Wabtec Foundation
Wabtec Foundation shows strong asset growth and zero officer compensation, indicating efficient financial management.
EIN: 141994641 · Pittsburgh, PA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $807K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $14 |
| Net Assets | $12.1M |
| Transparency Score | 92/100 |
Is Wabtec Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wabtec Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wabtec Foundation
Wabtec Foundation (EIN: 141994641) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code T20. The organization reported total revenue of $5.8M and total assets of $14.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wabtec Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wabtec Foundation is a mid-size nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $807K |
| Surplus / Deficit | +$1.5M |
| Total Assets | $12.1M |
| Total Liabilities | $1 |
| Net Assets | $12.1M |
| Operating Margin | 65.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 180.0 months |
Financial Health Grade: A
In 2023, Wabtec Foundation reported a surplus of $1.5M with revenue exceeding expenses, holds 180.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Wabtec Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.5% | +21.3% | +14.3% |
| 2022 | +106.5% | +9.0% | +12.6% |
| 2021 | -78.5% | +49.9% | +2.6% |
| 2020 | +1029.6% | +55.3% | +143.2% |
| 2015 | +7.6% | -25.5% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Wabtec 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Wabtec Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not paid from the foundation's funds, which is highly commendable for an organization of its size with assets exceeding $14 million.
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 Wabtec Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes precise program vs. admin allocation difficult without full 990 review.
Strengths
The following positive indicators were identified for Wabtec Foundation:
- Strong asset growth, reaching $14,842,058.
- Consistent revenue growth, with latest at $5,813,306.
- 0% officer compensation reported across all filings, indicating high dedication to mission.
- Very low liabilities ($1 in recent years), showing sound financial management.
- High apparent program spending efficiency due to low overall expenses relative to revenue.
Frequently Asked Questions about Wabtec Foundation
Is Wabtec Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wabtec Foundation (EIN: 141994641) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Wabtec Foundation spend its money?
Wabtec Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wabtec Foundation tax-deductible?
Wabtec Foundation is registered as a tax-exempt nonprofit (EIN: 141994641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wabtec Foundation CEO make?
Wabtec Foundation's highest-compensated officer earns $14 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Wabtec Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Wabtec Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wabtec Foundation located?
Wabtec Foundation is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 141994641. It is classified under NTEE code T20.
How many years of IRS 990 filings does Wabtec Foundation have?
Wabtec Foundation has 9 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 $5.8M in total revenue.
Is Wabtec Foundation a good charity?
Based on its financial data, the Wabtec Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, very low expenses relative to revenue, and a commitment to not compensating its officers, ensuring more funds go directly to its mission.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time, with assets growing from $3,636,457 in 2011 to $14,842,058 currently, and revenue showing substantial increases, particularly in recent years (e.g., $2,332,595 in 2023 compared to $409,183 in 2011).
What is the foundation's spending efficiency?
The foundation exhibits high spending efficiency. For example, in 2023, expenses were only $807,234 against revenue of $2,332,595, suggesting a very high percentage of funds are either retained for future programs or directly disbursed as grants, with minimal overhead.
Filing History
IRS 990 filing history for Wabtec Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Wabtec Foundation's revenue has grown by 470.1%, moving from $409K to $2.3M. Total assets increased by 233.1% over the same period, from $3.6M to $12.1M. Total functional expenses rose by 277.4%, from $214K to $807K. In its most recent filing year (2023), Wabtec Foundation reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $1 in liabilities against $12.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $807K | $12.1M | $1 | — | — |
| 2022 | $1.9M | $665K | $10.6M | $1 | — | View 990 |
| 2021 | $900K | $610K | $9.4M | $1 | — | View 990 |
| 2020 | $4.2M | $407K | $9.2M | $1 | — | View 990 |
| 2015 | $371K | $262K | $3.8M | $0 | — | View 990 |
| 2014 | $345K | $352K | $3.7M | $0 | — | View 990 |
| 2013 | $362K | $300K | $3.7M | $0 | — | View 990 |
| 2012 | $169K | $175K | $3.6M | $0 | — | View 990 |
| 2011 | $409K | $214K | $3.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $807K, and assets of $12.1M (revenue +25.5% year-over-year).
- 2022: Revenue of $1.9M, expenses of $665K, and assets of $10.6M (revenue +106.5% year-over-year).
- 2021: Revenue of $900K, expenses of $610K, and assets of $9.4M (revenue -78.5% year-over-year).
- 2020: Revenue of $4.2M, expenses of $407K, and assets of $9.2M (revenue +1029.6% year-over-year).
- 2015: Revenue of $371K, expenses of $262K, and assets of $3.8M (revenue +7.6% year-over-year).
- 2014: Revenue of $345K, expenses of $352K, and assets of $3.7M (revenue -4.7% year-over-year).
- 2013: Revenue of $362K, expenses of $300K, and assets of $3.7M (revenue +114.6% year-over-year).
- 2012: Revenue of $169K, expenses of $175K, and assets of $3.6M (revenue -58.8% year-over-year).
- 2011: Revenue of $409K, expenses of $214K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wabtec Foundation:
Data Sources and Methodology
This transparency report for Wabtec 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.