Waitt Institute
Waitt Institute shows strong revenue growth but frequently operates with expenses exceeding annual income, with no reported officer compensation.
EIN: 203274586 · N Sioux City, SD · NTEE: A05 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.9M |
| Total Expenses | $8.4M |
| Program Spending | 90% |
| Net Assets | $583K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Waitt Institute Form 990, Revenue, CEO Pay, and IRS Filing Signals
Waitt Institute is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Waitt Institute in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $7.9M and expenses of $8.4M.
Revenue and Expenses
Waitt Institute reported $7.9M in revenue and $8.4M in expenses, a deficit of $423K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 1 red flag, and 3 strengths are shown from structured and AI review.
Is Waitt Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $7.5M (90%) |
Across stored filings, Waitt Institute shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade D | 10 stored filing years |
| Peer context | Compare with River Of Life Community Church | South Dakota and Arts & Culture context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Request a concise report for Waitt Institute with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Waitt Institute directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waitt Institute
Waitt Institute (EIN: 203274586) is a nonprofit organization based in N Sioux City, SD, classified under NTEE code A05. The organization reported total revenue of $12.9M and total assets of $787K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waitt Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waitt Institute is a large nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.9M |
| Total Expenses | $8.4M |
| Surplus / Deficit | $-422,985 |
| Total Assets | $1.6M |
| Total Liabilities | $995K |
| Net Assets | $583K |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 63.1% |
| Months of Reserves | 2.3 months |
Financial Health Grade: D
In 2023, Waitt Institute reported a deficit of $423K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 63.1% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Waitt Institute's revenue has grown at a compound annual growth rate (CAGR) of 25.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.1% | +26.6% | -10.4% |
| 2022 | +25.2% | +34.7% | +47.4% |
| 2021 | +171.7% | +47.3% | +118.0% |
| 2020 | +31.7% | +44.4% | -68.6% |
| 2019 | +144.5% | +1.1% | -38.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Waitt Institute 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: 90%
- fundraising: 5%
According to IRS 990 filings, Waitt Institute allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $423K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.1%.
Executive Compensation Analysis
The Waitt Institute 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 strong commitment to minimizing administrative overhead at the executive level.
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 Waitt Institute's IRS 990 filings:
- Frequent annual expenses exceeding revenue, as seen in 2023 ($8,360,204 expenses vs. $7,937,219 revenue), which could indicate reliance on reserves or other funding not reflected in annual revenue.
Strengths
The following positive indicators were identified for Waitt Institute:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and transparency regarding executive pay.
- Significant revenue growth over the past decade, from $504,797 in 2011 to $7,937,219 in 2023, demonstrating expanding capacity and impact.
- Healthy asset-to-liability ratio, with assets consistently exceeding liabilities (e.g., $1,578,619 assets vs. $995,343 liabilities in 2023), indicating financial stability.
Frequently Asked Questions about Waitt Institute
Is Waitt Institute a legitimate charity?
Waitt Institute (EIN: 203274586) is a registered tax-exempt nonprofit based in South Dakota. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $12.9M. 1 red flag identified. 3 strengths noted. Financial health grade: D.
How does Waitt Institute spend its money?
Waitt Institute directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Waitt Institute tax-deductible?
Waitt Institute is registered as a tax-exempt nonprofit (EIN: 203274586). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Waitt Institute's spending goes to programs?
Waitt Institute directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waitt Institute compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Waitt Institute is above average for NTEE category A05 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waitt Institute located?
Waitt Institute is headquartered in N Sioux City, South Dakota and files with the IRS under EIN 203274586. It is classified under NTEE code A05.
How many years of IRS 990 filings does Waitt Institute have?
Waitt Institute 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 $12.9M in total revenue.
Is Waitt Institute a good charity?
Based on the available data, the Waitt Institute appears to be a good charity. It demonstrates strong program focus by reporting 0% officer compensation, indicating that funds are not diverted to executive salaries. Its revenue has grown significantly, suggesting increasing impact, and it maintains a healthy asset-to-liability ratio.
How does Waitt Institute fund its operations when expenses exceed revenue?
The filings show that expenses frequently exceed annual revenue (e.g., $8,360,204 expenses vs. $7,937,219 revenue in 2023). This suggests the organization likely relies on accumulated reserves, endowment drawdowns, or other non-operating income sources not detailed in the summary revenue figures to cover its operational costs.
What is the trend in the Waitt Institute's financial health?
The Waitt Institute has shown significant growth in revenue and expenses over the past decade, indicating an expanding operational scope. While it frequently spends more than it earns in a given year, its assets have generally been sufficient to cover liabilities, suggesting a stable, albeit growth-oriented, financial position.
Filing History
IRS 990 filing history for Waitt Institute showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Waitt Institute's revenue has grown by 1472.4%, moving from $505K to $7.9M. Total assets decreased by 72.8% over the same period, from $5.8M to $1.6M. Total functional expenses rose by 519.8%, from $1.3M to $8.4M. In its most recent filing year (2023), Waitt Institute reported a deficit of $423K, with expenses exceeding revenue. The organization holds $995K in liabilities against $1.6M in assets (debt-to-asset ratio: 63.1%), resulting in net assets of $583K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.9M | $8.4M | $1.6M | $995K | — | — |
| 2022 | $6.8M | $6.6M | $1.8M | $755K | — | View 990 |
| 2021 | $5.5M | $4.9M | $1.2M | $426K | — | View 990 |
| 2020 | $2.0M | $3.3M | $548K | $341K | — | View 990 |
| 2019 | $1.5M | $2.3M | $1.7M | $215K | — | View 990 |
| 2015 | $624K | $2.3M | $2.8M | $313K | — | View 990 |
| 2014 | $19K | $1.5M | $4.3M | $97K | — | View 990 |
| 2013 | $1.9M | $1.6M | $5.8M | $69K | — | View 990 |
| 2012 | $263K | $2.1M | $4.1M | $240K | — | View 990 |
| 2011 | $505K | $1.3M | $5.8M | $58K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.9M, expenses of $8.4M, and assets of $1.6M (revenue +16.1% year-over-year).
- 2022: Revenue of $6.8M, expenses of $6.6M, and assets of $1.8M (revenue +25.2% year-over-year).
- 2021: Revenue of $5.5M, expenses of $4.9M, and assets of $1.2M (revenue +171.7% year-over-year).
- 2020: Revenue of $2.0M, expenses of $3.3M, and assets of $548K (revenue +31.7% year-over-year).
- 2019: Revenue of $1.5M, expenses of $2.3M, and assets of $1.7M (revenue +144.5% year-over-year).
- 2015: Revenue of $624K, expenses of $2.3M, and assets of $2.8M (revenue +3163.3% year-over-year).
- 2014: Revenue of $19K, expenses of $1.5M, and assets of $4.3M (revenue -99.0% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.6M, and assets of $5.8M (revenue +621.0% year-over-year).
- 2012: Revenue of $263K, expenses of $2.1M, and assets of $4.1M (revenue -47.9% year-over-year).
- 2011: Revenue of $505K, expenses of $1.3M, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waitt Institute:
Data Sources and Methodology
This transparency report for Waitt Institute 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.