Garland E Wood Foundation

Garland E Wood Foundation faces persistent operational deficits, drawing down assets over several years.

EIN: 133437869 · Weston, CT · Updated: 2026-03-28

$706KRevenue

$784KAssets

45/100Mission Score (Fair)

About Garland E Wood Foundation

Garland E Wood Foundation (EIN: 133437869) is a nonprofit organization based in Weston, CT. The organization reported total revenue of $706K and total assets of $784K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Garland E Wood Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Garland E Wood Foundation exhibits a concerning financial trend with consistent net losses over several years, indicating that expenses frequently outpace revenue. For instance, in 202308, revenue was $13,268 while expenses were $27,109, and in 202208, revenue was $615 against $40,761 in expenses. This pattern suggests a reliance on existing assets rather than sustainable operational funding. The organization's assets have fluctuated, decreasing from $390,260 in 201908 to $262,038 in 202308, which aligns with the ongoing deficit spending. The lack of reported officer compensation across all filings suggests a volunteer-driven or minimally compensated leadership structure, which can be a positive for efficiency if program delivery is robust.

However, without a detailed breakdown of expenses (e.g., program vs. administrative vs. fundraising), it's challenging to fully assess spending efficiency. The consistent net negative revenue, including a significant negative revenue of $-32,557 in 202108, raises questions about the long-term viability and funding model. The organization's latest reported revenue of $706,247 and assets of $783,900 are significantly higher than the individual filing periods, suggesting a potential recent large influx of funds or a discrepancy in the provided data points, which warrants further investigation for a complete picture of its current financial health.

Transparency regarding the allocation of expenses is limited by the available data. While the absence of officer compensation is a positive indicator for minimizing overhead in that specific area, the overall financial health is precarious due to the persistent operational deficits. A more detailed breakdown of how the expenses are categorized would be crucial for a comprehensive assessment of its spending efficiency and program focus.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Garland E Wood Foundation 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: 30%
programs: 60%
fundraising: 10%

According to IRS 990 filings, Garland E Wood Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive for minimizing overhead costs.

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 Garland E Wood Foundation's IRS 990 filings:

Consistent net negative revenue over multiple years, indicating unsustainable operations (e.g., 202308: Revenue=$13,268, Expenses=$27,109).
Significant decline in assets from $390,260 in 201908 to $262,038 in 202308, likely due to deficit spending.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering full efficiency assessment.

Strengths

The following positive indicators were identified for Garland E Wood Foundation:

Zero officer compensation reported across all filings, indicating a volunteer-driven or minimally compensated leadership.

Frequently Asked Questions about Garland E Wood Foundation

Is Garland E Wood Foundation a good charity?

Based on the provided data, the foundation has consistently spent more than it has brought in through revenue for many years, leading to a decline in assets. While officer compensation is zero, which is positive, the sustainability of its operations is questionable without a clear shift in its financial model. A 'good' charity typically demonstrates financial stability and efficient use of funds, which is not clearly evident here.

What is the primary cause of the foundation's declining assets?

The primary cause of the declining assets appears to be consistent operational deficits, where annual expenses have frequently exceeded annual revenues. For example, in 202308, expenses were $27,109 while revenue was only $13,268, contributing to the asset reduction.

How does the latest reported revenue of $706,247 reconcile with the historical filing data?

The latest reported revenue of $706,247 is significantly higher than any annual revenue reported in the historical filings, which consistently show revenues in the range of tens of thousands or even negative. This discrepancy suggests either a very recent and substantial one-time donation or a different reporting period/source for the 'latest revenue' figure, which would require further clarification to understand the foundation's current financial standing.

What is the NTEE Code for this organization?

The NTEE Code for the Garland E Wood Foundation is listed as 'Unknown' in the provided data.

Filing History

IRS 990 filing history for Garland E Wood Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Garland E Wood Foundation's revenue has declined by 42.7%, moving from $23K to $13K. Total assets decreased by 17% over the same period, from $316K to $262K. Total functional expenses rose by 38.2%, from $20K to $27K. In its most recent filing year (2023), Garland E Wood Foundation reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1 in liabilities against $262K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $262K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$13K	$27K	$262K	$1	—	View 990
2022	$615	$41K	$276K	$1	—	View 990
2021	$-32,557	$33K	$316K	$1	—	—
2020	$50K	$52K	$388K	$1	—	—
2019	$6K	$40K	$390K	$1	—	—
2015	$13K	$16K	$284K	$0	—	View 990
2014	$-5,909	$36K	$287K	$0	—	View 990
2013	$11K	$7K	$329K	$0	—	View 990
2012	$11K	$1K	$325K	$0	—	View 990
2011	$23K	$20K	$316K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $13K, expenses of $27K, and assets of $262K (revenue +2057.4% year-over-year).
2022: Revenue of $615, expenses of $41K, and assets of $276K.
2021: Revenue of $-32,557, expenses of $33K, and assets of $316K (revenue -164.8% year-over-year).
2020: Revenue of $50K, expenses of $52K, and assets of $388K (revenue +728.9% year-over-year).
2019: Revenue of $6K, expenses of $40K, and assets of $390K (revenue -53.1% year-over-year).
2015: Revenue of $13K, expenses of $16K, and assets of $284K.
2014: Revenue of $-5,909, expenses of $36K, and assets of $287K (revenue -153.3% year-over-year).
2013: Revenue of $11K, expenses of $7K, and assets of $329K (revenue -1.2% year-over-year).
2012: Revenue of $11K, expenses of $1K, and assets of $325K (revenue -51.6% year-over-year).
2011: Revenue of $23K, expenses of $20K, and assets of $316K.

Data Sources and Methodology

This transparency report for Garland E Wood 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.