20.
How many years of IRS 990 filings does Fwg Foundation have?
Fwg 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 $10.1M in total revenue.
Why did Fwg Foundation's revenue drop significantly in 2023 to $529,977 from $1,510,346 in 2022?
The provided data does not specify the reason for the revenue decline; a detailed review of the 2023 IRS 990 filing would be necessary to understand the sources of income and the nature of the decrease.
What caused the increase in expenses to $1,103,055 in 2023, exceeding the revenue for that year?
The summary data does not detail expense categories. The 2023 IRS 990 would need to be examined to identify the specific areas where spending increased, such as program services, administrative costs, or other expenditures.
How does Fwg Foundation operate without paying any officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or compensation is covered by an external entity, which is a highly unusual and transparent operational model for an organization of this scale.
Is the Fwg Foundation's asset growth sustainable given the recent financial performance?
While assets have grown consistently over the long term, the 2023 deficit (expenses exceeding revenue) could impact future asset growth if it becomes a recurring trend. However, the foundation's substantial existing assets provide a buffer.
Filing History
IRS 990 filing history for Fwg Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fwg Foundation's revenue has declined by 9.3%, moving from $584K to $530K. Total assets increased by 282.2% over the same period, from $2.3M to $8.8M. Total functional expenses rose by 1716.5%, from $61K to $1.1M. In its most recent filing year (2023), Fwg Foundation reported a deficit of $573K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $530K | $1.1M | $8.8M | $1 | — | — |
| 2022 | $1.5M | $1.1M | $9.3M | $1 | — | View 990 |
| 2021 | $1.7M | $989K | $8.9M | $1 | — | View 990 |
| 2020 | $1.5M | $753K | $8.2M | $1 | — | View 990 |
| 2019 | $1.2M | $639K | $7.4M | $1 | — | — |
| 2015 | $868K | $330K | $4.4M | $1 | — | View 990 |
| 2014 | $769K | $251K | $3.9M | $1 | — | View 990 |
| 2013 | $813K | $202K | $3.4M | $1 | — | View 990 |
| 2012 | $588K | $106K | $2.8M | $1 | — | View 990 |
| 2011 | $584K | $61K | $2.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $530K, expenses of $1.1M, and assets of $8.8M (revenue -64.9% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.1M, and assets of $9.3M (revenue -12.7% year-over-year).
- 2021: Revenue of $1.7M, expenses of $989K, and assets of $8.9M (revenue +13.6% year-over-year).
- 2020: Revenue of $1.5M, expenses of $753K, and assets of $8.2M (revenue +24.6% year-over-year).
- 2019: Revenue of $1.2M, expenses of $639K, and assets of $7.4M (revenue +40.8% year-over-year).
- 2015: Revenue of $868K, expenses of $330K, and assets of $4.4M (revenue +12.9% year-over-year).
- 2014: Revenue of $769K, expenses of $251K, and assets of $3.9M (revenue -5.4% year-over-year).
- 2013: Revenue of $813K, expenses of $202K, and assets of $3.4M (revenue +38.2% year-over-year).
- 2012: Revenue of $588K, expenses of $106K, and assets of $2.8M (revenue +0.7% year-over-year).
- 2011: Revenue of $584K, expenses of $61K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fwg Foundation:
Data Sources and Methodology
This transparency report for Fwg 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.