Whitacre Family Foundation
Whitacre Family Foundation's IRS filings show highly inconsistent data, including zero expenses in its latest $6M revenue report.
EIN: 200184488 · San Antonio, TX · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Net Assets | $6.1M |
| Transparency Score | 10/100 |
Is Whitacre Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Whitacre Family Foundation
Whitacre Family Foundation (EIN: 200184488) is a nonprofit organization based in San Antonio, TX, classified under NTEE code T21. The organization reported total revenue of $4.0M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whitacre Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Whitacre Family Foundation is a mid-size nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 28.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $0 |
| Surplus / Deficit | +$6.1M |
| Total Assets | $6.1M |
| Total Liabilities | $1 |
| Net Assets | $6.1M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 0.0% |
Financial Health Grade: A
In 2023, Whitacre Family Foundation reported a surplus of $6.1M with revenue exceeding expenses, has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Whitacre Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 28.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +613527900.0% | — | +613527900.0% |
| 2022 | +0.0% | — | +0.0% |
| 2021 | +0.0% | — | +0.0% |
| 2020 | +0.0% | — | +0.0% |
| 2019 | +0.0% | — | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Whitacre Family Foundation with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Whitacre Family Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% for all available filings, which is unusual for an organization with significant assets and revenue in some periods. This could indicate that officers are unpaid volunteers or that compensation is not being accurately reported.
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 Whitacre Family Foundation's IRS 990 filings:
- Zero expenses reported in 202312 filing with $6,135,280 in revenue.
- Reporting $1 for revenue, expenses, and assets for multiple consecutive years (2019-2022).
- Highly inconsistent financial reporting across all available IRS 990 filings.
- Inability to determine actual program spending or operational efficiency due to lack of reliable expense data.
Strengths
The following positive indicators were identified for Whitacre Family Foundation:
- The organization has consistently filed its IRS 990 forms, indicating a basic level of compliance with reporting requirements.
Frequently Asked Questions about Whitacre Family Foundation
Is Whitacre Family Foundation a legitimate charity?
Whitacre Family Foundation (EIN: 200184488) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 10/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.0M. 4 red flags identified. 1 strength noted. Financial health grade: A.
How does Whitacre Family Foundation spend its money?
Whitacre Family Foundation reported $4.0M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Whitacre Family Foundation tax-deductible?
Whitacre Family Foundation is registered as a tax-exempt nonprofit (EIN: 200184488). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Whitacre Family Foundation compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Whitacre Family Foundation is below average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Whitacre Family Foundation located?
Whitacre Family Foundation is headquartered in San Antonio, Texas and files with the IRS under EIN 200184488. It is classified under NTEE code T21.
How many years of IRS 990 filings does Whitacre Family Foundation have?
Whitacre 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 $4.0M in total revenue.
Why does the Whitacre Family Foundation report $0 in expenses in its 202312 filing despite $6,135,280 in revenue?
Reporting zero expenses with significant revenue is highly unusual and suggests either a major reporting error, that the foundation is not actively operating, or that expenses are being categorized in a way not reflected in standard 990 expense lines.
What caused the Whitacre Family Foundation to report only $1 in revenue, expenses, and assets for multiple years (2019-2022)?
Reporting $1 for key financial metrics for several consecutive years is highly irregular and indicates a significant issue with their financial reporting, potentially suggesting dormancy, incorrect filings, or a lack of actual activity during those periods.
How does the Whitacre Family Foundation utilize its assets given the inconsistent expense reporting?
It is impossible to determine how the foundation utilizes its assets, which were reported at $6,250,864 in the latest available data, due to the lack of consistent and accurate expense reporting across its filings.
Filing History
IRS 990 filing history for Whitacre Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Whitacre Family Foundation's revenue has grown by 1964.6%, moving from $297K to $6.1M. Total assets increased by 478.2% over the same period, from $1.1M to $6.1M. Total functional expenses fell by 100%, from $11.2M to $0. The organization holds $1 in liabilities against $6.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.1M | $0 | $6.1M | $1 | — | — |
| 2022 | $1 | $0 | $1 | $1 | — | View 990 |
| 2021 | $1 | $0 | $1 | $1 | — | View 990 |
| 2020 | $1 | $0 | $1 | $1 | — | View 990 |
| 2019 | $1 | $0 | $1 | $0 | — | View 990 |
| 2015 | $1 | $0 | $1 | $1 | — | View 990 |
| 2014 | $3K | $41K | $1 | $0 | — | View 990 |
| 2013 | $2.0M | $2.1M | $38K | $0 | — | View 990 |
| 2012 | $576K | $1.6M | $70K | $0 | — | View 990 |
| 2011 | $297K | $11.2M | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.1M, expenses of $0, and assets of $6.1M (revenue +613527900.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2019: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2014: Revenue of $3K, expenses of $41K, and assets of $1 (revenue -99.8% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.1M, and assets of $38K (revenue +253.7% year-over-year).
- 2012: Revenue of $576K, expenses of $1.6M, and assets of $70K (revenue +93.8% year-over-year).
- 2011: Revenue of $297K, expenses of $11.2M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Whitacre Family Foundation:
Data Sources and Methodology
This transparency report for Whitacre 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.