Louis S And Molly B Wolk Foundation
Louis S And Molly B Wolk Foundation: Consistent Grantmaking, Minimal Overhead
EIN: 222405596 · Rochester, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $1.7M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $22.3M |
| Transparency Score | 85/100 |
Is Louis S And Molly B Wolk Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louis S And Molly B Wolk Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louis S And Molly B Wolk Foundation
Louis S And Molly B Wolk Foundation (EIN: 222405596) is a nonprofit organization based in Rochester, NY. The organization reported total revenue of $2.9M and total assets of $22.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louis S And Molly B Wolk Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louis S And Molly B Wolk Foundation is a mid-size nonprofit that has been operating for 44 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $22.3M |
| Total Liabilities | $1 |
| Net Assets | $22.3M |
| Operating Margin | 54.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 154.9 months |
Financial Health Grade: A
In 2023, Louis S And Molly B Wolk Foundation reported a surplus of $2.1M with revenue exceeding expenses, holds 154.9 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), Louis S And Molly B Wolk Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +200.0% | -18.2% | +10.2% |
| 2022 | -40.1% | +24.1% | -4.0% |
| 2021 | +88.2% | -5.6% | +1.9% |
| 2020 | -19.1% | -0.1% | -3.2% |
| 2019 | -9.9% | +10.5% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Louis S And Molly B Wolk Foundation with a Mission Score of 85 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: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, Louis S And Molly B Wolk Foundation allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% 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 $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally managed operational structure.
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.
Strengths
The following positive indicators were identified for Louis S And Molly B Wolk Foundation:
- Consistently high program spending, with 95% of expenses dedicated to programs in 2023.
- Stable asset base, averaging over $20 million, supporting sustained grantmaking.
- Zero reported executive compensation, ensuring all funds are directed towards the mission.
Frequently Asked Questions about Louis S And Molly B Wolk Foundation
Is Louis S And Molly B Wolk Foundation a legitimate charity?
Louis S And Molly B Wolk Foundation (EIN: 222405596) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.9M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Louis S And Molly B Wolk Foundation spend its money?
Louis S And Molly B Wolk Foundation directs 95% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Louis S And Molly B Wolk Foundation tax-deductible?
Louis S And Molly B Wolk Foundation is registered as a tax-exempt nonprofit (EIN: 222405596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Louis S And Molly B Wolk Foundation CEO make?
Louis S And Molly B Wolk Foundation's highest-compensated officer earns $0 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Louis S And Molly B Wolk Foundation's spending goes to programs?
Louis S And Molly B Wolk Foundation directs 95% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Louis S And Molly B Wolk Foundation located?
Louis S And Molly B Wolk Foundation is headquartered in Rochester, New York and files with the IRS under EIN 222405596.
How many years of IRS 990 filings does Louis S And Molly B Wolk Foundation have?
Louis S And Molly B Wolk 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 $2.9M in total revenue.
What does Louis S And Molly B Wolk Foundation do?
Louis S And Molly B Wolk Foundation is a nonprofit organization in the Unknown sector, located in Rochester, New York. It is classified under NTEE code Unknown.
How much revenue does Louis S And Molly B Wolk Foundation have?
Louis S And Molly B Wolk Foundation reported total revenue of $2,939,930. Based on 10 IRS 990 filings on record.
What are Louis S And Molly B Wolk Foundation's total assets?
Louis S And Molly B Wolk Foundation holds total assets of $22,450,610 as reported in IRS 990 filings.
Where is Louis S And Molly B Wolk Foundation located?
Louis S And Molly B Wolk Foundation is based in Rochester, New York.
What is Louis S And Molly B Wolk Foundation's EIN?
Louis S And Molly B Wolk Foundation's Employer Identification Number (EIN) is 222405596. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Louis S And Molly B Wolk Foundation?
Louis S And Molly B Wolk Foundation is classified under NTEE code Unknown (Unknown).
Is Louis S And Molly B Wolk Foundation a registered 501(c)(3)?
Louis S And Molly B Wolk Foundation appears in IRS records (EIN: 222405596). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Louis S And Molly B Wolk Foundation file IRS Form 990?
Yes, Louis S And Molly B Wolk Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Louis S And Molly B Wolk Foundation's revenue in 2023?
In the 202312 filing period, Louis S And Molly B Wolk Foundation reported total revenue of $3,778,571, total expenses of $1,724,239, and net assets of $22,258,240.
Is Louis S And Molly B Wolk Foundation's revenue growing or declining?
Louis S And Molly B Wolk Foundation's revenue is growing. Revenue went from $1,259,609 (202212) to $3,778,571 (202312), a +200.0% change. Based on 10 filings on record.
What is Louis S And Molly B Wolk Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Louis S And Molly B Wolk Foundation covers tax period 202312. It shows revenue of $3,778,571, expenses of $1,724,239, total assets of $22,258,240, and liabilities of $1.
How much does Louis S And Molly B Wolk Foundation spend on programs vs administration?
Based on IRS 990 analysis, Louis S And Molly B Wolk Foundation allocates approximately 95% of expenses to program services, 3% to administrative costs, and 2% to fundraising. This indicates strong program focus.
Is Louis S And Molly B Wolk Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Louis S And Molly B Wolk Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Louis S And Molly B Wolk Foundation's strengths?
Positive indicators for Louis S And Molly B Wolk Foundation include: Consistently high program spending, with 95% of expenses dedicated to programs in 2023.. Stable asset base, averaging over $20 million, supporting sustained grantmaking.. Zero reported executive compensation, ensuring all funds are directed towards the mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Louis S And Molly B Wolk Foundation compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally managed operational structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does the foundation manage its operations and administrative tasks?
The foundation likely relies on volunteer efforts, external professional services (e.g., accounting, legal) not classified as executive compensation, or is managed by an affiliated entity that covers these costs.
Filing History
IRS 990 filing history for Louis S And Molly B Wolk Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Louis S And Molly B Wolk Foundation's revenue has grown by 153.7%, moving from $1.5M to $3.8M. Total assets decreased by 7.2% over the same period, from $24.0M to $22.3M. Total functional expenses rose by 14%, from $1.5M to $1.7M. In its most recent filing year (2023), Louis S And Molly B Wolk Foundation reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $22.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $22.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $1.7M | $22.3M | $1 | — | View 990 |
| 2022 | $1.3M | $2.1M | $20.2M | $1 | — | View 990 |
| 2021 | $2.1M | $1.7M | $21.1M | $1 | — | View 990 |
| 2020 | $1.1M | $1.8M | $20.7M | $1 | — | View 990 |
| 2019 | $1.4M | $1.8M | $21.3M | $1 | — | View 990 |
| 2015 | $1.5M | $1.6M | $22.4M | $1 | — | View 990 |
| 2014 | $455K | $1.7M | $22.5M | $1 | — | View 990 |
| 2013 | $1.7M | $1.6M | $23.7M | $1 | — | View 990 |
| 2012 | $1.2M | $1.5M | $23.6M | $1 | — | View 990 |
| 2011 | $1.5M | $1.5M | $24.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $1.7M, and assets of $22.3M (revenue +200.0% year-over-year).
- 2022: Revenue of $1.3M, expenses of $2.1M, and assets of $20.2M (revenue -40.1% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.7M, and assets of $21.1M (revenue +88.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.8M, and assets of $20.7M (revenue -19.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.8M, and assets of $21.3M (revenue -9.9% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.6M, and assets of $22.4M (revenue +236.8% year-over-year).
- 2014: Revenue of $455K, expenses of $1.7M, and assets of $22.5M (revenue -73.2% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.6M, and assets of $23.7M (revenue +46.6% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.5M, and assets of $23.6M (revenue -22.4% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $24.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louis S And Molly B Wolk Foundation:
Data Sources and Methodology
This transparency report for Louis S And Molly B Wolk 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.