Wolstencroft Family Foundation
Wolstencroft Family Foundation maintains stable assets and zero officer compensation amidst fluctuating revenues.
EIN: 133976344 · Edison, NJ · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| Net Assets | $17.3M |
| Transparency Score | 92/100 |
Is Wolstencroft Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wolstencroft Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wolstencroft Family Foundation
Wolstencroft Family Foundation (EIN: 133976344) is a nonprofit organization based in Edison, NJ, classified under NTEE code B82. The organization reported total revenue of $2.4M and total assets of $16.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wolstencroft Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wolstencroft Family Foundation is a mid-size nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $943K |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-561,987 |
| Total Assets | $17.3M |
| Total Liabilities | $1 |
| Net Assets | $17.3M |
| Operating Margin | -59.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 137.7 months |
Financial Health Grade: B
In 2023, Wolstencroft Family Foundation reported a deficit of $562K with expenses exceeding revenue, holds 137.7 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 (2011–2023), Wolstencroft Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.9% | +0.0% | -3.2% |
| 2022 | -30.8% | -3.9% | +3.4% |
| 2021 | +44.8% | +11.4% | +7.1% |
| 2020 | +285.3% | +11.4% | -3.7% |
| 2019 | -66.7% | +13.2% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Wolstencroft Family Foundation with a Mission Score of 92 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, Wolstencroft Family Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $562K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Wolstencroft Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership serves on a volunteer basis, which is highly favorable for directing funds towards its mission.
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 Wolstencroft Family Foundation's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($1,504,618 vs $942,631), requiring drawdowns from assets or prior surpluses.
Strengths
The following positive indicators were identified for Wolstencroft Family Foundation:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Maintains a substantial asset base (over $16 million) providing long-term financial stability.
- Minimal liabilities ($0 or $1 reported in most filings) demonstrating strong financial health.
- Consistent IRS 990 filing history (10 filings) indicates strong transparency and compliance.
Frequently Asked Questions about Wolstencroft Family Foundation
Is Wolstencroft Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wolstencroft Family Foundation (EIN: 133976344) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Wolstencroft Family Foundation spend its money?
Wolstencroft Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wolstencroft Family Foundation tax-deductible?
Wolstencroft Family Foundation is registered as a tax-exempt nonprofit (EIN: 133976344). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Wolstencroft Family Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Wolstencroft Family Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wolstencroft Family Foundation located?
Wolstencroft Family Foundation is headquartered in Edison, New Jersey and files with the IRS under EIN 133976344. It is classified under NTEE code B82.
How many years of IRS 990 filings does Wolstencroft Family Foundation have?
Wolstencroft 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 $2.4M in total revenue.
Is the Wolstencroft Family Foundation financially stable?
Yes, the foundation appears financially stable, maintaining a substantial asset base of over $16 million, despite annual revenue fluctuations. Its liabilities are consistently minimal, often $0 or $1, indicating a healthy balance sheet.
How does the foundation manage its leadership costs?
The foundation manages its leadership costs exceptionally well, reporting 0% officer compensation in all available filings, meaning its officers are volunteers and no funds are spent on executive salaries.
What is the trend in the foundation's expenses?
The foundation's expenses have shown a gradual upward trend over the past decade, increasing from $780,608 in 2011 to $1,504,618 in 2023, reflecting potentially increased programmatic activity or operational costs.
Does the foundation rely on a consistent revenue stream?
No, the foundation's revenue stream appears inconsistent, with annual revenues fluctuating significantly from $256,834 in 2014 to $3,018,982 in 2021, suggesting reliance on variable funding sources or investment returns.
Filing History
IRS 990 filing history for Wolstencroft Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wolstencroft Family Foundation's revenue has declined by 23%, moving from $1.2M to $943K. Total assets decreased by 3.7% over the same period, from $17.9M to $17.3M. Total functional expenses rose by 92.7%, from $781K to $1.5M. In its most recent filing year (2023), Wolstencroft Family Foundation reported a deficit of $562K, with expenses exceeding revenue. The organization holds $1 in liabilities against $17.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $943K | $1.5M | $17.3M | $1 | — | View 990 |
| 2022 | $2.1M | $1.5M | $17.8M | $1 | — | View 990 |
| 2021 | $3.0M | $1.6M | $17.2M | $1 | — | View 990 |
| 2020 | $2.1M | $1.4M | $16.1M | $1 | — | — |
| 2019 | $541K | $1.3M | $16.7M | $1 | — | View 990 |
| 2015 | $1.6M | $1.1M | $18.0M | $0 | — | View 990 |
| 2014 | $257K | $776K | $17.5M | $0 | — | View 990 |
| 2013 | $1.1M | $802K | $18.0M | $0 | — | View 990 |
| 2012 | $1.4M | $797K | $17.7M | $0 | — | View 990 |
| 2011 | $1.2M | $781K | $17.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $943K, expenses of $1.5M, and assets of $17.3M (revenue -54.9% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.5M, and assets of $17.8M (revenue -30.8% year-over-year).
- 2021: Revenue of $3.0M, expenses of $1.6M, and assets of $17.2M (revenue +44.8% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.4M, and assets of $16.1M (revenue +285.3% year-over-year).
- 2019: Revenue of $541K, expenses of $1.3M, and assets of $16.7M (revenue -66.7% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.1M, and assets of $18.0M (revenue +532.9% year-over-year).
- 2014: Revenue of $257K, expenses of $776K, and assets of $17.5M (revenue -77.1% year-over-year).
- 2013: Revenue of $1.1M, expenses of $802K, and assets of $18.0M (revenue -21.9% year-over-year).
- 2012: Revenue of $1.4M, expenses of $797K, and assets of $17.7M (revenue +17.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $781K, and assets of $17.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wolstencroft Family Foundation:
Data Sources and Methodology
This transparency report for Wolstencroft 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.