Wrightson Ramsing Foundation Inc
Wrightson Ramsing Foundation consistently spends more than it earns, drawing down assets, with no officer compensation reported.
EIN: 131967462 · Free Union, VA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $253K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Wrightson Ramsing Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wrightson Ramsing Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wrightson Ramsing Foundation Inc
Wrightson Ramsing Foundation Inc (EIN: 131967462) is a nonprofit organization based in Free Union, VA. The organization reported total revenue of $1.3M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wrightson Ramsing Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wrightson Ramsing Foundation Inc is a mid-size nonprofit that has been operating for 73 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $253K |
| Surplus / Deficit | $-80,167 |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | -46.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 69.0 months |
Financial Health Grade: B
In 2023, Wrightson Ramsing Foundation Inc reported a deficit of $80K with expenses exceeding revenue, holds 69.0 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), Wrightson Ramsing Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.6% | -1.4% | -3.6% |
| 2022 | -26.6% | -3.7% | -7.0% |
| 2021 | +20.6% | +2.6% | -5.6% |
| 2020 | -60.7% | +2.9% | -6.5% |
| 2019 | +88.7% | -1.5% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1953 |
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 Wrightson Ramsing 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Wrightson Ramsing Foundation Inc 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 $80K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization with assets exceeding $1 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.
Red Flags
The following concerns were identified during AI analysis of Wrightson Ramsing Foundation Inc's IRS 990 filings:
- Consistent deficit spending: Expenses have exceeded revenue in most recent years (2020-2023), leading to a decline in assets.
- Declining asset base: Assets have decreased from $1.83 million in 2019 to $1.45 million in 2023, indicating a spend-down trend.
Strengths
The following positive indicators were identified for Wrightson Ramsing Foundation Inc:
- Zero officer compensation: No compensation reported for officers across all filings, indicating highly efficient leadership.
- Strong asset base: Maintains over $1.4 million in assets, providing a solid financial foundation.
- Low liabilities: Consistently reports minimal to no liabilities, indicating sound financial management and no significant debt.
- Consistent IRS 990 filing history: Demonstrates transparency and compliance with regulatory requirements over a long period.
Frequently Asked Questions about Wrightson Ramsing Foundation Inc
Is Wrightson Ramsing Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wrightson Ramsing Foundation Inc (EIN: 131967462) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Wrightson Ramsing Foundation Inc spend its money?
Wrightson Ramsing Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wrightson Ramsing Foundation Inc tax-deductible?
Wrightson Ramsing Foundation Inc is registered as a tax-exempt nonprofit (EIN: 131967462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wrightson Ramsing Foundation Inc CEO make?
Wrightson Ramsing Foundation Inc's highest-compensated officer earns $1 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Wrightson Ramsing Foundation Inc located?
Wrightson Ramsing Foundation Inc is headquartered in Free Union, Virginia and files with the IRS under EIN 131967462.
How many years of IRS 990 filings does Wrightson Ramsing Foundation Inc have?
Wrightson Ramsing 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 $1.3M in total revenue.
Is Wrightson Ramsing Foundation Inc. financially sustainable given its spending patterns?
The foundation has consistently spent more than its revenue in recent years (e.g., $252,948 expenses vs. $172,781 revenue in 2023), leading to a decrease in assets from $1.83 million in 2019 to $1.45 million in 2023. This trend suggests a reliance on its endowment, which may not be sustainable long-term without increased revenue or reduced expenses.
What is the primary purpose of the Wrightson Ramsing Foundation Inc.?
Based on the NTEE code being 'Unknown' and the provided financial data, the specific programmatic focus of the foundation cannot be determined. Further investigation into their 990 forms would be needed to understand their grant-making or direct charitable activities.
How does the lack of officer compensation impact the foundation's operations?
The consistent reporting of 0% officer compensation indicates that the foundation's leadership is likely volunteer-based. This significantly reduces administrative overhead, allowing a greater proportion of funds to be directed towards its charitable mission, assuming other operational costs are also low.
Filing History
IRS 990 filing history for Wrightson Ramsing Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wrightson Ramsing Foundation Inc's revenue has declined by 49.2%, moving from $340K to $173K. Total assets decreased by 20.6% over the same period, from $1.8M to $1.5M. Total functional expenses rose by 23.2%, from $205K to $253K. In its most recent filing year (2023), Wrightson Ramsing Foundation Inc reported a deficit of $80K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $253K | $1.5M | $1 | — | — |
| 2022 | $125K | $257K | $1.5M | $1 | — | View 990 |
| 2021 | $170K | $266K | $1.6M | $1 | — | — |
| 2020 | $141K | $260K | $1.7M | $1 | — | — |
| 2019 | $359K | $252K | $1.8M | $0 | — | View 990 |
| 2015 | $190K | $256K | $1.7M | $0 | — | View 990 |
| 2014 | $218K | $270K | $1.8M | $0 | — | View 990 |
| 2013 | $211K | $237K | $1.8M | $0 | — | View 990 |
| 2012 | $236K | $207K | $1.8M | $0 | — | View 990 |
| 2011 | $340K | $205K | $1.8M | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $253K, and assets of $1.5M (revenue +38.6% year-over-year).
- 2022: Revenue of $125K, expenses of $257K, and assets of $1.5M (revenue -26.6% year-over-year).
- 2021: Revenue of $170K, expenses of $266K, and assets of $1.6M (revenue +20.6% year-over-year).
- 2020: Revenue of $141K, expenses of $260K, and assets of $1.7M (revenue -60.7% year-over-year).
- 2019: Revenue of $359K, expenses of $252K, and assets of $1.8M (revenue +88.7% year-over-year).
- 2015: Revenue of $190K, expenses of $256K, and assets of $1.7M (revenue -12.6% year-over-year).
- 2014: Revenue of $218K, expenses of $270K, and assets of $1.8M (revenue +3.3% year-over-year).
- 2013: Revenue of $211K, expenses of $237K, and assets of $1.8M (revenue -10.8% year-over-year).
- 2012: Revenue of $236K, expenses of $207K, and assets of $1.8M (revenue -30.6% year-over-year).
- 2011: Revenue of $340K, expenses of $205K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wrightson Ramsing Foundation Inc:
Data Sources and Methodology
This transparency report for Wrightson Ramsing 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.