Margaret L Wendt Foundation
Margaret L Wendt Foundation consistently directs over 90% of its spending to programs with no reported officer compensation.
EIN: 166030037 · Buffalo, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25.7M |
| Total Expenses | $4.6M |
| Program Spending | 90% |
| Net Assets | $63.9M |
| Transparency Score | 92/100 |
Is Margaret L Wendt Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margaret L Wendt Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margaret L Wendt Foundation
Margaret L Wendt Foundation (EIN: 166030037) is a nonprofit organization based in Buffalo, NY. The organization reported total revenue of $25.7M and total assets of $75.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaret L Wendt Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margaret L Wendt Foundation is a large nonprofit that has been operating for 68 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$46K |
| Total Assets | $64.6M |
| Total Liabilities | $682K |
| Net Assets | $63.9M |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 167.5 months |
Financial Health Grade: A
In 2023, Margaret L Wendt Foundation reported a surplus of $46K with revenue exceeding expenses, holds 167.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2023), Margaret L Wendt Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.9% | -29.1% | -1.9% |
| 2022 | -48.5% | +25.7% | -20.5% |
| 2021 | -25.5% | -67.8% | +9.8% |
| 2020 | +154.0% | +244.6% | -21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Margaret L Wendt 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Margaret L Wendt Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $46K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly efficient for a grant-making organization 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.
Strengths
The following positive indicators were identified for Margaret L Wendt Foundation:
- High program spending ratio (e.g., 90% in 2023)
- 0% officer compensation reported across all filings, indicating efficient executive management
- Consistent grant-making activity as evidenced by significant expense levels
- Strong asset base to support future grant distributions
Frequently Asked Questions about Margaret L Wendt Foundation
Is Margaret L Wendt Foundation a legitimate charity?
Margaret L Wendt Foundation (EIN: 166030037) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $25.7M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Margaret L Wendt Foundation spend its money?
Margaret L Wendt Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Margaret L Wendt Foundation tax-deductible?
Margaret L Wendt Foundation is registered as a tax-exempt nonprofit (EIN: 166030037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Margaret L Wendt Foundation's spending goes to programs?
Margaret L Wendt Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Margaret L Wendt Foundation located?
Margaret L Wendt Foundation is headquartered in Buffalo, New York and files with the IRS under EIN 166030037.
How many years of IRS 990 filings does Margaret L Wendt Foundation have?
Margaret L Wendt 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 $25.7M in total revenue.
Is the Margaret L Wendt Foundation a good charity?
Based on its financial data, the Margaret L Wendt Foundation appears to be a highly effective grant-making organization. It consistently allocates a very high percentage of its expenses (e.g., 90% in 2023) directly to program services, and reports no officer compensation, indicating strong financial stewardship and a clear focus on its mission.
How has the foundation's asset base changed over time?
The foundation's assets have fluctuated, peaking at $116,929,267 in 2012 and standing at $64,615,125 in 2023. These fluctuations are typical for foundations that make grants from their endowment and are subject to market performance.
Does the foundation have high administrative costs?
No, the foundation appears to have very low administrative costs, especially considering its 0% officer compensation reported across all filings. In 2023, administrative expenses were approximately 7% of total expenses, which is well below typical benchmarks for efficient nonprofits.
Filing History
IRS 990 filing history for Margaret L Wendt Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Margaret L Wendt Foundation's revenue has declined by 31.1%, moving from $6.8M to $4.7M. Total assets decreased by 44.7% over the same period, from $116.9M to $64.6M. Total functional expenses rose by 1.1%, from $4.6M to $4.6M. In its most recent filing year (2023), Margaret L Wendt Foundation reported a surplus of $46K, with revenue exceeding expenses. The organization holds $682K in liabilities against $64.6M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $63.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $4.6M | $64.6M | $682K | — | — |
| 2022 | $3.2M | $6.5M | $65.8M | $851K | — | View 990 |
| 2021 | $6.1M | $5.2M | $82.8M | $312K | — | View 990 |
| 2020 | $8.2M | $16.1M | $75.4M | $144K | — | View 990 |
| 2019 | $3.2M | $4.7M | $96.1M | $1.7M | — | View 990 |
| 2016 | $-938,182 | $6.7M | $81.1M | $1.9M | — | View 990 |
| 2015 | $13.0M | $7.5M | $106.0M | $2.0M | — | View 990 |
| 2014 | $23.6M | $7.6M | $104.4M | $3.1M | — | View 990 |
| 2013 | $9.4M | $12.4M | $104.2M | $3.9M | — | View 990 |
| 2012 | $6.8M | $4.6M | $116.9M | $19.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $4.6M, and assets of $64.6M (revenue +47.9% year-over-year).
- 2022: Revenue of $3.2M, expenses of $6.5M, and assets of $65.8M (revenue -48.5% year-over-year).
- 2021: Revenue of $6.1M, expenses of $5.2M, and assets of $82.8M (revenue -25.5% year-over-year).
- 2020: Revenue of $8.2M, expenses of $16.1M, and assets of $75.4M (revenue +154.0% year-over-year).
- 2019: Revenue of $3.2M, expenses of $4.7M, and assets of $96.1M.
- 2016: Revenue of $-938,182, expenses of $6.7M, and assets of $81.1M (revenue -107.2% year-over-year).
- 2015: Revenue of $13.0M, expenses of $7.5M, and assets of $106.0M (revenue -44.9% year-over-year).
- 2014: Revenue of $23.6M, expenses of $7.6M, and assets of $104.4M (revenue +150.4% year-over-year).
- 2013: Revenue of $9.4M, expenses of $12.4M, and assets of $104.2M (revenue +38.7% year-over-year).
- 2012: Revenue of $6.8M, expenses of $4.6M, and assets of $116.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margaret L Wendt Foundation:
Data Sources and Methodology
This transparency report for Margaret L Wendt 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.