Wilpon Foundation Inc
Wilpon Foundation shows highly variable revenue and expenses with no reported officer compensation.
EIN: 112626618 · Great Neck, NY · Updated: 2026-03-28
Is Wilpon Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wilpon Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wilpon Foundation Inc
Wilpon Foundation Inc (EIN: 112626618) is a nonprofit organization based in Great Neck, NY. The organization reported total revenue of $2.5M and total assets of $158K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilpon 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 Wilpon Foundation Inc with a Mission Score of 75 out of 100 (Good). 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: 90%
- fundraising: 5%
According to IRS 990 filings, Wilpon Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Wilpon Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for donor confidence.
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 Wilpon Foundation Inc's IRS 990 filings:
- Unknown NTEE code limits benchmarking and understanding of mission focus.
- Significant year-to-year financial volatility could indicate unpredictable funding or project cycles.
- Lack of detailed expense breakdown beyond total expenses makes it difficult to assess program efficiency.
Strengths
The following positive indicators were identified for Wilpon Foundation Inc:
- Consistent 0% officer compensation, indicating efficient use of funds for its stated purpose.
- Relatively low liabilities in recent years, demonstrating improved financial stability compared to earlier periods.
- Appears to operate with a lean administrative structure given the lack of reported executive compensation.
Frequently Asked Questions about Wilpon Foundation Inc
Is Wilpon Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wilpon Foundation Inc (EIN: 112626618) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Wilpon Foundation Inc spend its money?
Wilpon Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wilpon Foundation Inc tax-deductible?
Wilpon Foundation Inc is registered as a tax-exempt nonprofit (EIN: 112626618). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary mission or program area of the Wilpon Foundation?
The provided data does not specify the NTEE code or detailed program descriptions, making it difficult to ascertain the primary mission or program area of the Wilpon Foundation.
How does the Wilpon Foundation manage its liabilities, which have been significant in some years?
Liabilities have fluctuated significantly, reaching over $1 million in several years (e.g., $1,272,331 in 2012). The data does not provide details on the nature of these liabilities or how they are managed, though they have decreased substantially in recent years (e.g., $8,323 in 2023).
What is the reason for the extreme year-to-year variability in revenue and expenses?
The extreme variability, such as revenue jumping from $99,843 in 2021 to $1,759,890 in 2022, suggests that the foundation may receive large, infrequent grants or engage in specific, time-limited projects rather than having a consistent operational budget.
Filing History
IRS 990 filing history for Wilpon Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wilpon Foundation Inc's revenue has grown by 3618.1%, moving from $99K to $3.7M. Total assets increased by 1089.2% over the same period, from $13K to $155K. Total functional expenses rose by 3681.2%, from $101K to $3.8M. In its most recent filing year (2023), Wilpon Foundation Inc reported a deficit of $137K, with expenses exceeding revenue. The organization holds $8K in liabilities against $155K in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $146K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $3.8M | $155K | $8K | — | — |
| 2022 | $1.8M | $1.5M | $346K | $62K | — | View 990 |
| 2021 | $100K | $47K | $7K | $1 | — | View 990 |
| 2020 | $1.7M | $2.0M | $42K | $88K | — | View 990 |
| 2019 | $3.7M | $3.2M | $333K | $135K | — | View 990 |
| 2015 | $2.5M | $2.2M | $7K | $823K | — | View 990 |
| 2014 | $1.1M | $985K | $11K | $1.1M | — | View 990 |
| 2013 | $12.3M | $12.2M | $7K | $1.2M | — | View 990 |
| 2012 | $1.4M | $2.7M | $8K | $1.3M | — | View 990 |
| 2011 | $99K | $101K | $13K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $3.8M, and assets of $155K (revenue +109.2% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.5M, and assets of $346K (revenue +1662.7% year-over-year).
- 2021: Revenue of $100K, expenses of $47K, and assets of $7K (revenue -94.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.0M, and assets of $42K (revenue -52.5% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.2M, and assets of $333K (revenue +48.6% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.2M, and assets of $7K (revenue +132.4% year-over-year).
- 2014: Revenue of $1.1M, expenses of $985K, and assets of $11K (revenue -91.4% year-over-year).
- 2013: Revenue of $12.3M, expenses of $12.2M, and assets of $7K (revenue +755.8% year-over-year).
- 2012: Revenue of $1.4M, expenses of $2.7M, and assets of $8K (revenue +1355.0% year-over-year).
- 2011: Revenue of $99K, expenses of $101K, and assets of $13K.
Data Sources and Methodology
This transparency report for Wilpon 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.