Quick charity verification for The Wyman Family Foundation Inc (EIN: 136124582)
Verdict: The Wyman Family Foundation Inc appears trustworthy
75/100Mission Score
$836KRevenue
$3.3MAssets
3Red Flags
3Strengths
Red Flags
Consistent decline in assets over the last three years ($3.6M in 2021 to $3.3M in 2024)
Expenses frequently exceed revenue, indicating reliance on asset drawdowns rather than sustainable income generation for operations
NTEE code is unknown, making peer comparison difficult
Strengths
0% reported officer compensation across all filings, indicating highly efficient leadership costs
Consistent history of IRS 990 filings (10 filings), demonstrating transparency and compliance
Maintains a substantial asset base ($3.2M latest) to support its mission
Spending Breakdown
How The Wyman Family Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Wyman Family Foundation Inc
Is The Wyman Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Wyman Family Foundation Inc (EIN: 136124582) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is The Wyman Family Foundation Inc a good charity to donate to?
The Wyman Family Foundation Inc has a Mission Score of 75/100. Revenue: $836K. Assets: $3.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Wyman Family Foundation Inc?
The Employer Identification Number (EIN) for The Wyman Family Foundation Inc is 136124582. 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 Wyman Family Foundation Inc spend its money?
The Wyman Family Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Wyman Family Foundation Inc's tax-exempt status?
You can verify The Wyman Family Foundation Inc's tax-exempt status using EIN 136124582 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 Wyman Family Foundation Inc appears to be a grant-making private foundation, as indicated by its consistent asset base and fluctuating but generally lower revenue compared to expenses in recent years. For instance, in 2024, revenue was $242,260 while expenses were $328,184, and in 2023, revenue was $192,756 against expenses of $342,829. This pattern suggests it primarily disburses funds from its endowment rather than relying heavily on public donations, which is typical for private foundations. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of financial efficiency regarding executive pay and suggests a volunteer-driven or very lean operational structure at the leadership level.
However, without detailed expense breakdowns (e.g., program service expenses vs. administrative and fundraising) from the provided data, a precise assessment of spending efficiency is challenging. The consistent decline in assets from a peak of $3,636,114 in 2021 to $3,369,135 in 2024, while not drastic, warrants attention. This trend, coupled with expenses frequently exceeding revenue in recent periods, suggests the foundation is drawing down its principal to fund its activities. The organization's transparency is good in terms of making its 990 filings available, but the lack of an NTEE code makes it harder to benchmark against similar organizations.