Waterfowl Research Foundation Inc
Waterfowl Research Foundation maintains strong assets despite volatile revenue and consistent expense overruns.
EIN: 136122167 · Cranbury, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $493K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $6.2M |
| Transparency Score | 85/100 |
Is Waterfowl Research Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterfowl Research Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterfowl Research Foundation Inc
Waterfowl Research Foundation Inc (EIN: 136122167) is a nonprofit organization based in Cranbury, NJ. The organization reported total revenue of $2.0M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterfowl Research Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterfowl Research Foundation Inc is a mid-size nonprofit that has been operating for 70 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $591K |
| Total Expenses | $493K |
| Surplus / Deficit | +$98K |
| Total Assets | $6.2M |
| Total Liabilities | $1 |
| Net Assets | $6.2M |
| Operating Margin | 16.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 151.3 months |
Financial Health Grade: A
In 2023, Waterfowl Research Foundation Inc reported a surplus of $98K with revenue exceeding expenses, holds 151.3 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), Waterfowl Research Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +479.2% | -1.0% | +1.6% |
| 2022 | -87.0% | -10.4% | -6.1% |
| 2021 | +128.8% | +-0.0% | +3.6% |
| 2020 | -14.5% | +10.7% | -3.3% |
| 2019 | -16.1% | -18.6% | -15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
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 Waterfowl Research 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Waterfowl Research Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $98K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% for officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is highly efficient for a nonprofit of its size with assets exceeding $5 million.
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 Waterfowl Research Foundation Inc's IRS 990 filings:
- Frequent expense overruns relative to annual revenue (e.g., 2022: $497,700 expenses vs. $102,042 revenue).
- Significant year-to-year revenue volatility, making financial planning potentially challenging.
- Gradual decline in total assets over the past decade, from $8.36M in 2011 to $6.21M in 2023.
Strengths
The following positive indicators were identified for Waterfowl Research Foundation Inc:
- Zero reported officer compensation across all filings, indicating highly efficient administrative spending.
- Substantial asset base ($6,214,067 in 2023) provides financial stability.
- Extremely low liabilities ($1 in 2023) demonstrates strong financial management and minimal debt.
- Consistent IRS 990 filing history shows good transparency and compliance.
Frequently Asked Questions about Waterfowl Research Foundation Inc
Is Waterfowl Research Foundation Inc a legitimate charity?
Waterfowl Research Foundation Inc (EIN: 136122167) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.0M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Waterfowl Research Foundation Inc spend its money?
Waterfowl Research Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Waterfowl Research Foundation Inc tax-deductible?
Waterfowl Research Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136122167). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Waterfowl Research Foundation Inc CEO make?
Waterfowl Research Foundation Inc's highest-compensated officer earns $5 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Waterfowl Research Foundation Inc located?
Waterfowl Research Foundation Inc is headquartered in Cranbury, New Jersey and files with the IRS under EIN 136122167.
How many years of IRS 990 filings does Waterfowl Research Foundation Inc have?
Waterfowl Research Foundation Inc 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 $2.0M in total revenue.
Is Waterfowl Research Foundation Inc. a good charity?
Based on the available data, the Waterfowl Research Foundation Inc. appears to be a good charity, particularly due to its strong asset base ($6,214,067 in 2023), negligible liabilities ($1 in 2023), and consistent reporting of 0% officer compensation, suggesting high efficiency in administrative costs.
How does the organization cover its expenses when revenue is low?
The organization likely covers its expenses during periods of low revenue by drawing from its substantial assets, which were $6,214,067 in 2023. For example, in 2022, revenue was $102,042 while expenses were $497,700, indicating a significant reliance on reserves or investment income.
What is the trend in the organization's assets?
The organization's assets have shown a gradual decline over the past decade, from $8,362,256 in 2011 to $6,214,067 in 2023. While still substantial, this trend suggests that expenses frequently exceeding revenue may be leading to a slow depletion of its capital.
Filing History
IRS 990 filing history for Waterfowl Research Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Waterfowl Research Foundation Inc's revenue has grown by 9.4%, moving from $540K to $591K. Total assets decreased by 25.7% over the same period, from $8.4M to $6.2M. Total functional expenses rose by 34.1%, from $367K to $493K. In its most recent filing year (2023), Waterfowl Research Foundation Inc reported a surplus of $98K, with revenue exceeding expenses. The organization holds $1 in liabilities against $6.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $591K | $493K | $6.2M | $1 | — | — |
| 2022 | $102K | $498K | $6.1M | $1 | — | View 990 |
| 2021 | $782K | $555K | $6.5M | $1 | — | — |
| 2020 | $342K | $555K | $6.3M | $1 | — | — |
| 2019 | $400K | $502K | $6.5M | $1 | — | — |
| 2015 | $477K | $616K | $7.6M | $1 | — | View 990 |
| 2014 | $507K | $486K | $7.8M | $1 | — | View 990 |
| 2013 | $235K | $394K | $7.8M | $1 | — | View 990 |
| 2012 | $-61,417 | $368K | $7.9M | $0 | — | View 990 |
| 2011 | $540K | $367K | $8.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $591K, expenses of $493K, and assets of $6.2M (revenue +479.2% year-over-year).
- 2022: Revenue of $102K, expenses of $498K, and assets of $6.1M (revenue -87.0% year-over-year).
- 2021: Revenue of $782K, expenses of $555K, and assets of $6.5M (revenue +128.8% year-over-year).
- 2020: Revenue of $342K, expenses of $555K, and assets of $6.3M (revenue -14.5% year-over-year).
- 2019: Revenue of $400K, expenses of $502K, and assets of $6.5M (revenue -16.1% year-over-year).
- 2015: Revenue of $477K, expenses of $616K, and assets of $7.6M (revenue -5.9% year-over-year).
- 2014: Revenue of $507K, expenses of $486K, and assets of $7.8M (revenue +115.8% year-over-year).
- 2013: Revenue of $235K, expenses of $394K, and assets of $7.8M.
- 2012: Revenue of $-61,417, expenses of $368K, and assets of $7.9M (revenue -111.4% year-over-year).
- 2011: Revenue of $540K, expenses of $367K, and assets of $8.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterfowl Research Foundation Inc:
Data Sources and Methodology
This transparency report for Waterfowl Research 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.