Nancy And George Walker Foundation
Nancy And George Walker Foundation consistently accumulates assets with minimal expenses and no officer compensation.
EIN: 134092798 · New York, NY · NTEE: T20 · Updated: 2026-03-28
Is Nancy And George Walker Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nancy And George Walker Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nancy And George Walker Foundation
Nancy And George Walker Foundation (EIN: 134092798) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $2.8M and total assets of $9.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nancy And George Walker Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nancy And George Walker 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, Nancy And George Walker 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
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not reported as direct officer compensation, which is highly favorable for a foundation of its size with assets nearing $10 million.
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 Nancy And George Walker Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in available data (common for private foundations)
- Unusually low liabilities ($1) consistently reported, which might warrant further inquiry into accounting practices or indicate minimal operational debt.
Strengths
The following positive indicators were identified for Nancy And George Walker Foundation:
- Exceptional financial stability with consistently low liabilities (often $1).
- Strong asset growth, increasing from $869,016 in 2011 to $6,123,223 in 2023.
- Highly efficient spending with expenses significantly lower than revenue, e.g., 2023 expenses were only 25% of revenue.
- 0% officer compensation reported across all filings, indicating lean administrative costs or volunteer leadership.
- Consistent filing history over a decade, demonstrating transparency and compliance.
Frequently Asked Questions about Nancy And George Walker Foundation
Is Nancy And George Walker Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Nancy And George Walker Foundation (EIN: 134092798) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Nancy And George Walker Foundation spend its money?
Nancy And George Walker Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nancy And George Walker Foundation tax-deductible?
Nancy And George Walker Foundation is registered as a tax-exempt nonprofit (EIN: 134092798). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Nancy And George Walker Foundation primarily a grant-making organization?
Given the very low expenses relative to revenue and significant asset growth, it is highly probable that the foundation primarily operates as a grant-making entity rather than directly running programs.
How does the foundation manage to have 0% officer compensation?
The 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or that any compensation is structured in a way that it is not reported under 'officer compensation' on the 990 form, which is unusual but not impossible for a private foundation.
What is the foundation's strategy for asset growth?
The foundation consistently spends far less than its revenue, as seen in 2023 ($1.38M revenue vs. $350K expenses), leading to substantial asset accumulation. This strategy likely aims to build a robust endowment for long-term philanthropic endeavors.
Filing History
IRS 990 filing history for Nancy And George Walker Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Nancy And George Walker Foundation's revenue has grown by 3699%, moving from $36K to $1.4M. Total assets increased by 604.6% over the same period, from $869K to $6.1M. Total functional expenses rose by 74.7%, from $201K to $350K. In its most recent filing year (2023), Nancy And George Walker Foundation reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $1 in liabilities against $6.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $350K | $6.1M | $1 | — | — |
| 2022 | $1.5M | $391K | $5.1M | $1 | — | — |
| 2021 | $4.7M | $372K | $4.0M | $1 | — | View 990 |
| 2020 | $630K | $287K | $2.2M | $1 | — | View 990 |
| 2019 | $1.5M | $184K | $1.9M | $1 | — | View 990 |
| 2015 | $478K | $127K | $952K | $0 | — | View 990 |
| 2014 | $94K | $204K | $602K | $0 | — | View 990 |
| 2013 | $42K | $43K | $667K | $0 | — | View 990 |
| 2012 | $262K | $238K | $668K | $0 | — | View 990 |
| 2011 | $36K | $201K | $869K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $350K, and assets of $6.1M (revenue -8.8% year-over-year).
- 2022: Revenue of $1.5M, expenses of $391K, and assets of $5.1M (revenue -67.8% year-over-year).
- 2021: Revenue of $4.7M, expenses of $372K, and assets of $4.0M (revenue +648.8% year-over-year).
- 2020: Revenue of $630K, expenses of $287K, and assets of $2.2M (revenue -57.3% year-over-year).
- 2019: Revenue of $1.5M, expenses of $184K, and assets of $1.9M (revenue +209.0% year-over-year).
- 2015: Revenue of $478K, expenses of $127K, and assets of $952K (revenue +406.6% year-over-year).
- 2014: Revenue of $94K, expenses of $204K, and assets of $602K (revenue +122.0% year-over-year).
- 2013: Revenue of $42K, expenses of $43K, and assets of $667K (revenue -83.8% year-over-year).
- 2012: Revenue of $262K, expenses of $238K, and assets of $668K (revenue +618.5% year-over-year).
- 2011: Revenue of $36K, expenses of $201K, and assets of $869K.
Data Sources and Methodology
This transparency report for Nancy And George Walker 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.