Witkop Foundation Incorporated
EIN: 823454026 · Sand Springs, OK · NTEE: W30
| Metric | Value |
|---|---|
| Total Revenue | $131K |
| Total Expenses | $155K |
| Net Assets | $30K |
Is Witkop Foundation Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Witkop Foundation Incorporated
Witkop Foundation Incorporated (EIN: 823454026) is a nonprofit organization based in Sand Springs, OK, classified under NTEE code W30. The organization reported total revenue of $131K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Witkop Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Witkop Foundation Incorporated is a small nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 95.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $155K |
| Total Expenses | $155K |
| Surplus / Deficit | +$338 |
| Total Assets | $38K |
| Total Liabilities | $9K |
| Net Assets | $30K |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 2.9 months |
Financial Health Grade: A
In 2023, Witkop Foundation Incorporated reported a surplus of $338 with revenue exceeding expenses, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 6 years of filings (2017–2023), Witkop Foundation Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 95.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +58.1% | +78.3% | -8.8% |
| 2022 | +109.6% | +105.0% | +37.9% |
| 2021 | +16.2% | +5.0% | +36.5% |
| 2020 | -46.3% | -35.5% | -11.1% |
| 2018 | +2631.3% | +22656.0% | +906.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Witkop Foundation Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Witkop Foundation Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $338, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.4%.
Frequently Asked Questions about Witkop Foundation Incorporated
Is Witkop Foundation Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Witkop Foundation Incorporated (EIN: 823454026) insufficient data. 0 red flags identified, 0 strengths noted.
How does Witkop Foundation Incorporated spend its money?
Detailed spending breakdown data is not yet available for Witkop Foundation Incorporated. Check back for updated IRS 990 analysis.
Are donations to Witkop Foundation Incorporated tax-deductible?
Witkop Foundation Incorporated is registered as a tax-exempt nonprofit (EIN: 823454026). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Witkop Foundation Incorporated located?
Witkop Foundation Incorporated is headquartered in Sand Springs, Oklahoma and files with the IRS under EIN 823454026. It is classified under NTEE code W30.
How many years of IRS 990 filings does Witkop Foundation Incorporated have?
Witkop Foundation Incorporated has 6 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 $131K in total revenue.
Filing History
IRS 990 filing history for Witkop Foundation Incorporated showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2017–2023), Witkop Foundation Incorporated's revenue has grown by 5548.9%, moving from $3K to $155K. Total assets increased by 1436.5% over the same period, from $2K to $38K. Total functional expenses rose by 56265.8%, from $275 to $155K. In its most recent filing year (2023), Witkop Foundation Incorporated reported a surplus of $338, with revenue exceeding expenses. The organization holds $9K in liabilities against $38K in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $155K | $155K | $38K | $9K | — | — |
| 2022 | $98K | $87K | $42K | $13K | — | View 990 |
| 2021 | $47K | $42K | $30K | $12K | — | View 990 |
| 2020 | $40K | $40K | $22K | $9K | — | View 990 |
| 2018 | $75K | $63K | $25K | $10K | — | — |
| 2017 | $3K | $275 | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $155K, expenses of $155K, and assets of $38K (revenue +58.1% year-over-year).
- 2022: Revenue of $98K, expenses of $87K, and assets of $42K (revenue +109.6% year-over-year).
- 2021: Revenue of $47K, expenses of $42K, and assets of $30K (revenue +16.2% year-over-year).
- 2020: Revenue of $40K, expenses of $40K, and assets of $22K (revenue -46.3% year-over-year).
- 2018: Revenue of $75K, expenses of $63K, and assets of $25K (revenue +2631.3% year-over-year).
- 2017: Revenue of $3K, expenses of $275, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Witkop Foundation Incorporated:
Data Sources and Methodology
This transparency report for Witkop Foundation Incorporated 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.