Wethersfield Foundation Inc
Wethersfield Foundation maintains substantial assets with zero reported officer compensation over a decade.
EIN: 136113816 · Amenia, NY · NTEE: C50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.2M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $40 |
| Net Assets | $41.2M |
| Transparency Score | 85/100 |
Is Wethersfield Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wethersfield Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wethersfield Foundation Inc
Wethersfield Foundation Inc (EIN: 136113816) is a nonprofit organization based in Amenia, NY, classified under NTEE code C50. The organization reported total revenue of $10.2M and total assets of $44.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wethersfield Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wethersfield Foundation Inc is a large nonprofit that has been operating for 9 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-111,409 |
| Total Assets | $42.0M |
| Total Liabilities | $757K |
| Net Assets | $41.2M |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 233.5 months |
Financial Health Grade: B
In 2023, Wethersfield Foundation Inc reported a deficit of $111K with expenses exceeding revenue, holds 233.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wethersfield Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.5% | -6.4% | +9.1% |
| 2022 | -32.7% | +22.5% | -13.2% |
| 2021 | +49.6% | +18.3% | +13.0% |
| 2020 | +146.1% | -46.8% | +10.5% |
| 2019 | -57.3% | +10.0% | +14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Wethersfield Foundation Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Wethersfield Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $111K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all ten available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with assets exceeding $40 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 Wethersfield Foundation Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data, limiting precise spending efficiency analysis.
Strengths
The following positive indicators were identified for Wethersfield Foundation Inc:
- Zero reported officer compensation across all filings, indicating high efficiency in this area.
- Consistent and substantial asset base, with current assets at $44,649,436, demonstrating strong financial stability.
- Regular IRS 990 filing history, indicating good transparency practices.
- Low liabilities relative to assets, suggesting sound financial management.
Frequently Asked Questions about Wethersfield Foundation Inc
Is Wethersfield Foundation Inc a legitimate charity?
Wethersfield Foundation Inc (EIN: 136113816) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $10.2M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Wethersfield Foundation Inc spend its money?
Wethersfield Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wethersfield Foundation Inc tax-deductible?
Wethersfield Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136113816). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wethersfield Foundation Inc CEO make?
Wethersfield Foundation Inc's highest-compensated officer earns $40 annually. The organization reported $10.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wethersfield Foundation Inc's spending goes to programs?
Wethersfield Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wethersfield Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wethersfield Foundation Inc is above average for NTEE category C50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wethersfield Foundation Inc located?
Wethersfield Foundation Inc is headquartered in Amenia, New York and files with the IRS under EIN 136113816. It is classified under NTEE code C50.
How many years of IRS 990 filings does Wethersfield Foundation Inc have?
Wethersfield Foundation Inc 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 $10.2M in total revenue.
Is Wethersfield Foundation Inc. financially stable?
Yes, the Wethersfield Foundation Inc. appears financially stable, consistently maintaining assets above $30 million, with current assets at $44,649,436. This strong asset base provides a buffer against revenue fluctuations.
How does Wethersfield Foundation Inc. manage executive compensation?
The organization reports 0% officer compensation across all ten available IRS 990 filings, indicating that no officers received salaries or other compensation from the foundation during these periods.
What is the trend in Wethersfield Foundation Inc.'s revenue?
Revenue has fluctuated significantly, from a low of $22,251 in 2014 to a high of $3,639,809 in 2021, and most recently $2,046,487 in 2023. There isn't a clear upward or downward trend, but rather variability.
Are there any concerns about Wethersfield Foundation Inc.'s liabilities?
Liabilities have generally been low relative to assets, ranging from $192,162 to $2,032,714. In the latest period (2023), liabilities were $756,532, which is a small fraction of its $41,997,505 in assets, indicating a healthy financial position.
Filing History
IRS 990 filing history for Wethersfield Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wethersfield Foundation Inc's revenue has grown by 261.5%, moving from $566K to $2.0M. Total assets increased by 15.4% over the same period, from $36.4M to $42.0M. Total functional expenses fell by 21.8%, from $2.8M to $2.2M. In its most recent filing year (2023), Wethersfield Foundation Inc reported a deficit of $111K, with expenses exceeding revenue. The organization holds $757K in liabilities against $42.0M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $41.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.2M | $42.0M | $757K | — | View 990 |
| 2022 | $2.5M | $2.3M | $38.5M | $1.1M | — | View 990 |
| 2021 | $3.6M | $1.9M | $44.3M | $1.0M | — | View 990 |
| 2020 | $2.4M | $1.6M | $39.2M | $1.3M | — | View 990 |
| 2019 | $988K | $3.0M | $35.5M | $1.5M | — | View 990 |
| 2015 | $2.3M | $2.7M | $31.1M | $1.9M | — | View 990 |
| 2014 | $22K | $2.6M | $32.7M | $1.9M | — | View 990 |
| 2013 | $610K | $2.7M | $33.2M | $192K | — | View 990 |
| 2012 | $1.1M | $2.3M | $34.9M | $2.0M | — | View 990 |
| 2011 | $566K | $2.8M | $36.4M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.2M, and assets of $42.0M (revenue -16.5% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.3M, and assets of $38.5M (revenue -32.7% year-over-year).
- 2021: Revenue of $3.6M, expenses of $1.9M, and assets of $44.3M (revenue +49.6% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.6M, and assets of $39.2M (revenue +146.1% year-over-year).
- 2019: Revenue of $988K, expenses of $3.0M, and assets of $35.5M (revenue -57.3% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.7M, and assets of $31.1M (revenue +10302.5% year-over-year).
- 2014: Revenue of $22K, expenses of $2.6M, and assets of $32.7M (revenue -96.4% year-over-year).
- 2013: Revenue of $610K, expenses of $2.7M, and assets of $33.2M (revenue -46.6% year-over-year).
- 2012: Revenue of $1.1M, expenses of $2.3M, and assets of $34.9M (revenue +101.9% year-over-year).
- 2011: Revenue of $566K, expenses of $2.8M, and assets of $36.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wethersfield Foundation Inc:
Data Sources and Methodology
This transparency report for Wethersfield 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.