Is Greater Wakefield Resource Center Inc…

Quick charity verification for Greater Wakefield Resource Center Inc (EIN: 20498814)

Spending Breakdown

How Greater Wakefield Resource Center Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Greater Wakefield Resource Center Inc

Is Greater Wakefield Resource Center Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Greater Wakefield Resource Center Inc (EIN: 20498814) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Greater Wakefield Resource Center Inc a good charity to donate to?

Greater Wakefield Resource Center Inc has a Mission Score of 75/100. Revenue: $108K. Assets: $222K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Greater Wakefield Resource Center Inc?

The Employer Identification Number (EIN) for Greater Wakefield Resource Center Inc is 20498814. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Greater Wakefield Resource Center Inc spend its money?

Greater Wakefield Resource Center Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Greater Wakefield Resource Center Inc's tax-exempt status?

You can verify Greater Wakefield Resource Center Inc's tax-exempt status using EIN 20498814 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Greater Wakefield Resource Center Inc. demonstrates consistent financial transparency through its regular IRS 990 filings, with no reported liabilities in recent years, indicating a healthy balance sheet. However, the organization has consistently spent more than it has brought in over the last several years, with expenses exceeding revenue in 8 of the last 10 reported periods. For example, in 2023, expenses were $121,115 against revenues of $110,645, and in 2022, expenses were $119,581 against revenues of $88,067. This trend has led to a gradual decline in assets from a high of $327,085 in 2014 to $227,878 in 2023.

Despite the deficit spending, the organization maintains a strong program focus, as evidenced by the absence of officer compensation, suggesting that resources are primarily directed towards its mission. The NTEE code P28 (Human Services - Multipurpose and Other) aligns with a community resource center, and the consistent, albeit modest, revenue generation indicates ongoing community support. The lack of liabilities is a significant positive, showing responsible financial management in terms of debt.

While the declining asset base due to consistent deficit spending is a concern for long-term sustainability, the organization's commitment to its mission, as indicated by 0% officer compensation and no reported liabilities, is commendable. Future analysis should focus on the specific breakdown of expenses to understand where the majority of funds are being allocated and to identify potential areas for cost efficiency or revenue enhancement to reverse the trend of asset depletion.

Is Greater Wakefield Resource Center Inc Legit?

Verdict: Greater Wakefield Resource Center Inc appears trustworthy

Red Flags

Strengths