Susan S & Kenneth Wallach Foundation
Wallach Foundation maintains substantial assets despite recent operating deficits and zero reported officer compensation.
EIN: 137147899 · Purchase, NY · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $52.3M |
| Total Expenses | $4.9M |
| Program Spending | 90% |
| Net Assets | $71.4M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Susan S & Kenneth Wallach Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Susan S & Kenneth Wallach Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Susan S & Kenneth Wallach Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $3.4M and expenses of $4.9M.
Revenue and Expenses
Susan S & Kenneth Wallach Foundation reported $3.4M in revenue and $4.9M in expenses, a deficit of $1.5M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Susan S & Kenneth Wallach Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $4.4M (90%) |
Across stored filings, Susan S & Kenneth Wallach Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Susan S & Kenneth Wallach Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Susan S & Kenneth Wallach Foundation
Susan S & Kenneth Wallach Foundation (EIN: 137147899) is a nonprofit organization based in Purchase, NY, classified under NTEE code T20Z. The organization reported total revenue of $52.3M and total assets of $87.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Susan S & Kenneth Wallach Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Susan S & Kenneth Wallach Foundation is a major nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $4.9M |
| Surplus / Deficit | $-1,475,165 |
| Total Assets | $71.4M |
| Total Liabilities | $1 |
| Net Assets | $71.4M |
| Operating Margin | -43.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 175.6 months |
Financial Health Grade: B
In 2023, Susan S & Kenneth Wallach Foundation reported a deficit of $1.5M with expenses exceeding revenue, holds 175.6 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), Susan S & Kenneth Wallach Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +71.3% | +11.0% | -2.0% |
| 2022 | -86.8% | -6.9% | -3.2% |
| 2021 | +148.9% | +37.3% | +15.8% |
| 2020 | -57.2% | -2.8% | +4.1% |
| 2019 | +164.6% | +1.3% | +34.7% |
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 Susan S & Kenneth Wallach Foundation with a Mission Score of 90 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, Susan S & Kenneth Wallach 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation, which is highly favorable for spending efficiency.
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 Susan S & Kenneth Wallach Foundation's IRS 990 filings:
- Recent trend of expenses exceeding revenue (e.g., $4.88M expenses vs. $3.40M revenue in 202312)
- Significant fluctuations in annual revenue, potentially indicating reliance on volatile income sources.
Strengths
The following positive indicators were identified for Susan S & Kenneth Wallach Foundation:
- Consistently reports 0% officer compensation, indicating high efficiency and transparency regarding executive pay.
- Maintains a very strong asset base ($71.4M in 202312) with minimal liabilities ($1), ensuring long-term financial stability.
- Consistent IRS 990 filing history over a decade demonstrates commitment to compliance and public disclosure.
- Substantial growth in assets over time, from $1.8M in 201112 to $71.4M in 202312.
Frequently Asked Questions about Susan S & Kenneth Wallach Foundation
Is Susan S & Kenneth Wallach Foundation a legitimate charity?
Susan S & Kenneth Wallach Foundation (EIN: 137147899) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $52.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Susan S & Kenneth Wallach Foundation spend its money?
Susan S & Kenneth Wallach Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Susan S & Kenneth Wallach Foundation tax-deductible?
Susan S & Kenneth Wallach Foundation is registered as a tax-exempt nonprofit (EIN: 137147899). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Susan S & Kenneth Wallach Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Susan S & Kenneth Wallach Foundation 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 Susan S & Kenneth Wallach Foundation located?
Susan S & Kenneth Wallach Foundation is headquartered in Purchase, New York and files with the IRS under EIN 137147899. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Susan S & Kenneth Wallach Foundation have?
Susan S & Kenneth Wallach Foundation 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 $52.3M in total revenue.
Is the Susan S & Kenneth Wallach Foundation financially stable?
Yes, the foundation is financially stable, boasting substantial assets of $71,396,981 as of 202312 and minimal liabilities ($1), providing a strong endowment for its operations despite recent operating deficits.
How does the foundation's executive compensation compare to other nonprofits?
The foundation reports 0% officer compensation in all available filings, which is exceptionally low compared to most nonprofits and indicates a strong commitment to directing funds towards its mission rather than executive salaries.
Has the foundation's revenue been consistent?
The foundation's revenue has fluctuated significantly, ranging from $320,714 in 201212 to $14,996,467 in 202112, indicating variability likely tied to investment performance or large contributions.
Are the foundation's expenses growing faster than its revenue?
In recent periods (202312 and 202212), the foundation's expenses have exceeded its revenue, with expenses of $4,879,090 against revenue of $3,403,925 in 202312, suggesting a reliance on its asset base or prior surpluses to cover costs.
Filing History
IRS 990 filing history for Susan S & Kenneth Wallach Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Susan S & Kenneth Wallach Foundation's revenue has grown by 471.3%, moving from $596K to $3.4M. Total assets increased by 3665.3% over the same period, from $1.9M to $71.4M. Total functional expenses rose by 1136%, from $395K to $4.9M. In its most recent filing year (2023), Susan S & Kenneth Wallach Foundation reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $71.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $71.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $4.9M | $71.4M | $1 | — | View 990 |
| 2022 | $2.0M | $4.4M | $72.9M | $1 | — | View 990 |
| 2021 | $15.0M | $4.7M | $75.3M | $1 | — | View 990 |
| 2020 | $6.0M | $3.4M | $65.0M | $1 | — | — |
| 2019 | $14.1M | $3.5M | $62.4M | $1 | — | — |
| 2015 | $5.3M | $3.5M | $46.3M | $0 | — | View 990 |
| 2014 | $12.0M | $4.4M | $44.5M | $1 | — | View 990 |
| 2013 | $753K | $874K | $37.0M | $0 | — | View 990 |
| 2012 | $321K | $387K | $1.8M | $0 | — | View 990 |
| 2011 | $596K | $395K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $4.9M, and assets of $71.4M (revenue +71.3% year-over-year).
- 2022: Revenue of $2.0M, expenses of $4.4M, and assets of $72.9M (revenue -86.8% year-over-year).
- 2021: Revenue of $15.0M, expenses of $4.7M, and assets of $75.3M (revenue +148.9% year-over-year).
- 2020: Revenue of $6.0M, expenses of $3.4M, and assets of $65.0M (revenue -57.2% year-over-year).
- 2019: Revenue of $14.1M, expenses of $3.5M, and assets of $62.4M (revenue +164.6% year-over-year).
- 2015: Revenue of $5.3M, expenses of $3.5M, and assets of $46.3M (revenue -55.7% year-over-year).
- 2014: Revenue of $12.0M, expenses of $4.4M, and assets of $44.5M (revenue +1493.1% year-over-year).
- 2013: Revenue of $753K, expenses of $874K, and assets of $37.0M (revenue +134.8% year-over-year).
- 2012: Revenue of $321K, expenses of $387K, and assets of $1.8M (revenue -46.2% year-over-year).
- 2011: Revenue of $596K, expenses of $395K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Susan S & Kenneth Wallach Foundation:
Data Sources and Methodology
This transparency report for Susan S & Kenneth Wallach 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.