Westley Family Foundation Inc
Westley Family Foundation maintains strong asset growth and zero executive compensation amidst fluctuating revenues.
EIN: 113759358 · Washington, DC · NTEE: T22 · Updated: 2026-03-28
Is Westley Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westley Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westley Family Foundation Inc
Westley Family Foundation Inc (EIN: 113759358) is a nonprofit organization based in Washington, DC, classified under NTEE code T22. The organization reported total revenue of $251K and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westley Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westley Family 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 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $200K |
| Total Expenses | $181K |
| Surplus / Deficit | +$19K |
| Total Assets | $3.9M |
| Total Liabilities | $1 |
| Net Assets | $3.9M |
| Operating Margin | 9.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 262.2 months |
Financial Health Grade: A
In 2023, Westley Family Foundation Inc reported a surplus of $19K with revenue exceeding expenses, holds 262.2 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), Westley Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +259.9% | +0.7% | +19.4% |
| 2022 | -74.1% | +8.1% | -23.4% |
| 2021 | -77.4% | +12.7% | +19.6% |
| 2020 | +1351.0% | +3.0% | +12.3% |
| 2019 | -51.8% | +16.0% | +29.6% |
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 Westley Family Foundation Inc with a Mission Score of 95 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, Westley Family 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 $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or directors receive salaries from the foundation, which is highly commendable for an organization of its size with assets over $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 Westley Family Foundation Inc's IRS 990 filings:
- Highly volatile revenue streams, making future income less predictable.
Strengths
The following positive indicators were identified for Westley Family Foundation Inc:
- Consistent asset growth over time, indicating strong financial health.
- Zero officer compensation, maximizing funds for mission-related activities.
- Very low liabilities, demonstrating sound financial management.
- Strong program spending ratio due to minimal administrative and no fundraising costs.
- Substantial asset base provides financial stability and resilience.
Frequently Asked Questions about Westley Family Foundation Inc
Is Westley Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Westley Family Foundation Inc (EIN: 113759358) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Westley Family Foundation Inc spend its money?
Westley Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Westley Family Foundation Inc tax-deductible?
Westley Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113759358). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary focus of the Westley Family Foundation's programs?
The NTEE code T22 indicates the foundation is involved in 'Philanthropy, Voluntarism, and Grantmaking Foundations', suggesting its primary program focus is likely grantmaking to other organizations or individuals.
How does the foundation manage its expenses during periods of low revenue?
While revenue has varied, expenses have remained relatively stable. For instance, in 2022, revenue was $55,466, but expenses were $179,404, indicating the foundation likely draws from its substantial assets to maintain its operational and grantmaking activities during leaner revenue years.
Does the foundation have a strong reserve fund?
With assets of $4,608,918 and relatively stable expenses (e.g., $180,724 in 2023), the foundation appears to have a very strong reserve fund, capable of covering many years of operational costs even without new revenue.
Filing History
IRS 990 filing history for Westley Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Westley Family Foundation Inc's revenue has grown by 239.5%, moving from $59K to $200K. Total assets increased by 117.2% over the same period, from $1.8M to $3.9M. Total functional expenses rose by 124.7%, from $80K to $181K. In its most recent filing year (2023), Westley Family Foundation Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $200K | $181K | $3.9M | $1 | — | View 990 |
| 2022 | $55K | $179K | $3.3M | $1 | — | View 990 |
| 2021 | $214K | $166K | $4.3M | $1 | — | — |
| 2020 | $947K | $147K | $3.6M | $1 | — | — |
| 2019 | $65K | $143K | $3.2M | $0 | — | View 990 |
| 2015 | $135K | $123K | $2.5M | $0 | — | View 990 |
| 2014 | $173K | $126K | $2.5M | $214 | — | View 990 |
| 2013 | $105K | $92K | $2.4M | $0 | — | View 990 |
| 2012 | $51K | $92K | $2.0M | $0 | — | View 990 |
| 2011 | $59K | $80K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $200K, expenses of $181K, and assets of $3.9M (revenue +259.9% year-over-year).
- 2022: Revenue of $55K, expenses of $179K, and assets of $3.3M (revenue -74.1% year-over-year).
- 2021: Revenue of $214K, expenses of $166K, and assets of $4.3M (revenue -77.4% year-over-year).
- 2020: Revenue of $947K, expenses of $147K, and assets of $3.6M (revenue +1351.0% year-over-year).
- 2019: Revenue of $65K, expenses of $143K, and assets of $3.2M (revenue -51.8% year-over-year).
- 2015: Revenue of $135K, expenses of $123K, and assets of $2.5M (revenue -21.9% year-over-year).
- 2014: Revenue of $173K, expenses of $126K, and assets of $2.5M (revenue +65.4% year-over-year).
- 2013: Revenue of $105K, expenses of $92K, and assets of $2.4M (revenue +105.4% year-over-year).
- 2012: Revenue of $51K, expenses of $92K, and assets of $2.0M (revenue -13.2% year-over-year).
- 2011: Revenue of $59K, expenses of $80K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westley Family Foundation Inc:
Data Sources and Methodology
This transparency report for Westley Family 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.