Wasily Family Foundation
Wasily Family Foundation consistently spends more than its annual revenue, drawing down substantial assets.
EIN: 133503227 · Wilmington, DE · Updated: 2026-03-28
Is Wasily Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wasily Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wasily Family Foundation
Wasily Family Foundation (EIN: 133503227) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $12.5M and total assets of $43.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wasily Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wasily Family Foundation is a large nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.6M |
| Total Expenses | $11.9M |
| Surplus / Deficit | $-1,377,253 |
| Total Assets | $50.0M |
| Total Liabilities | $1 |
| Net Assets | $50.0M |
| Operating Margin | -13.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 50.3 months |
Financial Health Grade: B
In 2023, Wasily Family Foundation reported a deficit of $1.4M with expenses exceeding revenue, holds 50.3 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), Wasily Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.4% | +10.1% | -2.7% |
| 2022 | -11.4% | +21.8% | -7.6% |
| 2021 | +72.1% | +3.2% | -2.6% |
| 2020 | +1.8% | +6.6% | -7.0% |
| 2019 | -0.4% | +20.1% | -17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Wasily Family Foundation with a Mission Score of 75 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Wasily Family Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer-led executive team or that compensation is not categorized as officer compensation on the 990, which is unusual for an organization of this asset size.
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 Wasily Family Foundation's IRS 990 filings:
- Consistent deficit spending, with expenses exceeding revenue in most recent years (e.g., $11.9M expenses vs. $10.5M revenue in 2023).
- Significant decline in assets over the past decade, from $76.7M in 2014 to $43.9M currently.
- Unusual 'Liabilities=$1' reported in recent filings (2021-2023) without further context.
Strengths
The following positive indicators were identified for Wasily Family Foundation:
- Substantial asset base of $43,907,980 provides a strong financial foundation.
- Long history of IRS 990 filings (10 filings) indicates good transparency.
- Consistent reporting of 0% officer compensation suggests a potentially lean administrative structure or volunteer leadership.
Frequently Asked Questions about Wasily Family Foundation
Is Wasily Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wasily Family Foundation (EIN: 133503227) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Wasily Family Foundation spend its money?
Wasily Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wasily Family Foundation tax-deductible?
Wasily Family Foundation is registered as a tax-exempt nonprofit (EIN: 133503227). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Wasily Family Foundation financially sustainable given its deficit spending?
The foundation has consistently spent more than its revenue in recent years (e.g., $11.9M expenses vs. $10.5M revenue in 2023), leading to a decrease in assets from $76.7M in 2014 to $43.9M currently. While it has substantial assets, this trend of deficit spending warrants monitoring for long-term sustainability.
What is the nature of the 'Liabilities=$1' reported in recent filings?
The consistent reporting of 'Liabilities=$1' in recent filings (2021-2023) is unusual and could indicate a nominal placeholder or a specific accounting practice that would require reviewing the full 990 forms for clarification.
How does the foundation manage without reported officer compensation?
The 0% officer compensation across all filings suggests that the foundation's executive leadership may be entirely volunteer-based, or that compensation is paid through other means not classified as officer compensation on the 990, which is uncommon for an organization with over $40 million in assets.
Filing History
IRS 990 filing history for Wasily Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wasily Family Foundation's revenue has grown by 802%, moving from $1.2M to $10.6M. Total assets increased by 42.2% over the same period, from $35.2M to $50.0M. Total functional expenses rose by 340%, from $2.7M to $11.9M. In its most recent filing year (2023), Wasily Family Foundation reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $50.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $50.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.6M | $11.9M | $50.0M | $1 | — | View 990 |
| 2022 | $6.6M | $10.8M | $51.4M | $1 | — | View 990 |
| 2021 | $7.4M | $8.9M | $55.6M | $1 | — | View 990 |
| 2020 | $4.3M | $8.6M | $57.1M | $0 | — | View 990 |
| 2019 | $4.2M | $8.1M | $61.4M | $0 | — | View 990 |
| 2015 | $4.3M | $6.7M | $74.3M | $0 | — | View 990 |
| 2014 | $3.0M | $4.4M | $76.7M | $0 | — | View 990 |
| 2013 | $43.7M | $3.3M | $74.9M | $0 | — | View 990 |
| 2012 | $2.0M | $2.7M | $34.5M | $0 | — | View 990 |
| 2011 | $1.2M | $2.7M | $35.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.6M, expenses of $11.9M, and assets of $50.0M (revenue +60.4% year-over-year).
- 2022: Revenue of $6.6M, expenses of $10.8M, and assets of $51.4M (revenue -11.4% year-over-year).
- 2021: Revenue of $7.4M, expenses of $8.9M, and assets of $55.6M (revenue +72.1% year-over-year).
- 2020: Revenue of $4.3M, expenses of $8.6M, and assets of $57.1M (revenue +1.8% year-over-year).
- 2019: Revenue of $4.2M, expenses of $8.1M, and assets of $61.4M (revenue -0.4% year-over-year).
- 2015: Revenue of $4.3M, expenses of $6.7M, and assets of $74.3M (revenue +42.6% year-over-year).
- 2014: Revenue of $3.0M, expenses of $4.4M, and assets of $76.7M (revenue -93.2% year-over-year).
- 2013: Revenue of $43.7M, expenses of $3.3M, and assets of $74.9M (revenue +2064.6% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.7M, and assets of $34.5M (revenue +72.3% year-over-year).
- 2011: Revenue of $1.2M, expenses of $2.7M, and assets of $35.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wasily Family Foundation:
Data Sources and Methodology
This transparency report for Wasily Family 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.