Quick charity verification for Wabtec Foundation (EIN: 141994641)
Verdict: Wabtec Foundation appears trustworthy
92/100Mission Score
$5.8MRevenue
$14.8MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown in provided data makes precise program vs. admin allocation difficult without full 990 review.
Strengths
Strong asset growth, reaching $14,842,058.
Consistent revenue growth, with latest at $5,813,306.
0% officer compensation reported across all filings, indicating high dedication to mission.
Very low liabilities ($1 in recent years), showing sound financial management.
High apparent program spending efficiency due to low overall expenses relative to revenue.
Spending Breakdown
How Wabtec Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Wabtec Foundation
Is Wabtec Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wabtec Foundation (EIN: 141994641) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Wabtec Foundation a good charity to donate to?
Wabtec Foundation has a Mission Score of 92/100. Revenue: $5.8M. Assets: $14.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wabtec Foundation?
The Employer Identification Number (EIN) for Wabtec Foundation is 141994641. 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 Wabtec Foundation spend its money?
Wabtec Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wabtec Foundation's tax-exempt status?
You can verify Wabtec Foundation's tax-exempt status using EIN 141994641 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 Wabtec Foundation demonstrates strong financial health, with its assets growing consistently over the past decade, reaching $14,842,058 in the latest period. The organization's revenue has also shown significant growth, with the latest reported revenue at $5,813,306. A key indicator of efficiency is its program spending ratio, which appears to be very high given the low reported expenses relative to revenue and assets. For instance, in 2023, expenses were $807,234 against revenue of $2,332,595, suggesting a substantial portion of funds are either retained or directly disbursed as program grants without significant operational overhead.
The foundation's transparency is bolstered by its consistent IRS 990 filings and the explicit reporting of 0% officer compensation across all available periods, indicating that executive leadership is not drawing salaries from the foundation's funds. This practice enhances public trust and ensures more resources are available for its charitable mission. The minimal liabilities reported ($1 in recent years) also point to sound financial management and a low-risk operational profile.
Overall, the Wabtec Foundation appears to be a well-managed and financially robust organization, effectively channeling its resources towards its programmatic goals. Its growth in assets and revenue, coupled with efficient spending and a clear commitment to not compensating officers, paints a positive picture of its financial stewardship and dedication to its mission.