Webster Gladstone Foundation Inc
Webster Gladstone Foundation shows strong asset growth and zero executive compensation amidst volatile revenue.
EIN: 202061958 · Bloomington, IN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $322K |
| Total Expenses | $157K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4.6 |
| Net Assets | $4.0M |
| Transparency Score | 88/100 |
Is Webster Gladstone Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Webster Gladstone Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Webster Gladstone Foundation Inc
Webster Gladstone Foundation Inc (EIN: 202061958) is a nonprofit organization based in Bloomington, IN, classified under NTEE code T20. The organization reported total revenue of $322K and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Webster Gladstone Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Webster Gladstone Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $159K |
| Total Expenses | $157K |
| Surplus / Deficit | +$2K |
| Total Assets | $4.0M |
| Total Liabilities | $1 |
| Net Assets | $4.0M |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 306.2 months |
Financial Health Grade: A
In 2023, Webster Gladstone Foundation Inc reported a surplus of $2K with revenue exceeding expenses, holds 306.2 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), Webster Gladstone Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.9% | +431.7% | +18.7% |
| 2022 | -93.4% | -80.8% | -15.3% |
| 2021 | +1672.9% | +309.8% | +141.6% |
| 2020 | -90.9% | +154.9% | +14.9% |
| 2019 | +96559.3% | +1.0% | +547.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Webster Gladstone Foundation Inc with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Webster Gladstone Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly commendable for an organization of its size with assets exceeding $4.6 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 Webster Gladstone Foundation Inc's IRS 990 filings:
- Highly volatile revenue streams, making future income less predictable.
Strengths
The following positive indicators were identified for Webster Gladstone Foundation Inc:
- Consistent asset growth, from $204,539 in 2011 to $4,612,535 currently.
- Zero executive compensation reported across all filings, maximizing funds for mission.
- Expenses consistently lower than revenue in most periods, indicating efficient financial management.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Webster Gladstone Foundation Inc
Is Webster Gladstone Foundation Inc a legitimate charity?
Webster Gladstone Foundation Inc (EIN: 202061958) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 88/100. It has 10 years of IRS 990 filings on record. Total revenue: $322K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Webster Gladstone Foundation Inc spend its money?
Webster Gladstone Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Webster Gladstone Foundation Inc tax-deductible?
Webster Gladstone Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202061958). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Webster Gladstone Foundation Inc CEO make?
Webster Gladstone Foundation Inc's highest-compensated officer earns $4.6 annually. The organization reported $322K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Webster Gladstone Foundation Inc's spending goes to programs?
Webster Gladstone Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Webster Gladstone Foundation Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Webster Gladstone Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Webster Gladstone Foundation Inc located?
Webster Gladstone Foundation Inc is headquartered in Bloomington, Indiana and files with the IRS under EIN 202061958. It is classified under NTEE code T20.
How many years of IRS 990 filings does Webster Gladstone Foundation Inc have?
Webster Gladstone 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 $322K in total revenue.
Is Webster Gladstone Foundation Inc. financially stable?
Yes, despite revenue volatility, the foundation has consistently grown its assets from $204,539 in 2011 to $4,612,535 currently, indicating strong financial management and accumulation of resources.
How does the foundation manage executive compensation?
The foundation reports 0% officer compensation across all available filings, meaning no salaries are paid to its officers, which is a significant positive for donor confidence.
What explains the large fluctuations in revenue?
The significant revenue spikes (e.g., $1.9M in 2021, $1.1M in 2019) suggest the foundation may receive large, infrequent grants or donations, or engage in specific fundraising campaigns that yield substantial, but not consistently recurring, income.
Is the foundation efficient in its spending?
Based on the provided data, expenses are generally well below revenue, allowing for asset growth. For example, in 2022, expenses were $29,618 against $126,541 in revenue, indicating efficient use of funds relative to income.
Filing History
IRS 990 filing history for Webster Gladstone Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Webster Gladstone Foundation Inc's revenue has grown by 366.9%, moving from $34K to $159K. Total assets increased by 1864.2% over the same period, from $205K to $4.0M. Total functional expenses rose by 1296.7%, from $11K to $157K. In its most recent filing year (2023), Webster Gladstone Foundation Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $159K | $157K | $4.0M | $1 | — | View 990 |
| 2022 | $127K | $30K | $3.4M | $1 | — | View 990 |
| 2021 | $1.9M | $155K | $4.0M | $1 | — | View 990 |
| 2020 | $108K | $38K | $1.7M | $1 | — | — |
| 2019 | $1.2M | $15K | $1.4M | $1 | — | View 990 |
| 2015 | $1K | $15K | $222K | $0 | — | View 990 |
| 2014 | $33K | $14K | $241K | $0 | — | View 990 |
| 2013 | $7K | $13K | $248K | $0 | — | View 990 |
| 2012 | $-2,720 | $12K | $219K | $0 | — | View 990 |
| 2011 | $34K | $11K | $205K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $159K, expenses of $157K, and assets of $4.0M (revenue +25.9% year-over-year).
- 2022: Revenue of $127K, expenses of $30K, and assets of $3.4M (revenue -93.4% year-over-year).
- 2021: Revenue of $1.9M, expenses of $155K, and assets of $4.0M (revenue +1672.9% year-over-year).
- 2020: Revenue of $108K, expenses of $38K, and assets of $1.7M (revenue -90.9% year-over-year).
- 2019: Revenue of $1.2M, expenses of $15K, and assets of $1.4M (revenue +96559.3% year-over-year).
- 2015: Revenue of $1K, expenses of $15K, and assets of $222K (revenue -96.3% year-over-year).
- 2014: Revenue of $33K, expenses of $14K, and assets of $241K (revenue +379.0% year-over-year).
- 2013: Revenue of $7K, expenses of $13K, and assets of $248K.
- 2012: Revenue of $-2,720, expenses of $12K, and assets of $219K (revenue -108.0% year-over-year).
- 2011: Revenue of $34K, expenses of $11K, and assets of $205K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Webster Gladstone Foundation Inc:
Data Sources and Methodology
This transparency report for Webster Gladstone 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.