Walter Christian Developmentfoundation
Walter Christian Developmentfoundation shows volatile revenue and inconsistent operating surpluses, with no reported officer compensation.
EIN: 208481719 · Houston, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.8M |
| Total Expenses | $1.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $24 |
| Net Assets | $24.6M |
| Transparency Score | 65/100 |
Is Walter Christian Developmentfoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Walter Christian Developmentfoundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Walter Christian Developmentfoundation
Walter Christian Developmentfoundation (EIN: 208481719) is a nonprofit organization based in Houston, TX, classified under NTEE code T20. The organization reported total revenue of $8.8M and total assets of $24.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walter Christian Developmentfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walter Christian Developmentfoundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -16.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $820K |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-693,970 |
| Total Assets | $24.6M |
| Total Liabilities | $1 |
| Net Assets | $24.6M |
| Operating Margin | -84.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 194.8 months |
Financial Health Grade: B
In 2023, Walter Christian Developmentfoundation reported a deficit of $694K with expenses exceeding revenue, holds 194.8 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), Walter Christian Developmentfoundation's revenue has declined at a compound annual growth rate (CAGR) of -16.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.8% | +273.1% | -2.7% |
| 2022 | -28.1% | -65.1% | +2.2% |
| 2021 | -65.0% | -40.4% | +0.6% |
| 2020 | -25.0% | -31.5% | +7.8% |
| 2019 | +50.3% | -14.9% | -21.6% |
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 Walter Christian Developmentfoundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Walter Christian Developmentfoundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $694K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be entirely volunteer-based or compensated through non-officer roles, which is unusual for an organization with assets exceeding $24 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 Walter Christian Developmentfoundation's IRS 990 filings:
- Highly volatile revenue streams, making financial planning challenging.
- Frequent operating deficits in recent years (e.g., 2023, 2015, 2014) where expenses exceed revenue.
- Unusual consistent reporting of $1 in liabilities for multiple years.
- Lack of detailed functional expense breakdown in provided data makes it difficult to verify program spending efficiency.
Strengths
The following positive indicators were identified for Walter Christian Developmentfoundation:
- Substantial and stable asset base, consistently above $24 million in recent years, providing a financial cushion.
- No reported officer compensation, potentially indicating a highly dedicated volunteer leadership or efficient use of funds in this area.
- Long operating history with 10 filings, suggesting established presence.
Frequently Asked Questions about Walter Christian Developmentfoundation
Is Walter Christian Developmentfoundation a legitimate charity?
Walter Christian Developmentfoundation (EIN: 208481719) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $8.8M. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Walter Christian Developmentfoundation spend its money?
Walter Christian Developmentfoundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Walter Christian Developmentfoundation tax-deductible?
Walter Christian Developmentfoundation is registered as a tax-exempt nonprofit (EIN: 208481719). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Walter Christian Developmentfoundation CEO make?
Walter Christian Developmentfoundation's highest-compensated officer earns $24 annually. The organization reported $8.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Walter Christian Developmentfoundation's spending goes to programs?
Walter Christian Developmentfoundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Walter Christian Developmentfoundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Walter Christian Developmentfoundation 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 Walter Christian Developmentfoundation located?
Walter Christian Developmentfoundation is headquartered in Houston, Texas and files with the IRS under EIN 208481719. It is classified under NTEE code T20.
How many years of IRS 990 filings does Walter Christian Developmentfoundation have?
Walter Christian Developmentfoundation 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 $8.8M in total revenue.
Why is officer compensation consistently reported as $0?
The IRS 990 filings for Walter Christian Developmentfoundation consistently show $0 for officer compensation. This could indicate a fully volunteer executive leadership, or that compensation is categorized differently within other expense lines, which would require further detail to ascertain.
What caused the significant revenue fluctuations, such as the drop from $3,735,647 in 2020 to $820,373 in 2023?
The organization has experienced substantial swings in revenue, with a notable decrease from nearly $3.7 million in 2020 to under $1 million in 2023. Understanding the sources of revenue (e.g., grants, donations, program service fees) and the reasons for these changes is crucial for assessing financial stability.
What is the nature of the $1 liability consistently reported in recent years?
From 2021 to 2023, the organization reported $1 in liabilities. This is an unusual figure and could represent a placeholder or a specific, minimal obligation that warrants clarification.
How does the organization cover operating deficits, such as the $693,970 deficit in 2023?
In 2023, expenses ($1,514,343) significantly exceeded revenue ($820,373). The organization must be drawing from its substantial assets or prior year surpluses to cover these deficits, which is not a sustainable long-term financial strategy.
Filing History
IRS 990 filing history for Walter Christian Developmentfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Walter Christian Developmentfoundation's revenue has declined by 88.9%, moving from $7.4M to $820K. Total assets increased by 10.3% over the same period, from $22.3M to $24.6M. Total functional expenses fell by 38.6%, from $2.5M to $1.5M. In its most recent filing year (2023), Walter Christian Developmentfoundation reported a deficit of $694K, with expenses exceeding revenue. The organization holds $1 in liabilities against $24.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $820K | $1.5M | $24.6M | $1 | — | View 990 |
| 2022 | $941K | $406K | $25.3M | $1 | — | View 990 |
| 2021 | $1.3M | $1.2M | $24.7M | $1 | — | View 990 |
| 2020 | $3.7M | $1.9M | $24.6M | $1 | — | — |
| 2019 | $5.0M | $2.8M | $22.8M | $0 | — | View 990 |
| 2015 | $3.3M | $3.3M | $29.1M | $0 | — | View 990 |
| 2014 | $1.5M | $3.3M | $29.1M | $0 | — | View 990 |
| 2013 | $6.5M | $4.0M | $30.9M | $0 | — | View 990 |
| 2012 | $8.3M | $2.2M | $28.5M | $0 | — | View 990 |
| 2011 | $7.4M | $2.5M | $22.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $820K, expenses of $1.5M, and assets of $24.6M (revenue -12.8% year-over-year).
- 2022: Revenue of $941K, expenses of $406K, and assets of $25.3M (revenue -28.1% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $24.7M (revenue -65.0% year-over-year).
- 2020: Revenue of $3.7M, expenses of $1.9M, and assets of $24.6M (revenue -25.0% year-over-year).
- 2019: Revenue of $5.0M, expenses of $2.8M, and assets of $22.8M (revenue +50.3% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.3M, and assets of $29.1M (revenue +121.4% year-over-year).
- 2014: Revenue of $1.5M, expenses of $3.3M, and assets of $29.1M (revenue -76.9% year-over-year).
- 2013: Revenue of $6.5M, expenses of $4.0M, and assets of $30.9M (revenue -22.2% year-over-year).
- 2012: Revenue of $8.3M, expenses of $2.2M, and assets of $28.5M (revenue +13.2% year-over-year).
- 2011: Revenue of $7.4M, expenses of $2.5M, and assets of $22.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walter Christian Developmentfoundation:
Data Sources and Methodology
This transparency report for Walter Christian Developmentfoundation 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.