The Wyman Family Foundation Inc
Wyman Family Foundation consistently spends more than it earns, drawing down assets, with no reported officer compensation.
EIN: 136124582 · Easton, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $836K |
| Total Expenses | $328K |
| Program Spending | 85% |
| Net Assets | $3.4M |
| Transparency Score | 75/100 |
Is The Wyman Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Wyman Family Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Wyman Family Foundation Inc
The Wyman Family Foundation Inc (EIN: 136124582) is a nonprofit organization based in Easton, MD. The organization reported total revenue of $836K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Wyman Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Wyman Family Foundation Inc is a small nonprofit that has been operating for 63 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $242K |
| Total Expenses | $328K |
| Surplus / Deficit | $-85,924 |
| Total Assets | $3.4M |
| Total Liabilities | $1K |
| Net Assets | $3.4M |
| Operating Margin | -35.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 123.2 months |
Financial Health Grade: B
In 2024, The Wyman Family Foundation Inc reported a deficit of $86K with expenses exceeding revenue, holds 123.2 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 (2012–2024), The Wyman Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +25.7% | -4.3% | -2.4% |
| 2023 | -30.7% | +11.8% | -4.2% |
| 2022 | -29.1% | +5.4% | -0.9% |
| 2021 | +37.5% | +0.8% | +1.3% |
| 2020 | -59.4% | +5.0% | +20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1963 |
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 Wyman Family Foundation Inc with a Mission Score of 75 out of 100 (Good). 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 Wyman Family Foundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $86K, 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 officers either serve on a volunteer basis or are compensated through other means not categorized as officer compensation, which is highly efficient for a foundation of this 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 Wyman Family Foundation Inc's IRS 990 filings:
- Consistent decline in assets over the last three years ($3.6M in 2021 to $3.3M in 2024)
- Expenses frequently exceed revenue, indicating reliance on asset drawdowns rather than sustainable income generation for operations
- NTEE code is unknown, making peer comparison difficult
Strengths
The following positive indicators were identified for The Wyman Family Foundation Inc:
- 0% reported officer compensation across all filings, indicating highly efficient leadership costs
- Consistent history of IRS 990 filings (10 filings), demonstrating transparency and compliance
- Maintains a substantial asset base ($3.2M latest) to support its mission
Frequently Asked Questions about The Wyman Family Foundation Inc
Is The Wyman Family Foundation Inc a legitimate charity?
The Wyman Family Foundation Inc (EIN: 136124582) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $836K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Wyman Family Foundation Inc spend its money?
The Wyman Family Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Wyman Family Foundation Inc tax-deductible?
The Wyman Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136124582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Wyman Family Foundation Inc's spending goes to programs?
The Wyman Family Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Wyman Family Foundation Inc located?
The Wyman Family Foundation Inc is headquartered in Easton, Maryland and files with the IRS under EIN 136124582.
How many years of IRS 990 filings does The Wyman Family Foundation Inc have?
The Wyman Family 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 $836K in total revenue.
What are the specific program activities funded by The Wyman Family Foundation Inc?
The provided data does not detail the specific program activities or grants made by the foundation. Further review of the full 990 forms, particularly Schedule I (Grants and Other Assistance to Organizations, Governments, and Individuals in the United States), would be necessary to understand its mission impact.
Why have expenses consistently exceeded revenue in recent years?
For a private foundation, it is common for expenses (primarily grants) to exceed annual investment income or contributions, as they often disburse funds from their endowment to meet their annual distribution requirements. The data shows this trend, with expenses exceeding revenue in 7 out of the last 10 reported periods, including the most recent three years (2022-2024).
What is the cause of the recent decline in total assets?
The decline in assets from $3,636,114 in 2021 to $3,369,135 in 2024 is likely due to the foundation consistently spending more than its annual revenue, effectively drawing down its principal to fund its grant-making activities. This could also be influenced by investment performance.
Filing History
IRS 990 filing history for The Wyman Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), The Wyman Family Foundation Inc's revenue has grown by 93.3%, moving from $125K to $242K. Total assets increased by 40.1% over the same period, from $2.4M to $3.4M. Total functional expenses rose by 61.7%, from $203K to $328K. In its most recent filing year (2024), The Wyman Family Foundation Inc reported a deficit of $86K, with expenses exceeding revenue. The organization holds $1K in liabilities against $3.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $242K | $328K | $3.4M | $1K | — | — |
| 2023 | $193K | $343K | $3.5M | $1 | — | View 990 |
| 2022 | $278K | $307K | $3.6M | $1 | — | View 990 |
| 2021 | $392K | $291K | $3.6M | $4K | — | View 990 |
| 2020 | $285K | $289K | $3.6M | $58K | — | View 990 |
| 2016 | $703K | $275K | $3.0M | $40K | — | View 990 |
| 2015 | $201K | $278K | $2.6M | $85K | — | View 990 |
| 2014 | $343K | $248K | $2.6M | $34K | — | View 990 |
| 2013 | $330K | $216K | $2.5M | $20K | — | View 990 |
| 2012 | $125K | $203K | $2.4M | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $242K, expenses of $328K, and assets of $3.4M (revenue +25.7% year-over-year).
- 2023: Revenue of $193K, expenses of $343K, and assets of $3.5M (revenue -30.7% year-over-year).
- 2022: Revenue of $278K, expenses of $307K, and assets of $3.6M (revenue -29.1% year-over-year).
- 2021: Revenue of $392K, expenses of $291K, and assets of $3.6M (revenue +37.5% year-over-year).
- 2020: Revenue of $285K, expenses of $289K, and assets of $3.6M (revenue -59.4% year-over-year).
- 2016: Revenue of $703K, expenses of $275K, and assets of $3.0M (revenue +249.6% year-over-year).
- 2015: Revenue of $201K, expenses of $278K, and assets of $2.6M (revenue -41.5% year-over-year).
- 2014: Revenue of $343K, expenses of $248K, and assets of $2.6M (revenue +4.1% year-over-year).
- 2013: Revenue of $330K, expenses of $216K, and assets of $2.5M (revenue +163.2% year-over-year).
- 2012: Revenue of $125K, expenses of $203K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Wyman Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Wyman Family 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.