Quick charity verification for The Wjk Charitable Foundation Inc (EIN: 202631772)
Verdict: The Wjk Charitable Foundation Inc shows mixed signals
40/100Mission Score
$469Revenue
$13KAssets
4Red Flags
3Strengths
Red Flags
Consistent negative net income (expenses exceeding revenue) over multiple years.
Significant decline in assets, from $103,454 in 2011 to $18,313 in 2023, indicating a spend-down of principal.
Negative revenue reported in 2023 ($-47), which is highly unusual and suggests potential financial distress or an accounting adjustment.
Unusual consistent $1 liability across all reported periods.
Strengths
Consistent filing of IRS Form 990s, indicating compliance with reporting requirements.
0% officer compensation reported across all years, suggesting low executive overhead.
Operates as a private grantmaking foundation, implying a focus on charitable distributions.
Spending Breakdown
How The Wjk Charitable Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
20%
Admin Costs
Reasonable — admin costs in check
0%
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 Wjk Charitable Foundation Inc
Is The Wjk Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Wjk Charitable Foundation Inc (EIN: 202631772) shows mixed signals. Mission Score: 40/100. 4 red flags identified, 3 strengths noted.
Is The Wjk Charitable Foundation Inc a good charity to donate to?
The Wjk Charitable Foundation Inc has a Mission Score of 40/100. Revenue: $469. Assets: $13K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Wjk Charitable Foundation Inc?
The Employer Identification Number (EIN) for The Wjk Charitable Foundation Inc is 202631772. 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 Wjk Charitable Foundation Inc spend its money?
The Wjk Charitable Foundation Inc allocates 80% to programs, 20% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Wjk Charitable Foundation Inc's tax-exempt status?
You can verify The Wjk Charitable Foundation Inc's tax-exempt status using EIN 202631772 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 Wjk Charitable Foundation Inc appears to be a very small private foundation, as indicated by its NTEE code T20 (Private Grantmaking Foundations) and consistently low revenue figures. Its financial health shows a concerning trend of declining assets, from $103,454 in 2011 to $18,313 in 2023, alongside consistent annual expenses that frequently exceed revenue. For instance, in 2023, the organization reported negative revenue of $-47 while incurring $12,028 in expenses, leading to a significant draw on its asset base. This pattern suggests the foundation is spending down its principal rather than operating on investment income or new contributions.
Spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories, which are not provided in the summary data. However, given the nature of a private grantmaking foundation, most expenses would typically be considered program-related (grants) or administrative. The consistent expenses, even with minimal revenue, indicate ongoing operational costs. The organization reports 0% officer compensation across all filings, which is a positive indicator of minimizing overhead related to executive pay.
Transparency is generally good in terms of filing its IRS Form 990s consistently over the years. The lack of officer compensation is a transparent practice. However, without more detailed expense breakdowns within the 990 filings themselves, it's challenging to fully understand the allocation of its spending beyond the total expense figures. The consistent liabilities of $1 across all years are unusual and might warrant further investigation into the specific nature of this liability.