Wheeler Family Foundation
Wheeler Family Foundation shows volatile finances with fluctuating revenue and assets, consistently reporting zero officer compensation.
EIN: 204322621 · Henderson, NV · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $80K |
| Program Spending | 80% |
| Net Assets | $8K |
| Transparency Score | 70/100 |
Is Wheeler Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wheeler Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wheeler Family Foundation
Wheeler Family Foundation (EIN: 204322621) is a nonprofit organization based in Henderson, NV, classified under NTEE code T22. The organization reported total revenue of $26K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wheeler Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wheeler Family Foundation is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $80K |
| Surplus / Deficit | +$80 |
| Total Assets | $8K |
| Total Liabilities | $1 |
| Net Assets | $8K |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.3 months |
Financial Health Grade: A
In 2023, Wheeler Family Foundation reported a surplus of $80 with revenue exceeding expenses, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wheeler Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.6% | -35.1% | +1.0% |
| 2022 | +148.7% | +137.0% | +61.4% |
| 2021 | +103.1% | +88.3% | -18.3% |
| 2020 | -83.2% | -91.0% | -28.9% |
| 2019 | +175.1% | +336.1% | -93.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Wheeler Family Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Wheeler Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $80, 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 favorable for a small organization of this size.
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 Wheeler Family Foundation's IRS 990 filings:
- Significant volatility in annual revenue and expenses, making financial planning challenging.
- Substantial decline in assets from $157,433 in 2014 to $8,482 in 2023 without clear explanation.
- Expenses exceeding revenue in multiple years (e.g., 2019, 2020, 2021), indicating potential reliance on reserves or prior year surpluses.
Strengths
The following positive indicators were identified for Wheeler Family Foundation:
- Consistent transparency with regular IRS 990 filings over a decade.
- Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
- Extremely low liabilities (consistently $0 or $1), demonstrating sound debt management.
Frequently Asked Questions about Wheeler Family Foundation
Is Wheeler Family Foundation a legitimate charity?
Wheeler Family Foundation (EIN: 204322621) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $26K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Wheeler Family Foundation spend its money?
Wheeler Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wheeler Family Foundation tax-deductible?
Wheeler Family Foundation is registered as a tax-exempt nonprofit (EIN: 204322621). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wheeler Family Foundation's spending goes to programs?
Wheeler Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wheeler Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Wheeler Family 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 Wheeler Family Foundation located?
Wheeler Family Foundation is headquartered in Henderson, Nevada and files with the IRS under EIN 204322621. It is classified under NTEE code T22.
How many years of IRS 990 filings does Wheeler Family Foundation have?
Wheeler Family 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 $26K in total revenue.
What caused the significant drop in assets from $157,433 in 2014 to $5,207 in 2021?
The provided data does not specify the exact reasons for the asset decline, but it could be due to substantial grantmaking activities exceeding revenue, investment losses, or a shift in asset management strategy.
How does the Wheeler Family Foundation manage to operate with zero officer compensation?
Operating with zero officer compensation suggests that the foundation's leadership is either volunteer-based or compensated through other means not reported as officer compensation on the 990-EZ, which is common for small family foundations.
What is the primary focus of the grants made by the Wheeler Family Foundation?
The NTEE code T22 indicates it is a Private Grantmaking Foundation, but the specific areas or causes it supports are not detailed in the provided financial summary.
Filing History
IRS 990 filing history for Wheeler Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wheeler Family Foundation's revenue has declined by 4.7%, moving from $84K to $80K. Total assets decreased by 93.5% over the same period, from $131K to $8K. Total functional expenses fell by 0.4%, from $80K to $80K. In its most recent filing year (2023), Wheeler Family Foundation reported a surplus of $80, with revenue exceeding expenses. The organization holds $1 in liabilities against $8K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $80K | $8K | $1 | — | View 990 |
| 2022 | $126K | $123K | $8K | $1 | — | View 990 |
| 2021 | $51K | $52K | $5K | $1 | — | View 990 |
| 2020 | $25K | $28K | $6K | $1 | — | View 990 |
| 2019 | $149K | $307K | $9K | $1 | — | — |
| 2015 | $54K | $70K | $141K | $1 | — | View 990 |
| 2014 | $100K | $84K | $157K | $0 | — | View 990 |
| 2013 | $33K | $24K | $142K | $0 | — | View 990 |
| 2012 | $120K | $119K | $132K | $0 | — | View 990 |
| 2011 | $84K | $80K | $131K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $80K, and assets of $8K (revenue -36.6% year-over-year).
- 2022: Revenue of $126K, expenses of $123K, and assets of $8K (revenue +148.7% year-over-year).
- 2021: Revenue of $51K, expenses of $52K, and assets of $5K (revenue +103.1% year-over-year).
- 2020: Revenue of $25K, expenses of $28K, and assets of $6K (revenue -83.2% year-over-year).
- 2019: Revenue of $149K, expenses of $307K, and assets of $9K (revenue +175.1% year-over-year).
- 2015: Revenue of $54K, expenses of $70K, and assets of $141K (revenue -45.9% year-over-year).
- 2014: Revenue of $100K, expenses of $84K, and assets of $157K (revenue +200.1% year-over-year).
- 2013: Revenue of $33K, expenses of $24K, and assets of $142K (revenue -72.2% year-over-year).
- 2012: Revenue of $120K, expenses of $119K, and assets of $132K (revenue +42.6% year-over-year).
- 2011: Revenue of $84K, expenses of $80K, and assets of $131K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wheeler Family Foundation:
Data Sources and Methodology
This transparency report for Wheeler Family 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.