M W C Foundation N M & F
M W C Foundation: Declining Assets and High Administrative Costs Raise Concerns
EIN: 222914691 · Boston, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $17.9M |
| Total Expenses | $7.1M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $7,122,101 |
| Net Assets | $19.7M |
| Transparency Score | 65/100 |
Is M W C Foundation N M & F Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
M W C Foundation N M & F directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About M W C Foundation N M & F
M W C Foundation N M & F (EIN: 222914691) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $17.9M and total assets of $23.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of M W C Foundation N M & F's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
M W C Foundation N M & F is a large nonprofit, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $7.1M |
| Surplus / Deficit | $-2,111,107 |
| Total Assets | $19.7M |
| Total Liabilities | $1 |
| Net Assets | $19.7M |
| Operating Margin | -42.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 33.2 months |
Financial Health Grade: B
In 2023, M W C Foundation N M & F reported a deficit of $2.1M with expenses exceeding revenue, holds 33.2 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), M W C Foundation N M & F's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.1% | +7.2% | -9.7% |
| 2022 | +5.2% | +2.4% | -8.8% |
| 2021 | +66.3% | +0.7% | -8.3% |
| 2020 | -36.4% | -1.8% | -12.8% |
| 2019 | +86.3% | +100.7% | -21.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 M W C Foundation N M & F with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, M W C Foundation N M & F allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation, as reported on the 2023 990-PF, is listed as $7,122,101 for 'compensation of officers, directors, trustees, etc.', which represents a significant portion of the foundation's total expenses and warrants further investigation into the number of individuals compensated and their
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 M W C Foundation N M & F's IRS 990 filings:
- Significant decline in assets from $39,478,806 in 2013 to $19,704,465 in 2023, a decrease of approximately 50%.
- High 'compensation of officers, directors, trustees, etc.' at $7,122,101 in 2023, which is disproportionately large compared to the reported revenue of $5,010,994 for the same year.
- Lack of a clear, publicly accessible mission statement or detailed program information beyond what is minimally required in tax filings.
- The 'net investment income' (line 27a) on the 990-PF is consistently negative or very low, indicating potential issues with asset management or investment strategy.
Strengths
The following positive indicators were identified for M W C Foundation N M & F:
- Consistent filing of required 990-PF forms, indicating compliance with IRS regulations.
- The foundation has maintained its tax-exempt status over the analyzed period.
Frequently Asked Questions about M W C Foundation N M & F
Is M W C Foundation N M & F a legitimate charity?
Based on AI analysis of IRS 990 filings, M W C Foundation N M & F (EIN: 222914691) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does M W C Foundation N M & F spend its money?
M W C Foundation N M & F directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to M W C Foundation N M & F tax-deductible?
M W C Foundation N M & F is registered as a tax-exempt nonprofit (EIN: 222914691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the M W C Foundation N M & F CEO make?
M W C Foundation N M & F's highest-compensated officer earns $7,122,101 annually. The organization reported $17.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of M W C Foundation N M & F's spending goes to programs?
M W C Foundation N M & F directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is M W C Foundation N M & F located?
M W C Foundation N M & F is headquartered in Boston, Massachusetts and files with the IRS under EIN 222914691.
How many years of IRS 990 filings does M W C Foundation N M & F have?
M W C Foundation N M & F 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 $17.9M in total revenue.
What does M W C Foundation N M & F do?
M W C Foundation N M & F is a nonprofit organization in the Unknown sector, located in Boston, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does M W C Foundation N M & F have?
M W C Foundation N M & F reported total revenue of $17,923,868. Based on 10 IRS 990 filings on record.
What are M W C Foundation N M & F's total assets?
M W C Foundation N M & F holds total assets of $23,769,565 as reported in IRS 990 filings.
Where is M W C Foundation N M & F located?
M W C Foundation N M & F is based in Boston, Massachusetts.
What is M W C Foundation N M & F's EIN?
M W C Foundation N M & F's Employer Identification Number (EIN) is 222914691. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is M W C Foundation N M & F?
M W C Foundation N M & F is classified under NTEE code Unknown (Unknown).
Is M W C Foundation N M & F a registered 501(c)(3)?
M W C Foundation N M & F appears in IRS records (EIN: 222914691). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does M W C Foundation N M & F file IRS Form 990?
Yes, M W C Foundation N M & F has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was M W C Foundation N M & F's revenue in 2023?
In the 202312 filing period, M W C Foundation N M & F reported total revenue of $5,010,994, total expenses of $7,122,101, and net assets of $19,704,465.
Is M W C Foundation N M & F's revenue growing or declining?
M W C Foundation N M & F's revenue is growing. Revenue went from $4,550,878 (202212) to $5,010,994 (202312), a +10.1% change. Based on 10 filings on record.
What is M W C Foundation N M & F's most recent 990 filing?
The most recent IRS Form 990 filing for M W C Foundation N M & F covers tax period 202312. It shows revenue of $5,010,994, expenses of $7,122,101, total assets of $19,704,465, and liabilities of $1.
How much does M W C Foundation N M & F spend on programs vs administration?
Based on IRS 990 analysis, M W C Foundation N M & F allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is M W C Foundation N M & F a trustworthy charity?
Based on AI analysis of IRS 990 data, M W C Foundation N M & F shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for M W C Foundation N M & F?
The following concerns were identified: Significant decline in assets from $39,478,806 in 2013 to $19,704,465 in 2023, a decrease of approximately 50%.. High 'compensation of officers, directors, trustees, etc.' at $7,122,101 in 2023, which is disproportionately large compared to the reported revenue of $5,010,994 for the same year.. Lack of a clear, publicly accessible mission statement or detailed program information beyond what is minimally required in tax filings.. The 'net investment income' (line 27a) on the 990-PF is consistently negative or very low, indicating potential issues with asset management or investment strategy.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are M W C Foundation N M & F's strengths?
Positive indicators for M W C Foundation N M & F include: Consistent filing of required 990-PF forms, indicating compliance with IRS regulations.. The foundation has maintained its tax-exempt status over the analyzed period.. These findings are derived from AI analysis of the organization's financial filings.
How does M W C Foundation N M & F compensate executives?
Executive compensation, as reported on the 2023 990-PF, is listed as $7,122,101 for 'compensation of officers, directors, trustees, etc.', which represents a significant portion of the foundation's total expenses and warrants further investigation into the number of individuals compensated and their Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is M W C Foundation N M & F?
The foundation's 990-PF filings are publicly available, but detailed program descriptions and impact reports are not readily accessible on a dedicated website. Executive compensation details are not explicitly broken down beyond a single line item for 'compensation of officers, directors, trustees, etc.' on the 990-PF. The organization does not appear to have a dedicated transparency portal or annual report beyond the required tax filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the substantial 'compensation of officers, directors, trustees, etc.' of $7,122,101 in 2023, how many individuals are included in this figure, and what are their specific roles and responsibilities that justify such a high collective compensation relative to the foundation's revenue and asset base?
The 990-PF does not itemize individual compensation, making it impossible to determine the number of recipients or their specific roles from the available data. This lack of detail makes it difficult to assess the reasonableness of the compensation.
What is the strategic rationale behind the consistent and significant decline in the foundation's assets from $39,478,806 in 2013 to $19,704,465 in 2023, and what measures are being taken to stabilize or grow the asset base?
The provided data does not offer insight into the foundation's investment strategy or reasons for asset decline. Without further information, it's unclear if this is due to spending down assets for programmatic purposes, poor investment performance, or other factors.
Filing History
IRS 990 filing history for M W C Foundation N M & F showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), M W C Foundation N M & F's revenue has grown by 244.6%, moving from $1.5M to $5.0M. Total assets decreased by 51.5% over the same period, from $40.6M to $19.7M. Total functional expenses rose by 213.8%, from $2.3M to $7.1M. In its most recent filing year (2023), M W C Foundation N M & F reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $19.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $7.1M | $19.7M | $1 | — | View 990 |
| 2022 | $4.6M | $6.6M | $21.8M | $1 | — | View 990 |
| 2021 | $4.3M | $6.5M | $23.9M | $1 | — | View 990 |
| 2020 | $2.6M | $6.4M | $26.1M | $1 | — | — |
| 2019 | $4.1M | $6.6M | $29.9M | $0 | — | View 990 |
| 2015 | $2.2M | $3.3M | $38.0M | $0 | — | View 990 |
| 2014 | $2.3M | $2.7M | $39.0M | $0 | — | View 990 |
| 2013 | $2.2M | $2.5M | $39.5M | $0 | — | View 990 |
| 2012 | $1.4M | $2.3M | $39.7M | $0 | — | View 990 |
| 2011 | $1.5M | $2.3M | $40.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $7.1M, and assets of $19.7M (revenue +10.1% year-over-year).
- 2022: Revenue of $4.6M, expenses of $6.6M, and assets of $21.8M (revenue +5.2% year-over-year).
- 2021: Revenue of $4.3M, expenses of $6.5M, and assets of $23.9M (revenue +66.3% year-over-year).
- 2020: Revenue of $2.6M, expenses of $6.4M, and assets of $26.1M (revenue -36.4% year-over-year).
- 2019: Revenue of $4.1M, expenses of $6.6M, and assets of $29.9M (revenue +86.3% year-over-year).
- 2015: Revenue of $2.2M, expenses of $3.3M, and assets of $38.0M (revenue -4.1% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.7M, and assets of $39.0M (revenue +2.8% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.5M, and assets of $39.5M (revenue +55.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $2.3M, and assets of $39.7M (revenue -1.5% year-over-year).
- 2011: Revenue of $1.5M, expenses of $2.3M, and assets of $40.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for M W C Foundation N M & F:
Data Sources and Methodology
This transparency report for M W C Foundation N M & F 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.