Quick charity verification for The Wish Project Inc (EIN: 203249145)
Verdict: The Wish Project Inc appears trustworthy
92/100Mission Score
$3.6MRevenue
$942KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $1,731,836 in 2021 to $3,833,423 in 2023.
Strong asset accumulation, nearly tripling from $269,804 in 2021 to $908,927 in 2023.
0% reported officer compensation across all 13 filings, indicating high efficiency and dedication of resources to programs.
Healthy financial surplus in recent years (e.g., $160,680 in 2023), contributing to asset growth.
Low liabilities relative to assets, suggesting sound financial management and stability.
Spending Breakdown
How The Wish Project Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 The Wish Project Inc
Is The Wish Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Wish Project Inc (EIN: 203249145) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is The Wish Project Inc a good charity to donate to?
The Wish Project Inc has a Mission Score of 92/100. Revenue: $3.6M. Assets: $942K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Wish Project Inc?
The Employer Identification Number (EIN) for The Wish Project Inc is 203249145. 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 The Wish Project Inc spend its money?
The Wish Project Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Wish Project Inc's tax-exempt status?
You can verify The Wish Project Inc's tax-exempt status using EIN 203249145 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 Wish Project Inc demonstrates strong financial health and efficient spending, particularly in its most recent filing period. In fiscal year 2023, the organization reported revenues of $3,833,423 against expenses of $3,672,743, indicating a healthy surplus. Over the past three years, the organization has shown consistent growth in both revenue and assets, with assets nearly tripling from $269,804 in 2021 to $908,927 in 2023. This growth suggests effective financial management and increasing capacity to fulfill its mission.
The organization's spending efficiency appears robust, with a significant portion of its expenses likely directed towards program services, given the absence of reported officer compensation. The consistent lack of reported officer compensation across all available filings is a notable indicator of transparency and a commitment to directing resources to beneficiaries rather than administrative overhead. While a detailed functional expense breakdown is not provided in the summary data, the overall financial picture points to a well-managed and program-focused entity.
Transparency is further enhanced by the consistent filing of IRS Form 990s over 13 periods, demonstrating a commitment to public accountability. The steady increase in assets and revenue, coupled with minimal liabilities relative to assets (e.g., $171,750 liabilities vs. $908,927 assets in 2023), suggests prudent financial stewardship. The organization's financial trajectory indicates a stable and growing operation, capable of sustaining its charitable activities.