Thomas J & Bette Wolff Family Charitable Foundation Inc
Small Family Foundation with Consistent Growth and Low Overhead
EIN: 222655664 · Manchester, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $34K |
| Total Expenses | $19K |
| Program Spending | 65% |
| CEO/Top Officer Pay | $19,115 |
| Net Assets | $659K |
| Transparency Score | 75/100 |
Is Thomas J & Bette Wolff Family Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas J & Bette Wolff Family Charitable Foundation Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Thomas J & Bette Wolff Family Charitable Foundation Inc
Thomas J & Bette Wolff Family Charitable Foundation Inc (EIN: 222655664) is a nonprofit organization based in Manchester, CT. The organization reported total revenue of $34K and total assets of $674K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas J & Bette Wolff Family Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas J & Bette Wolff Family Charitable Foundation Inc is a micro nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34K |
| Total Expenses | $19K |
| Surplus / Deficit | +$15K |
| Total Assets | $659K |
| Total Liabilities | $1 |
| Net Assets | $659K |
| Operating Margin | 43.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 413.5 months |
Financial Health Grade: A
In 2023, Thomas J & Bette Wolff Family Charitable Foundation Inc reported a surplus of $15K with revenue exceeding expenses, holds 413.5 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), Thomas J & Bette Wolff Family Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -70.2% | -59.7% | +2.3% |
| 2022 | +107.2% | +179.8% | +11.5% |
| 2021 | +28.7% | +6.7% | +7.1% |
| 2020 | -19.3% | -13.3% | +5.2% |
| 2019 | +125.9% | -20.8% | +29.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Thomas J & Bette Wolff Family Charitable 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: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Thomas J & Bette Wolff Family Charitable Foundation Inc allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported, consistent with a small family foundation likely run by volunteers or with minimal paid staff, as total expenses are low (e.g., $19,115 in 2023).
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 Thomas J & Bette Wolff Family Charitable Foundation Inc's IRS 990 filings:
- Limited public information on specific programs or impact beyond financial filings.
Strengths
The following positive indicators were identified for Thomas J & Bette Wolff Family Charitable Foundation Inc:
- Consistent asset growth over the past decade, from $388,538 in 2013 to $673,770 in 2023.
- Very low administrative and fundraising expenses relative to assets and revenue.
- Maintains a healthy asset base significantly larger than annual revenue, indicating financial stability.
Frequently Asked Questions about Thomas J & Bette Wolff Family Charitable Foundation Inc
Is Thomas J & Bette Wolff Family Charitable Foundation Inc a legitimate charity?
Thomas J & Bette Wolff Family Charitable Foundation Inc (EIN: 222655664) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $34K. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does Thomas J & Bette Wolff Family Charitable Foundation Inc spend its money?
Thomas J & Bette Wolff Family Charitable Foundation Inc directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Thomas J & Bette Wolff Family Charitable Foundation Inc tax-deductible?
Thomas J & Bette Wolff Family Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222655664). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Thomas J & Bette Wolff Family Charitable Foundation Inc CEO make?
Thomas J & Bette Wolff Family Charitable Foundation Inc's highest-compensated officer earns $19,115 annually. The organization reported $34K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Thomas J & Bette Wolff Family Charitable Foundation Inc's spending goes to programs?
Thomas J & Bette Wolff Family Charitable Foundation Inc directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Thomas J & Bette Wolff Family Charitable Foundation Inc located?
Thomas J & Bette Wolff Family Charitable Foundation Inc is headquartered in Manchester, Connecticut and files with the IRS under EIN 222655664.
How many years of IRS 990 filings does Thomas J & Bette Wolff Family Charitable Foundation Inc have?
Thomas J & Bette Wolff Family Charitable 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 $34K in total revenue.
What does Thomas J & Bette Wolff Family Charitable Foundation Inc do?
Thomas J & Bette Wolff Family Charitable Foundation Inc is a nonprofit organization in the Unknown sector, located in Manchester, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Thomas J & Bette Wolff Family Charitable Foundation Inc have?
Thomas J & Bette Wolff Family Charitable Foundation Inc reported total revenue of $33,961. Based on 10 IRS 990 filings on record.
What are Thomas J & Bette Wolff Family Charitable Foundation Inc's total assets?
Thomas J & Bette Wolff Family Charitable Foundation Inc holds total assets of $673,770 as reported in IRS 990 filings.
Where is Thomas J & Bette Wolff Family Charitable Foundation Inc located?
Thomas J & Bette Wolff Family Charitable Foundation Inc is based in Manchester, Connecticut.
What is Thomas J & Bette Wolff Family Charitable Foundation Inc's EIN?
Thomas J & Bette Wolff Family Charitable Foundation Inc's Employer Identification Number (EIN) is 222655664. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Thomas J & Bette Wolff Family Charitable Foundation Inc?
Thomas J & Bette Wolff Family Charitable Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Thomas J & Bette Wolff Family Charitable Foundation Inc a registered 501(c)(3)?
Thomas J & Bette Wolff Family Charitable Foundation Inc appears in IRS records (EIN: 222655664). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Thomas J & Bette Wolff Family Charitable Foundation Inc file IRS Form 990?
Yes, Thomas J & Bette Wolff Family Charitable Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Thomas J & Bette Wolff Family Charitable Foundation Inc's revenue in 2023?
In the 202312 filing period, Thomas J & Bette Wolff Family Charitable Foundation Inc reported total revenue of $33,910, total expenses of $19,115, and net assets of $658,600.
Is Thomas J & Bette Wolff Family Charitable Foundation Inc's revenue growing or declining?
Thomas J & Bette Wolff Family Charitable Foundation Inc's revenue is declining. Revenue went from $113,971 (202212) to $33,910 (202312), a -70.2% change. Based on 10 filings on record.
What is Thomas J & Bette Wolff Family Charitable Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Thomas J & Bette Wolff Family Charitable Foundation Inc covers tax period 202312. It shows revenue of $33,910, expenses of $19,115, total assets of $658,600, and liabilities of $1.
How much does Thomas J & Bette Wolff Family Charitable Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Thomas J & Bette Wolff Family Charitable Foundation Inc allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Thomas J & Bette Wolff Family Charitable Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Thomas J & Bette Wolff Family Charitable Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Thomas J & Bette Wolff Family Charitable Foundation Inc?
The following concerns were identified: Limited public information on specific programs or impact beyond financial filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Thomas J & Bette Wolff Family Charitable Foundation Inc's strengths?
Positive indicators for Thomas J & Bette Wolff Family Charitable Foundation Inc include: Consistent asset growth over the past decade, from $388,538 in 2013 to $673,770 in 2023.. Very low administrative and fundraising expenses relative to assets and revenue.. Maintains a healthy asset base significantly larger than annual revenue, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Thomas J & Bette Wolff Family Charitable Foundation Inc compensate executives?
Executive compensation is not reported, consistent with a small family foundation likely run by volunteers or with minimal paid staff, as total expenses are low (e.g., $19,115 in 2023). Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the foundation's consistent asset growth and low expense ratio, what is the long-term strategy for increasing its philanthropic impact?
The filings suggest a conservative growth strategy, but without program details, it's unclear if there's a plan to scale grantmaking or focus areas. The foundation could potentially increase its grant distributions given its substantial assets relative to current giving.
Filing History
IRS 990 filing history for Thomas J & Bette Wolff Family Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Thomas J & Bette Wolff Family Charitable Foundation Inc's revenue has declined by 11.6%, moving from $38K to $34K. Total assets increased by 72.6% over the same period, from $382K to $659K. Total functional expenses fell by 46.7%, from $36K to $19K. In its most recent filing year (2023), Thomas J & Bette Wolff Family Charitable Foundation Inc reported a surplus of $15K, with revenue exceeding expenses. The organization holds $1 in liabilities against $659K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $659K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34K | $19K | $659K | $1 | — | View 990 |
| 2022 | $114K | $47K | $644K | $1 | — | View 990 |
| 2021 | $55K | $17K | $577K | $1 | — | View 990 |
| 2020 | $43K | $16K | $539K | $1 | — | — |
| 2019 | $53K | $18K | $512K | $1 | — | View 990 |
| 2015 | $23K | $23K | $395K | $1 | — | View 990 |
| 2014 | $30K | $23K | $395K | $0 | — | View 990 |
| 2013 | $19K | $15K | $389K | $0 | — | View 990 |
| 2012 | $29K | $26K | $385K | $0 | — | View 990 |
| 2011 | $38K | $36K | $382K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34K, expenses of $19K, and assets of $659K (revenue -70.2% year-over-year).
- 2022: Revenue of $114K, expenses of $47K, and assets of $644K (revenue +107.2% year-over-year).
- 2021: Revenue of $55K, expenses of $17K, and assets of $577K (revenue +28.7% year-over-year).
- 2020: Revenue of $43K, expenses of $16K, and assets of $539K (revenue -19.3% year-over-year).
- 2019: Revenue of $53K, expenses of $18K, and assets of $512K (revenue +125.9% year-over-year).
- 2015: Revenue of $23K, expenses of $23K, and assets of $395K (revenue -22.0% year-over-year).
- 2014: Revenue of $30K, expenses of $23K, and assets of $395K (revenue +55.0% year-over-year).
- 2013: Revenue of $19K, expenses of $15K, and assets of $389K (revenue -33.2% year-over-year).
- 2012: Revenue of $29K, expenses of $26K, and assets of $385K (revenue -24.3% year-over-year).
- 2011: Revenue of $38K, expenses of $36K, and assets of $382K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas J & Bette Wolff Family Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Thomas J & Bette Wolff Family Charitable 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.