Sam E And Burnice C Wittelfoundation
Wittelfoundation sees significant revenue surge in 2023 with minimal expenses and no officer compensation.
EIN: 204028699 · Jackson, MS · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $196K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $4,355,455 |
| Net Assets | $4.4M |
| Transparency Score | 85/100 |
Is Sam E And Burnice C Wittelfoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sam E And Burnice C Wittelfoundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sam E And Burnice C Wittelfoundation
Sam E And Burnice C Wittelfoundation (EIN: 204028699) is a nonprofit organization based in Jackson, MS, classified under NTEE code T22. The organization reported total revenue of $1.5M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sam E And Burnice C Wittelfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sam E And Burnice C Wittelfoundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 52.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $196K |
| Surplus / Deficit | +$1.8M |
| Total Assets | $4.4M |
| Total Liabilities | $1 |
| Net Assets | $4.4M |
| Operating Margin | 90.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 266.3 months |
Financial Health Grade: A
In 2023, Sam E And Burnice C Wittelfoundation reported a surplus of $1.8M with revenue exceeding expenses, holds 266.3 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 (2011–2023), Sam E And Burnice C Wittelfoundation's revenue has grown at a compound annual growth rate (CAGR) of 52.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1231.9% | -14.8% | +71.1% |
| 2022 | +36.6% | +19.8% | -3.0% |
| 2021 | -40.3% | +0.2% | -3.0% |
| 2020 | +46.9% | +1.4% | -0.3% |
| 2019 | +22.7% | -7.6% | -14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Sam E And Burnice C Wittelfoundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Sam E And Burnice C Wittelfoundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led board or that compensation is covered by an external entity, which is highly efficient for an organization of its asset size ($4,355,455 in 2023).
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 Sam E And Burnice C Wittelfoundation's IRS 990 filings:
- Significant revenue volatility without clear explanation in summary data
- Limited information on specific program impact or grant recipients from summary data
Strengths
The following positive indicators were identified for Sam E And Burnice C Wittelfoundation:
- Consistent absence of officer compensation, indicating high administrative efficiency
- Strong asset base ($4,355,455 in 2023) providing long-term stability
- Very low liabilities across all reported periods ($1 in most filings)
- Consistent filing history demonstrating transparency
Frequently Asked Questions about Sam E And Burnice C Wittelfoundation
Is Sam E And Burnice C Wittelfoundation a legitimate charity?
Sam E And Burnice C Wittelfoundation (EIN: 204028699) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Sam E And Burnice C Wittelfoundation spend its money?
Sam E And Burnice C Wittelfoundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sam E And Burnice C Wittelfoundation tax-deductible?
Sam E And Burnice C Wittelfoundation is registered as a tax-exempt nonprofit (EIN: 204028699). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sam E And Burnice C Wittelfoundation CEO make?
Sam E And Burnice C Wittelfoundation's highest-compensated officer earns $4,355,455 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Sam E And Burnice C Wittelfoundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Sam E And Burnice C Wittelfoundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sam E And Burnice C Wittelfoundation located?
Sam E And Burnice C Wittelfoundation is headquartered in Jackson, Mississippi and files with the IRS under EIN 204028699. It is classified under NTEE code T22.
How many years of IRS 990 filings does Sam E And Burnice C Wittelfoundation have?
Sam E And Burnice C Wittelfoundation 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 $1.5M in total revenue.
What caused the significant revenue increase in 2023?
The 2023 filing shows a revenue of $2,006,381, a substantial increase from $150,642 in 2022. This could be due to a large donation, investment gains, or a combination of factors not detailed in the summary data.
How does the foundation determine its grant recipients?
The provided data does not specify the foundation's grant-making process or the types of organizations it supports, which would typically be found in the full 990 form's Schedule I.
What is the foundation's long-term strategy given its low expense-to-revenue ratio in 2023?
With 2023 expenses at $196,261 against $2,006,381 in revenue, the foundation appears to be accumulating capital, suggesting a strategy focused on endowment growth and sustained future grant-making rather than immediate large-scale distributions.
Filing History
IRS 990 filing history for Sam E And Burnice C Wittelfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sam E And Burnice C Wittelfoundation's revenue has grown by 16023.3%, moving from $12K to $2.0M. Total assets increased by 23% over the same period, from $3.5M to $4.4M. Total functional expenses fell by 9.4%, from $217K to $196K. In its most recent filing year (2023), Sam E And Burnice C Wittelfoundation reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $196K | $4.4M | $1 | — | — |
| 2022 | $151K | $230K | $2.5M | $1 | — | View 990 |
| 2021 | $110K | $192K | $2.6M | $1 | — | View 990 |
| 2020 | $185K | $192K | $2.7M | $1 | — | View 990 |
| 2019 | $126K | $189K | $2.7M | $107 | — | View 990 |
| 2015 | $102K | $205K | $3.2M | $1 | — | View 990 |
| 2014 | $122K | $183K | $3.3M | $1 | — | View 990 |
| 2013 | $92K | $219K | $3.3M | $1 | — | View 990 |
| 2012 | $124K | $205K | $3.5M | $1 | — | View 990 |
| 2011 | $12K | $217K | $3.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $196K, and assets of $4.4M (revenue +1231.9% year-over-year).
- 2022: Revenue of $151K, expenses of $230K, and assets of $2.5M (revenue +36.6% year-over-year).
- 2021: Revenue of $110K, expenses of $192K, and assets of $2.6M (revenue -40.3% year-over-year).
- 2020: Revenue of $185K, expenses of $192K, and assets of $2.7M (revenue +46.9% year-over-year).
- 2019: Revenue of $126K, expenses of $189K, and assets of $2.7M (revenue +22.7% year-over-year).
- 2015: Revenue of $102K, expenses of $205K, and assets of $3.2M (revenue -15.7% year-over-year).
- 2014: Revenue of $122K, expenses of $183K, and assets of $3.3M (revenue +32.3% year-over-year).
- 2013: Revenue of $92K, expenses of $219K, and assets of $3.3M (revenue -25.9% year-over-year).
- 2012: Revenue of $124K, expenses of $205K, and assets of $3.5M (revenue +897.2% year-over-year).
- 2011: Revenue of $12K, expenses of $217K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sam E And Burnice C Wittelfoundation:
Data Sources and Methodology
This transparency report for Sam E And Burnice C Wittelfoundation 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.