Western Legacy Foundation
Western Legacy Foundation faces severe financial decline with expenses consistently outpacing revenue, leading to a significant depletion of assets.
EIN: 208112230 · Norman, OK · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $133K |
| Program Spending | 70% |
| Net Assets | $53K |
| Transparency Score | 30/100 |
Is Western Legacy Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Western Legacy Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Western Legacy Foundation
Western Legacy Foundation (EIN: 208112230) is a nonprofit organization based in Norman, OK, classified under NTEE code T30. The organization reported total revenue of $3K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Western Legacy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Western Legacy Foundation is a micro nonprofit that has been operating for 17 years, with 5 years of IRS 990 filings on record (2011–2015).
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $133K |
| Surplus / Deficit | $-126,531 |
| Total Assets | $53K |
| Total Liabilities | $1 |
| Net Assets | $53K |
| Operating Margin | -2033.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2015, Western Legacy Foundation reported a deficit of $127K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -31.4% | +263.1% | -70.5% |
| 2014 | +36.6% | +59.4% | -45.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Western Legacy Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Western Legacy Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $127K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all five filings, which is commendable for a small organization and indicates that executive pay is not a drain on its limited resources.
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 Western Legacy Foundation's IRS 990 filings:
- Consistent and significant operating deficits (expenses far exceeding revenue) across all reported periods.
- Rapid and substantial decline in total assets, from $395,033 in 2011 to $8,108 currently.
- Negative revenue reported in two periods (2012 and 2011), indicating potential investment losses or significant returns/adjustments.
- Very low current revenue ($2,670) relative to historical expenses, suggesting extremely limited operational capacity.
Strengths
The following positive indicators were identified for Western Legacy Foundation:
- No reported officer compensation, indicating responsible management of executive pay.
- Low liabilities ($1 or $0 in all periods), suggesting the organization is not accumulating debt.
Frequently Asked Questions about Western Legacy Foundation
Is Western Legacy Foundation a legitimate charity?
Western Legacy Foundation (EIN: 208112230) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 30/100. It has 5 years of IRS 990 filings on record. Total revenue: $3K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Western Legacy Foundation spend its money?
Western Legacy Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Western Legacy Foundation tax-deductible?
Western Legacy Foundation is registered as a tax-exempt nonprofit (EIN: 208112230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Western Legacy Foundation's spending goes to programs?
Western Legacy Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Western Legacy Foundation compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Western Legacy Foundation is below average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Western Legacy Foundation located?
Western Legacy Foundation is headquartered in Norman, Oklahoma and files with the IRS under EIN 208112230. It is classified under NTEE code T30.
How many years of IRS 990 filings does Western Legacy Foundation have?
Western Legacy Foundation has 5 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 $3K in total revenue.
Is Western Legacy Foundation a good charity?
Based on the financial data, Western Legacy Foundation is struggling significantly. Its expenses have consistently far outstripped its revenue, leading to a substantial decline in assets from $395,033 in 2011 to $8,108 currently. This indicates severe financial instability and raises questions about its long-term viability and ability to fulfill its mission effectively.
Why are Western Legacy Foundation's assets declining so rapidly?
The rapid decline in assets, from $395,033 in 2011 to $8,108 currently, is directly correlated with the organization's consistent pattern of expenses exceeding revenue. For instance, in 2015, expenses were $132,753 while revenue was only $6,222, forcing the organization to draw from its asset base to cover operational costs.
What is the organization's primary source of funding?
The provided data does not explicitly detail the sources of revenue, but given the NTEE code T30 (Philanthropy, Voluntarism, and Grantmaking Foundations) and the low revenue figures, it's likely reliant on donations or investment income, neither of which appear sufficient to cover its expenses.
Filing History
IRS 990 filing history for Western Legacy Foundation showing financial trends over 5 years of public records:
Total assets decreased by 86.7% over the same period, from $395K to $53K. Total functional expenses rose by 957.8%, from $13K to $133K. In its most recent filing year (2015), Western Legacy Foundation reported a deficit of $127K, with expenses exceeding revenue. The organization holds $1 in liabilities against $53K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $53K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $6K | $133K | $53K | $1 | — | View 990 |
| 2014 | $9K | $37K | $178K | $1 | — | View 990 |
| 2013 | $7K | $23K | $324K | $0 | — | View 990 |
| 2012 | $-27,392 | $25K | $342K | $0 | — | View 990 |
| 2011 | $-7,316 | $13K | $395K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $6K, expenses of $133K, and assets of $53K (revenue -31.4% year-over-year).
- 2014: Revenue of $9K, expenses of $37K, and assets of $178K (revenue +36.6% year-over-year).
- 2013: Revenue of $7K, expenses of $23K, and assets of $324K.
- 2012: Revenue of $-27,392, expenses of $25K, and assets of $342K.
- 2011: Revenue of $-7,316, expenses of $13K, and assets of $395K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Western Legacy Foundation:
Data Sources and Methodology
This transparency report for Western Legacy 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.