Walsh Family Foundation Inc
Walsh Family Foundation consistently operates with zero officer compensation and low liabilities, focusing on grant-making.
EIN: 133950961 · Stamford, CT · NTEE: T22Z · Updated: 2026-03-28
Is Walsh Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Walsh Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Walsh Family Foundation Inc
Walsh Family Foundation Inc (EIN: 133950961) is a nonprofit organization based in Stamford, CT, classified under NTEE code T22Z. The organization reported total revenue of $412K and total assets of $199K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walsh Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walsh Family Foundation Inc is a small nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $52K |
| Surplus / Deficit | +$110K |
| Total Assets | $189K |
| Total Liabilities | $1 |
| Net Assets | $189K |
| Operating Margin | 68.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 43.8 months |
Financial Health Grade: A
In 2023, Walsh Family Foundation Inc reported a surplus of $110K with revenue exceeding expenses, holds 43.8 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), Walsh Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.9% | -55.7% | +29.7% |
| 2022 | +37.4% | +26.9% | -0.6% |
| 2021 | +8.8% | +50.2% | -4.2% |
| 2020 | +196.5% | +7.7% | +7.2% |
| 2019 | -61.6% | -16.1% | -26.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Walsh Family Foundation Inc 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, Walsh Family Foundation Inc 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 $110K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation is run by unpaid volunteers, which is highly efficient for an organization of its size with assets of $199,367.
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 Walsh Family Foundation Inc:
- Consistently 0% officer compensation, indicating volunteer leadership and high efficiency.
- Extremely low liabilities (often $1), demonstrating strong financial health and minimal debt.
- Consistent 990 filings, showing good transparency and compliance.
- Growing asset base, from $134,294 in 2011 to $199,367 currently, indicating financial stability.
- Strong program focus due to minimal administrative overhead.
Frequently Asked Questions about Walsh Family Foundation Inc
Is Walsh Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Walsh Family Foundation Inc (EIN: 133950961) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Walsh Family Foundation Inc spend its money?
Walsh Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Walsh Family Foundation Inc tax-deductible?
Walsh Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133950961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Walsh Family Foundation Inc. a good charity?
Based on the provided data, the Walsh Family Foundation Inc. appears to be a very good charity. It consistently reports zero officer compensation, maintains minimal liabilities (often $1), and demonstrates strong financial health with growing assets and efficient spending, indicating that funds are primarily directed towards its mission.
How does the foundation manage its administrative costs?
The foundation manages administrative costs exceptionally well, primarily by operating with 0% officer compensation. This suggests that leadership is volunteer-based, significantly reducing overhead and allowing a greater proportion of funds to be used for programmatic purposes.
What is the trend in the foundation's assets?
The foundation's assets have shown a general upward trend over the years, from $134,294 in 2011 to $199,367 currently, indicating sound financial management and growth in its endowment or capital base.
Does the foundation rely heavily on fundraising?
Given the nature of a family foundation and the absence of reported fundraising expenses, it's highly probable that the foundation does not rely on public fundraising. Its revenue likely comes from endowment returns or contributions from founding family members, making its operations very lean in this regard.
Filing History
IRS 990 filing history for Walsh Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Walsh Family Foundation Inc's revenue has grown by 114%, moving from $76K to $162K. Total assets increased by 40.9% over the same period, from $134K to $189K. Total functional expenses fell by 38.3%, from $84K to $52K. In its most recent filing year (2023), Walsh Family Foundation Inc reported a surplus of $110K, with revenue exceeding expenses. The organization holds $1 in liabilities against $189K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $189K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $52K | $189K | $1 | — | View 990 |
| 2022 | $190K | $117K | $146K | $1 | — | View 990 |
| 2021 | $139K | $92K | $147K | $1 | — | — |
| 2020 | $127K | $61K | $153K | $1 | — | — |
| 2019 | $43K | $57K | $143K | $1 | — | View 990 |
| 2015 | $112K | $68K | $194K | $1 | — | View 990 |
| 2014 | $122K | $93K | $127K | $1 | — | View 990 |
| 2013 | $9K | $64K | $98K | $752 | — | View 990 |
| 2012 | $79K | $63K | $153K | $3K | — | View 990 |
| 2011 | $76K | $84K | $134K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $52K, and assets of $189K (revenue -14.9% year-over-year).
- 2022: Revenue of $190K, expenses of $117K, and assets of $146K (revenue +37.4% year-over-year).
- 2021: Revenue of $139K, expenses of $92K, and assets of $147K (revenue +8.8% year-over-year).
- 2020: Revenue of $127K, expenses of $61K, and assets of $153K (revenue +196.5% year-over-year).
- 2019: Revenue of $43K, expenses of $57K, and assets of $143K (revenue -61.6% year-over-year).
- 2015: Revenue of $112K, expenses of $68K, and assets of $194K (revenue -8.1% year-over-year).
- 2014: Revenue of $122K, expenses of $93K, and assets of $127K (revenue +1229.5% year-over-year).
- 2013: Revenue of $9K, expenses of $64K, and assets of $98K (revenue -88.4% year-over-year).
- 2012: Revenue of $79K, expenses of $63K, and assets of $153K (revenue +4.3% year-over-year).
- 2011: Revenue of $76K, expenses of $84K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walsh Family Foundation Inc:
Data Sources and Methodology
This transparency report for Walsh Family Foundation 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.