Wildacres Retreat Foundation
Wildacres Retreat Foundation maintains strong assets and zero liabilities despite volatile revenue, with no reported officer compensation.
EIN: 201266441 · Charlotte, NC · NTEE: T113 · Updated: 2026-03-28
Is Wildacres Retreat Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wildacres Retreat Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wildacres Retreat Foundation
Wildacres Retreat Foundation (EIN: 201266441) is a nonprofit organization based in Charlotte, NC, classified under NTEE code T113. The organization reported total revenue of $628K and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wildacres Retreat Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wildacres Retreat Foundation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $438K |
| Total Expenses | $274K |
| Surplus / Deficit | +$165K |
| Total Assets | $5.1M |
| Net Assets | $5.1M |
| Operating Margin | 37.5% |
| Months of Reserves | 225.4 months |
Financial Health Grade: A
In 2023, Wildacres Retreat Foundation reported a surplus of $165K with revenue exceeding expenses, holds 225.4 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -215.4% | -20.5% | -19.4% |
| 2021 | +44.7% | -13.1% | +9.4% |
| 2020 | -40.6% | +23.7% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Wildacres Retreat Foundation with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Wildacres Retreat Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $165K, with revenue exceeding expenses.
Executive Compensation Analysis
Wildacres Retreat Foundation consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is not compensated through traditional officer salaries, which is a strong positive for resource allocation.
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 Wildacres Retreat Foundation's IRS 990 filings:
- Significant revenue volatility, including negative revenue in multiple years (e.g., $-939,065 in 2022), which could indicate reliance on unpredictable investment returns or other non-operating income.
Strengths
The following positive indicators were identified for Wildacres Retreat Foundation:
- Consistently reports 0% officer compensation, indicating efficient use of funds at the executive level.
- Maintains a strong balance sheet with zero reported liabilities across all available filings.
- Substantial asset base (e.g., $5,358,705 latest assets) provides financial stability.
- Consistent expense levels despite revenue fluctuations suggest disciplined financial management.
Frequently Asked Questions about Wildacres Retreat Foundation
Is Wildacres Retreat Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wildacres Retreat Foundation (EIN: 201266441) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Wildacres Retreat Foundation spend its money?
Wildacres Retreat Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wildacres Retreat Foundation tax-deductible?
Wildacres Retreat Foundation is registered as a tax-exempt nonprofit (EIN: 201266441). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Wildacres Retreat Foundation a good charity?
Based on the available data, Wildacres Retreat Foundation appears to be a financially sound organization with strong asset management and a commitment to minimizing administrative and executive compensation costs. Its consistent reporting of zero liabilities and 0% officer compensation are significant positive indicators.
What caused the negative revenue in 2022 and 2018?
The IRS 990 data indicates significant negative revenue figures of $-939,065 in 2022 and $-361,236 in 2018. This could be due to substantial investment losses, significant returns of contributions, or other non-operating income adjustments. Further investigation into the specific line items on the 990s for those years would be needed to determine the exact cause.
How does the organization sustain itself with such volatile revenue?
The organization's ability to maintain a substantial asset base (e.g., $5,358,705 in latest assets) despite revenue volatility suggests it likely has a significant endowment or investment portfolio that generates income or is drawn upon to cover expenses during periods of lower operating revenue. The consistent expense levels also point to careful financial planning.
What are the primary programs supported by Wildacres Retreat Foundation?
While the NTEE code T113 (Retreat Centers) provides a general idea, the specific program details are not available in the provided financial summary. To understand the primary programs, one would need to review the program service accomplishments section of their full IRS 990 filings.
Filing History
IRS 990 filing history for Wildacres Retreat Foundation showing financial trends over 13 years of public records:
Total assets increased by 23.2% over the same period, from $4.2M to $5.1M. Total functional expenses rose by 61.1%, from $170K to $274K. In its most recent filing year (2023), Wildacres Retreat Foundation reported a surplus of $165K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $438K | $274K | $5.1M | $0 | — | — |
| 2022 | $-939,065 | $234K | $4.9M | $0 | — | View 990 |
| 2021 | $814K | $294K | $6.0M | $0 | — | View 990 |
| 2020 | $562K | $339K | $5.5M | $0 | — | — |
| 2019 | $946K | $274K | $5.3M | $0 | — | View 990 |
| 2018 | $-361,236 | $397K | $4.6M | $0 | — | View 990 |
| 2017 | $1.6M | $362K | $5.4M | $0 | — | View 990 |
| 2016 | $219K | $342K | $4.1M | $0 | — | View 990 |
| 2015 | $-151,619 | $385K | $4.3M | $0 | — | View 990 |
| 2014 | $236K | $245K | $4.8M | $0 | — | View 990 |
| 2013 | $689K | $249K | $4.8M | $0 | — | View 990 |
| 2012 | $546K | $347K | $4.4M | $0 | — | View 990 |
| 2011 | $-175,729 | $170K | $4.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $438K, expenses of $274K, and assets of $5.1M.
- 2022: Revenue of $-939,065, expenses of $234K, and assets of $4.9M (revenue -215.4% year-over-year).
- 2021: Revenue of $814K, expenses of $294K, and assets of $6.0M (revenue +44.7% year-over-year).
- 2020: Revenue of $562K, expenses of $339K, and assets of $5.5M (revenue -40.6% year-over-year).
- 2019: Revenue of $946K, expenses of $274K, and assets of $5.3M.
- 2018: Revenue of $-361,236, expenses of $397K, and assets of $4.6M (revenue -122.4% year-over-year).
- 2017: Revenue of $1.6M, expenses of $362K, and assets of $5.4M (revenue +638.3% year-over-year).
- 2016: Revenue of $219K, expenses of $342K, and assets of $4.1M.
- 2015: Revenue of $-151,619, expenses of $385K, and assets of $4.3M (revenue -164.2% year-over-year).
- 2014: Revenue of $236K, expenses of $245K, and assets of $4.8M (revenue -65.7% year-over-year).
- 2013: Revenue of $689K, expenses of $249K, and assets of $4.8M (revenue +26.2% year-over-year).
- 2012: Revenue of $546K, expenses of $347K, and assets of $4.4M.
- 2011: Revenue of $-175,729, expenses of $170K, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wildacres Retreat Foundation:
Data Sources and Methodology
This transparency report for Wildacres Retreat 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.