Isora Wells Foundation
Isora Wells Foundation maintains strong asset growth with zero officer compensation despite fluctuating revenues.
EIN: 205193741 · Albuquerque, NM · NTEE: T22 · Updated: 2026-03-28
Is Isora Wells Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Isora Wells Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Isora Wells Foundation
Isora Wells Foundation (EIN: 205193741) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code T22. The organization reported total revenue of $4.7M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Isora Wells Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Isora Wells Foundation with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Isora Wells Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization or one where leadership compensation is covered by an external entity, which is highly efficient for a foundation of its size.
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 Isora Wells Foundation's IRS 990 filings:
- Expenses exceeding revenue in multiple recent periods (e.g., 202406, 202306, 201206) without clear explanation of funding source for the deficit, though covered by assets.
Strengths
The following positive indicators were identified for Isora Wells Foundation:
- Zero reported officer compensation across all filings, indicating high efficiency and dedication.
- Consistent and significant asset growth from $1.5M in 2012 to $7.2M in 2024, demonstrating strong financial management.
- Extremely low liabilities ($1 across all filings), indicating excellent financial stability and risk management.
- Consistent IRS 990 filing history (10 filings), demonstrating strong transparency.
Frequently Asked Questions about Isora Wells Foundation
Is Isora Wells Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Isora Wells Foundation (EIN: 205193741) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Isora Wells Foundation spend its money?
Isora Wells Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Isora Wells Foundation tax-deductible?
Isora Wells Foundation is registered as a tax-exempt nonprofit (EIN: 205193741). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Isora Wells Foundation a good charity?
Yes, the Isora Wells Foundation appears to be a good charity. It demonstrates strong financial health with growing assets ($7.2M in 2024), minimal liabilities ($1), and a highly efficient operational model with zero reported officer compensation.
How does Isora Wells Foundation manage its expenses?
The foundation manages its expenses efficiently, consistently reporting zero officer compensation. While expenses sometimes exceed revenue (e.g., $408,136 expenses vs. $296,469 revenue in 2024), its substantial and growing asset base ($7.2M in 2024) suggests it can cover these costs through investment income or prior surpluses.
What is the trend in Isora Wells Foundation's revenue?
The foundation's revenue has fluctuated significantly, from negative figures in 2014 and 2016 to a peak of $1,123,218 in 2022, before declining to $296,469 in 2024. This variability suggests reliance on diverse funding sources or investment returns.
Filing History
IRS 990 filing history for Isora Wells Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Isora Wells Foundation's revenue has grown by 197.8%, moving from $100K to $296K. Total assets increased by 366.8% over the same period, from $1.6M to $7.2M. Total functional expenses rose by 163.4%, from $155K to $408K. In its most recent filing year (2024), Isora Wells Foundation reported a deficit of $112K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $296K | $408K | $7.2M | $1 | — | — |
| 2023 | $401K | $420K | $7.4M | $1 | — | View 990 |
| 2022 | $1.1M | $545K | $7.4M | $1 | — | View 990 |
| 2021 | $840K | $484K | $6.8M | $1 | — | View 990 |
| 2020 | $568K | $438K | $6.4M | $1 | — | View 990 |
| 2016 | $-15,707 | $89K | $1.4M | $1 | — | View 990 |
| 2015 | $66K | $92K | $1.5M | $1 | — | View 990 |
| 2014 | $-11,328 | $83K | $1.5M | $1 | — | View 990 |
| 2013 | $146K | $88K | $1.6M | $1 | — | View 990 |
| 2012 | $100K | $155K | $1.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $296K, expenses of $408K, and assets of $7.2M (revenue -26.0% year-over-year).
- 2023: Revenue of $401K, expenses of $420K, and assets of $7.4M (revenue -64.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $545K, and assets of $7.4M (revenue +33.7% year-over-year).
- 2021: Revenue of $840K, expenses of $484K, and assets of $6.8M (revenue +48.0% year-over-year).
- 2020: Revenue of $568K, expenses of $438K, and assets of $6.4M.
- 2016: Revenue of $-15,707, expenses of $89K, and assets of $1.4M (revenue -123.8% year-over-year).
- 2015: Revenue of $66K, expenses of $92K, and assets of $1.5M.
- 2014: Revenue of $-11,328, expenses of $83K, and assets of $1.5M (revenue -107.8% year-over-year).
- 2013: Revenue of $146K, expenses of $88K, and assets of $1.6M (revenue +46.5% year-over-year).
- 2012: Revenue of $100K, expenses of $155K, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Isora Wells 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.