Witz Mallinger Charitable Foundation 0400191300
Witz Mallinger Charitable Foundation maintains strong asset growth and zero executive compensation.
EIN: 206412740 · Chicago, IL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $101K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5,520,673 |
| Net Assets | $5.2M |
| Transparency Score | 95/100 |
Is Witz Mallinger Charitable Foundation 0400191300 Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Witz Mallinger Charitable Foundation 0400191300 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Witz Mallinger Charitable Foundation 0400191300
Witz Mallinger Charitable Foundation 0400191300 (EIN: 206412740) is a nonprofit organization based in Chicago, IL, classified under NTEE code T22. The organization reported total revenue of $1.7M and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Witz Mallinger Charitable Foundation 0400191300's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Witz Mallinger Charitable Foundation 0400191300 is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -5.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $101K |
| Surplus / Deficit | +$117K |
| Total Assets | $5.2M |
| Total Liabilities | $1 |
| Net Assets | $5.2M |
| Operating Margin | 53.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 617.3 months |
Financial Health Grade: A
In 2024, Witz Mallinger Charitable Foundation 0400191300 reported a surplus of $117K with revenue exceeding expenses, holds 617.3 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 (2011–2024), Witz Mallinger Charitable Foundation 0400191300's revenue has declined at a compound annual growth rate (CAGR) of -5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -60.2% | -71.7% | +2.3% |
| 2023 | +43.6% | -4.2% | +4.0% |
| 2022 | -49.3% | -25.8% | +0.4% |
| 2021 | +76.1% | +2.3% | +5.4% |
| 2020 | +65.0% | +96.6% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Witz Mallinger Charitable Foundation 0400191300 with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Witz Mallinger Charitable Foundation 0400191300 allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $117K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Witz Mallinger Charitable Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly unusual for an organization of its asset size ($5,520,673). This suggests a volunteer-led or extremely lean operational model.
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.
Strengths
The following positive indicators were identified for Witz Mallinger Charitable Foundation 0400191300:
- Consistent asset growth, from $4,685,850 in 2011 to $5,173,796 in 2024.
- Zero executive compensation reported across all filings, indicating high efficiency.
- Minimal liabilities (consistently $1 or $0), demonstrating strong financial health.
- Long history of IRS 990 filings (10 filings), indicating transparency.
- Expenses consistently below revenue in most recent periods, allowing for asset accumulation (e.g., 2024: Revenue $217,197, Expenses $100,579).
Frequently Asked Questions about Witz Mallinger Charitable Foundation 0400191300
Is Witz Mallinger Charitable Foundation 0400191300 a legitimate charity?
Witz Mallinger Charitable Foundation 0400191300 (EIN: 206412740) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Witz Mallinger Charitable Foundation 0400191300 spend its money?
Witz Mallinger Charitable Foundation 0400191300 directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Witz Mallinger Charitable Foundation 0400191300 tax-deductible?
Witz Mallinger Charitable Foundation 0400191300 is registered as a tax-exempt nonprofit (EIN: 206412740). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Witz Mallinger Charitable Foundation 0400191300 CEO make?
Witz Mallinger Charitable Foundation 0400191300's highest-compensated officer earns $5,520,673 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Witz Mallinger Charitable Foundation 0400191300 compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Witz Mallinger Charitable Foundation 0400191300 is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Witz Mallinger Charitable Foundation 0400191300 located?
Witz Mallinger Charitable Foundation 0400191300 is headquartered in Chicago, Illinois and files with the IRS under EIN 206412740. It is classified under NTEE code T22.
How many years of IRS 990 filings does Witz Mallinger Charitable Foundation 0400191300 have?
Witz Mallinger Charitable Foundation 0400191300 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 $1.7M in total revenue.
Is Witz Mallinger Charitable Foundation a good charity?
Based on the available financial data, the Witz Mallinger Charitable Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets and minimal liabilities, consistently reports zero executive compensation, and has a long history of transparent IRS 990 filings.
How does the foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation is either entirely volunteer-run at the executive level, or its operational costs are covered through other means not categorized as officer compensation, or it outsources management functions without direct executive salaries.
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent upward trend, growing from $4,685,850 in 2011 to $5,173,796 in 2024, and currently stand at $5,520,673, indicating strong financial stewardship and growth.
How stable is the foundation financially?
The foundation is highly financially stable, evidenced by its growing asset base, minimal liabilities (often just $1), and a history of expenses generally being well below revenue, allowing for consistent asset accumulation.
Filing History
IRS 990 filing history for Witz Mallinger Charitable Foundation 0400191300 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2024), Witz Mallinger Charitable Foundation 0400191300's revenue has declined by 54.8%, moving from $480K to $217K. Total assets increased by 10.4% over the same period, from $4.7M to $5.2M. Total functional expenses fell by 71.5%, from $353K to $101K. In its most recent filing year (2024), Witz Mallinger Charitable Foundation 0400191300 reported a surplus of $117K, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $217K | $101K | $5.2M | $1 | — | — |
| 2023 | $545K | $355K | $5.1M | $1 | — | View 990 |
| 2022 | $379K | $371K | $4.9M | $1 | — | View 990 |
| 2021 | $748K | $500K | $4.8M | $1 | — | View 990 |
| 2020 | $425K | $488K | $4.6M | $1 | — | View 990 |
| 2015 | $257K | $248K | $4.8M | $0 | — | View 990 |
| 2014 | $458K | $163K | $4.8M | $0 | — | View 990 |
| 2013 | $236K | $347K | $4.5M | $0 | — | View 990 |
| 2012 | $149K | $266K | $4.6M | $1 | — | View 990 |
| 2011 | $480K | $353K | $4.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $217K, expenses of $101K, and assets of $5.2M (revenue -60.2% year-over-year).
- 2023: Revenue of $545K, expenses of $355K, and assets of $5.1M (revenue +43.6% year-over-year).
- 2022: Revenue of $379K, expenses of $371K, and assets of $4.9M (revenue -49.3% year-over-year).
- 2021: Revenue of $748K, expenses of $500K, and assets of $4.8M (revenue +76.1% year-over-year).
- 2020: Revenue of $425K, expenses of $488K, and assets of $4.6M (revenue +65.0% year-over-year).
- 2015: Revenue of $257K, expenses of $248K, and assets of $4.8M (revenue -43.8% year-over-year).
- 2014: Revenue of $458K, expenses of $163K, and assets of $4.8M (revenue +93.9% year-over-year).
- 2013: Revenue of $236K, expenses of $347K, and assets of $4.5M (revenue +58.6% year-over-year).
- 2012: Revenue of $149K, expenses of $266K, and assets of $4.6M (revenue -68.9% year-over-year).
- 2011: Revenue of $480K, expenses of $353K, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Witz Mallinger Charitable Foundation 0400191300:
Data Sources and Methodology
This transparency report for Witz Mallinger Charitable Foundation 0400191300 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.