Wartburg Home Foundation Inc
Wartburg Home Foundation Inc. faces persistent operating deficits despite substantial assets.
EIN: 133621266 · Mount Vernon, NY · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.3M |
| Total Expenses | $3.9M |
| Program Spending | 60% |
| Net Assets | $10.3M |
| Transparency Score | 55/100 |
Is Wartburg Home Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wartburg Home Foundation Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Wartburg Home Foundation Inc
Wartburg Home Foundation Inc (EIN: 133621266) is a nonprofit organization based in Mount Vernon, NY, classified under NTEE code L22Z. The organization reported total revenue of $23.3M and total assets of $11.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wartburg Home Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wartburg Home Foundation Inc is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-2,872,477 |
| Total Assets | $21.4M |
| Total Liabilities | $11.1M |
| Net Assets | $10.3M |
| Operating Margin | -276.9% |
| Debt-to-Asset Ratio | 51.7% |
| Months of Reserves | 65.7 months |
Financial Health Grade: C
In 2023, Wartburg Home Foundation Inc reported a deficit of $2.9M with expenses exceeding revenue, holds 65.7 months of operating reserves (strong position), has a debt-to-asset ratio of 51.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wartburg Home Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.9% | +79.4% | +3.7% |
| 2022 | -49.1% | -29.2% | -9.7% |
| 2021 | +218.1% | +17.8% | +4.7% |
| 2020 | -18.2% | +18.7% | -0.6% |
| 2019 | -67.3% | +71.5% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Wartburg Home Foundation Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Wartburg Home Foundation Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a highly efficient use of funds in this area or that executive services are provided by a related entity, which would require further disclosure for complete transparency.
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 Wartburg Home Foundation Inc's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $2.8M deficit in 2023, $1.2M in 2022).
- Declining net assets over time, indicating a draw on reserves to cover operational shortfalls.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering spending efficiency analysis.
Strengths
The following positive indicators were identified for Wartburg Home Foundation Inc:
- Substantial asset base ($21.4M in 2023) provides a buffer despite operating deficits.
- No reported officer compensation, suggesting potential efficiency in leadership costs or alternative compensation structures.
Frequently Asked Questions about Wartburg Home Foundation Inc
Is Wartburg Home Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wartburg Home Foundation Inc (EIN: 133621266) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does Wartburg Home Foundation Inc spend its money?
Wartburg Home Foundation Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wartburg Home Foundation Inc tax-deductible?
Wartburg Home Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133621266). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wartburg Home Foundation Inc's spending goes to programs?
Wartburg Home Foundation Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Wartburg Home Foundation Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Wartburg Home Foundation Inc is near average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wartburg Home Foundation Inc located?
Wartburg Home Foundation Inc is headquartered in Mount Vernon, New York and files with the IRS under EIN 133621266. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Wartburg Home Foundation Inc have?
Wartburg Home Foundation Inc has 13 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 $23.3M in total revenue.
Is Wartburg Home Foundation Inc. financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue for several years (e.g., $3.9M expenses vs. $1.0M revenue in 2023). While it holds significant assets ($21.4M in 2023), this pattern raises concerns about long-term financial sustainability without a clear strategy to address these deficits.
How are the consistent operating deficits being covered?
The filings indicate that the deficits are likely being covered by drawing down on existing assets or through other non-operating income sources not detailed in the provided revenue figures. Net assets have declined from $15.9M in 2016 to $10.3M in 2023, reflecting this trend.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for assessing spending efficiency and understanding how funds are allocated to its mission.
Why is officer compensation consistently reported as 0%?
A consistent 0% officer compensation across all filings could mean that executives are volunteers, compensated by a related entity, or that compensation is reported differently. This warrants further investigation for full transparency.
Filing History
IRS 990 filing history for Wartburg Home Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wartburg Home Foundation Inc's revenue has declined by 50.4%, moving from $2.1M to $1.0M. Total assets decreased by 14.8% over the same period, from $25.1M to $21.4M. Total functional expenses rose by 52.9%, from $2.6M to $3.9M. In its most recent filing year (2023), Wartburg Home Foundation Inc reported a deficit of $2.9M, with expenses exceeding revenue. The organization holds $11.1M in liabilities against $21.4M in assets (debt-to-asset ratio: 51.7%), resulting in net assets of $10.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $3.9M | $21.4M | $11.1M | — | — |
| 2022 | $970K | $2.2M | $20.7M | $9.0M | — | View 990 |
| 2021 | $1.9M | $3.1M | $22.9M | $6.4M | — | View 990 |
| 2020 | $600K | $2.6M | $21.8M | $5.0M | — | View 990 |
| 2019 | $733K | $2.2M | $22.0M | $4.7M | — | View 990 |
| 2018 | $2.2M | $1.3M | $19.8M | $4.0M | — | View 990 |
| 2017 | $1.6M | $2.5M | $22.6M | $4.7M | — | View 990 |
| 2016 | $3.4M | $1.4M | $26.0M | $9.3M | — | View 990 |
| 2015 | $2.2M | $2.0M | $27.4M | $10.8M | — | View 990 |
| 2014 | $1.7M | $7.4M | $26.2M | $7.7M | — | View 990 |
| 2013 | $2.6M | $3.1M | $30.9M | $7.6M | — | View 990 |
| 2012 | $1.4M | $4.9M | $25.8M | $3.1M | — | View 990 |
| 2011 | $2.1M | $2.6M | $25.1M | $124K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $3.9M, and assets of $21.4M (revenue +6.9% year-over-year).
- 2022: Revenue of $970K, expenses of $2.2M, and assets of $20.7M (revenue -49.1% year-over-year).
- 2021: Revenue of $1.9M, expenses of $3.1M, and assets of $22.9M (revenue +218.1% year-over-year).
- 2020: Revenue of $600K, expenses of $2.6M, and assets of $21.8M (revenue -18.2% year-over-year).
- 2019: Revenue of $733K, expenses of $2.2M, and assets of $22.0M (revenue -67.3% year-over-year).
- 2018: Revenue of $2.2M, expenses of $1.3M, and assets of $19.8M (revenue +43.6% year-over-year).
- 2017: Revenue of $1.6M, expenses of $2.5M, and assets of $22.6M (revenue -53.9% year-over-year).
- 2016: Revenue of $3.4M, expenses of $1.4M, and assets of $26.0M (revenue +55.7% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.0M, and assets of $27.4M (revenue +31.7% year-over-year).
- 2014: Revenue of $1.7M, expenses of $7.4M, and assets of $26.2M (revenue -37.5% year-over-year).
- 2013: Revenue of $2.6M, expenses of $3.1M, and assets of $30.9M (revenue +91.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $4.9M, and assets of $25.8M (revenue -34.0% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.6M, and assets of $25.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wartburg Home Foundation Inc:
Data Sources and Methodology
This transparency report for Wartburg Home 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.