W Bradford Ingalls Charitable Foundation
W Bradford Ingalls Charitable Foundation maintains strong assets and reports no officer compensation.
EIN: 203294470 · West Palm Bch, FL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $618K |
| Program Spending | 90% |
| Net Assets | $12.0M |
| Transparency Score | 92/100 |
Is W Bradford Ingalls Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
W Bradford Ingalls Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About W Bradford Ingalls Charitable Foundation
W Bradford Ingalls Charitable Foundation (EIN: 203294470) is a nonprofit organization based in West Palm Bch, FL, classified under NTEE code T22. The organization reported total revenue of $1.8M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of W Bradford Ingalls Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
W Bradford Ingalls Charitable Foundation is a mid-size 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 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $806K |
| Total Expenses | $618K |
| Surplus / Deficit | +$188K |
| Total Assets | $12.0M |
| Total Liabilities | $1 |
| Net Assets | $12.0M |
| Operating Margin | 23.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 232.0 months |
Financial Health Grade: A
In 2023, W Bradford Ingalls Charitable Foundation reported a surplus of $188K with revenue exceeding expenses, holds 232.0 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), W Bradford Ingalls Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +-0.0% | -20.3% | +1.6% |
| 2022 | -44.9% | +30.1% | +0.3% |
| 2021 | +122.5% | -5.3% | +8.0% |
| 2020 | -16.2% | +11.4% | +-0.0% |
| 2019 | +157.9% | -20.4% | +1.7% |
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 W Bradford Ingalls Charitable Foundation with a Mission Score of 92 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, W Bradford Ingalls Charitable 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 surplus of $188K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The W Bradford Ingalls Charitable Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a very lean administrative structure or volunteer leadership.
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 W Bradford Ingalls Charitable Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin) in provided summary data, though 0% officer comp mitigates this concern.
Strengths
The following positive indicators were identified for W Bradford Ingalls Charitable Foundation:
- Consistent asset growth, from $9.89 million in 2011 to $11.95 million in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
- Strong financial stability with minimal liabilities ($1 in most recent filings).
- Consistent IRS 990 filing history, demonstrating transparency.
- Expenses consistently well below revenue in most recent periods (e.g., 2023: Revenue $805,779, Expenses $618,161).
Frequently Asked Questions about W Bradford Ingalls Charitable Foundation
Is W Bradford Ingalls Charitable Foundation a legitimate charity?
W Bradford Ingalls Charitable Foundation (EIN: 203294470) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does W Bradford Ingalls Charitable Foundation spend its money?
W Bradford Ingalls Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to W Bradford Ingalls Charitable Foundation tax-deductible?
W Bradford Ingalls Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 203294470). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does W Bradford Ingalls Charitable Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), W Bradford Ingalls Charitable 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 W Bradford Ingalls Charitable Foundation located?
W Bradford Ingalls Charitable Foundation is headquartered in West Palm Bch, Florida and files with the IRS under EIN 203294470. It is classified under NTEE code T22.
How many years of IRS 990 filings does W Bradford Ingalls Charitable Foundation have?
W Bradford Ingalls Charitable 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 $1.8M in total revenue.
Is the W Bradford Ingalls Charitable Foundation a good charity?
Based on the available financial data, the foundation appears to be a very good charity. It maintains a strong asset base, consistently files its IRS 990s, and notably reports 0% officer compensation, suggesting a high dedication of resources to its charitable mission.
How does the foundation manage its assets?
The foundation has shown consistent growth in its assets, from $9.89 million in 2011 to $11.95 million in 2023, indicating effective long-term asset management and financial stability.
What is the trend in the foundation's revenue?
Revenue has fluctuated significantly over the years, ranging from a low of $240,300 in 2012 to a high of $2,155,818 in 2014, and $805,779 in 2023. This variability is common for foundations relying on investment returns or specific donation cycles.
Filing History
IRS 990 filing history for W Bradford Ingalls Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), W Bradford Ingalls Charitable Foundation's revenue has grown by 83.7%, moving from $439K to $806K. Total assets increased by 20.8% over the same period, from $9.9M to $12.0M. Total functional expenses rose by 4.6%, from $591K to $618K. In its most recent filing year (2023), W Bradford Ingalls Charitable Foundation reported a surplus of $188K, with revenue exceeding expenses. The organization holds $1 in liabilities against $12.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $806K | $618K | $12.0M | $1 | — | View 990 |
| 2022 | $806K | $776K | $11.8M | $1 | — | View 990 |
| 2021 | $1.5M | $596K | $11.7M | $1 | — | View 990 |
| 2020 | $657K | $629K | $10.9M | $1 | — | View 990 |
| 2019 | $784K | $565K | $10.9M | $1 | — | View 990 |
| 2015 | $304K | $710K | $10.7M | $1 | — | View 990 |
| 2014 | $2.2M | $713K | $11.1M | $1 | — | View 990 |
| 2013 | $790K | $643K | $9.6M | $1 | — | View 990 |
| 2012 | $240K | $701K | $9.4M | $0 | — | View 990 |
| 2011 | $439K | $591K | $9.9M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $806K, expenses of $618K, and assets of $12.0M (revenue +-0.0% year-over-year).
- 2022: Revenue of $806K, expenses of $776K, and assets of $11.8M (revenue -44.9% year-over-year).
- 2021: Revenue of $1.5M, expenses of $596K, and assets of $11.7M (revenue +122.5% year-over-year).
- 2020: Revenue of $657K, expenses of $629K, and assets of $10.9M (revenue -16.2% year-over-year).
- 2019: Revenue of $784K, expenses of $565K, and assets of $10.9M (revenue +157.9% year-over-year).
- 2015: Revenue of $304K, expenses of $710K, and assets of $10.7M (revenue -85.9% year-over-year).
- 2014: Revenue of $2.2M, expenses of $713K, and assets of $11.1M (revenue +172.9% year-over-year).
- 2013: Revenue of $790K, expenses of $643K, and assets of $9.6M (revenue +228.7% year-over-year).
- 2012: Revenue of $240K, expenses of $701K, and assets of $9.4M (revenue -45.2% year-over-year).
- 2011: Revenue of $439K, expenses of $591K, and assets of $9.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for W Bradford Ingalls Charitable Foundation:
Data Sources and Methodology
This transparency report for W Bradford Ingalls Charitable 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.