Warten Foundation Inc
Warten Foundation experiences extreme revenue volatility and significant asset growth with inconsistent expense deployment.
EIN: 201897544 · Boca Raton, FL · NTEE: T20 · Updated: 2026-03-28
Is Warten Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Warten Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Warten Foundation Inc
Warten Foundation Inc (EIN: 201897544) is a nonprofit organization based in Boca Raton, FL, classified under NTEE code T20. The organization reported total revenue of $27.5M and total assets of $36.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Warten Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Warten Foundation Inc is a large nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $114K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-1,163,277 |
| Total Assets | $18.5M |
| Total Liabilities | $854 |
| Net Assets | $18.5M |
| Operating Margin | -1023.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 173.6 months |
Financial Health Grade: B
In 2023, Warten Foundation Inc reported a deficit of $1.2M with expenses exceeding revenue, holds 173.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Warten Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.4% | +184.4% | -5.9% |
| 2022 | +146655.3% | +1443.5% | +9144.1% |
| 2021 | -6.8% | +5.7% | -6.8% |
| 2020 | +32.5% | +27.2% | -25.5% |
| 2016 | +11.2% | +1550.1% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Warten Foundation Inc with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Warten Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% 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 $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a fully volunteer-led organization or that executive salaries are categorized differently, which enhances transparency regarding direct officer pay but could obscure total leadership costs.
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 Warten Foundation Inc's IRS 990 filings:
- Extreme revenue volatility, with a drop from $19.8M in 2022 to $113K in 2023, indicating unpredictable funding.
- Significant discrepancy between revenue and expenses in certain years (e.g., $19.8M revenue vs. $449K expenses in 2022), raising questions about immediate charitable deployment.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Warten Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating transparency in executive pay.
- Substantial asset growth, reaching $18,474,601 in 2023, which could provide long-term stability.
- History of 9 filings, suggesting consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Warten Foundation Inc
Is Warten Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Warten Foundation Inc (EIN: 201897544) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Warten Foundation Inc spend its money?
Warten Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Warten Foundation Inc tax-deductible?
Warten Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201897544). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Warten Foundation Inc. manage such extreme fluctuations in revenue, such as the drop from $19.8M in 2022 to $113K in 2023?
The provided data shows significant revenue volatility, with a peak of $19,873,605 in 2022 followed by a sharp decline to $113,681 in 2023. This suggests the foundation may rely on large, infrequent grants or donations, or that its revenue streams are highly unpredictable. Further investigation into their funding model would be necessary.
What is the specific breakdown of program, administrative, and fundraising expenses, given the large discrepancies between revenue and total expenses in certain years?
The summary data does not provide a functional expense breakdown. For example, in 2022, revenue was $19,873,605 while total expenses were only $449,008. Without this detail, it's impossible to determine how much of the funds are directly used for programs versus overhead, making a full assessment of spending efficiency challenging.
Why are expenses so low in years with high revenue, such as $449,008 in expenses against $19.8M revenue in 2022?
The low expense-to-revenue ratio in certain years (e.g., 2022) suggests that a significant portion of the revenue might be held as assets or endowments rather than being spent immediately on programs. This could indicate a long-term investment strategy or a build-up of reserves, but it also means less direct charitable spending in that specific period.
Filing History
IRS 990 filing history for Warten Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Warten Foundation Inc's revenue has grown by 4.4%, moving from $109K to $114K. Total assets increased by 6073.8% over the same period, from $299K to $18.5M. Total functional expenses rose by 26035%, from $5K to $1.3M. In its most recent filing year (2023), Warten Foundation Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $854 in liabilities against $18.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $18.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $114K | $1.3M | $18.5M | $854 | — | View 990 |
| 2022 | $19.9M | $449K | $19.6M | $1 | — | View 990 |
| 2021 | $14K | $29K | $212K | $1 | — | View 990 |
| 2020 | $15K | $28K | $228K | $1 | — | View 990 |
| 2016 | $11K | $22K | $306K | $1 | — | View 990 |
| 2015 | $10K | $1K | $317K | $0 | — | View 990 |
| 2014 | $9K | $6K | $308K | $0 | — | View 990 |
| 2013 | $9K | $4K | $305K | $0 | — | View 990 |
| 2012 | $109K | $5K | $299K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $114K, expenses of $1.3M, and assets of $18.5M (revenue -99.4% year-over-year).
- 2022: Revenue of $19.9M, expenses of $449K, and assets of $19.6M (revenue +146655.3% year-over-year).
- 2021: Revenue of $14K, expenses of $29K, and assets of $212K (revenue -6.8% year-over-year).
- 2020: Revenue of $15K, expenses of $28K, and assets of $228K (revenue +32.5% year-over-year).
- 2016: Revenue of $11K, expenses of $22K, and assets of $306K (revenue +11.2% year-over-year).
- 2015: Revenue of $10K, expenses of $1K, and assets of $317K (revenue +5.9% year-over-year).
- 2014: Revenue of $9K, expenses of $6K, and assets of $308K (revenue -1.3% year-over-year).
- 2013: Revenue of $9K, expenses of $4K, and assets of $305K (revenue -91.3% year-over-year).
- 2012: Revenue of $109K, expenses of $5K, and assets of $299K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Warten Foundation Inc:
Data Sources and Methodology
This transparency report for Warten 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.