William And Martha Erickson Foundation
William And Martha Erickson Foundation consistently grows assets with minimal expenses and no officer compensation.
EIN: 200438855 · Seattle, WA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $64K |
| Program Spending | 95% |
| Net Assets | $2.3M |
| Transparency Score | 92/100 |
Is William And Martha Erickson Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William And Martha Erickson Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William And Martha Erickson Foundation
William And Martha Erickson Foundation (EIN: 200438855) is a nonprofit organization based in Seattle, WA, classified under NTEE code T22. The organization reported total revenue of $1.4M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William And Martha Erickson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William And Martha Erickson Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $552K |
| Total Expenses | $64K |
| Surplus / Deficit | +$488K |
| Total Assets | $2.3M |
| Total Liabilities | $1 |
| Net Assets | $2.3M |
| Operating Margin | 88.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 426.3 months |
Financial Health Grade: A
In 2023, William And Martha Erickson Foundation reported a surplus of $488K with revenue exceeding expenses, holds 426.3 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), William And Martha Erickson Foundation's revenue has grown at a compound annual growth rate (CAGR) of 25.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.4% | +21.9% | +27.4% |
| 2022 | -57.1% | +32.0% | +21.9% |
| 2021 | +746.4% | -36.0% | +130.9% |
| 2020 | -56.0% | +67.4% | +6.8% |
| 2019 | +63.4% | +25.4% | +83.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 William And Martha Erickson Foundation with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, William And Martha Erickson Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $488K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all filings, indicating that its leadership serves without direct salary, which is highly unusual for an organization of its asset size and revenue.
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 William And Martha Erickson Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data (though typical for private foundations, it limits granular impact assessment)
- Unusually low expenses for an organization with over $2 million in assets, which might suggest a very limited scope of direct charitable activities or significant reliance on external partners for program execution.
Strengths
The following positive indicators were identified for William And Martha Erickson Foundation:
- Exceptional financial stability with consistent asset growth (from $110,848 in 2011 to $2,269,955 in 2023).
- Extremely low administrative overhead and expenses relative to revenue.
- No reported officer compensation, indicating a highly dedicated or volunteer-led governance structure.
- Consistent IRS 990 filing history demonstrating transparency.
- Minimal liabilities ($1 across all filings) indicating a very healthy balance sheet.
Frequently Asked Questions about William And Martha Erickson Foundation
Is William And Martha Erickson Foundation a legitimate charity?
William And Martha Erickson Foundation (EIN: 200438855) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.4M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does William And Martha Erickson Foundation spend its money?
William And Martha Erickson Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to William And Martha Erickson Foundation tax-deductible?
William And Martha Erickson Foundation is registered as a tax-exempt nonprofit (EIN: 200438855). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does William And Martha Erickson Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), William And Martha Erickson Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is William And Martha Erickson Foundation located?
William And Martha Erickson Foundation is headquartered in Seattle, Washington and files with the IRS under EIN 200438855. It is classified under NTEE code T22.
How many years of IRS 990 filings does William And Martha Erickson Foundation have?
William And Martha Erickson 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 $1.4M in total revenue.
Is the William And Martha Erickson Foundation a good charity?
Based on its financial data, the foundation appears to be a very efficient and financially sound grant-making organization. Its consistent asset growth, minimal expenses, and lack of officer compensation suggest a strong commitment to its mission through asset accumulation and future distributions.
How does the foundation manage to have such low expenses?
The extremely low expenses relative to revenue and assets suggest that the foundation likely operates with a very small or volunteer staff, or outsources administrative functions very cost-effectively. It primarily functions as an endowment or grant-making vehicle rather than a direct service provider with high operational costs.
What is the primary use of the foundation's revenue?
The primary use of the foundation's revenue appears to be asset growth and accumulation for future grant-making. For instance, in 2023, revenue was $552,377 while expenses were only $63,901, indicating a significant portion was retained and added to assets, which grew from $1,781,479 in 2022 to $2,269,955 in 2023.
Filing History
IRS 990 filing history for William And Martha Erickson Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William And Martha Erickson Foundation's revenue has grown by 1403.7%, moving from $37K to $552K. Total assets increased by 1947.8% over the same period, from $111K to $2.3M. Total functional expenses rose by 9.8%, from $58K to $64K. In its most recent filing year (2023), William And Martha Erickson Foundation reported a surplus of $488K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $552K | $64K | $2.3M | $1 | — | — |
| 2022 | $372K | $52K | $1.8M | $1 | — | View 990 |
| 2021 | $868K | $40K | $1.5M | $1 | — | View 990 |
| 2020 | $103K | $62K | $633K | $1 | — | View 990 |
| 2019 | $233K | $37K | $592K | $1 | — | View 990 |
| 2015 | $143K | $30K | $323K | $1 | — | View 990 |
| 2014 | $70K | $39K | $210K | $1 | — | View 990 |
| 2013 | $61K | $56K | $179K | $1 | — | View 990 |
| 2012 | $121K | $59K | $173K | $1 | — | View 990 |
| 2011 | $37K | $58K | $111K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $552K, expenses of $64K, and assets of $2.3M (revenue +48.4% year-over-year).
- 2022: Revenue of $372K, expenses of $52K, and assets of $1.8M (revenue -57.1% year-over-year).
- 2021: Revenue of $868K, expenses of $40K, and assets of $1.5M (revenue +746.4% year-over-year).
- 2020: Revenue of $103K, expenses of $62K, and assets of $633K (revenue -56.0% year-over-year).
- 2019: Revenue of $233K, expenses of $37K, and assets of $592K (revenue +63.4% year-over-year).
- 2015: Revenue of $143K, expenses of $30K, and assets of $323K (revenue +104.5% year-over-year).
- 2014: Revenue of $70K, expenses of $39K, and assets of $210K (revenue +13.9% year-over-year).
- 2013: Revenue of $61K, expenses of $56K, and assets of $179K (revenue -49.3% year-over-year).
- 2012: Revenue of $121K, expenses of $59K, and assets of $173K (revenue +229.1% year-over-year).
- 2011: Revenue of $37K, expenses of $58K, and assets of $111K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William And Martha Erickson Foundation:
Data Sources and Methodology
This transparency report for William And Martha Erickson 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.