Wells Family Foundation
Wells Family Foundation experienced a significant spending deficit in 2023, reducing its asset base.
EIN: 208584460 · Lake Oswego, OR · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $138K |
| Program Spending | 80% |
| Net Assets | $159K |
| Transparency Score | 75/100 |
Is Wells Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wells Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wells Family Foundation
Wells Family Foundation (EIN: 208584460) is a nonprofit organization based in Lake Oswego, OR, classified under NTEE code T22. The organization reported total revenue of $102K and total assets of $156K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wells Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wells Family Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $87K |
| Total Expenses | $138K |
| Surplus / Deficit | $-51,756 |
| Total Assets | $159K |
| Total Liabilities | $1 |
| Net Assets | $159K |
| Operating Margin | -59.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 13.8 months |
Financial Health Grade: B
In 2023, Wells Family Foundation reported a deficit of $52K with expenses exceeding revenue, holds 13.8 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), Wells Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.8% | +52.9% | -24.6% |
| 2022 | -35.4% | -16.1% | +3.2% |
| 2021 | +148.3% | +27.5% | +26.3% |
| 2020 | -0.7% | +14.0% | -12.9% |
| 2019 | +1.1% | +25.1% | +13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Wells 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Wells Family Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Wells Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for donor perception and resource allocation.
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 Wells Family Foundation's IRS 990 filings:
- Significant spending deficit in 2023 ($138,342 expenses vs. $86,586 revenue)
- Decline in assets by over $50,000 from 2022 to 2023
Strengths
The following positive indicators were identified for Wells Family Foundation:
- Consistent reporting of 0% officer compensation
- Maintains minimal liabilities ($1) across all reported periods
- Long history of IRS 990 filings (10 filings provided)
Frequently Asked Questions about Wells Family Foundation
Is Wells Family Foundation a legitimate charity?
Wells Family Foundation (EIN: 208584460) is a registered tax-exempt nonprofit based in Oregon. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $102K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Wells Family Foundation spend its money?
Wells Family Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Wells Family Foundation tax-deductible?
Wells Family Foundation is registered as a tax-exempt nonprofit (EIN: 208584460). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wells Family Foundation's spending goes to programs?
Wells Family Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wells Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Wells Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wells Family Foundation located?
Wells Family Foundation is headquartered in Lake Oswego, Oregon and files with the IRS under EIN 208584460. It is classified under NTEE code T22.
How many years of IRS 990 filings does Wells Family Foundation have?
Wells Family Foundation 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 $102K in total revenue.
What caused the significant increase in expenses in 2023 ($138,342) compared to previous years?
The IRS 990 filings show a substantial jump in expenses in 2023, leading to a deficit. Further detail from the full 990 form would be needed to understand the specific categories of this increased spending.
How does the Wells Family Foundation allocate its expenses between program services, administration, and fundraising?
The provided data only gives total expenses. A detailed breakdown from the full IRS 990 would be necessary to determine the exact percentages allocated to programs, administration, and fundraising.
Is the recent decline in assets from $210,600 in 2022 to $158,844 in 2023 a cause for concern?
While a single year's decline isn't necessarily critical, the $51,756 reduction in assets due to expenses exceeding revenue in 2023 warrants monitoring to ensure it's not a recurring trend that could impact long-term sustainability.
Filing History
IRS 990 filing history for Wells Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wells Family Foundation's revenue has grown by 43.6%, moving from $60K to $87K. Total assets increased by 23.3% over the same period, from $129K to $159K. Total functional expenses rose by 151.3%, from $55K to $138K. In its most recent filing year (2023), Wells Family Foundation reported a deficit of $52K, with expenses exceeding revenue. The organization holds $1 in liabilities against $159K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $159K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $87K | $138K | $159K | $1 | — | — |
| 2022 | $97K | $90K | $211K | $1 | — | View 990 |
| 2021 | $150K | $108K | $204K | $1 | — | View 990 |
| 2020 | $61K | $85K | $162K | $1 | — | — |
| 2019 | $61K | $74K | $186K | $1 | — | View 990 |
| 2015 | $60K | $59K | $163K | $1 | — | View 990 |
| 2014 | $60K | $47K | $162K | $1 | — | View 990 |
| 2013 | $60K | $55K | $149K | $1 | — | View 990 |
| 2012 | $60K | $46K | $144K | $1 | — | View 990 |
| 2011 | $60K | $55K | $129K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $87K, expenses of $138K, and assets of $159K (revenue -10.8% year-over-year).
- 2022: Revenue of $97K, expenses of $90K, and assets of $211K (revenue -35.4% year-over-year).
- 2021: Revenue of $150K, expenses of $108K, and assets of $204K (revenue +148.3% year-over-year).
- 2020: Revenue of $61K, expenses of $85K, and assets of $162K (revenue -0.7% year-over-year).
- 2019: Revenue of $61K, expenses of $74K, and assets of $186K (revenue +1.1% year-over-year).
- 2015: Revenue of $60K, expenses of $59K, and assets of $163K (revenue +-0.0% year-over-year).
- 2014: Revenue of $60K, expenses of $47K, and assets of $162K (revenue +0.0% year-over-year).
- 2013: Revenue of $60K, expenses of $55K, and assets of $149K (revenue +-0.0% year-over-year).
- 2012: Revenue of $60K, expenses of $46K, and assets of $144K (revenue +-0.0% year-over-year).
- 2011: Revenue of $60K, expenses of $55K, and assets of $129K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wells Family Foundation:
Data Sources and Methodology
This transparency report for Wells 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.