Westreich Foundation
Westreich Foundation maintains substantial assets despite highly volatile revenues and no reported officer compensation.
EIN: 203598096 · Arden, NC · NTEE: T22 · Updated: 2026-03-28
Is Westreich Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westreich Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westreich Foundation
Westreich Foundation (EIN: 203598096) is a nonprofit organization based in Arden, NC, classified under NTEE code T22. The organization reported total revenue of $14.3M and total assets of $11.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westreich Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westreich Foundation is a large nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -106.7% | -7.3% | -10.6% |
| 2022 | -89.2% | +12.1% | -7.8% |
| 2021 | +6406.7% | -37.2% | +15.9% |
| 2020 | -99.6% | +53.5% | -14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Westreich Foundation with a Mission Score of 85 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, Westreich Foundation 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Westreich Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis, is compensated through an external entity, or that compensation is not categorized as 'officer compensation' on the 990. This practice is highly unusual for an organization with significant assets and expenses, and generally suggests a very lean operational structure regarding executive pay.
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 Westreich Foundation's IRS 990 filings:
- Highly volatile annual revenues, including significant negative figures, which could indicate an unstable funding model if not managed by a robust endowment.
- Lack of detailed functional expense breakdown in provided data makes it difficult to precisely assess program efficiency.
- Consistent reporting of $1 in liabilities is an unusual accounting practice that warrants further scrutiny.
Strengths
The following positive indicators were identified for Westreich Foundation:
- Maintains substantial assets ($11,605,443 latest) despite revenue fluctuations, indicating strong financial reserves.
- Reports 0% officer compensation across all filings, suggesting a highly efficient or volunteer-led executive structure.
- Extremely low liabilities ($1 consistently) points to a very strong balance sheet and minimal debt burden.
- Consistent expenses over time, even with revenue volatility, suggests predictable operational costs or grantmaking.
Frequently Asked Questions about Westreich Foundation
Is Westreich Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Westreich Foundation (EIN: 203598096) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Westreich Foundation spend its money?
Westreich Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Westreich Foundation tax-deductible?
Westreich Foundation is registered as a tax-exempt nonprofit (EIN: 203598096). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Westreich Foundation generate its revenue, given the significant negative figures in some years?
The negative revenue figures (e.g., -$21,847 in 2023, -$789,986 in 2015) suggest that the foundation's income is heavily influenced by investment performance, which can fluctuate significantly, or by specific grant structures that might involve returns or adjustments. Further investigation into their investment strategies and revenue sources would be necessary.
What is the nature of the 'expenses' reported, and how much is dedicated to program services?
Without a detailed functional expense breakdown from the 990, it's challenging to determine the exact percentage allocated to program services versus administrative costs. However, given the NTEE code T22 (Private Grantmaking Foundations), it's highly probable that a significant portion of expenses are grants made to other organizations, which would be considered program spending.
Why does the foundation consistently report only $1 in liabilities?
The consistent reporting of $1 in liabilities across all filings is highly unusual and suggests either an accounting anomaly, a very specific type of liability, or that the foundation has virtually no debt or outstanding obligations. This indicates an extremely strong balance sheet from a debt perspective.
Filing History
IRS 990 filing history for Westreich Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Westreich Foundation's revenue has declined by 106.7%, moving from $326K to $-21,847. Total assets decreased by 29.3% over the same period, from $15.2M to $10.8M. Total functional expenses rose by 125.8%, from $553K to $1.2M. The organization holds $1 in liabilities against $10.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-21,847 | $1.2M | $10.8M | $1 | — | — |
| 2022 | $325K | $1.3M | $12.0M | $1 | — | View 990 |
| 2021 | $3.0M | $1.2M | $13.1M | $1 | — | View 990 |
| 2020 | $46K | $1.9M | $11.3M | $1 | — | View 990 |
| 2019 | $11.8M | $1.2M | $13.2M | $1 | — | View 990 |
| 2015 | $-789,986 | $932K | $10.2M | $1 | — | View 990 |
| 2014 | $1.2M | $937K | $12.0M | $1 | — | View 990 |
| 2013 | $-2,008,685 | $970K | $11.7M | $1 | — | View 990 |
| 2012 | $37K | $470K | $14.7M | $1 | — | View 990 |
| 2011 | $326K | $553K | $15.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-21,847, expenses of $1.2M, and assets of $10.8M (revenue -106.7% year-over-year).
- 2022: Revenue of $325K, expenses of $1.3M, and assets of $12.0M (revenue -89.2% year-over-year).
- 2021: Revenue of $3.0M, expenses of $1.2M, and assets of $13.1M (revenue +6406.7% year-over-year).
- 2020: Revenue of $46K, expenses of $1.9M, and assets of $11.3M (revenue -99.6% year-over-year).
- 2019: Revenue of $11.8M, expenses of $1.2M, and assets of $13.2M.
- 2015: Revenue of $-789,986, expenses of $932K, and assets of $10.2M (revenue -165.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $937K, and assets of $12.0M.
- 2013: Revenue of $-2,008,685, expenses of $970K, and assets of $11.7M (revenue -5598.6% year-over-year).
- 2012: Revenue of $37K, expenses of $470K, and assets of $14.7M (revenue -88.8% year-over-year).
- 2011: Revenue of $326K, expenses of $553K, and assets of $15.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westreich Foundation:
Data Sources and Methodology
This transparency report for Westreich 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.