Warren Prescott Foundation Inc

Warren Prescott Foundation shows consistent asset growth but experienced a significant deficit in 2023.

EIN: 201745447 · Charlestown, MA · NTEE: B11 · Updated: 2026-03-28

$383KRevenue

$763KAssets

85/100Mission Score (Excellent)

B11

About Warren Prescott Foundation Inc

Warren Prescott Foundation Inc (EIN: 201745447) is a nonprofit organization based in Charlestown, MA, classified under NTEE code B11. The organization reported total revenue of $383K and total assets of $763K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Warren Prescott Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Warren Prescott Foundation Inc. demonstrates a generally stable financial position with consistent asset growth over the past decade, increasing from $328,141 in 2014 to $698,587 in 2023. Revenue has fluctuated, with a notable dip in 2020 ($154,988) and a significant increase in 2018 ($472,381), indicating reliance on varying funding sources. The organization has maintained zero liabilities for most of its reported history, suggesting strong financial management and low debt risk, with the exception of $8,472 in liabilities in 2018. 

Spending efficiency shows some variability. In 2023, expenses ($431,963) exceeded revenue ($310,934), resulting in a deficit for the year. This contrasts with several prior years, such as 2022, 2021, 2020, 2018, 2017, 2016, 2015, and 2014, where revenue exceeded expenses. The consistent reporting of 0% officer compensation across all filings indicates a commitment to directing funds towards the mission rather than executive salaries, which is a positive sign for donor confidence. 

Overall, the foundation appears to be transparent in its financial reporting, with a clear history of filings. While the 2023 deficit warrants attention, the long-term trend of asset accumulation and minimal liabilities suggests a financially sound organization. The absence of officer compensation is a significant strength, indicating a high degree of program focus.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Warren Prescott Foundation Inc 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Warren Prescott Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds to the organization's mission.

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 Warren Prescott Foundation Inc's IRS 990 filings:

Significant deficit in 2023 (Expenses $431,963 vs. Revenue $310,934)
Fluctuating revenue streams, indicating potential reliance on variable funding

Strengths

The following positive indicators were identified for Warren Prescott Foundation Inc:

Consistent asset growth over the past decade (from $328,141 in 2014 to $698,587 in 2023)
0% officer compensation reported across all filings, indicating strong program focus
Minimal to zero liabilities throughout its history, demonstrating sound financial management
Long history of IRS 990 filings (13 filings), indicating transparency

Frequently Asked Questions about Warren Prescott Foundation Inc

Is Warren Prescott Foundation Inc. financially stable?

Yes, despite a deficit in 2023 where expenses ($431,963) exceeded revenue ($310,934), the organization has shown consistent asset growth from $328,141 in 2014 to $698,587 in 2023 and has maintained zero liabilities for most of its history, indicating long-term stability.

How does the organization manage executive compensation?

The organization reports 0% officer compensation across all 13 filings, meaning no salaries are paid to its officers, which is a strong indicator of efficient use of funds for its mission.

What is the trend in the organization's revenue and expenses?

Revenue and expenses have fluctuated. While there have been years with significant surpluses (e.g., 2022: Revenue $271,840, Expenses $246,427), the organization experienced a substantial deficit in 2023 with expenses ($431,963) significantly exceeding revenue ($310,934).

Has the organization ever had liabilities?

The organization has maintained zero liabilities for most of its reported history, with the only exception being $8,472 in liabilities reported in 2018.

Filing History

IRS 990 filing history for Warren Prescott Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Warren Prescott Foundation Inc's revenue has grown by 62.4%, moving from $191K to $311K. Total assets increased by 348.9% over the same period, from $156K to $699K. Total functional expenses rose by 210.5%, from $139K to $432K. In its most recent filing year (2023), Warren Prescott Foundation Inc reported a deficit of $121K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$311K	$432K	$699K	$0	—	—
2022	$272K	$246K	$784K	$0	—	View 990
2021	$198K	$130K	$817K	$0	—	View 990
2020	$155K	$86K	$767K	$0	—	—
2019	$376K	$392K	$689K	$0	—	View 990
2018	$472K	$326K	$682K	$8K	—	View 990
2017	$270K	$185K	$549K	$0	—	View 990
2016	$180K	$86K	$463K	$0	—	View 990
2015	$155K	$114K	$370K	$0	—	View 990
2014	$158K	$130K	$328K	$0	—	View 990
2013	$176K	$62K	$300K	$0	—	View 990
2012	$182K	$152K	$186K	$0	—	View 990
2011	$191K	$139K	$156K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $311K, expenses of $432K, and assets of $699K (revenue +14.4% year-over-year).
2022: Revenue of $272K, expenses of $246K, and assets of $784K (revenue +37.4% year-over-year).
2021: Revenue of $198K, expenses of $130K, and assets of $817K (revenue +27.6% year-over-year).
2020: Revenue of $155K, expenses of $86K, and assets of $767K (revenue -58.7% year-over-year).
2019: Revenue of $376K, expenses of $392K, and assets of $689K (revenue -20.5% year-over-year).
2018: Revenue of $472K, expenses of $326K, and assets of $682K (revenue +74.7% year-over-year).
2017: Revenue of $270K, expenses of $185K, and assets of $549K (revenue +50.4% year-over-year).
2016: Revenue of $180K, expenses of $86K, and assets of $463K (revenue +15.8% year-over-year).
2015: Revenue of $155K, expenses of $114K, and assets of $370K (revenue -1.8% year-over-year).
2014: Revenue of $158K, expenses of $130K, and assets of $328K (revenue -10.2% year-over-year).
2013: Revenue of $176K, expenses of $62K, and assets of $300K (revenue -3.0% year-over-year).
2012: Revenue of $182K, expenses of $152K, and assets of $186K (revenue -5.2% year-over-year).
2011: Revenue of $191K, expenses of $139K, and assets of $156K.

Data Sources and Methodology

This transparency report for Warren Prescott 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.