Warbird Heritage Foundation

Warbird Heritage Foundation consistently operates with modest surpluses or deficits, reporting 0% officer compensation.

EIN: 200467807 · Waukegan, IL · NTEE: A56 · Updated: 2026-03-28

$1.5MRevenue

$1.2MAssets

85/100Mission Score (Excellent)

A56

About Warbird Heritage Foundation

Warbird Heritage Foundation (EIN: 200467807) is a nonprofit organization based in Waukegan, IL, classified under NTEE code A56. The organization reported total revenue of $1.5M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Warbird Heritage Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Warbird Heritage Foundation demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. For instance, in 2023, revenue was $588,853 against expenses of $520,710, indicating a surplus. However, there have been periods of deficit, such as in 2022 where expenses ($563,889) exceeded revenue ($486,834). The organization's assets have shown growth, from $181,067 in 2011 to $202,530 in 2023, though they remain relatively modest compared to the latest reported revenue of $1,458,406 (which appears to be a cumulative or different reporting period than the annual filings provided). Liabilities have remained manageable, typically a small fraction of assets.

The organization's spending efficiency appears to be reasonable, given the consistent operational expenses relative to revenue. A significant positive indicator is the reported 0% officer compensation across all provided filings, suggesting that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to lower administrative overhead. This lack of reported officer compensation enhances the perception of financial prudence and a focus on mission-related spending. The NTEE code A56 (Historical Activities) suggests a program-heavy mission, which aligns well with efficient spending.

Transparency is generally good, with a decade of consistent IRS 990 filings available. The detailed breakdown of expenses (programs, admin, fundraising) is not explicitly provided in the raw data, which limits a deeper analysis of spending efficiency ratios. However, the consistent filing and the 0% officer compensation are strong indicators of a commitment to public accountability. The relatively stable asset base and controlled liabilities also point to responsible financial management.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Warbird Heritage Foundation with a Mission Score of 85 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Warbird Heritage Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer categories, which is a positive sign for resource allocation towards the mission given the organization's size and revenue.

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 Warbird Heritage Foundation:

Consistent IRS 990 filing history (10 filings)
0% officer compensation reported across all filings, indicating efficient use of funds for leadership
Manageable liabilities relative to assets and revenue
Stable financial operations with consistent revenue generation
Modest asset growth over the past decade

Frequently Asked Questions about Warbird Heritage Foundation

Is Warbird Heritage Foundation a good charity?

Based on the available data, the Warbird Heritage Foundation appears to be a good charity. It consistently files its IRS 990s, reports 0% officer compensation, and maintains a stable financial position with manageable liabilities. This suggests a strong commitment to its mission and efficient use of resources.

How has the organization's financial health changed over time?

The organization's financial health has been relatively stable over the past decade. While there are fluctuations between small surpluses and deficits annually, its assets have shown modest growth from $181,067 in 2011 to $202,530 in 2023, and liabilities have remained consistently low and manageable.

What is the significance of 0% officer compensation?

The 0% officer compensation reported across all filings is a significant positive indicator. It suggests that the organization's leadership may be volunteer-based or compensated through other means not classified as officer compensation, which can free up more funds for program activities and reduce administrative overhead.

Filing History

IRS 990 filing history for Warbird Heritage Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Warbird Heritage Foundation's revenue has declined by 23.8%, moving from $773K to $589K. Total assets increased by 11.9% over the same period, from $181K to $203K. Total functional expenses fell by 38.7%, from $849K to $521K. In its most recent filing year (2023), Warbird Heritage Foundation reported a surplus of $68K, with revenue exceeding expenses. The organization holds $26K in liabilities against $203K in assets (debt-to-asset ratio: 12.9%), resulting in net assets of $176K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$589K	$521K	$203K	$26K	—	—
2022	$487K	$564K	$191K	$83K	—	View 990
2021	$477K	$449K	$208K	$23K	—	View 990
2020	$517K	$459K	$181K	$23K	—	View 990
2019	$394K	$404K	$119K	$19K	—	View 990
2015	$935K	$910K	$170K	$105K	—	View 990
2014	$628K	$661K	$58K	$17K	—	View 990
2013	$631K	$649K	$88K	$14K	—	View 990
2012	$829K	$905K	$107K	$15K	—	View 990
2011	$773K	$849K	$181K	$13K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $589K, expenses of $521K, and assets of $203K (revenue +21.0% year-over-year).
2022: Revenue of $487K, expenses of $564K, and assets of $191K (revenue +2.0% year-over-year).
2021: Revenue of $477K, expenses of $449K, and assets of $208K (revenue -7.7% year-over-year).
2020: Revenue of $517K, expenses of $459K, and assets of $181K (revenue +31.3% year-over-year).
2019: Revenue of $394K, expenses of $404K, and assets of $119K (revenue -57.9% year-over-year).
2015: Revenue of $935K, expenses of $910K, and assets of $170K (revenue +48.8% year-over-year).
2014: Revenue of $628K, expenses of $661K, and assets of $58K (revenue -0.4% year-over-year).
2013: Revenue of $631K, expenses of $649K, and assets of $88K (revenue -23.9% year-over-year).
2012: Revenue of $829K, expenses of $905K, and assets of $107K (revenue +7.2% year-over-year).
2011: Revenue of $773K, expenses of $849K, and assets of $181K.

Data Sources and Methodology

This transparency report for Warbird Heritage 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.