Wright Foundation Inc
Wright Foundation Inc. maintains substantial assets and stable expenses with zero reported officer compensation amidst fluctuating revenues.
EIN: 134141287 · Greenwich, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.4M |
| Total Expenses | $1.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $20.9M |
| Transparency Score | 85/100 |
Is Wright Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wright Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wright Foundation Inc
Wright Foundation Inc (EIN: 134141287) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T22. The organization reported total revenue of $7.4M and total assets of $21.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wright Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wright Foundation Inc is a mid-size nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-294,984 |
| Total Assets | $20.9M |
| Total Liabilities | $1 |
| Net Assets | $20.9M |
| Operating Margin | -22.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.5 months |
Financial Health Grade: B
In 2023, Wright Foundation Inc reported a deficit of $295K with expenses exceeding revenue, holds 157.5 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), Wright Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.1% | -0.5% | -1.4% |
| 2022 | -38.9% | +7.3% | +5.0% |
| 2020 | -101.0% | -6.9% | -7.9% |
| 2019 | +264.9% | +17.3% | +19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Foundation Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Wright Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $295K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Wright Foundation Inc. consistently reports $0 in officer compensation across all ten available IRS 990 filings, which is highly unusual for an organization with over $20 million in assets and annual expenses exceeding $1 million. This suggests either a completely volunteer-run executive leadership or that executive compensation is being reported in a manner not immediately identifiable as 'officer compensation' 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 Wright Foundation Inc's IRS 990 filings:
- Consistent $0 reported officer compensation for an organization of this size, which may obscure actual executive remuneration.
- Significant revenue volatility, including negative revenue in 2020, indicating potentially unstable funding sources.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided summary, hindering precise efficiency assessment.
Strengths
The following positive indicators were identified for Wright Foundation Inc:
- Strong asset growth, with assets more than doubling from $10 million in 2011 to over $20 million currently.
- Minimal liabilities reported across all filings, indicating strong financial health and low debt.
- Consistent and controlled expense levels, demonstrating effective cost management despite revenue fluctuations.
Frequently Asked Questions about Wright Foundation Inc
Is Wright Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wright Foundation Inc (EIN: 134141287) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Wright Foundation Inc spend its money?
Wright Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wright Foundation Inc tax-deductible?
Wright Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134141287). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wright Foundation Inc CEO make?
Wright Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $7.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wright Foundation Inc's spending goes to programs?
Wright Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wright Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wright Foundation Inc 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 Wright Foundation Inc located?
Wright Foundation Inc is headquartered in Greenwich, Connecticut and files with the IRS under EIN 134141287. It is classified under NTEE code T22.
How many years of IRS 990 filings does Wright Foundation Inc have?
Wright 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 $7.4M in total revenue.
How does Wright Foundation Inc. manage to operate with $0 reported officer compensation?
The consistent reporting of $0 officer compensation across all filings suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within the financial statements, which would require further investigation into their detailed expense breakdowns.
What caused the negative revenue reported in 2020?
The filing for Period 202012 shows revenue of $-38,004. This could be due to significant investment losses, returns of grants, or accounting adjustments, and would require reviewing the specific Form 990 for that year to understand the exact cause.
What are the primary sources of the organization's revenue, given its fluctuations?
The significant year-to-year revenue fluctuations (e.g., $5.8M in 2014, -$38K in 2020, $1.3M in 2023) suggest a reliance on variable funding sources such as large grants, investment income, or specific fundraising campaigns, rather than consistent, broad-based public support. A deeper dive into Schedule A of the 990 would clarify this.
How does the organization ensure its long-term financial stability with such volatile revenue?
Despite revenue volatility, the organization has consistently grown its assets, from $10 million in 2011 to over $20 million currently, and maintained relatively stable expenses. This suggests strong asset management and potentially a significant endowment or investment portfolio that helps buffer operational costs during low-revenue periods.
Filing History
IRS 990 filing history for Wright Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wright Foundation Inc's revenue has grown by 45.5%, moving from $893K to $1.3M. Total assets increased by 108.5% over the same period, from $10.0M to $20.9M. Total functional expenses rose by 111.2%, from $755K to $1.6M. In its most recent filing year (2023), Wright Foundation Inc reported a deficit of $295K, with expenses exceeding revenue. The organization holds $1 in liabilities against $20.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.6M | $20.9M | $1 | — | — |
| 2022 | $2.6M | $1.6M | $21.2M | $1 | — | View 990 |
| 2021 | $4.3M | $1.5M | $20.2M | $1 | — | — |
| 2020 | $-38,004 | $1.4M | $17.4M | $1 | — | — |
| 2019 | $3.6M | $1.6M | $18.9M | $0 | — | View 990 |
| 2015 | $1000K | $1.3M | $15.8M | $0 | — | View 990 |
| 2014 | $5.8M | $968K | $16.1M | $0 | — | View 990 |
| 2013 | $1.9M | $742K | $11.3M | $0 | — | View 990 |
| 2012 | $760K | $721K | $10.1M | $0 | — | View 990 |
| 2011 | $893K | $755K | $10.0M | $146 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.6M, and assets of $20.9M (revenue -50.1% year-over-year).
- 2022: Revenue of $2.6M, expenses of $1.6M, and assets of $21.2M (revenue -38.9% year-over-year).
- 2021: Revenue of $4.3M, expenses of $1.5M, and assets of $20.2M.
- 2020: Revenue of $-38,004, expenses of $1.4M, and assets of $17.4M (revenue -101.0% year-over-year).
- 2019: Revenue of $3.6M, expenses of $1.6M, and assets of $18.9M (revenue +264.9% year-over-year).
- 2015: Revenue of $1000K, expenses of $1.3M, and assets of $15.8M (revenue -82.8% year-over-year).
- 2014: Revenue of $5.8M, expenses of $968K, and assets of $16.1M (revenue +202.5% year-over-year).
- 2013: Revenue of $1.9M, expenses of $742K, and assets of $11.3M (revenue +153.0% year-over-year).
- 2012: Revenue of $760K, expenses of $721K, and assets of $10.1M (revenue -14.8% year-over-year).
- 2011: Revenue of $893K, expenses of $755K, and assets of $10.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wright Foundation Inc:
Data Sources and Methodology
This transparency report for Wright 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.