Wolf Charitable Foundation
Wolf Charitable Foundation faces persistent negative revenue despite substantial assets.
EIN: 208069029 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $347 |
| Total Expenses | $20K |
| Program Spending | 75% |
| Net Assets | $207K |
| Transparency Score | 45/100 |
Is Wolf Charitable Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wolf Charitable Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wolf Charitable Foundation
Wolf Charitable Foundation (EIN: 208069029) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $347 and total assets of $431K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wolf Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wolf Charitable Foundation is a micro nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -434.8% | -15.6% | -13.8% |
| 2019 | -51.3% | +109.5% | +20.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Wolf Charitable Foundation with a Mission Score of 45 out of 100 (Fair). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Wolf Charitable Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that no officers receive salaries from the foundation, which is a positive for resource allocation given its asset size.
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 Wolf Charitable Foundation's IRS 990 filings:
- Consistent negative revenue in recent years (e.g., -$3,387 in 2023, -$116,136 in 2022), indicating unsustainable spending.
- Significant expenses relative to reported revenue, leading to operational deficits.
- Asset base has shown volatility, with a notable drop from $423,333 in 2019 to $207,317 in 2023, before a recent increase.
Strengths
The following positive indicators were identified for Wolf Charitable Foundation:
- Consistently reports 0% officer compensation, indicating no executive salaries.
- Maintains very low liabilities across all reported periods ($0 or $1), suggesting good debt management.
- Possesses a substantial asset base ($431,045) which provides a buffer despite negative revenue trends.
Frequently Asked Questions about Wolf Charitable Foundation
Is Wolf Charitable Foundation a legitimate charity?
Wolf Charitable Foundation (EIN: 208069029) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $347. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Wolf Charitable Foundation spend its money?
Wolf Charitable Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Wolf Charitable Foundation tax-deductible?
Wolf Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 208069029). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wolf Charitable Foundation's spending goes to programs?
Wolf Charitable Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wolf Charitable Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Wolf Charitable Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wolf Charitable Foundation located?
Wolf Charitable Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208069029. It is classified under NTEE code T20.
How many years of IRS 990 filings does Wolf Charitable Foundation have?
Wolf Charitable 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 $347 in total revenue.
Is Wolf Charitable Foundation financially sustainable?
The foundation's financial sustainability is questionable due to consistent negative revenue in recent years (e.g., -$3,387 in 2023, -$116,136 in 2022), indicating it is spending more than it earns. It appears to be drawing down its assets to cover expenses.
How does the foundation fund its operations?
Given the recurring negative revenue and significant expenses, the foundation appears to be funding its operations by liquidating or drawing from its substantial asset base, which was $431,045 in the latest period.
What is the trend in the foundation's assets?
The foundation's assets have fluctuated, showing a general decline from a high of $423,333 in 2019 to $207,317 in 2023, before rebounding to $431,045 in the latest period. This fluctuation, especially the recent increase, warrants further investigation into its source.
Filing History
IRS 990 filing history for Wolf Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wolf Charitable Foundation's revenue has declined by 109.2%, moving from $37K to $-3,387. Total assets decreased by 3% over the same period, from $214K to $207K. Total functional expenses fell by 47.5%, from $38K to $20K. The organization holds $1 in liabilities against $207K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $207K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-3,387 | $20K | $207K | $1 | — | — |
| 2022 | $-116,136 | $26K | $212K | $1 | — | View 990 |
| 2021 | $-26,420 | $16K | $354K | $1 | — | View 990 |
| 2020 | $-19,448 | $31K | $365K | $1 | — | — |
| 2019 | $6K | $37K | $423K | $0 | — | View 990 |
| 2015 | $12K | $18K | $350K | $1 | — | View 990 |
| 2014 | $5K | $20K | $356K | $1 | — | View 990 |
| 2013 | $-6,653 | $27K | $371K | $1 | — | View 990 |
| 2012 | $216K | $25K | $404K | $0 | — | View 990 |
| 2011 | $37K | $38K | $214K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-3,387, expenses of $20K, and assets of $207K.
- 2022: Revenue of $-116,136, expenses of $26K, and assets of $212K.
- 2021: Revenue of $-26,420, expenses of $16K, and assets of $354K.
- 2020: Revenue of $-19,448, expenses of $31K, and assets of $365K (revenue -434.8% year-over-year).
- 2019: Revenue of $6K, expenses of $37K, and assets of $423K (revenue -51.3% year-over-year).
- 2015: Revenue of $12K, expenses of $18K, and assets of $350K (revenue +121.3% year-over-year).
- 2014: Revenue of $5K, expenses of $20K, and assets of $356K.
- 2013: Revenue of $-6,653, expenses of $27K, and assets of $371K (revenue -103.1% year-over-year).
- 2012: Revenue of $216K, expenses of $25K, and assets of $404K (revenue +483.5% year-over-year).
- 2011: Revenue of $37K, expenses of $38K, and assets of $214K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wolf Charitable Foundation:
Data Sources and Methodology
This transparency report for Wolf Charitable 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.