Wtc Foundation
Wtc Foundation faces recent deficit spending despite significant assets and no reported officer compensation.
EIN: 20779716 · Nashville, TN · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $470K |
| Program Spending | 80% |
| Net Assets | $789K |
| Transparency Score | 75/100 |
Is Wtc Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wtc Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wtc Foundation
Wtc Foundation (EIN: 20779716) is a nonprofit organization based in Nashville, TN, classified under NTEE code T21. The organization reported total revenue of $1.3M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wtc Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wtc Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $354K |
| Total Expenses | $470K |
| Surplus / Deficit | $-116,653 |
| Total Assets | $789K |
| Total Liabilities | $1 |
| Net Assets | $789K |
| Operating Margin | -33.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 20.1 months |
Financial Health Grade: B
In 2023, Wtc Foundation reported a deficit of $117K with expenses exceeding revenue, holds 20.1 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), Wtc Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +131.7% | +17.1% | -12.9% |
| 2022 | -89.2% | +47.0% | -21.5% |
| 2021 | +635.0% | +23.9% | +6116.7% |
| 2020 | -22.0% | +1.2% | -60.8% |
| 2019 | -5.2% | -10.4% | +49.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Wtc Foundation with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Wtc Foundation 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 $117K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are either unpaid volunteers or compensated through other means not categorized as officer compensation, which is highly favorable for minimizing administrative costs.
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 Wtc Foundation's IRS 990 filings:
- Consistent deficit spending in recent years (2023, 2022)
- Significant volatility in annual revenue and assets over time
- Assets declined from $1,154,805 in 2021 to $789,333 in 2023
Strengths
The following positive indicators were identified for Wtc Foundation:
- No reported officer compensation across all filings, indicating high efficiency in executive costs
- Long and consistent filing history (10 filings), demonstrating transparency
- Substantial latest assets ($1,093,286) providing a financial cushion
Frequently Asked Questions about Wtc Foundation
Is Wtc Foundation a legitimate charity?
Wtc Foundation (EIN: 20779716) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Wtc Foundation spend its money?
Wtc Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wtc Foundation tax-deductible?
Wtc Foundation is registered as a tax-exempt nonprofit (EIN: 20779716). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wtc Foundation's spending goes to programs?
Wtc Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wtc Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Wtc Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wtc Foundation located?
Wtc Foundation is headquartered in Nashville, Tennessee and files with the IRS under EIN 20779716. It is classified under NTEE code T21.
How many years of IRS 990 filings does Wtc Foundation have?
Wtc Foundation 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 Wtc Foundation financially sustainable given recent deficit spending?
The organization has experienced expenses exceeding revenue in 2023 ($470,245 vs. $353,592) and 2022 ($401,447 vs. $152,628). While it has substantial assets ($1,093,286 latest), this trend of deficit spending is not sustainable long-term without drawing down reserves or increasing revenue.
What caused the significant revenue spike in 2021?
In 2021, Wtc Foundation reported a revenue of $1,409,392, which is significantly higher than any other year in its filing history. Understanding the source of this large influx of funds (e.g., a major grant, specific fundraising campaign) would provide insight into its financial model.
How does Wtc Foundation cover its expenses with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through non-officer roles, which is an efficient use of funds but raises questions about the operational structure and sustainability of leadership.
Filing History
IRS 990 filing history for Wtc Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wtc Foundation's revenue has grown by 72.7%, moving from $205K to $354K. Total assets increased by 807.6% over the same period, from $87K to $789K. Total functional expenses rose by 53.3%, from $307K to $470K. In its most recent filing year (2023), Wtc Foundation reported a deficit of $117K, with expenses exceeding revenue. The organization holds $1 in liabilities against $789K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $789K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $354K | $470K | $789K | $1 | — | — |
| 2022 | $153K | $401K | $906K | $1 | — | View 990 |
| 2021 | $1.4M | $273K | $1.2M | $1 | — | View 990 |
| 2020 | $192K | $221K | $19K | $1 | — | View 990 |
| 2019 | $246K | $218K | $47K | $1 | — | View 990 |
| 2015 | $259K | $243K | $32K | $1 | — | View 990 |
| 2014 | $268K | $249K | $16K | $0 | — | View 990 |
| 2013 | $228K | $226K | $-3,789 | $0 | — | View 990 |
| 2012 | $177K | $269K | $-3,545 | $2K | — | View 990 |
| 2011 | $205K | $307K | $87K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $354K, expenses of $470K, and assets of $789K (revenue +131.7% year-over-year).
- 2022: Revenue of $153K, expenses of $401K, and assets of $906K (revenue -89.2% year-over-year).
- 2021: Revenue of $1.4M, expenses of $273K, and assets of $1.2M (revenue +635.0% year-over-year).
- 2020: Revenue of $192K, expenses of $221K, and assets of $19K (revenue -22.0% year-over-year).
- 2019: Revenue of $246K, expenses of $218K, and assets of $47K (revenue -5.2% year-over-year).
- 2015: Revenue of $259K, expenses of $243K, and assets of $32K (revenue -3.3% year-over-year).
- 2014: Revenue of $268K, expenses of $249K, and assets of $16K (revenue +17.6% year-over-year).
- 2013: Revenue of $228K, expenses of $226K, and assets of $-3,789 (revenue +28.9% year-over-year).
- 2012: Revenue of $177K, expenses of $269K, and assets of $-3,545 (revenue -13.6% year-over-year).
- 2011: Revenue of $205K, expenses of $307K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wtc Foundation:
Data Sources and Methodology
This transparency report for Wtc 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.