Whitman Family Foundation
Whitman Family Foundation consistently spends more than it earns, relying on its asset base, with no reported officer compensation.
EIN: 205666003 · Metairie, LA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $432K |
| Total Expenses | $190K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5,559,654 |
| Net Assets | $5.6M |
| Transparency Score | 85/100 |
Is Whitman Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Whitman Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Whitman Family Foundation
Whitman Family Foundation (EIN: 205666003) is a nonprofit organization based in Metairie, LA, classified under NTEE code T20. The organization reported total revenue of $432K and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whitman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Whitman Family Foundation is a small nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2011–2022).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.2% | -62.0% | -3.3% |
| 2020 | -120.6% | -3.9% | -7.0% |
| 2019 | +383.2% | -1.7% | +12.0% |
| 2015 | -58.2% | -7.8% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Whitman Family 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, Whitman Family 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 (2022)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly commendable for a foundation of its asset size ($5,559,654 in 202212).
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 Whitman Family Foundation's IRS 990 filings:
- Consistent negative net income in recent years (e.g., 202212 revenue $-203 vs. expenses $189,892)
- Reliance on asset depletion to cover expenses without sufficient annual revenue generation
Strengths
The following positive indicators were identified for Whitman Family Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission
- Very low liabilities ($1 reported consistently), demonstrating strong financial solvency
- Substantial asset base ($5,559,654 in 202212) provides financial stability despite revenue shortfalls
- Clear focus on grantmaking as a private foundation
Frequently Asked Questions about Whitman Family Foundation
Is Whitman Family Foundation a legitimate charity?
Whitman Family Foundation (EIN: 205666003) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $432K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Whitman Family Foundation spend its money?
Whitman Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Whitman Family Foundation tax-deductible?
Whitman Family Foundation is registered as a tax-exempt nonprofit (EIN: 205666003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Whitman Family Foundation CEO make?
Whitman Family Foundation's highest-compensated officer earns $5,559,654 annually. The organization reported $432K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Whitman Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Whitman Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Whitman Family Foundation located?
Whitman Family Foundation is headquartered in Metairie, Louisiana and files with the IRS under EIN 205666003. It is classified under NTEE code T20.
How many years of IRS 990 filings does Whitman Family Foundation have?
Whitman Family Foundation has 9 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 $432K in total revenue.
Is the Whitman Family Foundation financially sustainable given its negative net income in recent years?
The foundation has consistently reported negative net income in recent years (e.g., $-203 revenue vs. $189,892 expenses in 202212). While it has a substantial asset base ($5,559,654 in 202212) to cover these deficits, this trend is not sustainable indefinitely without a strategy to increase revenue or reduce expenses to match income.
What is the primary purpose of the Whitman Family Foundation?
Based on its NTEE code T20, the Whitman Family Foundation is classified as a Private Grantmaking Foundation, meaning its primary purpose is to make grants to other organizations or individuals to further charitable causes.
How does the lack of officer compensation impact the foundation's efficiency?
The absence of officer compensation (0% reported across all filings) significantly enhances the foundation's spending efficiency, as all funds are directed towards its mission and operational costs rather than executive salaries. This is a strong positive indicator of responsible financial management.
Filing History
IRS 990 filing history for Whitman Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Whitman Family Foundation's revenue has declined by 100%, moving from $1.1M to $-203. Total assets decreased by 12.5% over the same period, from $6.4M to $5.6M. Total functional expenses fell by 36.1%, from $297K to $190K. The organization holds $1 in liabilities against $5.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $-203 | $190K | $5.6M | $1 | — | View 990 |
| 2021 | $120K | $500K | $5.7M | $1 | — | View 990 |
| 2020 | $-108,637 | $355K | $6.1M | $1 | — | — |
| 2019 | $527K | $369K | $6.6M | $1 | — | View 990 |
| 2015 | $109K | $375K | $5.9M | $1 | — | View 990 |
| 2014 | $261K | $407K | $6.2M | $1 | — | View 990 |
| 2013 | $223K | $274K | $6.3M | $1 | — | View 990 |
| 2012 | $205K | $287K | $6.3M | $1 | — | View 990 |
| 2011 | $1.1M | $297K | $6.4M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $-203, expenses of $190K, and assets of $5.6M (revenue -100.2% year-over-year).
- 2021: Revenue of $120K, expenses of $500K, and assets of $5.7M.
- 2020: Revenue of $-108,637, expenses of $355K, and assets of $6.1M (revenue -120.6% year-over-year).
- 2019: Revenue of $527K, expenses of $369K, and assets of $6.6M (revenue +383.2% year-over-year).
- 2015: Revenue of $109K, expenses of $375K, and assets of $5.9M (revenue -58.2% year-over-year).
- 2014: Revenue of $261K, expenses of $407K, and assets of $6.2M (revenue +17.4% year-over-year).
- 2013: Revenue of $223K, expenses of $274K, and assets of $6.3M (revenue +8.7% year-over-year).
- 2012: Revenue of $205K, expenses of $287K, and assets of $6.3M (revenue -81.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $297K, and assets of $6.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Whitman Family Foundation:
Data Sources and Methodology
This transparency report for Whitman 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.