Quick charity verification for W I B Inc (EIN: 161589572)
Verdict: W I B Inc appears trustworthy
75/100Mission Score
$3.6MRevenue
$1.0MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which may indicate a lack of transparency or an unusual operational model for an organization of this size.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Positive trend in asset growth over the past decade, from $464,271 in 2015 to $893,899 in 2024.
Long history of IRS 990 filings (14 filings), suggesting consistent compliance and operational longevity.
Spending Breakdown
How W I B 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 W I B Inc
Is W I B Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, W I B Inc (EIN: 161589572) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is W I B Inc a good charity to donate to?
W I B Inc has a Mission Score of 75/100. Revenue: $3.6M. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for W I B Inc?
The Employer Identification Number (EIN) for W I B Inc is 161589572. 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 W I B Inc spend its money?
W I B Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify W I B Inc's tax-exempt status?
You can verify W I B Inc's tax-exempt status using EIN 161589572 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
W I B Inc demonstrates consistent financial activity with revenues closely matching expenses across its filing history, indicating a lean operational model. For example, in 2024, revenue was $2,606,431 against expenses of $2,606,322, showing a very tight margin. The organization's assets have shown growth over the years, from $464,271 in 2015 to $893,899 in 2024, suggesting some capacity building. However, the lack of reported officer compensation across all filings raises questions about the transparency of executive remuneration, or if all leadership roles are purely voluntary, which is unusual for an organization of this size and revenue.
The organization's spending efficiency appears high given the minimal difference between revenue and expenses, implying that most funds are directly utilized. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of zero officer compensation could be a positive indicator of resource allocation towards mission, but it also warrants further investigation to ensure full transparency regarding all forms of compensation or benefits for key personnel. The organization's NTEE code J20 (Employment Procurement & Job Training) suggests a direct service mission, which typically benefits from high program spending.
Overall, W I B Inc appears to be a financially stable organization with consistent operations. The primary area for improvement in transparency would be a clearer disclosure of how expenses are categorized (program vs. administrative vs. fundraising) and a detailed explanation regarding the consistent zero officer compensation, to provide a complete picture of its financial health and operational practices to potential donors and stakeholders.