Windmill Foundation Inc
Windmill Foundation Inc. consistently spends more than it earns, relying on substantial assets.
EIN: 133411161 · Stamford, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $647K |
| Program Spending | 80% |
| Net Assets | $8.7M |
| Transparency Score | 70/100 |
Is Windmill Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Windmill Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Windmill Foundation Inc
Windmill Foundation Inc (EIN: 133411161) is a nonprofit organization based in Stamford, CT. The organization reported total revenue of $1.0M and total assets of $8.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Windmill Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Windmill Foundation Inc is a mid-size nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $504K |
| Total Expenses | $647K |
| Surplus / Deficit | $-143,540 |
| Total Assets | $8.7M |
| Total Liabilities | $1 |
| Net Assets | $8.7M |
| Operating Margin | -28.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 160.4 months |
Financial Health Grade: B
In 2024, Windmill Foundation Inc reported a deficit of $144K with expenses exceeding revenue, holds 160.4 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 (2012–2024), Windmill Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +53.7% | -10.4% | -1.6% |
| 2023 | -31.5% | +11.4% | -4.3% |
| 2022 | -6.2% | +0.2% | -1.8% |
| 2021 | +20.4% | -0.1% | -1.4% |
| 2020 | -74.4% | +8.6% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Windmill Foundation Inc with a Mission Score of 70 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, Windmill Foundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $144K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is highly unusual for an organization of this asset size 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 Windmill Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $647,183 expenses vs. $503,643 revenue in 202402.
- Declining asset base over the last few years, from $9,498,643 in 202002 to $8,651,375 in 202402, likely due to covering operational deficits.
- Unusual consistent reporting of $1 in liabilities from 2020-2024.
Strengths
The following positive indicators were identified for Windmill Foundation Inc:
- Substantial asset base of $8,651,375 (202402) provides financial stability.
- 0% officer compensation reported across all filings, indicating very low executive overhead.
- Consistent filing of IRS 990s over a decade demonstrates transparency and compliance.
- Historically strong revenue periods, such as $1,653,558 in 201602, show capacity for significant fundraising.
Frequently Asked Questions about Windmill Foundation Inc
Is Windmill Foundation Inc a legitimate charity?
Windmill Foundation Inc (EIN: 133411161) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.0M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Windmill Foundation Inc spend its money?
Windmill Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Windmill Foundation Inc tax-deductible?
Windmill Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133411161). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Windmill Foundation Inc's spending goes to programs?
Windmill Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Windmill Foundation Inc located?
Windmill Foundation Inc is headquartered in Stamford, Connecticut and files with the IRS under EIN 133411161.
How many years of IRS 990 filings does Windmill Foundation Inc have?
Windmill Foundation Inc 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 $1.0M in total revenue.
How does Windmill Foundation Inc. cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue in recent years (e.g., $647,183 expenses vs. $503,643 revenue in 202402). It likely covers these deficits by drawing from its substantial asset base, which was $8,651,375 in 202402.
What is the nature of the $1 liability consistently reported by the organization?
The consistent reporting of a $1 liability from 2020 to 2024 is unusual and could represent a nominal placeholder or a specific, minor accounting entry. Further detail from the full 990 filing would be needed to understand its exact nature.
What is the organization's NTEE code and primary program activities?
The NTEE code is currently unknown from the provided data, making it difficult to ascertain the organization's specific mission and primary program activities without reviewing the full IRS 990 form.
Filing History
IRS 990 filing history for Windmill Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Windmill Foundation Inc's revenue has grown by 2.1%, moving from $493K to $504K. Total assets increased by 4.2% over the same period, from $8.3M to $8.7M. Total functional expenses rose by 29.2%, from $501K to $647K. In its most recent filing year (2024), Windmill Foundation Inc reported a deficit of $144K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $504K | $647K | $8.7M | $1 | — | — |
| 2023 | $328K | $723K | $8.8M | $1 | — | View 990 |
| 2022 | $478K | $649K | $9.2M | $1 | — | View 990 |
| 2021 | $510K | $647K | $9.4M | $1 | — | — |
| 2020 | $423K | $648K | $9.5M | $1 | — | View 990 |
| 2016 | $1.7M | $597K | $9.4M | $0 | — | View 990 |
| 2015 | $693K | $599K | $8.4M | $0 | — | View 990 |
| 2014 | $558K | $534K | $8.3M | $0 | — | View 990 |
| 2013 | $552K | $584K | $8.3M | $0 | — | View 990 |
| 2012 | $493K | $501K | $8.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $504K, expenses of $647K, and assets of $8.7M (revenue +53.7% year-over-year).
- 2023: Revenue of $328K, expenses of $723K, and assets of $8.8M (revenue -31.5% year-over-year).
- 2022: Revenue of $478K, expenses of $649K, and assets of $9.2M (revenue -6.2% year-over-year).
- 2021: Revenue of $510K, expenses of $647K, and assets of $9.4M (revenue +20.4% year-over-year).
- 2020: Revenue of $423K, expenses of $648K, and assets of $9.5M (revenue -74.4% year-over-year).
- 2016: Revenue of $1.7M, expenses of $597K, and assets of $9.4M (revenue +138.8% year-over-year).
- 2015: Revenue of $693K, expenses of $599K, and assets of $8.4M (revenue +24.1% year-over-year).
- 2014: Revenue of $558K, expenses of $534K, and assets of $8.3M (revenue +1.1% year-over-year).
- 2013: Revenue of $552K, expenses of $584K, and assets of $8.3M (revenue +11.9% year-over-year).
- 2012: Revenue of $493K, expenses of $501K, and assets of $8.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Windmill Foundation Inc:
Data Sources and Methodology
This transparency report for Windmill 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.