Wallerstein Foundation For Geriatri C Life Improvement Inc
Wallerstein Foundation: Declining Revenue, Stable Assets, and High Administrative Costs Raise Questions
EIN: 223052726 · Florham Park, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $690K |
| Program Spending | 30% |
| Net Assets | $9.1M |
| Transparency Score | 65/100 |
Is Wallerstein Foundation For Geriatri C Life Improvement Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wallerstein Foundation For Geriatri C Life Improvement Inc directs 30% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Wallerstein Foundation For Geriatri C Life Improvement Inc
Wallerstein Foundation For Geriatri C Life Improvement Inc (EIN: 223052726) is a nonprofit organization based in Florham Park, NJ. The organization reported total revenue of $4.0M and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wallerstein Foundation For Geriatri C Life Improvement Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wallerstein Foundation For Geriatri C Life Improvement Inc is a mid-size nonprofit that has been operating for 33 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -11.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $282K |
| Total Expenses | $690K |
| Surplus / Deficit | $-408,207 |
| Total Assets | $9.1M |
| Total Liabilities | $4K |
| Net Assets | $9.1M |
| Operating Margin | -144.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 158.9 months |
Financial Health Grade: B
In 2024, Wallerstein Foundation For Geriatri C Life Improvement Inc reported a deficit of $408K with expenses exceeding revenue, holds 158.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Wallerstein Foundation For Geriatri C Life Improvement Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +20.5% | +15.3% | -4.4% |
| 2023 | -62.5% | -15.0% | -3.5% |
| 2022 | -7.7% | +6.5% | -0.8% |
| 2021 | +756.3% | -2.5% | +0.2% |
| 2020 | -92.2% | +16.0% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Wallerstein Foundation For Geriatri C Life Improvement Inc with a Mission Score of 65 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: 60%
- programs: 30%
- fundraising: 10%
According to IRS 990 filings, Wallerstein Foundation For Geriatri C Life Improvement Inc allocates its expenses as follows: admin: 60%, programs: 30%, fundraising: 10%. Only 30% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $408K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not detailed in the provided data, preventing a specific assessment of its reasonableness relative to the foundation's revenue and assets.
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 Wallerstein Foundation For Geriatri C Life Improvement Inc's IRS 990 filings:
- Revenue has shown a significant decline from $1,019,489 in 2016 to $398,871 in 2024, raising concerns about long-term financial sustainability.
- Administrative expenses consistently represent a large portion of total expenses (e.g., $690,447 in 2024 out of total expenses of $690,447, implying high overhead relative to program delivery).
- The lack of specific program spending details makes it challenging to verify the direct impact of the foundation's mission.
Strengths
The following positive indicators were identified for Wallerstein Foundation For Geriatri C Life Improvement Inc:
- The foundation maintains a substantial asset base, with assets consistently above $9 million, providing a buffer against revenue fluctuations.
- Consistent reporting of 0% lobbying expenses indicates a focus on direct charitable activities rather than political influence.
- The foundation has a long operational history, with data available back to 2014, suggesting established operations.
Frequently Asked Questions about Wallerstein Foundation For Geriatri C Life Improvement Inc
Is Wallerstein Foundation For Geriatri C Life Improvement Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wallerstein Foundation For Geriatri C Life Improvement Inc (EIN: 223052726) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Wallerstein Foundation For Geriatri C Life Improvement Inc spend its money?
Wallerstein Foundation For Geriatri C Life Improvement Inc directs 30% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wallerstein Foundation For Geriatri C Life Improvement Inc tax-deductible?
Wallerstein Foundation For Geriatri C Life Improvement Inc is registered as a tax-exempt nonprofit (EIN: 223052726). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wallerstein Foundation For Geriatri C Life Improvement Inc's spending goes to programs?
Wallerstein Foundation For Geriatri C Life Improvement Inc directs 30% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Wallerstein Foundation For Geriatri C Life Improvement Inc located?
Wallerstein Foundation For Geriatri C Life Improvement Inc is headquartered in Florham Park, New Jersey and files with the IRS under EIN 223052726.
How many years of IRS 990 filings does Wallerstein Foundation For Geriatri C Life Improvement Inc have?
Wallerstein Foundation For Geriatri C Life Improvement Inc has 11 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 $4.0M in total revenue.
What does Wallerstein Foundation For Geriatri C Life Improvement Inc do?
Wallerstein Foundation For Geriatri C Life Improvement Inc is a nonprofit organization in the Unknown sector, located in Florham Park, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Wallerstein Foundation For Geriatri C Life Improvement Inc have?
Wallerstein Foundation For Geriatri C Life Improvement Inc reported total revenue of $3,988,712. Based on 11 IRS 990 filings on record.
What are Wallerstein Foundation For Geriatri C Life Improvement Inc's total assets?
Wallerstein Foundation For Geriatri C Life Improvement Inc holds total assets of $9,114,129 as reported in IRS 990 filings.
Where is Wallerstein Foundation For Geriatri C Life Improvement Inc located?
Wallerstein Foundation For Geriatri C Life Improvement Inc is based in Florham Park, New Jersey.
What is Wallerstein Foundation For Geriatri C Life Improvement Inc's EIN?
Wallerstein Foundation For Geriatri C Life Improvement Inc's Employer Identification Number (EIN) is 223052726. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wallerstein Foundation For Geriatri C Life Improvement Inc?
Wallerstein Foundation For Geriatri C Life Improvement Inc is classified under NTEE code Unknown (Unknown).
Is Wallerstein Foundation For Geriatri C Life Improvement Inc a registered 501(c)(3)?
Wallerstein Foundation For Geriatri C Life Improvement Inc appears in IRS records (EIN: 223052726). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Wallerstein Foundation For Geriatri C Life Improvement Inc file IRS Form 990?
Yes, Wallerstein Foundation For Geriatri C Life Improvement Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Wallerstein Foundation For Geriatri C Life Improvement Inc's revenue in 2024?
In the 202406 filing period, Wallerstein Foundation For Geriatri C Life Improvement Inc reported total revenue of $282,240, total expenses of $690,447, and net assets of $9,142,508.
Is Wallerstein Foundation For Geriatri C Life Improvement Inc's revenue growing or declining?
Wallerstein Foundation For Geriatri C Life Improvement Inc's revenue is growing. Revenue went from $234,291 (202306) to $282,240 (202406), a +20.5% change. Based on 11 filings on record.
What is Wallerstein Foundation For Geriatri C Life Improvement Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Wallerstein Foundation For Geriatri C Life Improvement Inc covers tax period 202406. It shows revenue of $282,240, expenses of $690,447, total assets of $9,142,508, and liabilities of $3,575.
How much does Wallerstein Foundation For Geriatri C Life Improvement Inc spend on programs vs administration?
Based on IRS 990 analysis, Wallerstein Foundation For Geriatri C Life Improvement Inc allocates approximately 30% of expenses to program services, 60% to administrative costs, and 10% to fundraising. Overhead costs appear high relative to program spending.
Is Wallerstein Foundation For Geriatri C Life Improvement Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Wallerstein Foundation For Geriatri C Life Improvement Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Wallerstein Foundation For Geriatri C Life Improvement Inc?
The following concerns were identified: Revenue has shown a significant decline from $1,019,489 in 2016 to $398,871 in 2024, raising concerns about long-term financial sustainability.. Administrative expenses consistently represent a large portion of total expenses (e.g., $690,447 in 2024 out of total expenses of $690,447, implying high overhead relative to program delivery).. The lack of specific program spending details makes it challenging to verify the direct impact of the foundation's mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Wallerstein Foundation For Geriatri C Life Improvement Inc's strengths?
Positive indicators for Wallerstein Foundation For Geriatri C Life Improvement Inc include: The foundation maintains a substantial asset base, with assets consistently above $9 million, providing a buffer against revenue fluctuations.. Consistent reporting of 0% lobbying expenses indicates a focus on direct charitable activities rather than political influence.. The foundation has a long operational history, with data available back to 2014, suggesting established operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Wallerstein Foundation For Geriatri C Life Improvement Inc compensate executives?
Executive compensation is not detailed in the provided data, preventing a specific assessment of its reasonableness relative to the foundation's revenue and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant decline in revenue from $1,019,489 in 2016 to $398,871 in 2024, what strategies are being implemented to reverse this trend and ensure the long-term viability of the foundation's mission?
The provided data does not offer insights into specific strategies for revenue generation or addressing the decline. Further investigation into fundraising efforts and donor engagement would be necessary.
With administrative expenses often exceeding or being a very high percentage of total expenses (e.g., $690,447 in 2024 out of total expenses of $690,447), how does the foundation justify these overhead costs in relation to its programmatic impact?
The data suggests a high proportion of expenses are allocated to administration. Without a detailed breakdown of what constitutes these administrative costs and how they directly support program delivery, it's difficult to assess their efficiency or justification.
Filing History
IRS 990 filing history for Wallerstein Foundation For Geriatri C Life Improvement Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Wallerstein Foundation For Geriatri C Life Improvement Inc's revenue has declined by 78.6%, moving from $1.3M to $282K. Total assets decreased by 4.9% over the same period, from $9.6M to $9.1M. Total functional expenses fell by 26.2%, from $936K to $690K. In its most recent filing year (2024), Wallerstein Foundation For Geriatri C Life Improvement Inc reported a deficit of $408K, with expenses exceeding revenue. The organization holds $4K in liabilities against $9.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $282K | $690K | $9.1M | $4K | — | — |
| 2023 | $234K | $599K | $9.6M | $19K | — | View 990 |
| 2022 | $625K | $704K | $9.9M | $4K | — | View 990 |
| 2021 | $677K | $661K | $10.0M | $6K | — | View 990 |
| 2020 | $79K | $678K | $10.0M | $2K | — | View 990 |
| 2016 | $1.0M | $584K | $9.8M | $52K | — | View 990 |
| 2015 | $754K | $846K | $9.4M | $62K | — | View 990 |
| 2014 | $725K | $1.0M | $9.4M | $4K | — | View 990 |
| 2013 | $1.2M | $952K | $9.7M | $23K | — | View 990 |
| 2012 | $941K | $1.1M | $9.5M | $5K | — | View 990 |
| 2011 | $1.3M | $936K | $9.6M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $282K, expenses of $690K, and assets of $9.1M (revenue +20.5% year-over-year).
- 2023: Revenue of $234K, expenses of $599K, and assets of $9.6M (revenue -62.5% year-over-year).
- 2022: Revenue of $625K, expenses of $704K, and assets of $9.9M (revenue -7.7% year-over-year).
- 2021: Revenue of $677K, expenses of $661K, and assets of $10.0M (revenue +756.3% year-over-year).
- 2020: Revenue of $79K, expenses of $678K, and assets of $10.0M (revenue -92.2% year-over-year).
- 2016: Revenue of $1.0M, expenses of $584K, and assets of $9.8M (revenue +35.2% year-over-year).
- 2015: Revenue of $754K, expenses of $846K, and assets of $9.4M (revenue +4.0% year-over-year).
- 2014: Revenue of $725K, expenses of $1.0M, and assets of $9.4M (revenue -38.8% year-over-year).
- 2013: Revenue of $1.2M, expenses of $952K, and assets of $9.7M (revenue +25.9% year-over-year).
- 2012: Revenue of $941K, expenses of $1.1M, and assets of $9.5M (revenue -28.6% year-over-year).
- 2011: Revenue of $1.3M, expenses of $936K, and assets of $9.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wallerstein Foundation For Geriatri C Life Improvement Inc:
Data Sources and Methodology
This transparency report for Wallerstein Foundation For Geriatri C Life Improvement 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.