Grace Walsingham Foundation Inc
Grace Walsingham Foundation consistently grows assets with minimal expenses and no officer compensation.
EIN: 204795330 · Sheboygan, WI · NTEE: X21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $249K |
| Total Expenses | $56K |
| Program Spending | 85% |
| Net Assets | $3.5M |
| Transparency Score | 90/100 |
Is Grace Walsingham Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grace Walsingham Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grace Walsingham Foundation Inc
Grace Walsingham Foundation Inc (EIN: 204795330) is a nonprofit organization based in Sheboygan, WI, classified under NTEE code X21. The organization reported total revenue of $249K and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grace Walsingham Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grace Walsingham Foundation Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $194K |
| Total Expenses | $56K |
| Surplus / Deficit | +$138K |
| Total Assets | $3.5M |
| Total Liabilities | $3K |
| Net Assets | $3.5M |
| Operating Margin | 71.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 754.7 months |
Financial Health Grade: A
In 2023, Grace Walsingham Foundation Inc reported a surplus of $138K with revenue exceeding expenses, holds 754.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grace Walsingham Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | -7.8% | +9.3% |
| 2022 | -73.7% | +19.4% | -10.7% |
| 2021 | +430.6% | -78.7% | +15.0% |
| 2020 | +2.6% | +167.2% | +1.8% |
| 2019 | -82.3% | +9.7% | +16.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| 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 Grace Walsingham Foundation Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Grace Walsingham Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $138K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or directors received compensation from the organization, which is highly favorable 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 Grace Walsingham Foundation Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data (typical for private foundations, but still a data gap for external analysis)
- Significant expense spikes in 2020 and 2014 without clear explanation in summary data
Strengths
The following positive indicators were identified for Grace Walsingham Foundation Inc:
- Consistent asset growth, reaching $3,795,398 in the latest period
- Zero officer compensation reported across all filings, indicating high efficiency in executive pay
- Generally low expenses relative to revenue and assets, suggesting efficient operations
- Strong financial health with consistent surpluses in most years
- Long filing history (13 filings) demonstrating sustained operation and compliance
Frequently Asked Questions about Grace Walsingham Foundation Inc
Is Grace Walsingham Foundation Inc a legitimate charity?
Grace Walsingham Foundation Inc (EIN: 204795330) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $249K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Grace Walsingham Foundation Inc spend its money?
Grace Walsingham Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Grace Walsingham Foundation Inc tax-deductible?
Grace Walsingham Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204795330). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grace Walsingham Foundation Inc's spending goes to programs?
Grace Walsingham Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grace Walsingham Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Grace Walsingham Foundation Inc is above average for NTEE category X21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grace Walsingham Foundation Inc located?
Grace Walsingham Foundation Inc is headquartered in Sheboygan, Wisconsin and files with the IRS under EIN 204795330. It is classified under NTEE code X21.
How many years of IRS 990 filings does Grace Walsingham Foundation Inc have?
Grace Walsingham Foundation Inc 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 $249K in total revenue.
What are the specific grantmaking activities or beneficiaries of the Grace Walsingham Foundation?
While the NTEE code X21 indicates a private grantmaking foundation, the provided data does not detail the specific recipients or types of grants made. Further investigation into their Schedule I (Grants and Other Assistance) would be necessary.
How does the foundation manage its significant asset base of $3,795,398?
The consistent growth in assets suggests prudent investment and management strategies. However, the specific investment portfolio or asset allocation is not detailed in the provided summary data.
Are there any years where expenses significantly outpaced revenue, and what was the cause?
Yes, in 2020, expenses ($239,835) significantly outpaced revenue ($126,479), and in 2014, expenses ($291,649) also exceeded revenue ($159,456). The specific causes for these deficits are not detailed in the provided summary but could be due to significant grant disbursements or investment losses in those periods.
Filing History
IRS 990 filing history for Grace Walsingham Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grace Walsingham Foundation Inc's revenue has declined by 56.4%, moving from $445K to $194K. Total assets increased by 302.7% over the same period, from $877K to $3.5M. Total functional expenses fell by 62.4%, from $149K to $56K. In its most recent filing year (2023), Grace Walsingham Foundation Inc reported a surplus of $138K, with revenue exceeding expenses. The organization holds $3K in liabilities against $3.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $194K | $56K | $3.5M | $3K | — | — |
| 2022 | $177K | $61K | $3.2M | $0 | — | View 990 |
| 2021 | $671K | $51K | $3.6M | $0 | — | View 990 |
| 2020 | $126K | $240K | $3.1M | $0 | — | View 990 |
| 2019 | $123K | $90K | $3.1M | $0 | — | View 990 |
| 2018 | $697K | $82K | $2.7M | $0 | — | View 990 |
| 2017 | $154K | $89K | $2.3M | $0 | — | View 990 |
| 2016 | $422K | $84K | $2.1M | $0 | — | View 990 |
| 2015 | $646K | $545K | $1.7M | $0 | — | View 990 |
| 2014 | $159K | $292K | $1.8M | $50K | — | View 990 |
| 2013 | $582K | $54K | $1.8M | $0 | — | View 990 |
| 2012 | $357K | $67K | $1.2M | $0 | — | View 990 |
| 2011 | $445K | $149K | $877K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $194K, expenses of $56K, and assets of $3.5M (revenue +9.7% year-over-year).
- 2022: Revenue of $177K, expenses of $61K, and assets of $3.2M (revenue -73.7% year-over-year).
- 2021: Revenue of $671K, expenses of $51K, and assets of $3.6M (revenue +430.6% year-over-year).
- 2020: Revenue of $126K, expenses of $240K, and assets of $3.1M (revenue +2.6% year-over-year).
- 2019: Revenue of $123K, expenses of $90K, and assets of $3.1M (revenue -82.3% year-over-year).
- 2018: Revenue of $697K, expenses of $82K, and assets of $2.7M (revenue +351.8% year-over-year).
- 2017: Revenue of $154K, expenses of $89K, and assets of $2.3M (revenue -63.5% year-over-year).
- 2016: Revenue of $422K, expenses of $84K, and assets of $2.1M (revenue -34.6% year-over-year).
- 2015: Revenue of $646K, expenses of $545K, and assets of $1.7M (revenue +305.0% year-over-year).
- 2014: Revenue of $159K, expenses of $292K, and assets of $1.8M (revenue -72.6% year-over-year).
- 2013: Revenue of $582K, expenses of $54K, and assets of $1.8M (revenue +63.3% year-over-year).
- 2012: Revenue of $357K, expenses of $67K, and assets of $1.2M (revenue -19.8% year-over-year).
- 2011: Revenue of $445K, expenses of $149K, and assets of $877K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grace Walsingham Foundation Inc:
Data Sources and Methodology
This transparency report for Grace Walsingham 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.