The Walter Kann Foundation Inc
The Walter Kann Foundation Inc. consistently operates at a deficit, leading to a decade-long decline in assets.
EIN: 133381799 · Westport, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $90K |
| Total Expenses | $66K |
| Program Spending | 70% |
| Net Assets | $264K |
| Transparency Score | 45/100 |
Is The Walter Kann Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Walter Kann Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Walter Kann Foundation Inc
The Walter Kann Foundation Inc (EIN: 133381799) is a nonprofit organization based in Westport, CT. The organization reported total revenue of $90K and total assets of $246K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Walter Kann Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Walter Kann Foundation Inc is a micro nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $66K |
| Surplus / Deficit | $-395 |
| Total Assets | $264K |
| Total Liabilities | $1 |
| Net Assets | $264K |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 48.4 months |
Financial Health Grade: B
In 2023, The Walter Kann Foundation Inc reported a deficit of $395 with expenses exceeding revenue, holds 48.4 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 Walter Kann Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +249.7% | +76.1% | -0.1% |
| 2022 | -64.5% | -38.8% | -6.6% |
| 2021 | +60.4% | +36.9% | -2.9% |
| 2020 | +1279.4% | -2.9% | -3.8% |
| 2019 | -90.0% | -0.5% | -13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Walter Kann Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Walter Kann Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $395, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors receive salaries from the organization, which is highly commendable for a nonprofit of its size.
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 Walter Kann Foundation Inc's IRS 990 filings:
- Consistent operating deficits across multiple years (e.g., 202309: -$395, 202209: -$18,592)
- Steady decline in total assets over the past decade (from $377,076 in 2011 to $264,315 in 2023)
- Revenue volatility and generally low revenue figures relative to expenses in most periods
Strengths
The following positive indicators were identified for The Walter Kann Foundation Inc:
- No reported officer compensation across all filings, indicating efficient use of funds for leadership costs.
- Maintained a positive asset base despite consistent deficits, suggesting some financial reserves.
Frequently Asked Questions about The Walter Kann Foundation Inc
Is The Walter Kann Foundation Inc a legitimate charity?
The Walter Kann Foundation Inc (EIN: 133381799) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $90K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does The Walter Kann Foundation Inc spend its money?
The Walter Kann Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Walter Kann Foundation Inc tax-deductible?
The Walter Kann Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133381799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Walter Kann Foundation Inc's spending goes to programs?
The Walter Kann Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is The Walter Kann Foundation Inc located?
The Walter Kann Foundation Inc is headquartered in Westport, Connecticut and files with the IRS under EIN 133381799.
How many years of IRS 990 filings does The Walter Kann Foundation Inc have?
The Walter Kann Foundation Inc 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 $90K in total revenue.
Is The Walter Kann Foundation Inc. financially sustainable?
Based on the consistent operating deficits, where expenses frequently exceed revenue (e.g., $65,592 expenses vs. $65,197 revenue in 202309), the organization's current financial model appears unsustainable in the long term, as evidenced by the continuous decline in assets.
What are the primary programs or activities of The Walter Kann Foundation Inc.?
The provided data does not include an NTEE code or specific program descriptions, making it impossible to determine the primary programs or activities of the foundation.
Why have the organization's assets been steadily declining?
The organization's assets have declined from $377,076 in 2011 to $264,315 in 2023 primarily due to consistent operating deficits, where annual expenses have frequently outpaced annual revenues.
Filing History
IRS 990 filing history for The Walter Kann Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Walter Kann Foundation Inc's revenue has grown by 241.6%, moving from $19K to $65K. Total assets decreased by 29.9% over the same period, from $377K to $264K. Total functional expenses rose by 79.1%, from $37K to $66K. In its most recent filing year (2023), The Walter Kann Foundation Inc reported a deficit of $395, with expenses exceeding revenue. The organization holds $1 in liabilities against $264K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $264K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $66K | $264K | $1 | — | — |
| 2022 | $19K | $37K | $265K | $1 | — | View 990 |
| 2021 | $53K | $61K | $283K | $1 | — | — |
| 2020 | $33K | $44K | $292K | $0 | — | View 990 |
| 2019 | $2K | $46K | $303K | $0 | — | View 990 |
| 2015 | $24K | $46K | $352K | $1 | — | View 990 |
| 2014 | $46K | $29K | $375K | $1 | — | View 990 |
| 2013 | $31K | $38K | $357K | $1 | — | View 990 |
| 2012 | $14K | $27K | $364K | $1 | — | View 990 |
| 2011 | $19K | $37K | $377K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65K, expenses of $66K, and assets of $264K (revenue +249.7% year-over-year).
- 2022: Revenue of $19K, expenses of $37K, and assets of $265K (revenue -64.5% year-over-year).
- 2021: Revenue of $53K, expenses of $61K, and assets of $283K (revenue +60.4% year-over-year).
- 2020: Revenue of $33K, expenses of $44K, and assets of $292K (revenue +1279.4% year-over-year).
- 2019: Revenue of $2K, expenses of $46K, and assets of $303K (revenue -90.0% year-over-year).
- 2015: Revenue of $24K, expenses of $46K, and assets of $352K (revenue -48.9% year-over-year).
- 2014: Revenue of $46K, expenses of $29K, and assets of $375K (revenue +47.1% year-over-year).
- 2013: Revenue of $31K, expenses of $38K, and assets of $357K (revenue +120.1% year-over-year).
- 2012: Revenue of $14K, expenses of $27K, and assets of $364K (revenue -25.1% year-over-year).
- 2011: Revenue of $19K, expenses of $37K, and assets of $377K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Walter Kann Foundation Inc:
Data Sources and Methodology
This transparency report for The Walter Kann Foundation Inc 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.