Quick charity verification for Waldis Family Foundation Inc (EIN: 208490871)
Verdict: Waldis Family Foundation Inc appears trustworthy
70/100Mission Score
$1.4MRevenue
$1.1MAssets
2Red Flags
3Strengths
Red Flags
Consistent periods of expenses significantly exceeding revenue (e.g., 202312, 202112, 201912)
Declining asset base over the past several years (from $2.8M in 2015 to $1.5M in 2023)
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds for mission.
Maintains a substantial asset base ($1,510,822 in 202312) despite recent declines.
Low liabilities ($1 in most recent filings) indicates good financial hygiene regarding debt.
Spending Breakdown
How Waldis Family Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Waldis Family Foundation Inc
Is Waldis Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waldis Family Foundation Inc (EIN: 208490871) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Waldis Family Foundation Inc a good charity to donate to?
Waldis Family Foundation Inc has a Mission Score of 70/100. Revenue: $1.4M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Waldis Family Foundation Inc?
The Employer Identification Number (EIN) for Waldis Family Foundation Inc is 208490871. 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 Waldis Family Foundation Inc spend its money?
Waldis Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Waldis Family Foundation Inc's tax-exempt status?
You can verify Waldis Family Foundation Inc's tax-exempt status using EIN 208490871 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 Waldis Family Foundation Inc. exhibits a fluctuating financial profile, with significant variations in both revenue and expenses over the past decade. While the organization's latest reported revenue is $1,446,836, its most recent filing (202312) shows revenue of $102,402 against expenses of $356,210, indicating a substantial deficit for that period. This trend of expenses exceeding revenue is observed in several years, such as 202112 ($231,765 revenue vs. $533,659 expenses) and 201912 ($151,448 revenue vs. $525,993 expenses). The foundation consistently reports zero officer compensation, which is a positive indicator of resource allocation towards its mission rather than executive salaries. However, the consistent decline in assets from a peak of $2,840,455 in 201512 to $1,510,822 in 202312, alongside periods of significant spending exceeding income, warrants closer examination of its long-term financial sustainability and spending efficiency. The NTEE code T22 suggests a focus on grantmaking, and without a detailed breakdown of program vs. administrative expenses, it's challenging to fully assess spending efficiency, but the lack of officer compensation is a strong point for transparency.