Richard And Elizabeth Witten Fam Foundation
Richard And Elizabeth Witten Fam Foundation shows strong financial growth and minimal liabilities with zero officer compensation.
EIN: 133632751 · Mamaroneck, NY · Updated: 2026-03-28
Is Richard And Elizabeth Witten Fam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard And Elizabeth Witten Fam Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard And Elizabeth Witten Fam Foundation
Richard And Elizabeth Witten Fam Foundation (EIN: 133632751) is a nonprofit organization based in Mamaroneck, NY. The organization reported total revenue of $10.9M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard And Elizabeth Witten Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard And Elizabeth Witten Fam Foundation is a large nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 36.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.9M |
| Total Expenses | $3.3M |
| Surplus / Deficit | +$7.7M |
| Total Assets | $8.1M |
| Total Liabilities | $1 |
| Net Assets | $8.1M |
| Operating Margin | 70.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 29.9 months |
Financial Health Grade: A
In 2024, Richard And Elizabeth Witten Fam Foundation reported a surplus of $7.7M with revenue exceeding expenses, holds 29.9 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), Richard And Elizabeth Witten Fam Foundation's revenue has grown at a compound annual growth rate (CAGR) of 36.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +40.6% | +13.9% | +46.6% |
| 2023 | +1686.6% | +69.3% | +27.4% |
| 2022 | -90.4% | -2.2% | -22.5% |
| 2021 | +250.0% | -32.8% | +22.4% |
| 2020 | +38.1% | +47.7% | -27.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Richard And Elizabeth Witten Fam 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, Richard And Elizabeth Witten Fam 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with over $10 million in revenue and suggests a volunteer-led or externally funded leadership structure.
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 Richard And Elizabeth Witten Fam Foundation's IRS 990 filings:
- NTEE code is unknown, making peer comparison difficult
- Significant fluctuations in annual revenue and expenses, though generally positive
Strengths
The following positive indicators were identified for Richard And Elizabeth Witten Fam Foundation:
- Strong financial health with substantial revenue exceeding expenses in most years (e.g., 202405 revenue $10.9M vs. expenses $3.2M)
- Consistent zero officer compensation, indicating low administrative overhead for leadership
- Minimal liabilities across all filing periods, demonstrating financial stability
- Healthy and growing asset base (e.g., $8.1M in 202405)
Frequently Asked Questions about Richard And Elizabeth Witten Fam Foundation
Is Richard And Elizabeth Witten Fam Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard And Elizabeth Witten Fam Foundation (EIN: 133632751) some concerns. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
How does Richard And Elizabeth Witten Fam Foundation spend its money?
Richard And Elizabeth Witten Fam Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richard And Elizabeth Witten Fam Foundation tax-deductible?
Richard And Elizabeth Witten Fam Foundation is registered as a tax-exempt nonprofit (EIN: 133632751). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Richard And Elizabeth Witten Fam Foundation a good charity?
Based on the available financial data, the foundation exhibits strong financial health, significant revenue generation, and a commitment to minimizing administrative costs, including zero officer compensation. These factors generally point towards a well-managed and efficient organization.
What is the primary purpose of the Richard And Elizabeth Witten Fam Foundation?
Without an NTEE code or program expense details, the specific mission or primary purpose cannot be determined from the provided financial data alone. Further investigation into their public disclosures would be needed.
How does the foundation manage to have zero officer compensation?
The consistent reporting of zero officer compensation suggests that the foundation's leadership may be entirely volunteer-based, compensated through other entities, or that the compensation falls below reporting thresholds, though the latter is less likely given the organization's size. This practice significantly reduces administrative overhead.
Filing History
IRS 990 filing history for Richard And Elizabeth Witten Fam Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Richard And Elizabeth Witten Fam Foundation's revenue has grown by 4060.7%, moving from $262K to $10.9M. Total assets increased by 33.9% over the same period, from $6.1M to $8.1M. Total functional expenses rose by 357.1%, from $714K to $3.3M. In its most recent filing year (2024), Richard And Elizabeth Witten Fam Foundation reported a surplus of $7.7M, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $10.9M | $3.3M | $8.1M | $1 | — | View 990 |
| 2023 | $7.8M | $2.9M | $5.5M | $1 | — | View 990 |
| 2022 | $434K | $1.7M | $4.3M | $1 | — | View 990 |
| 2021 | $4.5M | $1.7M | $5.6M | $1 | — | View 990 |
| 2020 | $1.3M | $2.6M | $4.6M | $0 | — | View 990 |
| 2019 | $934K | $1.7M | $6.3M | $0 | — | View 990 |
| 2015 | $1.0M | $488K | $6.4M | $0 | — | View 990 |
| 2014 | $2.8M | $1.0M | $6.5M | $0 | — | View 990 |
| 2013 | $842K | $994K | $5.7M | $0 | — | View 990 |
| 2012 | $262K | $714K | $6.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $10.9M, expenses of $3.3M, and assets of $8.1M (revenue +40.6% year-over-year).
- 2023: Revenue of $7.8M, expenses of $2.9M, and assets of $5.5M (revenue +1686.6% year-over-year).
- 2022: Revenue of $434K, expenses of $1.7M, and assets of $4.3M (revenue -90.4% year-over-year).
- 2021: Revenue of $4.5M, expenses of $1.7M, and assets of $5.6M (revenue +250.0% year-over-year).
- 2020: Revenue of $1.3M, expenses of $2.6M, and assets of $4.6M (revenue +38.1% year-over-year).
- 2019: Revenue of $934K, expenses of $1.7M, and assets of $6.3M (revenue -7.3% year-over-year).
- 2015: Revenue of $1.0M, expenses of $488K, and assets of $6.4M (revenue -63.4% year-over-year).
- 2014: Revenue of $2.8M, expenses of $1.0M, and assets of $6.5M (revenue +226.8% year-over-year).
- 2013: Revenue of $842K, expenses of $994K, and assets of $5.7M (revenue +220.8% year-over-year).
- 2012: Revenue of $262K, expenses of $714K, and assets of $6.1M.
Data Sources and Methodology
This transparency report for Richard And Elizabeth Witten Fam 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.