Mary And James G Wallach Foundation

Mary And James G Wallach Foundation maintains substantial assets with zero executive compensation despite fluctuating revenues.

EIN: 136278694 · Purchase, NY · Updated: 2026-03-28

$45.4MRevenue

$72.0MAssets

95/100Mission Score (Excellent)

About Mary And James G Wallach Foundation

Mary And James G Wallach Foundation (EIN: 136278694) is a nonprofit organization based in Purchase, NY. The organization reported total revenue of $45.4M and total assets of $72.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary And James G Wallach Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Mary And James G Wallach Foundation demonstrates a consistent commitment to its programmatic mission, as evidenced by its spending patterns. In the latest filing (202312), the organization reported expenses of $3,604,803 against revenue of $3,118,420, indicating a year where expenses exceeded revenue. However, its substantial asset base of $57,806,771 in 202312, growing from $2,975,413 in 201210, suggests a well-endowed foundation capable of sustaining its operations and grantmaking activities. The foundation consistently reports zero officer compensation, which is a strong indicator of financial efficiency and a focus on directing resources towards its mission rather than executive salaries. The minimal liabilities across most filing periods also point to sound financial management and low financial risk.

The foundation's revenue has fluctuated significantly over the years, with a peak of $13,227,302 in 202112 and a low of $255,127 in 201210. Despite these fluctuations, the asset base has shown remarkable growth, indicating effective asset management and investment strategies. The consistent reporting of zero officer compensation enhances its transparency profile, as it clearly shows that no funds are being diverted to executive salaries. This practice, combined with a healthy asset-to-liability ratio, positions the foundation as a financially stable and transparent entity focused on its charitable objectives.

While specific program spending details are not provided in the summary data, the overall financial health, characterized by substantial assets, minimal liabilities, and zero executive compensation, suggests a well-managed and mission-driven organization. The foundation's ability to maintain and grow its assets over more than a decade, even in years where expenses outpaced revenue, underscores its long-term sustainability and capacity to fulfill its philanthropic goals.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mary And James G Wallach Foundation with a Mission Score of 95 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, Mary And James G Wallach 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

The Mary And James G Wallach Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are used for executive salaries, which is highly unusual for an organization of its asset size ($57,806,771 in 202312).

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 Mary And James G Wallach Foundation's IRS 990 filings:

Expenses exceeded revenue in recent periods (e.g., 202312: Expenses=$3,604,803, Revenue=$3,118,420; 202212: Expenses=$4,247,253, Revenue=$1,734,451), though this is common for foundations drawing from endowments.

Strengths

The following positive indicators were identified for Mary And James G Wallach Foundation:

Consistent 0% officer compensation, indicating high efficiency and dedication of resources to mission.
Substantial and growing asset base ($57,806,771 in 202312), providing long-term financial stability.
Minimal liabilities across most filing periods, suggesting sound financial management.
Strong asset growth over more than a decade, from $2,975,413 in 201210 to $57,806,771 in 202312.

Frequently Asked Questions about Mary And James G Wallach Foundation

Is the Mary And James G Wallach Foundation financially stable?

Yes, the foundation is financially stable, with substantial assets of $57,806,771 in 202312 and minimal liabilities, indicating a strong financial position despite periods where expenses exceeded revenue.

Does the foundation pay its officers?

No, the foundation consistently reports 0% officer compensation across all available filings, indicating no salaries are paid to its officers.

How has the foundation's asset base changed over time?

The foundation's assets have grown significantly, from $2,975,413 in 201210 to $57,806,771 in 202312, demonstrating strong asset growth and management.

What is the foundation's approach to fundraising?

Based on the zero fundraising spending in the breakdown, it appears the foundation primarily relies on its endowment and investment income rather than active public fundraising campaigns.

Filing History

IRS 990 filing history for Mary And James G Wallach Foundation showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2023), Mary And James G Wallach Foundation's revenue has grown by 301.2%, moving from $777K to $3.1M. Total assets increased by 1669.6% over the same period, from $3.3M to $57.8M. Total functional expenses rose by 488.2%, from $613K to $3.6M. In its most recent filing year (2023), Mary And James G Wallach Foundation reported a deficit of $486K, with expenses exceeding revenue. The organization holds $1 in liabilities against $57.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $57.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.1M	$3.6M	$57.8M	$1	—	View 990
2022	$1.7M	$4.2M	$58.3M	$1	—	View 990
2021	$13.2M	$2.8M	$60.8M	$1	—	View 990
2020	$4.7M	$3.6M	$50.3M	$1	—	—
2019	$11.0M	$3.4M	$49.3M	$1	—	View 990
2015	$4.5M	$3.8M	$37.4M	$2.0M	—	View 990
2014	$2.1M	$86K	$36.8M	$95K	—	View 990
2014	$7.2M	$2.5M	$34.7M	$0	—	View 990
2013	$710K	$1.9M	$30.0M	$0	—	View 990
2012	$255K	$546K	$3.0M	$0	—	View 990
2011	$777K	$613K	$3.3M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.1M, expenses of $3.6M, and assets of $57.8M (revenue +79.8% year-over-year).
2022: Revenue of $1.7M, expenses of $4.2M, and assets of $58.3M (revenue -86.9% year-over-year).
2021: Revenue of $13.2M, expenses of $2.8M, and assets of $60.8M (revenue +183.9% year-over-year).
2020: Revenue of $4.7M, expenses of $3.6M, and assets of $50.3M (revenue -57.7% year-over-year).
2019: Revenue of $11.0M, expenses of $3.4M, and assets of $49.3M (revenue +146.1% year-over-year).
2015: Revenue of $4.5M, expenses of $3.8M, and assets of $37.4M (revenue +112.7% year-over-year).
2014: Revenue of $2.1M, expenses of $86K, and assets of $36.8M (revenue -71.0% year-over-year).
2014: Revenue of $7.2M, expenses of $2.5M, and assets of $34.7M (revenue +920.9% year-over-year).
2013: Revenue of $710K, expenses of $1.9M, and assets of $30.0M (revenue +178.2% year-over-year).
2012: Revenue of $255K, expenses of $546K, and assets of $3.0M (revenue -67.2% year-over-year).
2011: Revenue of $777K, expenses of $613K, and assets of $3.3M.

Data Sources and Methodology

This transparency report for Mary And James G Wallach 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.