Quick charity verification for Washington Aerospace Scholarsfoundation (EIN: 205085342)
Verdict: Washington Aerospace Scholarsfoundation appears trustworthy
90/100Mission Score
$247KRevenue
$269KAssets
2Red Flags
5Strengths
Red Flags
Revenue decline in 2023 ($338,021) compared to 2022 ($488,229)
Expenses ($369,183) exceeded revenue ($338,021) in 2023, leading to a deficit for the year.
Strengths
Consistent 0% officer compensation across all filings, indicating high program focus.
Strong reduction of liabilities to $0 in recent years (2021-2023), improving financial stability.
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency.
Assets have generally grown over time, reaching $448,873 in 2023.
Overall positive asset-to-liability ratio in recent years.
Spending Breakdown
How Washington Aerospace Scholarsfoundation 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 Washington Aerospace Scholarsfoundation
Is Washington Aerospace Scholarsfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington Aerospace Scholarsfoundation (EIN: 205085342) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Washington Aerospace Scholarsfoundation a good charity to donate to?
Washington Aerospace Scholarsfoundation has a Mission Score of 90/100. Revenue: $247K. Assets: $269K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Washington Aerospace Scholarsfoundation?
The Employer Identification Number (EIN) for Washington Aerospace Scholarsfoundation is 205085342. 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 Washington Aerospace Scholarsfoundation spend its money?
Washington Aerospace Scholarsfoundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Washington Aerospace Scholarsfoundation's tax-exempt status?
You can verify Washington Aerospace Scholarsfoundation's tax-exempt status using EIN 205085342 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 Washington Aerospace Scholarsfoundation demonstrates a generally stable financial position, with assets consistently exceeding liabilities in recent years, indicating good fiscal management. For instance, in 2023, assets were $448,873 with $0 liabilities, a significant improvement from earlier periods where liabilities were substantial. The organization's revenue has fluctuated, peaking at $608,938 in 2019 and showing a recent dip in 2023 to $338,021 from $488,229 in 2022. Despite this, expenses have largely been managed within revenue levels, except for a few years like 2023 where expenses ($369,183) slightly exceeded revenue ($338,021).
Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests a commitment to directing funds towards programs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the raw data, the absence of officer compensation is a positive indicator. The organization's transparency is commendable through its consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record.
Overall, the foundation appears to be a well-managed entity with a focus on its mission, as evidenced by its financial stability and lack of executive compensation. The recent slight deficit in 2023 warrants monitoring, but the overall trend of asset growth and liability reduction is positive. The consistent financial reporting enhances its transparency.