Whitney Foundation
EIN: 416022514 · Minneapolis, MN
| Metric | Value |
|---|---|
| Total Revenue | $244 |
| Total Expenses | $10K |
| Net Assets | $54K |
Is Whitney Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Whitney Foundation
Whitney Foundation (EIN: 416022514) is a nonprofit organization based in Minneapolis, MN. The organization reported total revenue of $244 and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whitney Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Whitney Foundation is a micro nonprofit that has been operating for 66 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -60.5%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $244 |
| Total Expenses | $10K |
| Surplus / Deficit | $-9,756 |
| Total Assets | $54K |
| Total Liabilities | $1 |
| Net Assets | $54K |
| Operating Margin | -3998.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 64.7 months |
Financial Health Grade: B
In 2019, Whitney Foundation reported a deficit of $10K with expenses exceeding revenue, holds 64.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Whitney Foundation's revenue has declined at a compound annual growth rate (CAGR) of -60.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -99.9% | -97.8% | -93.3% |
| 2015 | -35.9% | +7.5% | -13.9% |
| 2014 | +59.1% | +13.4% | +9.9% |
| 2013 | -15.0% | -8.3% | -6.0% |
| 2012 | -9.5% | -9.2% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1230 |
| IRS Ruling Date | 1960 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Whitney Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Whitney Foundation with a Mission Score of 0 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.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Whitney Foundation
Is Whitney Foundation a legitimate charity?
Whitney Foundation (EIN: 416022514) is a registered tax-exempt nonprofit based in Minnesota. It has 6 years of IRS 990 filings on record. Total revenue: $244. No red flags identified. Financial health grade: B.
How does Whitney Foundation spend its money?
Whitney Foundation reported $244 in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Whitney Foundation tax-deductible?
Whitney Foundation is registered as a tax-exempt nonprofit (EIN: 416022514). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Whitney Foundation located?
Whitney Foundation is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 416022514.
How many years of IRS 990 filings does Whitney Foundation have?
Whitney Foundation has 6 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 $244 in total revenue.
Filing History
IRS 990 filing history for Whitney Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Whitney Foundation's revenue has declined by 99.9%, moving from $412K to $244. Total assets decreased by 94.2% over the same period, from $933K to $54K. Total functional expenses fell by 97.8%, from $445K to $10K. In its most recent filing year (2019), Whitney Foundation reported a deficit of $10K, with expenses exceeding revenue. The organization holds $1 in liabilities against $54K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $54K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $244 | $10K | $54K | $1 | — | View 990 |
| 2015 | $323K | $452K | $801K | $0 | — | View 990 |
| 2014 | $504K | $420K | $930K | $0 | — | View 990 |
| 2013 | $317K | $371K | $847K | $0 | — | View 990 |
| 2012 | $373K | $404K | $901K | $0 | — | View 990 |
| 2011 | $412K | $445K | $933K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $244, expenses of $10K, and assets of $54K (revenue -99.9% year-over-year).
- 2015: Revenue of $323K, expenses of $452K, and assets of $801K (revenue -35.9% year-over-year).
- 2014: Revenue of $504K, expenses of $420K, and assets of $930K (revenue +59.1% year-over-year).
- 2013: Revenue of $317K, expenses of $371K, and assets of $847K (revenue -15.0% year-over-year).
- 2012: Revenue of $373K, expenses of $404K, and assets of $901K (revenue -9.5% year-over-year).
- 2011: Revenue of $412K, expenses of $445K, and assets of $933K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Whitney Foundation:
Data Sources and Methodology
This transparency report for Whitney 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.