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

$52.3MRevenue

$87.1MAssets

90/100Mission Score (Excellent)

T20Z

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.

AI Transparency Report

The Susan S & Kenneth Wallach Foundation demonstrates a strong financial position with substantial assets, currently at $71,396,981 as of the 202312 period, and a history of significant revenue generation, including a peak of $14,996,467 in 202112. The organization consistently reports minimal liabilities, often just $1, indicating excellent financial stability and low debt risk. However, the foundation has shown a trend of expenses exceeding revenue in recent years, with expenses of $4,879,090 against revenue of $3,403,925 in 202312, and $4,395,666 against $1,986,586 in 202212. This suggests a reliance on prior year surpluses or investment income to cover operational costs, which while not immediately problematic for a well-endowed foundation, warrants monitoring for long-term sustainability.

The foundation's transparency is commendable, particularly with its consistent reporting of 0% officer compensation across all available filings. This indicates that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is a strong positive for donor confidence. The NTEE code T20Z (Private Grantmaking Foundations) aligns with its operational model, and the consistent filing of IRS Form 990s over a decade demonstrates a commitment to regulatory compliance and public disclosure. The substantial asset base provides a strong endowment for future grantmaking activities.

While the foundation's financial health is robust due to its large asset base, the recent trend of operating deficits (expenses exceeding revenue) could be a point of concern if it continues without sufficient investment returns to offset the difference. The absence of officer compensation is a significant strength in terms of spending efficiency and transparency, suggesting that a very high proportion of funds are directed towards programmatic activities or asset growth rather than administrative overhead related to executive salaries. Overall, the foundation appears financially sound and transparent, though the recent revenue-expense trend should be observed.

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.

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 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.	PDF
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.

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.