Wpl Foundation
Wpl Foundation consistently spends significantly more than its reported annual revenue, drawing on substantial assets.
EIN: 202514470 · Kalamazoo, MI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.9M |
| Total Expenses | $1.8M |
| Program Spending | 70% |
| Net Assets | $17.9M |
| Transparency Score | 60/100 |
Is Wpl Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wpl Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Wpl Foundation
Wpl Foundation (EIN: 202514470) is a nonprofit organization based in Kalamazoo, MI, classified under NTEE code T22. The organization reported total revenue of $6.9M and total assets of $17.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wpl Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wpl Foundation is a mid-size nonprofit that has been operating for 21 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 127.2%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $460K |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-1,383,717 |
| Total Assets | $17.9M |
| Total Liabilities | $1 |
| Net Assets | $17.9M |
| Operating Margin | -300.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 116.6 months |
Financial Health Grade: B
In 2020, Wpl Foundation reported a deficit of $1.4M with expenses exceeding revenue, holds 116.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Wpl Foundation's revenue has grown at a compound annual growth rate (CAGR) of 127.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +62.1% | +7.8% | -7.2% |
| 2019 | +94556.3% | +570380.3% | +1929565200.0% |
| 2015 | -2.0% | -2.0% | +0.0% |
| 2014 | +2.0% | +2.0% | +0.0% |
| 2013 | +3.8% | +3.8% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Wpl Foundation with a Mission Score of 60 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, Wpl Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting either a volunteer-led organization or that executive compensation is not categorized under 'Officer Comp' on the 990, which could impact transparency.
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 Wpl Foundation's IRS 990 filings:
- Consistent and significant deficit spending (expenses far exceeding reported revenue) in recent years, e.g., $1.8M expenses vs $460K revenue in 2020.
- Discrepancy between 'Latest Revenue' provided ($6,868,750) and detailed annual revenues in filing history (e.g., $460,378 in 2020), which requires clarification.
- Lack of reported officer compensation across all filings, which could indicate a lack of transparency regarding executive pay or an unusual operational structure for an organization with significant assets.
Strengths
The following positive indicators were identified for Wpl Foundation:
- Substantial asset base ($17,911,936 in 2020) provides financial stability and capacity for long-term operations.
- Low liabilities ($1 in 2020 and 2019) indicate a healthy balance sheet with minimal debt.
Frequently Asked Questions about Wpl Foundation
Is Wpl Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wpl Foundation (EIN: 202514470) some concerns. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.
How does Wpl Foundation spend its money?
Wpl Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wpl Foundation tax-deductible?
Wpl Foundation is registered as a tax-exempt nonprofit (EIN: 202514470). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wpl Foundation's spending goes to programs?
Wpl Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Wpl Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Wpl Foundation 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 Wpl Foundation located?
Wpl Foundation is headquartered in Kalamazoo, Michigan and files with the IRS under EIN 202514470. It is classified under NTEE code T22.
How many years of IRS 990 filings does Wpl Foundation have?
Wpl Foundation has 7 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 $6.9M in total revenue.
Why does the Wpl Foundation consistently report expenses significantly higher than its revenue?
The organization's expenses were $1,844,095 in 2020 against $460,378 in revenue, and $1,711,441 in 2019 against $283,969 in revenue. This suggests the organization is likely utilizing investment income or drawing from its substantial asset base ($17,911,936 in 2020) to cover operational costs, rather than relying solely on annual contributions.
What is the source of the Wpl Foundation's substantial assets?
The filings show assets of $17,911,936 in 2020 and $19,295,653 in 2019. Given the low reported annual revenues in recent years, these assets likely stem from significant past donations, endowments, or investment growth over time, rather than recent fundraising efforts.
Why is there no officer compensation reported for the Wpl Foundation?
All seven filings indicate 0% officer compensation. This could mean the organization is entirely volunteer-run at the executive level, or that compensation for key personnel is structured differently and not reported under the 'Officer Comp' line item on the IRS 990.
How does the 'Latest Revenue' of $6,868,750 reconcile with the detailed filing history?
The provided 'Latest Revenue' figure of $6,868,750 is significantly higher than any annual revenue reported in the detailed filing history (e.g., $460,378 in 2020). This discrepancy needs clarification to accurately assess the organization's current financial inflows.
Filing History
IRS 990 filing history for Wpl Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Wpl Foundation's revenue has grown by 161436.1%, moving from $285 to $460K. Total assets increased by 1791193500% over the same period, from $1 to $17.9M. Total functional expenses rose by 646950.9%, from $285 to $1.8M. In its most recent filing year (2020), Wpl Foundation reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $17.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $460K | $1.8M | $17.9M | $1 | — | — |
| 2019 | $284K | $1.7M | $19.3M | $1 | — | View 990 |
| 2015 | $300 | $300 | $1 | $1 | — | View 990 |
| 2014 | $306 | $306 | $1 | $1 | — | View 990 |
| 2013 | $300 | $300 | $1 | $1 | — | View 990 |
| 2012 | $289 | $289 | $1 | $1 | — | View 990 |
| 2011 | $285 | $285 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $460K, expenses of $1.8M, and assets of $17.9M (revenue +62.1% year-over-year).
- 2019: Revenue of $284K, expenses of $1.7M, and assets of $19.3M (revenue +94556.3% year-over-year).
- 2015: Revenue of $300, expenses of $300, and assets of $1 (revenue -2.0% year-over-year).
- 2014: Revenue of $306, expenses of $306, and assets of $1 (revenue +2.0% year-over-year).
- 2013: Revenue of $300, expenses of $300, and assets of $1 (revenue +3.8% year-over-year).
- 2012: Revenue of $289, expenses of $289, and assets of $1 (revenue +1.4% year-over-year).
- 2011: Revenue of $285, expenses of $285, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wpl Foundation:
Data Sources and Methodology
This transparency report for Wpl 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.