Wsfs Foundation
WSFS Foundation experiences significant revenue and asset growth with zero reported officer compensation.
EIN: 134229063 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Wsfs Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wsfs Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wsfs Foundation
Wsfs Foundation (EIN: 134229063) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $8.3M and total assets of $12.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wsfs Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wsfs Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 33.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$358K |
| Total Assets | $9.4M |
| Total Liabilities | $1 |
| Net Assets | $9.4M |
| Operating Margin | 10.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 38.1 months |
Financial Health Grade: A
In 2023, Wsfs Foundation reported a surplus of $358K with revenue exceeding expenses, holds 38.1 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), Wsfs Foundation's revenue has grown at a compound annual growth rate (CAGR) of 33.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | +11.9% | +3.5% |
| 2022 | +168.0% | +30.8% | +4.1% |
| 2021 | +1775.7% | +314.2% | +676.8% |
| 2020 | -57.8% | -13.4% | -27.5% |
| 2019 | +15.9% | +321.5% | +18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Wsfs 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Wsfs Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $358K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The WSFS Foundation consistently reports $0 in officer compensation across all available filings, indicating that executive leadership is either uncompensated or compensated through an affiliated entity, which is a strong positive for donor perception regarding resource allocation.
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 Wsfs Foundation:
- Significant revenue growth from $62,018 in 2020 to $3,305,158 in 2023.
- Consistent reporting of $0 officer compensation across all filings.
- Healthy and growing asset base, reaching $9,350,263 in 2023.
- Minimal liabilities, often reported as $1, indicating strong financial stability.
- Expenses generally align with revenue, suggesting active program delivery and efficient use of funds.
Frequently Asked Questions about Wsfs Foundation
Is Wsfs Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wsfs Foundation (EIN: 134229063) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Wsfs Foundation spend its money?
Wsfs Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wsfs Foundation tax-deductible?
Wsfs Foundation is registered as a tax-exempt nonprofit (EIN: 134229063). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is WSFS Foundation a good charity?
Based on the provided data, the WSFS Foundation appears to be a very good charity. It demonstrates strong financial health with significant revenue growth, a healthy asset base, and minimal liabilities. The consistent reporting of zero officer compensation is also a positive indicator of efficient resource allocation.
How has the WSFS Foundation's revenue changed over time?
The WSFS Foundation's revenue has shown remarkable growth, especially in recent years. It increased from $62,018 in 2020 to $3,305,158 in 2023, representing a substantial increase in funding.
What is the trend in the organization's assets?
The organization's assets have steadily grown, particularly from 2020 to 2023, increasing from $1,117,742 to $9,350,263. This indicates strong financial stewardship and an increasing capacity to fulfill its mission.
Does the WSFS Foundation have high administrative costs?
The provided data does not detail specific administrative costs, but the overall expense ratio relative to revenue suggests efficient operations. With zero reported officer compensation, it's likely that administrative overhead is kept low, allowing more funds for programs.
Filing History
IRS 990 filing history for Wsfs Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wsfs Foundation's revenue has grown by 2985.3%, moving from $107K to $3.3M. Total assets increased by 650.3% over the same period, from $1.2M to $9.4M. Total functional expenses rose by 3401.8%, from $84K to $2.9M. In its most recent filing year (2023), Wsfs Foundation reported a surplus of $358K, with revenue exceeding expenses. The organization holds $1 in liabilities against $9.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $2.9M | $9.4M | $1 | — | — |
| 2022 | $3.1M | $2.6M | $9.0M | $1 | — | View 990 |
| 2021 | $1.2M | $2.0M | $8.7M | $1 | — | View 990 |
| 2020 | $62K | $486K | $1.1M | $1 | — | — |
| 2019 | $147K | $561K | $1.5M | $0 | — | View 990 |
| 2015 | $127K | $133K | $1.3M | $0 | — | View 990 |
| 2014 | $123K | $129K | $1.3M | $0 | — | View 990 |
| 2013 | $147K | $60K | $1.3M | $0 | — | View 990 |
| 2012 | $55K | $76K | $1.2M | $0 | — | View 990 |
| 2011 | $107K | $84K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $2.9M, and assets of $9.4M (revenue +6.0% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.6M, and assets of $9.0M (revenue +168.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $2.0M, and assets of $8.7M (revenue +1775.7% year-over-year).
- 2020: Revenue of $62K, expenses of $486K, and assets of $1.1M (revenue -57.8% year-over-year).
- 2019: Revenue of $147K, expenses of $561K, and assets of $1.5M (revenue +15.9% year-over-year).
- 2015: Revenue of $127K, expenses of $133K, and assets of $1.3M (revenue +3.4% year-over-year).
- 2014: Revenue of $123K, expenses of $129K, and assets of $1.3M (revenue -16.5% year-over-year).
- 2013: Revenue of $147K, expenses of $60K, and assets of $1.3M (revenue +168.4% year-over-year).
- 2012: Revenue of $55K, expenses of $76K, and assets of $1.2M (revenue -48.9% year-over-year).
- 2011: Revenue of $107K, expenses of $84K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wsfs Foundation:
Data Sources and Methodology
This transparency report for Wsfs 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.