Welchwood Foundation Inc
Welchwood Foundation maintains stable assets despite fluctuating revenue and frequent deficit spending.
EIN: 203199483 · Seattle, WA · NTEE: T20 · Updated: 2026-03-28
Is Welchwood Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Welchwood Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Welchwood Foundation Inc
Welchwood Foundation Inc (EIN: 203199483) is a nonprofit organization based in Seattle, WA, classified under NTEE code T20. The organization reported total revenue of $693K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welchwood Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Welchwood Foundation Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Welchwood Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings suggests that executive leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, indicating a very low administrative overhead in this area relative to the organization's 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 Welchwood Foundation Inc's IRS 990 filings:
- Frequent deficit spending (expenses exceeding revenue) in multiple years (e.g., 2020, 2019, 2014, 2012).
- Significant year-over-year revenue volatility, making financial planning challenging.
- Lack of detailed program spending breakdown in summary data, making efficiency assessment difficult without full 990 review.
Strengths
The following positive indicators were identified for Welchwood Foundation Inc:
- Strong and stable asset base, consistently over $3 million, providing financial cushion.
- Extremely low liabilities ($1 across all filings), indicating excellent debt management.
- 0% reported officer compensation, suggesting efficient use of funds for leadership or volunteer-driven model.
- Consistent filing history, indicating good compliance and transparency with IRS requirements.
Frequently Asked Questions about Welchwood Foundation Inc
Is Welchwood Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Welchwood Foundation Inc (EIN: 203199483) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Welchwood Foundation Inc spend its money?
Welchwood Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Welchwood Foundation Inc tax-deductible?
Welchwood Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203199483). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Welchwood Foundation Inc. cover its operational deficits when expenses exceed revenue, as seen in 2020 and 2019?
The organization likely covers these deficits by drawing from its substantial asset base, which has consistently remained over $3 million. This strategy is sustainable in the short term but could erode assets if not managed carefully over time.
What is the specific breakdown of program spending given its NTEE code T20 (Grantmaking Foundation)?
As a grantmaking foundation, the majority of its program spending would typically be in the form of grants to other organizations or individuals. Further details would require reviewing the full 990 forms for Schedule I (Grants and Other Assistance).
What caused the significant fluctuations in annual revenue, such as the drop from $595,817 in 2013 to $99,599 in 2020?
Revenue fluctuations could be due to various factors, including inconsistent large donations, changes in investment income, or varying success in fundraising campaigns. Without more detailed financial statements, the exact causes are unclear.
How does the organization ensure long-term financial sustainability given its history of expenses often exceeding revenue?
Long-term sustainability would depend on either increasing consistent revenue streams, reducing expenses, or strategically utilizing its endowment/asset base. The current pattern suggests a reliance on assets to bridge gaps, which is not indefinitely sustainable without a robust funding strategy.
Filing History
IRS 990 filing history for Welchwood Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2020), Welchwood Foundation Inc's revenue has grown by 30.1%, moving from $77K to $100K. Total assets increased by 21.9% over the same period, from $2.6M to $3.2M. Total functional expenses rose by 81.6%, from $136K to $247K. In its most recent filing year (2020), Welchwood Foundation Inc reported a deficit of $147K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2020 | $100K | $247K | $3.2M | $1 | — | — |
| 2019 | $157K | $239K | $3.3M | $1 | — | View 990 |
| 2016 | $206K | $109K | $3.1M | $1 | — | View 990 |
| 2015 | $189K | $188K | $3.0M | $1 | — | View 990 |
| 2014 | $138K | $189K | $3.0M | $1 | — | View 990 |
| 2013 | $596K | $159K | $3.0M | $1 | — | View 990 |
| 2012 | $77K | $136K | $2.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $100K, expenses of $247K, and assets of $3.2M (revenue -36.6% year-over-year).
- 2019: Revenue of $157K, expenses of $239K, and assets of $3.3M (revenue -23.7% year-over-year).
- 2016: Revenue of $206K, expenses of $109K, and assets of $3.1M (revenue +9.0% year-over-year).
- 2015: Revenue of $189K, expenses of $188K, and assets of $3.0M (revenue +36.7% year-over-year).
- 2014: Revenue of $138K, expenses of $189K, and assets of $3.0M (revenue -76.8% year-over-year).
- 2013: Revenue of $596K, expenses of $159K, and assets of $3.0M (revenue +678.5% year-over-year).
- 2012: Revenue of $77K, expenses of $136K, and assets of $2.6M.
Data Sources and Methodology
This transparency report for Welchwood 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.