Wilbert Foundation
Wilbert Foundation shows consistent asset growth and no reported officer compensation over a decade.
EIN: 10747500 · Hagerstown, MD · NTEE: T21 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $298K |
| Total Expenses | $70K |
| Program Spending | 80% |
| Net Assets | $903K |
| Transparency Score | 85/100 |
Is Wilbert Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wilbert Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wilbert Foundation
Wilbert Foundation (EIN: 10747500) is a nonprofit organization based in Hagerstown, MD, classified under NTEE code T21. The organization reported total revenue of $298K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilbert Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilbert Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $70K |
| Surplus / Deficit | +$52K |
| Total Assets | $903K |
| Total Liabilities | $1 |
| Net Assets | $903K |
| Operating Margin | 42.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 155.0 months |
Financial Health Grade: A
In 2023, Wilbert Foundation reported a surplus of $52K with revenue exceeding expenses, holds 155.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wilbert Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.8% | +23.6% | +7.0% |
| 2022 | +39.8% | +141.2% | +24.2% |
| 2021 | +121.4% | -19.0% | +24.8% |
| 2020 | -30.8% | -66.6% | +8.5% |
| 2019 | +108.4% | +275.9% | +15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Wilbert 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Wilbert 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 $52K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Wilbert Foundation consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or compensation structured outside of typical officer salary reporting, which is highly favorable for minimizing administrative costs.
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 Wilbert Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data makes precise efficiency analysis challenging.
Strengths
The following positive indicators were identified for Wilbert Foundation:
- Consistent asset growth, increasing from $368,278 in 2011 to $902,785 in 2023.
- Extremely low liabilities, often reported as $1, indicating strong financial health and minimal debt.
- 0% officer compensation reported across all filings, suggesting highly efficient or volunteer-led executive management.
- Positive net income in most years, indicating the ability to cover expenses and build reserves.
Frequently Asked Questions about Wilbert Foundation
Is Wilbert Foundation a legitimate charity?
Wilbert Foundation (EIN: 10747500) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $298K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Wilbert Foundation spend its money?
Wilbert Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wilbert Foundation tax-deductible?
Wilbert Foundation is registered as a tax-exempt nonprofit (EIN: 10747500). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wilbert Foundation's spending goes to programs?
Wilbert Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wilbert Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wilbert Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wilbert Foundation located?
Wilbert Foundation is headquartered in Hagerstown, Maryland and files with the IRS under EIN 10747500. It is classified under NTEE code T21.
How many years of IRS 990 filings does Wilbert Foundation have?
Wilbert 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 $298K in total revenue.
Is the Wilbert Foundation financially stable?
Yes, the Wilbert Foundation appears financially stable, demonstrated by consistent asset growth from $368,278 in 2011 to $902,785 in 2023, and consistently low liabilities (often $1).
How does Wilbert Foundation manage executive compensation?
The Wilbert Foundation reports 0% officer compensation in all available filings, indicating that executive leadership is likely volunteer-based or compensated through non-officer channels, which is a strong positive for efficiency.
What is the trend in the foundation's revenue and expenses?
Revenue has fluctuated but shows an overall upward trend, reaching $221,286 in 2022, while expenses have remained relatively controlled, with the highest reported at $86,610 in 2019.
Does the Wilbert Foundation carry significant debt?
No, the Wilbert Foundation consistently reports extremely low liabilities, often just $1, indicating minimal to no debt.
Filing History
IRS 990 filing history for Wilbert Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wilbert Foundation's revenue has declined by 38.2%, moving from $198K to $122K. Total assets increased by 145.1% over the same period, from $368K to $903K. Total functional expenses fell by 3.9%, from $73K to $70K. In its most recent filing year (2023), Wilbert Foundation reported a surplus of $52K, with revenue exceeding expenses. The organization holds $1 in liabilities against $903K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $903K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $122K | $70K | $903K | $1 | — | View 990 |
| 2022 | $221K | $57K | $844K | $1 | — | View 990 |
| 2021 | $158K | $23K | $679K | $1 | — | View 990 |
| 2020 | $72K | $29K | $544K | $1 | — | — |
| 2019 | $103K | $87K | $502K | $1 | — | View 990 |
| 2015 | $50K | $23K | $436K | $1 | — | View 990 |
| 2014 | $66K | $30K | $410K | $1 | — | View 990 |
| 2013 | $40K | $21K | $374K | $1 | — | View 990 |
| 2012 | $52K | $57K | $355K | $4K | — | View 990 |
| 2011 | $198K | $73K | $368K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $122K, expenses of $70K, and assets of $903K (revenue -44.8% year-over-year).
- 2022: Revenue of $221K, expenses of $57K, and assets of $844K (revenue +39.8% year-over-year).
- 2021: Revenue of $158K, expenses of $23K, and assets of $679K (revenue +121.4% year-over-year).
- 2020: Revenue of $72K, expenses of $29K, and assets of $544K (revenue -30.8% year-over-year).
- 2019: Revenue of $103K, expenses of $87K, and assets of $502K (revenue +108.4% year-over-year).
- 2015: Revenue of $50K, expenses of $23K, and assets of $436K (revenue -24.9% year-over-year).
- 2014: Revenue of $66K, expenses of $30K, and assets of $410K (revenue +65.3% year-over-year).
- 2013: Revenue of $40K, expenses of $21K, and assets of $374K (revenue -22.7% year-over-year).
- 2012: Revenue of $52K, expenses of $57K, and assets of $355K (revenue -73.9% year-over-year).
- 2011: Revenue of $198K, expenses of $73K, and assets of $368K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wilbert Foundation:
Data Sources and Methodology
This transparency report for Wilbert 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.