Is Warten Foundation Inc Legit?

Red Flags

Extreme revenue volatility, with a drop from $19.8M in 2022 to $113K in 2023, indicating unpredictable funding.
Significant discrepancy between revenue and expenses in certain years (e.g., $19.8M revenue vs. $449K expenses in 2022), raising questions about immediate charitable deployment.
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.

Spending Breakdown

How Warten Foundation Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Warten Foundation Inc

Is Warten Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Warten Foundation Inc (EIN: 201897544) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.

Is Warten Foundation Inc a good charity to donate to?

Warten Foundation Inc has a Mission Score of 60/100. Revenue: $27.5M. Assets: $36.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Warten Foundation Inc?

The Employer Identification Number (EIN) for Warten Foundation Inc is 201897544. 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 Warten Foundation Inc spend its money?

Warten Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Warten Foundation Inc's tax-exempt status?

You can verify Warten Foundation Inc's tax-exempt status using EIN 201897544 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 Warten Foundation Inc. exhibits a highly volatile financial history, with revenue fluctuating dramatically from $10,965 in 2016 to $19,873,605 in 2022, and then a sharp drop to $113,681 in 2023. This inconsistency makes it challenging to assess long-term financial stability. The organization's assets have grown significantly, reaching $18,474,601 in 2023, but this growth is not consistently tied to program spending. For instance, in 2023, expenses were $1,276,958 against revenue of only $113,681, indicating a substantial deficit for that period. Conversely, in 2022, revenue of $19,873,605 far outstripped expenses of $449,008, suggesting a large accumulation of assets or funds not immediately deployed.

Spending efficiency is difficult to ascertain without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the extremely low expense figures in years with high revenue (e.g., $449,008 in expenses against $19.8M revenue in 2022) raise questions about the immediate deployment of funds for charitable purposes. The consistent reporting of 0% officer compensation across all available filings suggests either a fully volunteer-run executive team or that compensation is reported under other expense categories, which would impact transparency. The lack of detailed expense categories is a significant limitation for a thorough spending efficiency analysis.

Transparency regarding executive compensation is high, with 0% reported for officers. However, the overall transparency is hampered by the absence of a detailed functional expense breakdown (program, admin, fundraising) in the provided data. This makes it difficult for stakeholders to understand how the significant revenue fluctuations and asset growth translate into direct charitable impact. The large swings in revenue and the discrepancy between revenue and expenses in certain years warrant further investigation to understand the foundation's operational model and financial strategy.

Verdict: Warten Foundation Inc shows mixed signals