Warbird Preservation Foundation
Warbird Preservation Foundation maintains over $1 million in assets with zero officer compensation despite fluctuating annual revenues.
EIN: 201285450 · Bettendorf, IA · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $120K |
| Total Expenses | $48K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Warbird Preservation Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Warbird Preservation Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Warbird Preservation Foundation
Warbird Preservation Foundation (EIN: 201285450) is a nonprofit organization based in Bettendorf, IA, classified under NTEE code A80. The organization reported total revenue of $120K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Warbird Preservation Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Warbird Preservation Foundation is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30K |
| Total Expenses | $48K |
| Surplus / Deficit | $-18,272 |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | -60.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 271.1 months |
Financial Health Grade: B
In 2023, Warbird Preservation Foundation reported a deficit of $18K with expenses exceeding revenue, holds 271.1 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), Warbird Preservation Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.7% | -9.9% | -1.6% |
| 2022 | +150.6% | +40.2% | +4.0% |
| 2021 | -40.1% | -40.1% | +0.0% |
| 2020 | -33.0% | -16.3% | +0.0% |
| 2019 | +87.4% | +61.0% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Warbird Preservation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Warbird Preservation Foundation 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 $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a significant positive for a nonprofit of its size, with assets over $1 million, as it suggests a high dedication of resources to the mission rather than executive salaries.
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 Warbird Preservation Foundation's IRS 990 filings:
- Inconsistent annual revenue generation, fluctuating significantly year-to-year (e.g., $30,000 in 2023 vs. $95,751 in 2022).
- Expenses sometimes exceed revenue (e.g., 2023, 2011), indicating potential reliance on reserves or unsustainable spending in those periods.
Strengths
The following positive indicators were identified for Warbird Preservation Foundation:
- Consistent asset base exceeding $1 million, demonstrating long-term financial stability.
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Extremely low liabilities ($1 reported consistently), signifying minimal debt and strong balance sheet health.
- Long history of IRS 990 filings (10 filings), indicating a commitment to transparency and compliance.
- Gradual growth in assets over time, from $967,948 in 2011 to $1,084,333 in the latest period.
Frequently Asked Questions about Warbird Preservation Foundation
Is Warbird Preservation Foundation a legitimate charity?
Warbird Preservation Foundation (EIN: 201285450) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $120K. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Warbird Preservation Foundation spend its money?
Warbird Preservation Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Warbird Preservation Foundation tax-deductible?
Warbird Preservation Foundation is registered as a tax-exempt nonprofit (EIN: 201285450). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Warbird Preservation Foundation CEO make?
Warbird Preservation Foundation's highest-compensated officer earns $1 annually. The organization reported $120K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Warbird Preservation Foundation's spending goes to programs?
Warbird Preservation Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Warbird Preservation Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Warbird Preservation Foundation is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Warbird Preservation Foundation located?
Warbird Preservation Foundation is headquartered in Bettendorf, Iowa and files with the IRS under EIN 201285450. It is classified under NTEE code A80.
How many years of IRS 990 filings does Warbird Preservation Foundation have?
Warbird Preservation 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 $120K in total revenue.
Is Warbird Preservation Foundation financially stable?
Yes, the foundation demonstrates financial stability with consistent assets exceeding $1 million and minimal liabilities ($1 reported consistently). However, its annual revenue generation is highly volatile, which could pose challenges for consistent operational planning.
How does Warbird Preservation Foundation manage executive compensation?
The Warbird Preservation Foundation reports 0% officer compensation across all available filings, meaning no salaries are paid to its officers. This is a strong indicator of efficient resource allocation and volunteer leadership.
What is the trend in the organization's assets?
The organization's assets have shown a gradual increase over the years, growing from $967,948 in 2011 to $1,084,333 in the latest period, indicating sound asset management and growth.
Does the organization spend more than it earns?
In some periods, yes. For example, in 2023, expenses were $48,272 against revenues of $30,000, and in 2011, expenses were $67,203 against revenues of $64,928. This indicates that the organization occasionally operates at a deficit, drawing from reserves or prior surpluses.
Filing History
IRS 990 filing history for Warbird Preservation Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Warbird Preservation Foundation's revenue has declined by 53.8%, moving from $65K to $30K. Total assets increased by 12.7% over the same period, from $968K to $1.1M. Total functional expenses fell by 28.2%, from $67K to $48K. In its most recent filing year (2023), Warbird Preservation Foundation reported a deficit of $18K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30K | $48K | $1.1M | $1 | — | — |
| 2022 | $96K | $54K | $1.1M | $1 | — | View 990 |
| 2021 | $38K | $38K | $1.1M | $1 | — | — |
| 2020 | $64K | $64K | $1.1M | $1 | — | View 990 |
| 2019 | $95K | $76K | $1.1M | $1 | — | View 990 |
| 2015 | $51K | $47K | $968K | $1 | — | View 990 |
| 2014 | $51K | $51K | $968K | $1 | — | View 990 |
| 2013 | $56K | $56K | $968K | $1 | — | View 990 |
| 2012 | $71K | $71K | $968K | $1 | — | View 990 |
| 2011 | $65K | $67K | $968K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30K, expenses of $48K, and assets of $1.1M (revenue -68.7% year-over-year).
- 2022: Revenue of $96K, expenses of $54K, and assets of $1.1M (revenue +150.6% year-over-year).
- 2021: Revenue of $38K, expenses of $38K, and assets of $1.1M (revenue -40.1% year-over-year).
- 2020: Revenue of $64K, expenses of $64K, and assets of $1.1M (revenue -33.0% year-over-year).
- 2019: Revenue of $95K, expenses of $76K, and assets of $1.1M (revenue +87.4% year-over-year).
- 2015: Revenue of $51K, expenses of $47K, and assets of $968K (revenue +0.4% year-over-year).
- 2014: Revenue of $51K, expenses of $51K, and assets of $968K (revenue -10.0% year-over-year).
- 2013: Revenue of $56K, expenses of $56K, and assets of $968K (revenue -21.2% year-over-year).
- 2012: Revenue of $71K, expenses of $71K, and assets of $968K (revenue +10.0% year-over-year).
- 2011: Revenue of $65K, expenses of $67K, and assets of $968K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Warbird Preservation Foundation:
Data Sources and Methodology
This transparency report for Warbird Preservation 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.