Wilson Family Foundation Inc
Wilson Family Foundation experiences significant revenue and expense growth in 2023 after years of highly variable financial activity.
EIN: 205982816 · Los Angeles, CA · NTEE: T22 · Updated: 2026-03-28
Is Wilson Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wilson Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wilson Family Foundation Inc
Wilson Family Foundation Inc (EIN: 205982816) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code T22. The organization reported total revenue of $5.5M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilson Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilson Family Foundation Inc is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.2M |
| Total Expenses | $3.4M |
| Surplus / Deficit | +$2.9M |
| Total Assets | $5.1M |
| Total Liabilities | $1 |
| Net Assets | $5.1M |
| Operating Margin | 46.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 18.3 months |
Financial Health Grade: A
In 2023, Wilson Family Foundation Inc reported a surplus of $2.9M with revenue exceeding expenses, holds 18.3 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), Wilson Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +150.8% | +1063.2% | +126.2% |
| 2022 | +609.5% | -23.1% | +3465.0% |
| 2021 | +2187481.3% | +187.7% | -28.7% |
| 2020 | -100.0% | +5.1% | -59.4% |
| 2019 | +76842.7% | -38.2% | +173.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Wilson Family 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Wilson Family 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly favorable for directing funds towards its mission.
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 Wilson Family Foundation Inc's IRS 990 filings:
- Highly volatile revenue and expense history, making financial planning and stability assessment challenging.
- Consistent reporting of $1 in liabilities across multiple recent filings, which is an unusual accounting practice.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting efficiency analysis.
Strengths
The following positive indicators were identified for Wilson Family Foundation Inc:
- Consistent 0% officer compensation, indicating strong commitment to mission over executive salaries.
- Significant growth in revenue and assets in recent years, particularly in 2023.
- Substantial asset base ($8,346,584) provides a strong financial foundation.
Frequently Asked Questions about Wilson Family Foundation Inc
Is Wilson Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wilson Family Foundation Inc (EIN: 205982816) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Wilson Family Foundation Inc spend its money?
Wilson Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wilson Family Foundation Inc tax-deductible?
Wilson Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205982816). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the dramatic increase in revenue and expenses between 2022 and 2023?
The revenue surged from $2,483,353 in 2022 to $6,227,458 in 2023, and expenses increased from $289,000 to $3,361,768. This significant growth likely stems from a large donation, investment gains, or a substantial new program initiative.
Why are liabilities consistently reported as $1 in recent filings?
The consistent reporting of $1 in liabilities across multiple recent filings (2023, 2022, 2021, 2020, 2019) is unusual and may indicate a reporting anomaly or a specific accounting practice that warrants further clarification.
How does the foundation manage its assets given the high financial volatility?
With assets growing from $2,271,058 in 2022 to $5,136,747 in 2023, and a current total of $8,346,584, understanding the investment strategy and risk management practices is crucial given the highly fluctuating revenue and expense patterns.
What are the specific program activities funded by the foundation?
Given the NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations), the foundation likely engages in grantmaking. A detailed breakdown of its program spending would clarify the specific causes or organizations it supports.
Filing History
IRS 990 filing history for Wilson Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wilson Family Foundation Inc's revenue has grown by 855.1%, moving from $652K to $6.2M. Total assets increased by 689.1% over the same period, from $651K to $5.1M. Total functional expenses rose by 273%, from $901K to $3.4M. In its most recent filing year (2023), Wilson Family Foundation Inc reported a surplus of $2.9M, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.2M | $3.4M | $5.1M | $1 | — | — |
| 2022 | $2.5M | $289K | $2.3M | $1 | — | View 990 |
| 2021 | $350K | $376K | $64K | $1 | — | View 990 |
| 2020 | $16 | $131K | $89K | $1 | — | — |
| 2019 | $200K | $124K | $220K | $1 | — | View 990 |
| 2015 | $260 | $201K | $81K | $0 | — | View 990 |
| 2014 | $54 | $1K | $281K | $1 | — | View 990 |
| 2013 | $348 | $162K | $283K | $0 | — | View 990 |
| 2012 | $770 | $207K | $445K | $0 | — | View 990 |
| 2011 | $652K | $901K | $651K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.2M, expenses of $3.4M, and assets of $5.1M (revenue +150.8% year-over-year).
- 2022: Revenue of $2.5M, expenses of $289K, and assets of $2.3M (revenue +609.5% year-over-year).
- 2021: Revenue of $350K, expenses of $376K, and assets of $64K (revenue +2187481.3% year-over-year).
- 2020: Revenue of $16, expenses of $131K, and assets of $89K (revenue -100.0% year-over-year).
- 2019: Revenue of $200K, expenses of $124K, and assets of $220K (revenue +76842.7% year-over-year).
- 2015: Revenue of $260, expenses of $201K, and assets of $81K (revenue +381.5% year-over-year).
- 2014: Revenue of $54, expenses of $1K, and assets of $281K (revenue -84.5% year-over-year).
- 2013: Revenue of $348, expenses of $162K, and assets of $283K (revenue -54.8% year-over-year).
- 2012: Revenue of $770, expenses of $207K, and assets of $445K (revenue -99.9% year-over-year).
- 2011: Revenue of $652K, expenses of $901K, and assets of $651K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wilson Family Foundation Inc:
Data Sources and Methodology
This transparency report for Wilson Family 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.