Potters Wheel Foundation Inc
Potters Wheel Foundation Inc shows consistent asset growth and zero reported officer compensation across all filings.
EIN: 133949433 · New York, NY · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.7M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $14 |
| Net Assets | $14.7M |
| Transparency Score | 85/100 |
Is Potters Wheel Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Potters Wheel Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Potters Wheel Foundation Inc
Potters Wheel Foundation Inc (EIN: 133949433) is a nonprofit organization based in New York, NY, classified under NTEE code T20Z. The organization reported total revenue of $7.7M and total assets of $15.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Potters Wheel Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Potters Wheel Foundation Inc is a mid-size nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 17.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$653K |
| Total Assets | $14.7M |
| Total Liabilities | $1 |
| Net Assets | $14.7M |
| Operating Margin | 37.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 161.2 months |
Financial Health Grade: A
In 2024, Potters Wheel Foundation Inc reported a surplus of $653K with revenue exceeding expenses, holds 161.2 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 (2012–2024), Potters Wheel Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +139.1% | -15.2% | +4.7% |
| 2023 | -76.7% | +15.4% | -3.8% |
| 2022 | +157.7% | +0.6% | +16.1% |
| 2021 | +56.9% | +22.9% | +2.2% |
| 2020 | +155.6% | +124.2% | +141.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Potters Wheel Foundation Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Potters Wheel Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $653K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all ten available filings, which is highly unusual for an organization with assets exceeding $14 million and annual revenues often over $1 million, suggesting a volunteer-led executive team or an alternative compensation structure not disclosed in this field.
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 Potters Wheel Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $3.13M in 2022 to $729K in 2023)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Unusually consistent 0% officer compensation for an organization of this size, warranting further investigation into leadership structure and compensation practices.
Strengths
The following positive indicators were identified for Potters Wheel Foundation Inc:
- Consistent asset growth over the past decade, from $4.66 million in 2012 to $14.65 million in 2024.
- Minimal reported liabilities across all filings, indicating strong financial solvency.
- Consistent IRS 990 filing history (10 filings), demonstrating transparency and compliance.
- Zero reported officer compensation, suggesting a highly lean executive overhead or volunteer leadership.
Frequently Asked Questions about Potters Wheel Foundation Inc
Is Potters Wheel Foundation Inc a legitimate charity?
Potters Wheel Foundation Inc (EIN: 133949433) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $7.7M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Potters Wheel Foundation Inc spend its money?
Potters Wheel Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Potters Wheel Foundation Inc tax-deductible?
Potters Wheel Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133949433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Potters Wheel Foundation Inc CEO make?
Potters Wheel Foundation Inc's highest-compensated officer earns $14 annually. The organization reported $7.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Potters Wheel Foundation Inc's spending goes to programs?
Potters Wheel Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Potters Wheel Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Potters Wheel Foundation Inc is above average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Potters Wheel Foundation Inc located?
Potters Wheel Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133949433. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Potters Wheel Foundation Inc have?
Potters Wheel Foundation Inc 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 $7.7M in total revenue.
Is Potters Wheel Foundation Inc a good charity?
Based on its strong asset growth, minimal liabilities, and consistent reporting of zero officer compensation, it appears to be a financially responsible organization. However, a detailed breakdown of program spending versus administrative and fundraising costs would provide a clearer picture of its efficiency and impact.
How does Potters Wheel Foundation Inc fund its operations?
The revenue figures fluctuate significantly year-to-year, indicating reliance on varied funding sources. For example, revenue was $3.13 million in 2022 but dropped to $729,188 in 2023, then rose to $1.74 million in 2024. This suggests a mix of grants, donations, and potentially investment income, but without further detail, specific sources are unclear.
What is the significance of 0% officer compensation?
Zero officer compensation across all filings is highly unusual for an organization of this size. It could mean that the executive leadership is entirely volunteer-based, or that compensation is structured in a way that isn't reported under 'Officer Comp' on the 990, such as through a related entity or as contractor fees. While it suggests low overhead at the executive level, it also raises questions about the long-term sustainability of leadership.
Filing History
IRS 990 filing history for Potters Wheel Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Potters Wheel Foundation Inc's revenue has grown by 605.6%, moving from $247K to $1.7M. Total assets increased by 214.5% over the same period, from $4.7M to $14.7M. Total functional expenses rose by 210.8%, from $351K to $1.1M. In its most recent filing year (2024), Potters Wheel Foundation Inc reported a surplus of $653K, with revenue exceeding expenses. The organization holds $1 in liabilities against $14.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $1.1M | $14.7M | $1 | — | View 990 |
| 2023 | $729K | $1.3M | $14.0M | $1 | — | View 990 |
| 2022 | $3.1M | $1.1M | $14.6M | $1 | — | View 990 |
| 2021 | $1.2M | $1.1M | $12.5M | $1 | — | View 990 |
| 2020 | $775K | $901K | $12.3M | $0 | — | View 990 |
| 2016 | $303K | $402K | $5.1M | $1 | — | View 990 |
| 2015 | $419K | $395K | $5.2M | $1 | — | View 990 |
| 2014 | $540K | $344K | $5.1M | $1 | — | View 990 |
| 2013 | $372K | $340K | $4.8M | $0 | — | View 990 |
| 2012 | $247K | $351K | $4.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.7M, expenses of $1.1M, and assets of $14.7M (revenue +139.1% year-over-year).
- 2023: Revenue of $729K, expenses of $1.3M, and assets of $14.0M (revenue -76.7% year-over-year).
- 2022: Revenue of $3.1M, expenses of $1.1M, and assets of $14.6M (revenue +157.7% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $12.5M (revenue +56.9% year-over-year).
- 2020: Revenue of $775K, expenses of $901K, and assets of $12.3M (revenue +155.6% year-over-year).
- 2016: Revenue of $303K, expenses of $402K, and assets of $5.1M (revenue -27.6% year-over-year).
- 2015: Revenue of $419K, expenses of $395K, and assets of $5.2M (revenue -22.4% year-over-year).
- 2014: Revenue of $540K, expenses of $344K, and assets of $5.1M (revenue +45.2% year-over-year).
- 2013: Revenue of $372K, expenses of $340K, and assets of $4.8M (revenue +50.6% year-over-year).
- 2012: Revenue of $247K, expenses of $351K, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Potters Wheel Foundation Inc:
Data Sources and Methodology
This transparency report for Potters Wheel Foundation Inc 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.