Windham Foundation
Windham Foundation's assets have declined significantly over the past decade, despite stable recent revenues.
EIN: 136142024 · Grafton, VT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.7M |
| Program Spending | 80% |
| Net Assets | $16.5M |
| Transparency Score | 75/100 |
Is Windham Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Windham Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Windham Foundation
Windham Foundation (EIN: 136142024) is a nonprofit organization based in Grafton, VT. The organization reported total revenue of $3.1M and total assets of $17.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Windham Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Windham Foundation is a mid-size nonprofit that has been operating for 62 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-142,062 |
| Total Assets | $18.6M |
| Total Liabilities | $2.1M |
| Net Assets | $16.5M |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 11.4% |
| Months of Reserves | 83.5 months |
Financial Health Grade: B
In 2023, Windham Foundation reported a deficit of $142K with expenses exceeding revenue, holds 83.5 months of operating reserves (strong position), has a debt-to-asset ratio of 11.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Windham Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | +14.9% | +0.7% |
| 2022 | -18.2% | -4.7% | -4.8% |
| 2021 | -1.5% | -8.8% | +0.7% |
| 2020 | +10.8% | -7.8% | -11.4% |
| 2019 | -27.5% | -15.7% | -44.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1964 |
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 Windham Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Windham Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $142K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.4%.
Executive Compensation Analysis
The Windham Foundation consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees. This suggests a volunteer-led or externally managed executive structure, which is highly efficient in terms of direct salary costs.
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 Windham Foundation's IRS 990 filings:
- Significant long-term decline in total assets from $51.7 million in 2011 to $18.6 million in 2023.
- Substantial increase in liabilities from $288,446 in 2022 to $2,120,480 in 2023, warranting further scrutiny.
Strengths
The following positive indicators were identified for Windham Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership costs.
- Relatively stable revenue generation over the past five years, averaging around $2.7 million annually.
- Expenses generally align with or are slightly above revenue in recent years, suggesting active program spending.
Frequently Asked Questions about Windham Foundation
Is Windham Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Windham Foundation (EIN: 136142024) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Windham Foundation spend its money?
Windham Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Windham Foundation tax-deductible?
Windham Foundation is registered as a tax-exempt nonprofit (EIN: 136142024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Windham Foundation's spending goes to programs?
Windham Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Windham Foundation located?
Windham Foundation is headquartered in Grafton, Vermont and files with the IRS under EIN 136142024.
How many years of IRS 990 filings does Windham Foundation have?
Windham 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 $3.1M in total revenue.
Why have the Windham Foundation's assets decreased from $51.7 million in 2011 to $18.6 million in 2023?
The provided data shows a substantial decline in assets over the past decade. A detailed review of the organization's financial statements would be needed to understand if this is due to strategic asset liquidation, investment losses, or significant program expenditures not reflected in annual expenses.
What is the nature of the significant increase in liabilities from $288,446 in 2022 to $2,120,480 in 2023?
The sharp rise in liabilities in the most recent filing period requires further investigation. This could be due to new debt, deferred revenue, or other obligations that impact the organization's financial flexibility.
Given the 0% officer compensation, how are the executive and leadership functions of the organization managed and compensated?
While no officer compensation is reported, it's important to understand if leadership roles are filled by volunteers, if compensation is paid through a related entity, or if the organization relies on contracted services for executive functions.
Filing History
IRS 990 filing history for Windham Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Windham Foundation's revenue has grown by 82.3%, moving from $1.4M to $2.5M. Total assets decreased by 64% over the same period, from $51.7M to $18.6M. Total functional expenses fell by 61.9%, from $7.0M to $2.7M. In its most recent filing year (2023), Windham Foundation reported a deficit of $142K, with expenses exceeding revenue. The organization holds $2.1M in liabilities against $18.6M in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $16.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.7M | $18.6M | $2.1M | — | View 990 |
| 2022 | $2.4M | $2.3M | $18.5M | $288K | — | View 990 |
| 2021 | $2.9M | $2.4M | $19.4M | $522K | — | View 990 |
| 2020 | $3.0M | $2.7M | $19.3M | $1.8M | — | View 990 |
| 2019 | $2.7M | $2.9M | $21.8M | $1.2M | — | View 990 |
| 2015 | $3.7M | $3.4M | $39.5M | $11.7M | — | View 990 |
| 2014 | $2.1M | $3.3M | $41.9M | $11.5M | — | View 990 |
| 2013 | $1.2M | $3.9M | $43.9M | $11.8M | — | View 990 |
| 2012 | $911K | $2.5M | $46.6M | $12.3M | — | View 990 |
| 2011 | $1.4M | $7.0M | $51.7M | $10.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.7M, and assets of $18.6M (revenue +5.7% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.3M, and assets of $18.5M (revenue -18.2% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.4M, and assets of $19.4M (revenue -1.5% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.7M, and assets of $19.3M (revenue +10.8% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.9M, and assets of $21.8M (revenue -27.5% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.4M, and assets of $39.5M (revenue +77.6% year-over-year).
- 2014: Revenue of $2.1M, expenses of $3.3M, and assets of $41.9M (revenue +72.4% year-over-year).
- 2013: Revenue of $1.2M, expenses of $3.9M, and assets of $43.9M (revenue +33.0% year-over-year).
- 2012: Revenue of $911K, expenses of $2.5M, and assets of $46.6M (revenue -34.5% year-over-year).
- 2011: Revenue of $1.4M, expenses of $7.0M, and assets of $51.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Windham Foundation:
Data Sources and Methodology
This transparency report for Windham 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.