Wright Family Foundation Inc
Wright Family Foundation consistently distributes grants with zero officer compensation and fluctuating investment income.
EIN: 141798255 · Schenectady, NY · NTEE: T22Z · Updated: 2026-03-28
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Wright Family Foundation Inc is mapped to EIN 141798255.
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| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $1.7M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $14.7M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Wright Family Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Wright Family Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Wright Family Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $2.8M and expenses of $1.7M.
Revenue and Expenses
Wright Family Foundation Inc reported $2.8M in revenue and $1.7M in expenses, a surplus of $1.0M.
Executive Compensation
Top officer compensation appears as $20 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
Is Wright Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.7M (95%) |
Across stored filings, Wright Family Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 95% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Philanthropy context |
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Wright Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wright Family Foundation Inc
Wright Family Foundation Inc (EIN: 141798255) is a nonprofit organization based in Schenectady, NY, classified under NTEE code T22Z. The organization reported total revenue of $5.7M and total assets of $23.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wright Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wright Family Foundation Inc is a mid-size nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $19.3M |
| Total Liabilities | $4.6M |
| Net Assets | $14.7M |
| Operating Margin | 37.0% |
| Debt-to-Asset Ratio | 23.7% |
| Months of Reserves | 132.9 months |
Financial Health Grade: A
In 2023, Wright Family Foundation Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 132.9 months of operating reserves (strong position), has a debt-to-asset ratio of 23.7% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wright Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -166.7% | -67.9% | -18.4% |
| 2021 | +136.5% | -65.7% | +7.0% |
| 2020 | +139.6% | +487.1% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Wright Family Foundation Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Wright Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly efficient for a foundation of its size with assets around $20 million.
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 Wright Family Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency.
- Substantial and stable asset base (around $20 million) for long-term impact.
- Consistent filing of IRS 990s, demonstrating transparency.
- Low administrative overhead relative to assets and grantmaking activities.
Frequently Asked Questions about Wright Family Foundation Inc
Is Wright Family Foundation Inc a legitimate charity?
Wright Family Foundation Inc (EIN: 141798255) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.7M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Wright Family Foundation Inc spend its money?
Wright Family Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Wright Family Foundation Inc tax-deductible?
Wright Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141798255). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wright Family Foundation Inc CEO make?
Wright Family Foundation Inc's highest-compensated officer earns $20 annually. The organization reported $5.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Wright Family Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Wright Family Foundation Inc is above average for NTEE category T22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wright Family Foundation Inc located?
Wright Family Foundation Inc is headquartered in Schenectady, New York and files with the IRS under EIN 141798255. It is classified under NTEE code T22Z.
How many years of IRS 990 filings does Wright Family Foundation Inc have?
Wright Family Foundation Inc 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 $5.7M in total revenue.
Is Wright Family Foundation Inc. a good charity?
Based on the available data, the Wright Family Foundation Inc. appears to be a highly efficient grantmaking organization. Its consistent reporting of 0% officer compensation and relatively low expenses compared to its asset base suggest that nearly all funds are directed towards its programmatic mission. The foundation's financial stability, with assets consistently around $20 million, further supports its capacity for sustained philanthropic impact.
How does the foundation manage its expenses?
The foundation manages its expenses very efficiently. For example, in 202309, with revenue of $2,769,339, expenses were $1,743,515. More notably, officer compensation is consistently reported as 0%, indicating a very lean administrative structure and a strong focus on direct program spending.
Why does the foundation sometimes report negative revenue?
Negative revenue, such as -$2,856,258 in 202209, is common for foundations that primarily derive income from investments. This can occur during periods of market downturns where investment losses exceed any gains or other income received.
Filing History
IRS 990 filing history for Wright Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wright Family Foundation Inc's revenue has grown by 903.1%, moving from $276K to $2.8M. Total assets increased by 1.2% over the same period, from $19.1M to $19.3M. Total functional expenses rose by 0.4%, from $1.7M to $1.7M. In its most recent filing year (2023), Wright Family Foundation Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $4.6M in liabilities against $19.3M in assets (debt-to-asset ratio: 23.7%), resulting in net assets of $14.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $1.7M | $19.3M | $4.6M | — | View 990 |
| 2022 | $-2,856,258 | $646K | $17.4M | $3.7M | — | View 990 |
| 2021 | $4.3M | $2.0M | $21.4M | $4.1M | — | View 990 |
| 2020 | $1.8M | $5.9M | $20.0M | $5.0M | — | View 990 |
| 2019 | $756K | $1.0M | $21.1M | $2.1M | — | View 990 |
| 2015 | $-172,894 | $1.2M | $19.6M | $794K | — | View 990 |
| 2014 | $1.9M | $1.2M | $21.0M | $775K | — | View 990 |
| 2013 | $1.4M | $1.2M | $21.0M | $1.5M | — | View 990 |
| 2012 | $3.6M | $2.2M | $21.5M | $2.2M | — | View 990 |
| 2011 | $276K | $1.7M | $19.1M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $1.7M, and assets of $19.3M.
- 2022: Revenue of $-2,856,258, expenses of $646K, and assets of $17.4M (revenue -166.7% year-over-year).
- 2021: Revenue of $4.3M, expenses of $2.0M, and assets of $21.4M (revenue +136.5% year-over-year).
- 2020: Revenue of $1.8M, expenses of $5.9M, and assets of $20.0M (revenue +139.6% year-over-year).
- 2019: Revenue of $756K, expenses of $1.0M, and assets of $21.1M.
- 2015: Revenue of $-172,894, expenses of $1.2M, and assets of $19.6M (revenue -108.9% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.2M, and assets of $21.0M (revenue +42.6% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.2M, and assets of $21.0M (revenue -62.5% year-over-year).
- 2012: Revenue of $3.6M, expenses of $2.2M, and assets of $21.5M (revenue +1209.1% year-over-year).
- 2011: Revenue of $276K, expenses of $1.7M, and assets of $19.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wright Family Foundation Inc:
Data Sources and Methodology
This transparency report for Wright Family Foundation Inc 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.