William James Foundation Inc
William James Foundation Inc. maintains substantial assets despite fluctuating revenues and occasional operating deficits.
EIN: 141782873 · Portland, OR · NTEE: B64Z · Updated: 2026-03-28
Is William James Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William James Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William James Foundation Inc
William James Foundation Inc (EIN: 141782873) is a nonprofit organization based in Portland, OR, classified under NTEE code B64Z. The organization reported total revenue of $381K and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William James Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates William James Foundation Inc 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, William James Foundation Inc 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this asset size ($6,692,595) and suggests a volunteer-led or externally funded leadership structure.
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 James Foundation Inc's IRS 990 filings:
- Declining revenue trend in recent years (from $978,038 in 2019 to $380,805 latest reported).
- Expenses sometimes exceed revenue, leading to operating deficits (e.g., $683,658 expenses vs. $538,623 revenue in 2023).
Strengths
The following positive indicators were identified for William James Foundation Inc:
- Substantial asset base ($6,692,595) providing long-term financial stability.
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission.
- Low liabilities across most filing periods, suggesting sound financial management.
- Consistent IRS 990 filing history demonstrates transparency.
Frequently Asked Questions about William James Foundation Inc
Is William James Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, William James Foundation Inc (EIN: 141782873) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does William James Foundation Inc spend its money?
William James Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to William James Foundation Inc tax-deductible?
William James Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141782873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is William James Foundation Inc. financially stable?
Yes, despite fluctuating revenues and occasional operating deficits (e.g., $683,658 expenses vs. $538,623 revenue in 2023), the organization's substantial assets of $6,692,595 provide significant financial stability.
How does William James Foundation Inc. manage executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, indicating a volunteer-led executive team or that executive roles are not compensated through the organization's direct funds.
What is the trend in William James Foundation Inc.'s revenue?
Revenue has shown a declining trend in recent years, from a high of $978,038 in 2019 to $538,623 in 2023, and a further drop to the latest reported $380,805.
Filing History
IRS 990 filing history for William James Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William James Foundation Inc's revenue has declined by 17.1%, moving from $650K to $539K. Total assets increased by 166.9% over the same period, from $2.0M to $5.4M. Total functional expenses rose by 61.9%, from $422K to $684K. In its most recent filing year (2023), William James Foundation Inc reported a deficit of $145K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $539K | $684K | $5.4M | $1 | — | View 990 |
| 2022 | $543K | $445K | $5.0M | $1 | — | View 990 |
| 2021 | $623K | $671K | $4.8M | $12K | — | View 990 |
| 2020 | $662K | $391K | $4.1M | $6K | — | View 990 |
| 2019 | $978K | $560K | $3.8M | $9K | — | — |
| 2015 | $650K | $558K | $1.8M | $100K | — | View 990 |
| 2014 | $650K | $765K | $1.6M | $1 | — | View 990 |
| 2013 | $650K | $777K | $1.8M | $1 | — | View 990 |
| 2012 | $650K | $780K | $1.9M | $1 | — | View 990 |
| 2011 | $650K | $422K | $2.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $539K, expenses of $684K, and assets of $5.4M (revenue -0.7% year-over-year).
- 2022: Revenue of $543K, expenses of $445K, and assets of $5.0M (revenue -12.9% year-over-year).
- 2021: Revenue of $623K, expenses of $671K, and assets of $4.8M (revenue -5.9% year-over-year).
- 2020: Revenue of $662K, expenses of $391K, and assets of $4.1M (revenue -32.3% year-over-year).
- 2019: Revenue of $978K, expenses of $560K, and assets of $3.8M (revenue +50.5% year-over-year).
- 2015: Revenue of $650K, expenses of $558K, and assets of $1.8M (revenue +-0.0% year-over-year).
- 2014: Revenue of $650K, expenses of $765K, and assets of $1.6M (revenue +-0.0% year-over-year).
- 2013: Revenue of $650K, expenses of $777K, and assets of $1.8M (revenue +-0.0% year-over-year).
- 2012: Revenue of $650K, expenses of $780K, and assets of $1.9M (revenue +-0.0% year-over-year).
- 2011: Revenue of $650K, expenses of $422K, and assets of $2.0M.
Data Sources and Methodology
This transparency report for William James Foundation Inc 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.