Wetter Foundation
Wetter Foundation consistently spends more than it earns, drawing on its substantial asset base.
EIN: 201157724 · Klamath Falls, OR · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $428K |
| Total Expenses | $80K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $918,142 |
| Net Assets | $878K |
| Transparency Score | 85/100 |
Is Wetter Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wetter Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wetter Foundation
Wetter Foundation (EIN: 201157724) is a nonprofit organization based in Klamath Falls, OR, classified under NTEE code T22. The organization reported total revenue of $428K and total assets of $918K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wetter Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wetter Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $78K |
| Total Expenses | $80K |
| Surplus / Deficit | $-2,156 |
| Total Assets | $878K |
| Total Liabilities | $1 |
| Net Assets | $878K |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 132.2 months |
Financial Health Grade: B
In 2023, Wetter Foundation reported a deficit of $2K with expenses exceeding revenue, holds 132.2 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), Wetter Foundation's revenue has declined at a compound annual growth rate (CAGR) of -10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +225.6% | -7.7% | +0.1% |
| 2022 | -67.3% | -3.9% | -6.1% |
| 2021 | +77.3% | +2.9% | -1.9% |
| 2020 | -32.0% | +0.5% | -4.6% |
| 2019 | -45.3% | -2.0% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Wetter 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, Wetter 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:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that no officers receive compensation, which is highly unusual for an organization of its asset size ($918,142) and suggests a volunteer-led or very lean operational structure.
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 Wetter Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in most recent years, indicating reliance on asset drawdowns.
- Lack of detailed information on program activities or specific grants made in the provided data, making it difficult to assess direct impact.
Strengths
The following positive indicators were identified for Wetter Foundation:
- Zero reported officer compensation, indicating high efficiency in executive overhead.
- Strong asset base ($918,142) providing financial stability.
- Consistent filing history (10 filings), demonstrating transparency and compliance.
- Very low administrative and fundraising costs, suggesting a high percentage of spending goes directly to programs.
Frequently Asked Questions about Wetter Foundation
Is Wetter Foundation a legitimate charity?
Wetter Foundation (EIN: 201157724) is a registered tax-exempt nonprofit based in Oregon. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $428K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Wetter Foundation spend its money?
Wetter Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Wetter Foundation tax-deductible?
Wetter Foundation is registered as a tax-exempt nonprofit (EIN: 201157724). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wetter Foundation CEO make?
Wetter Foundation's highest-compensated officer earns $918,142 annually. The organization reported $428K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Wetter Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wetter 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 Wetter Foundation located?
Wetter Foundation is headquartered in Klamath Falls, Oregon and files with the IRS under EIN 201157724. It is classified under NTEE code T22.
How many years of IRS 990 filings does Wetter Foundation have?
Wetter 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 $428K in total revenue.
Is Wetter Foundation a good charity?
The Wetter Foundation demonstrates strong financial transparency with 0% officer compensation and a consistent asset base. However, its recurring operational deficits, where expenses frequently exceed revenue, raise questions about long-term sustainability without relying on its endowment. Its program spending appears high due to minimal administrative and fundraising costs.
How does Wetter Foundation sustain its operations given consistent revenue deficits?
The foundation appears to sustain its operations by drawing from its substantial asset base, which has consistently been around $900,000 to $1,000,000 over the years. This suggests it operates as a grant-making foundation utilizing its endowment rather than relying on annual fundraising to cover expenses.
What is the primary source of Wetter Foundation's revenue?
The filings do not detail specific revenue sources beyond 'Revenue'. However, given the NTEE code T22 (Private Grantmaking Foundations) and the pattern of low and fluctuating annual revenue compared to its assets, it is likely that investment income from its endowment or occasional large gifts are its primary revenue sources, rather than broad public fundraising.
Filing History
IRS 990 filing history for Wetter Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wetter Foundation's revenue has declined by 72.8%, moving from $285K to $78K. Total assets decreased by 12.9% over the same period, from $1.0M to $878K. Total functional expenses rose by 2.8%, from $78K to $80K. In its most recent filing year (2023), Wetter Foundation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $878K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $878K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $78K | $80K | $878K | $1 | — | View 990 |
| 2022 | $24K | $86K | $877K | $1 | — | View 990 |
| 2021 | $73K | $90K | $934K | $1 | — | View 990 |
| 2020 | $41K | $87K | $952K | $1 | — | — |
| 2019 | $60K | $87K | $998K | $1 | — | View 990 |
| 2015 | $110K | $88K | $1.0M | $8K | — | View 990 |
| 2014 | $70K | $89K | $1.0M | $29K | — | View 990 |
| 2013 | $43K | $78K | $1.0M | $17K | — | View 990 |
| 2012 | $81K | $55K | $1.0M | $1 | — | View 990 |
| 2011 | $285K | $78K | $1.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $78K, expenses of $80K, and assets of $878K (revenue +225.6% year-over-year).
- 2022: Revenue of $24K, expenses of $86K, and assets of $877K (revenue -67.3% year-over-year).
- 2021: Revenue of $73K, expenses of $90K, and assets of $934K (revenue +77.3% year-over-year).
- 2020: Revenue of $41K, expenses of $87K, and assets of $952K (revenue -32.0% year-over-year).
- 2019: Revenue of $60K, expenses of $87K, and assets of $998K (revenue -45.3% year-over-year).
- 2015: Revenue of $110K, expenses of $88K, and assets of $1.0M (revenue +58.0% year-over-year).
- 2014: Revenue of $70K, expenses of $89K, and assets of $1.0M (revenue +62.4% year-over-year).
- 2013: Revenue of $43K, expenses of $78K, and assets of $1.0M (revenue -47.1% year-over-year).
- 2012: Revenue of $81K, expenses of $55K, and assets of $1.0M (revenue -71.5% year-over-year).
- 2011: Revenue of $285K, expenses of $78K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wetter Foundation:
Data Sources and Methodology
This transparency report for Wetter 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.