W P Carey Foundation
W P Carey Foundation maintains robust assets and minimal liabilities, with no reported officer compensation.
EIN: 133597510 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $78.1M |
| Total Expenses | $27.3M |
| Program Spending | 100% |
| Net Assets | $527.9M |
| Transparency Score | 95/100 |
Is W P Carey Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
W P Carey Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About W P Carey Foundation
W P Carey Foundation (EIN: 133597510) is a nonprofit organization based in New York, NY. The organization reported total revenue of $78.1M and total assets of $513.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of W P Carey Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
W P Carey Foundation is a major nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.3M |
| Total Expenses | $27.3M |
| Surplus / Deficit | $-3,003,205 |
| Total Assets | $527.9M |
| Total Liabilities | $1 |
| Net Assets | $527.9M |
| Operating Margin | -12.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 232.1 months |
Financial Health Grade: B
In 2023, W P Carey Foundation reported a deficit of $3.0M with expenses exceeding revenue, holds 232.1 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 P Carey Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.5% | -7.8% | -2.4% |
| 2022 | -31.5% | -2.7% | -11.0% |
| 2021 | +25.5% | +12.6% | +8.6% |
| 2020 | -52.2% | +13.9% | -4.0% |
| 2019 | +85.4% | +26.9% | +64.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 P Carey Foundation with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, W P Carey Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $3.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The W P Carey Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for donor confidence and mission focus.
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.
Strengths
The following positive indicators were identified for W P Carey Foundation:
- Substantial and stable asset base, exceeding $500 million in recent years ($527,928,410 in 2023).
- Consistently minimal liabilities ($1 in recent years), indicating excellent financial health and low debt.
- 0% reported officer compensation across all filings, demonstrating a strong commitment to mission over executive pay.
- Long-term growth in assets, from $31,687,766 in 2011 to $527,928,410 in 2023, enhancing its capacity for impact.
Frequently Asked Questions about W P Carey Foundation
Is W P Carey Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, W P Carey Foundation (EIN: 133597510) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does W P Carey Foundation spend its money?
W P Carey Foundation directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to W P Carey Foundation tax-deductible?
W P Carey Foundation is registered as a tax-exempt nonprofit (EIN: 133597510). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is W P Carey Foundation located?
W P Carey Foundation is headquartered in New York, New York and files with the IRS under EIN 133597510.
How many years of IRS 990 filings does W P Carey Foundation have?
W P Carey 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 $78.1M in total revenue.
Is the W P Carey Foundation a good charity?
Based on the available financial data, the W P Carey Foundation appears to be a very good charity. It possesses substantial assets ($527,928,410 in 2023), minimal liabilities ($1 in recent years), and reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How does the foundation manage its expenses relative to its revenue?
In recent years (2022 and 2023), the foundation's expenses have exceeded its revenue, for example, $27,296,298 in expenses against $24,293,093 in revenue in 2023. This is typical for foundations that distribute grants from their endowment, drawing down assets to fulfill their philanthropic goals rather than solely relying on annual income.
What is the trend in the foundation's asset growth?
The foundation has shown significant asset growth over the long term, from $31,687,766 in 2011 to $527,928,410 in 2023. While there have been fluctuations, such as a decrease from $607,596,566 in 2021 to $527,928,410 in 2023, the overall trend indicates substantial financial strength and capacity for future giving.
Filing History
IRS 990 filing history for W P Carey Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), W P Carey Foundation's revenue has grown by 27.4%, moving from $19.1M to $24.3M. Total assets increased by 1566% over the same period, from $31.7M to $527.9M. Total functional expenses rose by 149.4%, from $10.9M to $27.3M. In its most recent filing year (2023), W P Carey Foundation reported a deficit of $3.0M, with expenses exceeding revenue. The organization holds $1 in liabilities against $527.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $527.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24.3M | $27.3M | $527.9M | $1 | — | — |
| 2022 | $21.0M | $29.6M | $541.0M | $1 | — | View 990 |
| 2021 | $30.7M | $30.4M | $607.6M | $1 | — | View 990 |
| 2020 | $24.4M | $27.0M | $559.5M | $1 | — | — |
| 2019 | $51.2M | $23.7M | $582.6M | $0 | — | View 990 |
| 2015 | $27.6M | $18.7M | $354.0M | $0 | — | View 990 |
| 2014 | $365.8M | $26.6M | $367.9M | $0 | — | View 990 |
| 2013 | $5.5M | $8.9M | $23.9M | $0 | — | View 990 |
| 2012 | $2.2M | $8.0M | $26.6M | $0 | — | View 990 |
| 2011 | $19.1M | $10.9M | $31.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.3M, expenses of $27.3M, and assets of $527.9M (revenue +15.5% year-over-year).
- 2022: Revenue of $21.0M, expenses of $29.6M, and assets of $541.0M (revenue -31.5% year-over-year).
- 2021: Revenue of $30.7M, expenses of $30.4M, and assets of $607.6M (revenue +25.5% year-over-year).
- 2020: Revenue of $24.4M, expenses of $27.0M, and assets of $559.5M (revenue -52.2% year-over-year).
- 2019: Revenue of $51.2M, expenses of $23.7M, and assets of $582.6M (revenue +85.4% year-over-year).
- 2015: Revenue of $27.6M, expenses of $18.7M, and assets of $354.0M (revenue -92.5% year-over-year).
- 2014: Revenue of $365.8M, expenses of $26.6M, and assets of $367.9M (revenue +6569.3% year-over-year).
- 2013: Revenue of $5.5M, expenses of $8.9M, and assets of $23.9M (revenue +152.3% year-over-year).
- 2012: Revenue of $2.2M, expenses of $8.0M, and assets of $26.6M (revenue -88.6% year-over-year).
- 2011: Revenue of $19.1M, expenses of $10.9M, and assets of $31.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for W P Carey Foundation:
Data Sources and Methodology
This transparency report for W P Carey 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.