Wanda J Herndon Foundation
Wanda J Herndon Foundation frequently operates at a deficit, relying on stable assets to cover expenses.
EIN: 208089043 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37K |
| Total Expenses | $16K |
| Program Spending | 75% |
| Net Assets | $190K |
| Transparency Score | 65/100 |
Is Wanda J Herndon Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wanda J Herndon Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wanda J Herndon Foundation
Wanda J Herndon Foundation (EIN: 208089043) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $37K and total assets of $193K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wanda J Herndon Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wanda J Herndon Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $16K |
| Surplus / Deficit | $-4,829 |
| Total Assets | $190K |
| Total Liabilities | $1 |
| Net Assets | $190K |
| Operating Margin | -43.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 143.5 months |
Financial Health Grade: B
In 2023, Wanda J Herndon Foundation reported a deficit of $5K with expenses exceeding revenue, holds 143.5 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), Wanda J Herndon Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.1% | -5.8% | -2.5% |
| 2022 | -72.8% | +7.9% | -4.1% |
| 2021 | +400.8% | -2.5% | +8.5% |
| 2020 | +90.4% | +1.1% | -4.9% |
| 2019 | -80.7% | +8.6% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Wanda J Herndon Foundation 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: 75%
- fundraising: 10%
According to IRS 990 filings, Wanda J Herndon Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is a positive sign for resource allocation.
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 Wanda J Herndon Foundation's IRS 990 filings:
- Frequent operating deficits (expenses exceeding revenue in 7 out of 10 periods)
- Fluctuating and often low annual revenue (e.g., $8,563 in 2022, $11,054 in 2023) compared to consistent expenses
Strengths
The following positive indicators were identified for Wanda J Herndon Foundation:
- No reported liabilities across all filings, indicating strong financial health in terms of debt management
- Consistent asset base (around $190,000-$200,000) providing a financial cushion
- 0% officer compensation reported, suggesting efficient use of funds for leadership costs
- Consistent IRS 990 filing history, demonstrating transparency
Frequently Asked Questions about Wanda J Herndon Foundation
Is Wanda J Herndon Foundation a legitimate charity?
Wanda J Herndon Foundation (EIN: 208089043) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $37K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Wanda J Herndon Foundation spend its money?
Wanda J Herndon Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Wanda J Herndon Foundation tax-deductible?
Wanda J Herndon Foundation is registered as a tax-exempt nonprofit (EIN: 208089043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wanda J Herndon Foundation's spending goes to programs?
Wanda J Herndon Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wanda J Herndon Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Wanda J Herndon Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wanda J Herndon Foundation located?
Wanda J Herndon Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208089043. It is classified under NTEE code T22.
How many years of IRS 990 filings does Wanda J Herndon Foundation have?
Wanda J Herndon Foundation 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 $37K in total revenue.
Is the Wanda J Herndon Foundation financially sustainable given its recurring deficits?
The foundation has frequently spent more than it earned, with expenses exceeding revenue in 7 out of 10 reported periods. While it has a stable asset base (e.g., $192,982 in latest assets), this trend suggests a reliance on these reserves, which is not sustainable long-term without increased revenue or reduced expenses.
What is the primary source of funding for the organization?
The provided data does not specify the sources of revenue, only the total revenue figures. Given the fluctuating and often low revenue amounts (e.g., $11,054 in 2023, $8,563 in 2022), it's unclear if funding comes from grants, donations, or other sources.
How does the organization manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is likely run by volunteers or that compensation for leadership roles is structured in a way that is not categorized as officer compensation on the 990 forms. This indicates a lean operational model.
Filing History
IRS 990 filing history for Wanda J Herndon Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wanda J Herndon Foundation's revenue has declined by 58%, moving from $26K to $11K. Total assets decreased by 2.1% over the same period, from $194K to $190K. Total functional expenses rose by 197.7%, from $5K to $16K. In its most recent filing year (2023), Wanda J Herndon Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $190K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $190K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $16K | $190K | $1 | — | — |
| 2022 | $9K | $17K | $195K | $1 | — | View 990 |
| 2021 | $32K | $16K | $203K | $1 | — | — |
| 2020 | $6K | $16K | $187K | $1 | — | View 990 |
| 2019 | $3K | $16K | $197K | $1 | — | View 990 |
| 2015 | $17K | $15K | $200K | $1 | — | View 990 |
| 2014 | $21K | $14K | $198K | $1 | — | View 990 |
| 2013 | $10K | $10K | $191K | $1 | — | View 990 |
| 2012 | $7K | $10K | $191K | $1 | — | View 990 |
| 2011 | $26K | $5K | $194K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $16K, and assets of $190K (revenue +29.1% year-over-year).
- 2022: Revenue of $9K, expenses of $17K, and assets of $195K (revenue -72.8% year-over-year).
- 2021: Revenue of $32K, expenses of $16K, and assets of $203K (revenue +400.8% year-over-year).
- 2020: Revenue of $6K, expenses of $16K, and assets of $187K (revenue +90.4% year-over-year).
- 2019: Revenue of $3K, expenses of $16K, and assets of $197K (revenue -80.7% year-over-year).
- 2015: Revenue of $17K, expenses of $15K, and assets of $200K (revenue -18.2% year-over-year).
- 2014: Revenue of $21K, expenses of $14K, and assets of $198K (revenue +106.2% year-over-year).
- 2013: Revenue of $10K, expenses of $10K, and assets of $191K (revenue +39.7% year-over-year).
- 2012: Revenue of $7K, expenses of $10K, and assets of $191K (revenue -72.4% year-over-year).
- 2011: Revenue of $26K, expenses of $5K, and assets of $194K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wanda J Herndon Foundation:
Data Sources and Methodology
This transparency report for Wanda J Herndon 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.