Katherine Wells Macmillan Foundation
EIN: 412000877 · Minneapolis, MN · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $28.7M |
| Total Expenses | $4.9M |
| Net Assets | $110.8M |
Is Katherine Wells Macmillan Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Katherine Wells Macmillan Foundation
Katherine Wells Macmillan Foundation (EIN: 412000877) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B82. The organization reported total revenue of $28.7M and total assets of $131.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Katherine Wells Macmillan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Katherine Wells Macmillan Foundation is a large nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 230.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41.8M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$36.9M |
| Total Assets | $110.8M |
| Total Liabilities | $1 |
| Net Assets | $110.8M |
| Operating Margin | 88.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 269.7 months |
Financial Health Grade: A
In 2023, Katherine Wells Macmillan Foundation reported a surplus of $36.9M with revenue exceeding expenses, holds 269.7 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), Katherine Wells Macmillan Foundation's revenue has grown at a compound annual growth rate (CAGR) of 230.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.3% | +546.1% | -6.0% |
| 2021 | +227.2% | -53.9% | +334.7% |
| 2020 | +24523.7% | +1768.2% | +1897.9% |
| 2019 | +124.8% | -20.2% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Katherine Wells Macmillan Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Katherine Wells Macmillan Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $36.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Katherine Wells Macmillan Foundation
Is Katherine Wells Macmillan Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Katherine Wells Macmillan Foundation (EIN: 412000877) insufficient data. 0 red flags identified, 0 strengths noted.
How does Katherine Wells Macmillan Foundation spend its money?
Detailed spending breakdown data is not yet available for Katherine Wells Macmillan Foundation. Check back for updated IRS 990 analysis.
Are donations to Katherine Wells Macmillan Foundation tax-deductible?
Katherine Wells Macmillan Foundation is registered as a tax-exempt nonprofit (EIN: 412000877). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Katherine Wells Macmillan Foundation located?
Katherine Wells Macmillan Foundation is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 412000877. It is classified under NTEE code B82.
How many years of IRS 990 filings does Katherine Wells Macmillan Foundation have?
Katherine Wells Macmillan 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 $28.7M in total revenue.
Filing History
IRS 990 filing history for Katherine Wells Macmillan Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Katherine Wells Macmillan Foundation's revenue has grown by 167348224%, moving from $25 to $41.8M. Total assets increased by 11076276000% over the same period, from $1 to $110.8M. Total functional expenses rose by 19715252%, from $25 to $4.9M. In its most recent filing year (2023), Katherine Wells Macmillan Foundation reported a surplus of $36.9M, with revenue exceeding expenses. The organization holds $1 in liabilities against $110.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $110.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41.8M | $4.9M | $110.8M | $1 | — | View 990 |
| 2022 | $-172,097 | $4.6M | $73.9M | $1 | — | View 990 |
| 2021 | $61.2M | $706K | $78.6M | $1 | — | View 990 |
| 2020 | $18.7M | $1.5M | $18.1M | $1 | — | View 990 |
| 2019 | $76K | $82K | $905K | $1 | — | View 990 |
| 2015 | $34K | $103K | $881K | $1 | — | View 990 |
| 2014 | $62K | $101K | $938K | $1 | — | View 990 |
| 2013 | $84K | $101K | $966K | $1 | — | View 990 |
| 2012 | $14K | $70K | $969K | $683 | — | View 990 |
| 2011 | $25 | $25 | $1 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41.8M, expenses of $4.9M, and assets of $110.8M.
- 2022: Revenue of $-172,097, expenses of $4.6M, and assets of $73.9M (revenue -100.3% year-over-year).
- 2021: Revenue of $61.2M, expenses of $706K, and assets of $78.6M (revenue +227.2% year-over-year).
- 2020: Revenue of $18.7M, expenses of $1.5M, and assets of $18.1M (revenue +24523.7% year-over-year).
- 2019: Revenue of $76K, expenses of $82K, and assets of $905K (revenue +124.8% year-over-year).
- 2015: Revenue of $34K, expenses of $103K, and assets of $881K (revenue -45.3% year-over-year).
- 2014: Revenue of $62K, expenses of $101K, and assets of $938K (revenue -26.6% year-over-year).
- 2013: Revenue of $84K, expenses of $101K, and assets of $966K (revenue +487.0% year-over-year).
- 2012: Revenue of $14K, expenses of $70K, and assets of $969K (revenue +57308.0% year-over-year).
- 2011: Revenue of $25, expenses of $25, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Katherine Wells Macmillan Foundation:
Data Sources and Methodology
This transparency report for Katherine Wells Macmillan 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.