The Kim And David Wagman Foundation
The Kim And David Wagman Foundation maintains substantial assets and reports no officer compensation.
EIN: 202578755 · Purchase, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.5M |
| Total Expenses | $666K |
| Program Spending | 90% |
| Net Assets | $18.4M |
| Transparency Score | 85/100 |
Search Intent Cockpit
The Kim And David Wagman Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Kim And David Wagman 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 The Kim And David Wagman Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $654K and expenses of $666K.
Revenue and Expenses
The Kim And David Wagman Foundation reported $654K in revenue and $666K in expenses, a deficit of $13K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is The Kim And David Wagman 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 | $600K (90%) |
Across stored filings, The Kim And David Wagman 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; 1 red flag 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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Local and Sector Spokes
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Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
The Kim And David Wagman Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Kim And David Wagman Foundation
The Kim And David Wagman Foundation (EIN: 202578755) is a nonprofit organization based in Purchase, NY, classified under NTEE code T20. The organization reported total revenue of $14.5M and total assets of $23.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Kim And David Wagman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Kim And David Wagman Foundation is a large nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $654K |
| Total Expenses | $666K |
| Surplus / Deficit | $-12,662 |
| Total Assets | $18.4M |
| Total Liabilities | $1 |
| Net Assets | $18.4M |
| Operating Margin | -1.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 332.2 months |
Financial Health Grade: B
In 2023, The Kim And David Wagman Foundation reported a deficit of $13K with expenses exceeding revenue, holds 332.2 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), The Kim And David Wagman Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +71.1% | -41.5% | -0.1% |
| 2022 | -89.5% | +22.8% | -3.9% |
| 2021 | +166.9% | +1.7% | +16.6% |
| 2020 | -57.5% | +27.5% | +2.9% |
| 2019 | +258.4% | +51.2% | +101.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Kim And David Wagman Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Kim And David Wagman 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 $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for financial 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 The Kim And David Wagman Foundation's IRS 990 filings:
- Fluctuating revenue with periods of expenses exceeding revenue (e.g., 202312 and 202212), though this is common for foundations relying on investment returns.
Strengths
The following positive indicators were identified for The Kim And David Wagman Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Significant and growing asset base, reaching $23,704,998, providing long-term financial stability.
- Minimal liabilities ($0 or $1) across all reported periods, suggesting sound financial management.
- Extensive filing history (10 filings) demonstrating consistent transparency.
Frequently Asked Questions about The Kim And David Wagman Foundation
Is The Kim And David Wagman Foundation a legitimate charity?
The Kim And David Wagman Foundation (EIN: 202578755) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $14.5M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does The Kim And David Wagman Foundation spend its money?
The Kim And David Wagman Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Kim And David Wagman Foundation tax-deductible?
The Kim And David Wagman Foundation is registered as a tax-exempt nonprofit (EIN: 202578755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Kim And David Wagman Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Kim And David Wagman Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Kim And David Wagman Foundation located?
The Kim And David Wagman Foundation is headquartered in Purchase, New York and files with the IRS under EIN 202578755. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Kim And David Wagman Foundation have?
The Kim And David Wagman 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 $14.5M in total revenue.
What is the primary purpose of The Kim And David Wagman Foundation?
Based on its NTEE code T20 (Private Grantmaking Foundations) and financial patterns, its primary purpose is likely to make grants to other organizations or individuals, rather than operating direct programs.
How has the foundation's asset base grown over time?
The foundation's assets have grown significantly, from $4,214,715 in 2011 to $23,704,998 in the latest available data, demonstrating substantial financial growth and stability.
Does the foundation pay its executives?
No, the foundation consistently reports 0% officer compensation in all available IRS 990 filings, indicating that its officers are not compensated through the foundation.
Filing History
IRS 990 filing history for The Kim And David Wagman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Kim And David Wagman Foundation's revenue has declined by 46.8%, moving from $1.2M to $654K. Total assets increased by 337.7% over the same period, from $4.2M to $18.4M. Total functional expenses rose by 155.4%, from $261K to $666K. In its most recent filing year (2023), The Kim And David Wagman Foundation reported a deficit of $13K, with expenses exceeding revenue. The organization holds $1 in liabilities against $18.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $18.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $654K | $666K | $18.4M | $1 | — | View 990 |
| 2022 | $382K | $1.1M | $18.5M | $1 | — | View 990 |
| 2021 | $3.7M | $927K | $19.2M | $1 | — | View 990 |
| 2020 | $1.4M | $912K | $16.5M | $1 | — | — |
| 2019 | $3.2M | $715K | $16.0M | $1 | — | View 990 |
| 2015 | $899K | $473K | $8.0M | $0 | — | View 990 |
| 2014 | $3.4M | $447K | $7.9M | $1 | — | View 990 |
| 2013 | $1.1M | $238K | $5.0M | $1 | — | View 990 |
| 2012 | $107K | $241K | $4.1M | $0 | — | View 990 |
| 2011 | $1.2M | $261K | $4.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $654K, expenses of $666K, and assets of $18.4M (revenue +71.1% year-over-year).
- 2022: Revenue of $382K, expenses of $1.1M, and assets of $18.5M (revenue -89.5% year-over-year).
- 2021: Revenue of $3.7M, expenses of $927K, and assets of $19.2M (revenue +166.9% year-over-year).
- 2020: Revenue of $1.4M, expenses of $912K, and assets of $16.5M (revenue -57.5% year-over-year).
- 2019: Revenue of $3.2M, expenses of $715K, and assets of $16.0M (revenue +258.4% year-over-year).
- 2015: Revenue of $899K, expenses of $473K, and assets of $8.0M (revenue -73.6% year-over-year).
- 2014: Revenue of $3.4M, expenses of $447K, and assets of $7.9M (revenue +198.6% year-over-year).
- 2013: Revenue of $1.1M, expenses of $238K, and assets of $5.0M (revenue +968.8% year-over-year).
- 2012: Revenue of $107K, expenses of $241K, and assets of $4.1M (revenue -91.3% year-over-year).
- 2011: Revenue of $1.2M, expenses of $261K, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Kim And David Wagman Foundation:
Data Sources and Methodology
This transparency report for The Kim And David Wagman 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.