None identified based on the provided financial data.
Strengths
Zero officer compensation, indicating a volunteer-led model and high efficiency.
Consistent growth in assets, reaching $485,508 in 2023, demonstrating financial stability.
Zero liabilities reported across all filings, indicating strong financial management and low risk.
Strong program focus, implied by the NTEE code and lack of executive compensation.
Consistent filing history (13 filings), showing good transparency and compliance.
Spending Breakdown
How Wakefield Food Pantry 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 Wakefield Food Pantry
Is Wakefield Food Pantry a legitimate charity?
Based on AI analysis of IRS 990 filings, Wakefield Food Pantry (EIN: 20493958) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Wakefield Food Pantry a good charity to donate to?
Wakefield Food Pantry has a Mission Score of 95/100. Revenue: $96K. Assets: $512K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wakefield Food Pantry?
The Employer Identification Number (EIN) for Wakefield Food Pantry is 20493958. 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 Wakefield Food Pantry spend its money?
Wakefield Food Pantry allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wakefield Food Pantry's tax-exempt status?
You can verify Wakefield Food Pantry's tax-exempt status using EIN 20493958 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
Wakefield Food Pantry demonstrates a consistent commitment to its mission of providing food assistance, as evidenced by its NTEE code E31 (Food Banks & Pantries) and its operational history. The organization's financial health appears stable, with assets consistently growing over the past decade, reaching $485,508 in 2023. While revenue has fluctuated, ranging from $70,922 in 2022 to $152,488 in 2020, the pantry has maintained a strong asset base relative to its annual expenses. For instance, in 2023, assets of $485,508 significantly exceed expenses of $89,458, indicating a healthy reserve.
The organization's spending efficiency is commendable, particularly given its volunteer-driven model. The absence of officer compensation across all reported periods suggests that resources are primarily directed towards program services and operational costs rather than executive salaries. This is a strong indicator of efficiency and a focus on mission. The consistent reporting of zero liabilities further underscores a fiscally responsible approach, minimizing financial risk.
Transparency is high, with 13 filings available, and the consistent reporting of zero officer compensation is a key transparency strength. The organization's financial statements show clear revenue and expense figures, allowing for straightforward analysis of its financial activities. The stability in assets and the lack of liabilities contribute to a positive overall assessment of its financial management and transparency.