Whitehead Foundation Inc

Whitehead Foundation Inc. consistently operates at a significant deficit, spending down its assets.

EIN: 208827760 · Gautier, MS · NTEE: P20 · Updated: 2026-03-28

$6KRevenue

$512KAssets

35/100Mission Score (Poor)

P20

About Whitehead Foundation Inc

Whitehead Foundation Inc (EIN: 208827760) is a nonprofit organization based in Gautier, MS, classified under NTEE code P20. The organization reported total revenue of $6K and total assets of $512K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whitehead Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Whitehead Foundation Inc. appears to be a grant-making or asset-holding organization given its NTEE code P20 and consistent asset base. However, its financial health shows a concerning trend of declining assets and significant operating deficits. For example, in 2023, the organization reported only $56 in revenue against $29,641 in expenses, leading to a substantial draw on its assets. This pattern has been consistent over the past decade, with expenses consistently far exceeding revenue, indicating that the organization is spending down its principal rather than operating on sustainable income. While the organization reports zero officer compensation, which is a positive for efficiency, the overall financial model is unsustainable without a significant change in revenue generation or spending.

The spending efficiency is difficult to fully assess without a detailed breakdown of program vs. administrative expenses, which is not provided in the summary data. However, given the minimal revenue and substantial expenses, a large portion of spending is likely going towards maintaining its asset base or covering fixed costs. The consistent decline in assets from $971,914 in 2011 to $534,599 in 2023, while liabilities remain minimal at $1, suggests a controlled liquidation or a foundation that is not actively fundraising but rather distributing its endowment over time. Transparency regarding the specific use of funds beyond general expenses would be beneficial for external analysis.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Whitehead Foundation Inc with a Mission Score of 35 out of 100 (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: 40%
programs: 50%
fundraising: 10%

According to IRS 990 filings, Whitehead Foundation Inc allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation, indicating that no executive salaries are paid, which is a positive for minimizing overhead costs relative to its size and declining asset base.

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 Whitehead Foundation Inc's IRS 990 filings:

Consistent and significant operating deficits (e.g., $56 revenue vs. $29,641 expenses in 2023).
Steady decline in assets over the past decade (from $971,914 in 2011 to $534,599 in 2023).
Minimal revenue generation, indicating an unsustainable financial model without asset drawdowns.

Strengths

The following positive indicators were identified for Whitehead Foundation Inc:

Zero officer compensation reported, indicating no executive salary burden.
Very low liabilities ($1 consistently), suggesting strong financial solvency in terms of debt.

Frequently Asked Questions about Whitehead Foundation Inc

What is the primary purpose of the Whitehead Foundation Inc. given its consistent operating deficits?

The consistent operating deficits and declining assets suggest the organization may be a private foundation spending down its endowment or a grant-making entity with a limited lifespan, rather than an actively fundraising public charity.

How does the organization sustain its operations with minimal revenue?

The organization sustains its operations by drawing down its existing assets. For instance, in 2023, with only $56 in revenue and $29,641 in expenses, the deficit was covered by its asset base, which decreased from $564,184 to $534,599.

What are the specific program activities funded by the Whitehead Foundation Inc.?

The provided data does not detail specific program activities. Further investigation into their full IRS 990 filings would be necessary to understand how their expenses are allocated between programs and other functions.

Is the Whitehead Foundation Inc. actively fundraising?

Given the consistently low revenue figures (e.g., $56 in 2023, $59 in 2022), it appears the organization is not actively engaged in significant public fundraising efforts.

Filing History

IRS 990 filing history for Whitehead Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Whitehead Foundation Inc's revenue has declined by 99.8%, moving from $31K to $56. Total assets decreased by 45% over the same period, from $972K to $535K. Total functional expenses fell by 37%, from $47K to $30K. In its most recent filing year (2023), Whitehead Foundation Inc reported a deficit of $30K, with expenses exceeding revenue. The organization holds $1 in liabilities against $535K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $535K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$56	$30K	$535K	$1	—	—
2022	$59	$32K	$564K	$1	—	—
2021	$63	$33K	$596K	$1	—	View 990
2020	$527	$35K	$629K	$1	—	—
2019	$694	$34K	$663K	$1	—	View 990
2015	$853	$45K	$817K	$1	—	View 990
2014	$1K	$48K	$862K	$1	—	View 990
2013	$4K	$49K	$908K	$1	—	View 990
2012	$31K	$50K	$952K	$1	—	View 990
2011	$31K	$47K	$972K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $56, expenses of $30K, and assets of $535K (revenue -5.1% year-over-year).
2022: Revenue of $59, expenses of $32K, and assets of $564K (revenue -6.3% year-over-year).
2021: Revenue of $63, expenses of $33K, and assets of $596K (revenue -88.0% year-over-year).
2020: Revenue of $527, expenses of $35K, and assets of $629K (revenue -24.1% year-over-year).
2019: Revenue of $694, expenses of $34K, and assets of $663K (revenue -18.6% year-over-year).
2015: Revenue of $853, expenses of $45K, and assets of $817K (revenue -17.7% year-over-year).
2014: Revenue of $1K, expenses of $48K, and assets of $862K (revenue -76.8% year-over-year).
2013: Revenue of $4K, expenses of $49K, and assets of $908K (revenue -85.5% year-over-year).
2012: Revenue of $31K, expenses of $50K, and assets of $952K (revenue -1.0% year-over-year).
2011: Revenue of $31K, expenses of $47K, and assets of $972K.

Data Sources and Methodology

This transparency report for Whitehead 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.