Wolff Family Foundation
Wolff Family Foundation shows volatile finances with recent deficit spending and declining assets.
EIN: 207190926 · Spokane, WA · NTEE: P12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $457K |
| Total Expenses | $726K |
| Program Spending | 70% |
| Net Assets | $68K |
| Transparency Score | 65/100 |
Is Wolff Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wolff Family Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Wolff Family Foundation
Wolff Family Foundation (EIN: 207190926) is a nonprofit organization based in Spokane, WA, classified under NTEE code P12. The organization reported total revenue of $457K and total assets of $261K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wolff Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wolff Family Foundation is a small nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 105.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $546K |
| Total Expenses | $726K |
| Surplus / Deficit | $-180,619 |
| Total Assets | $68K |
| Total Liabilities | $1 |
| Net Assets | $68K |
| Operating Margin | -33.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.1 months |
Financial Health Grade: C
In 2023, Wolff Family Foundation reported a deficit of $181K with expenses exceeding revenue, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wolff Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 105.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.2% | +28.9% | -72.5% |
| 2022 | -49.7% | +100.2% | -47.0% |
| 2021 | +198.4% | +23.2% | +579.9% |
| 2020 | -79.6% | -78.3% | +0.2% |
| 2019 | +61.9% | +53.1% | +122.2% |
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 Wolff Family Foundation with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Wolff Family Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $181K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or directors are receiving salaries from the foundation, which is a strong positive for resource allocation.
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 Wolff Family Foundation's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2022 and 2023)
- Significant decline in assets from $469,731 in 2021 to $68,385 in 2023
- Highly volatile revenue streams over the past decade
Strengths
The following positive indicators were identified for Wolff Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership
- Consistent filing of IRS 990s, demonstrating transparency
- No reported liabilities in most filing periods, suggesting good financial management of debt
Frequently Asked Questions about Wolff Family Foundation
Is Wolff Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wolff Family Foundation (EIN: 207190926) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Wolff Family Foundation spend its money?
Wolff Family Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wolff Family Foundation tax-deductible?
Wolff Family Foundation is registered as a tax-exempt nonprofit (EIN: 207190926). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wolff Family Foundation's spending goes to programs?
Wolff Family Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Wolff Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Wolff Family Foundation is above average for NTEE category P12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wolff Family Foundation located?
Wolff Family Foundation is headquartered in Spokane, Washington and files with the IRS under EIN 207190926. It is classified under NTEE code P12.
How many years of IRS 990 filings does Wolff Family Foundation have?
Wolff Family 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 $457K in total revenue.
Why have expenses frequently exceeded revenue in recent years?
In 2023, expenses were $726,324 against revenue of $545,705, and in 2022, expenses were $563,601 against revenue of $342,874. This consistent deficit spending suggests the foundation is either drawing down reserves or experiencing inconsistent funding.
What caused the significant drop in assets from $469,731 in 2021 to $68,385 in 2023?
The substantial decrease in assets is likely due to the foundation spending more than it received in revenue in both 2022 and 2023, as evidenced by the reported deficits in those years.
How does the foundation sustain its operations with fluctuating revenue?
The foundation appears to manage its operations by utilizing accumulated assets during periods of lower revenue or higher expenses, as seen in the asset decline following periods of deficit spending.
Filing History
IRS 990 filing history for Wolff Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wolff Family Foundation's revenue has grown by 568342.7%, moving from $96 to $546K. Total assets decreased by 28.6% over the same period, from $96K to $68K. In its most recent filing year (2023), Wolff Family Foundation reported a deficit of $181K, with expenses exceeding revenue. The organization holds $1 in liabilities against $68K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $68K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $546K | $726K | $68K | $1 | — | — |
| 2022 | $343K | $564K | $249K | $1 | — | View 990 |
| 2021 | $682K | $282K | $470K | $1 | — | View 990 |
| 2020 | $229K | $229K | $69K | $1 | — | View 990 |
| 2019 | $1.1M | $1.1M | $69K | $1 | — | View 990 |
| 2015 | $691K | $688K | $31K | $0 | — | View 990 |
| 2014 | $24K | $12K | $28K | $0 | — | View 990 |
| 2013 | $81 | $79K | $16K | $0 | — | View 990 |
| 2012 | $96 | $2 | $96K | $0 | — | View 990 |
| 2011 | $96 | $0 | $96K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $546K, expenses of $726K, and assets of $68K (revenue +59.2% year-over-year).
- 2022: Revenue of $343K, expenses of $564K, and assets of $249K (revenue -49.7% year-over-year).
- 2021: Revenue of $682K, expenses of $282K, and assets of $470K (revenue +198.4% year-over-year).
- 2020: Revenue of $229K, expenses of $229K, and assets of $69K (revenue -79.6% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $69K (revenue +61.9% year-over-year).
- 2015: Revenue of $691K, expenses of $688K, and assets of $31K (revenue +2839.0% year-over-year).
- 2014: Revenue of $24K, expenses of $12K, and assets of $28K (revenue +28921.0% year-over-year).
- 2013: Revenue of $81, expenses of $79K, and assets of $16K (revenue -15.6% year-over-year).
- 2012: Revenue of $96, expenses of $2, and assets of $96K (revenue +0.0% year-over-year).
- 2011: Revenue of $96, expenses of $0, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wolff Family Foundation:
Data Sources and Methodology
This transparency report for Wolff Family 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.