Melrow And Barbara Wells Foundation
EIN: 876892445 · Louisville, KY · NTEE: T90
| Metric | Value |
|---|---|
| Total Revenue | $47K |
| Total Expenses | $9K |
| Net Assets | $935K |
Is Melrow And Barbara Wells Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Melrow And Barbara Wells Foundation
Melrow And Barbara Wells Foundation (EIN: 876892445) is a nonprofit organization based in Louisville, KY, classified under NTEE code T90. The organization reported total revenue of $47K and total assets of $914K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Melrow And Barbara Wells Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Melrow And Barbara Wells Foundation is a micro nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -71.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $9K |
| Surplus / Deficit | +$14K |
| Total Assets | $935K |
| Total Liabilities | $1 |
| Net Assets | $935K |
| Operating Margin | 62.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1319.7 months |
Financial Health Grade: A
In 2023, Melrow And Barbara Wells Foundation reported a surplus of $14K with revenue exceeding expenses, holds 1319.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Melrow And Barbara Wells Foundation's revenue has declined at a compound annual growth rate (CAGR) of -71.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.9% | -76.5% | +1.5% |
| 2022 | +154.4% | +20.4% | +506.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Melrow And Barbara Wells 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 Melrow And Barbara Wells 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 $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Melrow And Barbara Wells Foundation
Is Melrow And Barbara Wells Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Melrow And Barbara Wells Foundation (EIN: 876892445) insufficient data. 0 red flags identified, 0 strengths noted.
How does Melrow And Barbara Wells Foundation spend its money?
Detailed spending breakdown data is not yet available for Melrow And Barbara Wells Foundation. Check back for updated IRS 990 analysis.
Are donations to Melrow And Barbara Wells Foundation tax-deductible?
Melrow And Barbara Wells Foundation is registered as a tax-exempt nonprofit (EIN: 876892445). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Melrow And Barbara Wells Foundation located?
Melrow And Barbara Wells Foundation is headquartered in Louisville, Kentucky and files with the IRS under EIN 876892445. It is classified under NTEE code T90.
How many years of IRS 990 filings does Melrow And Barbara Wells Foundation have?
Melrow And Barbara Wells Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $47K in total revenue.
Filing History
IRS 990 filing history for Melrow And Barbara Wells Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Melrow And Barbara Wells Foundation's revenue has declined by 92%, moving from $283K to $23K. Total assets increased by 515.3% over the same period, from $152K to $935K. Total functional expenses fell by 71.7%, from $30K to $9K. In its most recent filing year (2023), Melrow And Barbara Wells Foundation reported a surplus of $14K, with revenue exceeding expenses. The organization holds $1 in liabilities against $935K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $935K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $9K | $935K | $1 | — | View 990 |
| 2022 | $721K | $36K | $921K | $1 | — | View 990 |
| 2021 | $283K | $30K | $152K | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $9K, and assets of $935K (revenue -96.9% year-over-year).
- 2022: Revenue of $721K, expenses of $36K, and assets of $921K (revenue +154.4% year-over-year).
- 2021: Revenue of $283K, expenses of $30K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Melrow And Barbara Wells Foundation:
Data Sources and Methodology
This transparency report for Melrow And Barbara Wells 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.