The Charles And Joanne Mcilwaine Foundation
The Charles And Joanne Mcilwaine Foundation consistently operates with expenses often exceeding revenue, maintaining substantial assets and reporting no officer compensation.
EIN: 207163272 · Tulsa, OK · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $229K |
| Total Expenses | $307K |
| Program Spending | 85% |
| Net Assets | $2.7M |
| Transparency Score | 80/100 |
Is The Charles And Joanne Mcilwaine Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Charles And Joanne Mcilwaine Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Charles And Joanne Mcilwaine Foundation
The Charles And Joanne Mcilwaine Foundation (EIN: 207163272) is a nonprofit organization based in Tulsa, OK, classified under NTEE code T22. The organization reported total revenue of $229K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Charles And Joanne Mcilwaine Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Charles And Joanne Mcilwaine Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $270K |
| Total Expenses | $307K |
| Surplus / Deficit | $-37,730 |
| Total Assets | $2.9M |
| Total Liabilities | $237K |
| Net Assets | $2.7M |
| Operating Margin | -14.0% |
| Debt-to-Asset Ratio | 8.2% |
| Months of Reserves | 112.8 months |
Financial Health Grade: B
In 2023, The Charles And Joanne Mcilwaine Foundation reported a deficit of $38K with expenses exceeding revenue, holds 112.8 months of operating reserves (strong position), has a debt-to-asset ratio of 8.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Charles And Joanne Mcilwaine Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.5% | +11.2% | +30.5% |
| 2022 | +54.0% | -19.0% | -32.8% |
| 2021 | +161.0% | +15.1% | +16.5% |
| 2020 | -63.3% | -2.3% | +15.1% |
| 2019 | +690.4% | +8.0% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 The Charles And Joanne Mcilwaine Foundation with a Mission Score of 80 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, The Charles And Joanne Mcilwaine Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.2%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for resource allocation.
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 The Charles And Joanne Mcilwaine Foundation's IRS 990 filings:
- Consistent pattern of expenses exceeding revenue in multiple years (e.g., 2023, 2021, 2020), which could indicate reliance on asset drawdowns.
Strengths
The following positive indicators were identified for The Charles And Joanne Mcilwaine Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Maintains substantial assets ($3,599,939 latest) relative to its annual revenue and expenses, providing a strong financial base.
- Long filing history (10 filings) demonstrates consistent operation and transparency over time.
Frequently Asked Questions about The Charles And Joanne Mcilwaine Foundation
Is The Charles And Joanne Mcilwaine Foundation a legitimate charity?
The Charles And Joanne Mcilwaine Foundation (EIN: 207163272) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $229K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does The Charles And Joanne Mcilwaine Foundation spend its money?
The Charles And Joanne Mcilwaine Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Charles And Joanne Mcilwaine Foundation tax-deductible?
The Charles And Joanne Mcilwaine Foundation is registered as a tax-exempt nonprofit (EIN: 207163272). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Charles And Joanne Mcilwaine Foundation's spending goes to programs?
The Charles And Joanne Mcilwaine Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Charles And Joanne Mcilwaine Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), The Charles And Joanne Mcilwaine Foundation 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 The Charles And Joanne Mcilwaine Foundation located?
The Charles And Joanne Mcilwaine Foundation is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 207163272. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Charles And Joanne Mcilwaine Foundation have?
The Charles And Joanne Mcilwaine 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 $229K in total revenue.
How does the foundation cover its expenses when they exceed revenue, as seen in multiple years?
As a private foundation, it likely covers these deficits by drawing from its investment assets or accumulated surpluses from prior years where revenue exceeded expenses, such as in 2022 where revenue was $372,049 and expenses were $276,417.
What is the primary purpose of the foundation's expenses given its NTEE code T22 (Private Grantmaking Foundations)?
Given its NTEE code, the majority of its expenses are expected to be in the form of grants and contributions made to other organizations or individuals, fulfilling its philanthropic mission.
Is the consistent 0% officer compensation sustainable for the foundation's long-term operations?
While it indicates high efficiency in administrative costs, it might suggest reliance on volunteer efforts. For long-term sustainability and professional management, some level of compensation for key roles might eventually be considered, though it's not a red flag in itself for a foundation of this size.
Filing History
IRS 990 filing history for The Charles And Joanne Mcilwaine Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Charles And Joanne Mcilwaine Foundation's revenue has grown by 0.1%, moving from $270K to $270K. Total assets increased by 6.8% over the same period, from $2.7M to $2.9M. Total functional expenses rose by 9.6%, from $281K to $307K. In its most recent filing year (2023), The Charles And Joanne Mcilwaine Foundation reported a deficit of $38K, with expenses exceeding revenue. The organization holds $237K in liabilities against $2.9M in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $270K | $307K | $2.9M | $237K | — | View 990 |
| 2022 | $372K | $276K | $2.2M | $206K | — | View 990 |
| 2021 | $242K | $341K | $3.3M | $269K | — | View 990 |
| 2020 | $93K | $297K | $2.8M | $243K | — | — |
| 2019 | $252K | $304K | $2.5M | $162K | — | View 990 |
| 2015 | $32K | $281K | $2.4M | $195K | — | View 990 |
| 2014 | $93K | $285K | $2.7M | $230K | — | View 990 |
| 2013 | $235K | $273K | $2.8M | $195K | — | View 990 |
| 2012 | $157K | $255K | $2.7M | $162K | — | View 990 |
| 2011 | $270K | $281K | $2.7M | $181K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $270K, expenses of $307K, and assets of $2.9M (revenue -27.5% year-over-year).
- 2022: Revenue of $372K, expenses of $276K, and assets of $2.2M (revenue +54.0% year-over-year).
- 2021: Revenue of $242K, expenses of $341K, and assets of $3.3M (revenue +161.0% year-over-year).
- 2020: Revenue of $93K, expenses of $297K, and assets of $2.8M (revenue -63.3% year-over-year).
- 2019: Revenue of $252K, expenses of $304K, and assets of $2.5M (revenue +690.4% year-over-year).
- 2015: Revenue of $32K, expenses of $281K, and assets of $2.4M (revenue -65.5% year-over-year).
- 2014: Revenue of $93K, expenses of $285K, and assets of $2.7M (revenue -60.6% year-over-year).
- 2013: Revenue of $235K, expenses of $273K, and assets of $2.8M (revenue +49.4% year-over-year).
- 2012: Revenue of $157K, expenses of $255K, and assets of $2.7M (revenue -41.6% year-over-year).
- 2011: Revenue of $270K, expenses of $281K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Charles And Joanne Mcilwaine Foundation:
Data Sources and Methodology
This transparency report for The Charles And Joanne Mcilwaine 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.