Is Sidney & Phyllis Wragge Foundation Inc…

Quick charity verification for Sidney & Phyllis Wragge Foundation Inc (EIN: 136272106)

Spending Breakdown

How Sidney & Phyllis Wragge Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

15%

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 Sidney & Phyllis Wragge Foundation Inc

Is Sidney & Phyllis Wragge Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Sidney & Phyllis Wragge Foundation Inc (EIN: 136272106) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.

Is Sidney & Phyllis Wragge Foundation Inc a good charity to donate to?

Sidney & Phyllis Wragge Foundation Inc has a Mission Score of 70/100. Revenue: $65K. Assets: $285K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Sidney & Phyllis Wragge Foundation Inc?

The Employer Identification Number (EIN) for Sidney & Phyllis Wragge Foundation Inc is 136272106. 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 Sidney & Phyllis Wragge Foundation Inc spend its money?

Sidney & Phyllis Wragge Foundation Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Sidney & Phyllis Wragge Foundation Inc's tax-exempt status?

You can verify Sidney & Phyllis Wragge Foundation Inc's tax-exempt status using EIN 136272106 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 Sidney & Phyllis Wragge Foundation Inc. appears to be a small private foundation with consistent financial activity over the past decade. Its revenue has fluctuated, but generally remains below its expenses, leading to a gradual decline in assets from $375,212 in 2011 to $301,052 in 2022. For instance, in 2022, the organization reported revenue of $34,173 against expenses of $37,542. This consistent deficit spending, while not immediately critical for an endowed foundation, indicates that the organization is drawing down its principal over time rather than growing its endowment or operating solely on investment income.

Regarding spending efficiency, without a detailed breakdown of expenses (program, administrative, fundraising) from the provided data, it's challenging to fully assess. However, the consistent expense levels, typically around $36,000-$39,000 annually, suggest a stable operational footprint. The absence of officer compensation is a positive indicator of efficiency and dedication to mission, as it means all expenses are directed towards operations or grants. Transparency is generally good, given the consistent filing of IRS Form 990s, which provides public access to their financial data.

Overall, the foundation demonstrates financial stability in terms of asset base, but its long-term sustainability relies on either increasing revenue generation or reducing expenses, as the current trend of spending more than it earns is not sustainable indefinitely. Its small size and lack of officer compensation suggest a lean operation, likely focused on grantmaking.

Is Sidney & Phyllis Wragge Foundation Inc Legit?

Verdict: Sidney & Phyllis Wragge Foundation Inc appears trustworthy

Red Flags

Strengths