Quick charity verification for Washington Electric Foundation Inc (EIN: 205743744)
Verdict: Washington Electric Foundation Inc appears trustworthy
85/100Mission Score
$158KRevenue
$108KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeding revenue in recent periods (2022, 2023)
Strengths
Consistent 0% officer compensation
No reported liabilities across all filings
Strong historical asset base
Consistent IRS 990 filing history (13 filings)
Spending Breakdown
How Washington Electric 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 Washington Electric Foundation Inc
Is Washington Electric Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington Electric Foundation Inc (EIN: 205743744) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Washington Electric Foundation Inc a good charity to donate to?
Washington Electric Foundation Inc has a Mission Score of 85/100. Revenue: $158K. Assets: $108K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Washington Electric Foundation Inc?
The Employer Identification Number (EIN) for Washington Electric Foundation Inc is 205743744. 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 Electric Foundation Inc spend its money?
Washington Electric Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Washington Electric Foundation Inc's tax-exempt status?
You can verify Washington Electric Foundation Inc's tax-exempt status using EIN 205743744 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 Electric Foundation Inc. demonstrates consistent financial activity, with revenues and expenses generally in the range of $100,000 to $180,000 over the past decade. The organization has maintained a healthy asset base, typically above $80,000, with no reported liabilities, indicating sound financial management and solvency. However, recent years show a trend of expenses exceeding revenue, such as in 2023 ($150,088 expenses vs. $140,340 revenue) and 2022 ($178,288 expenses vs. $139,642 revenue), which could lead to a depletion of assets if sustained.
The foundation's spending efficiency appears to be strong in terms of executive compensation, as 0% officer compensation is reported across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation. This indicates a high proportion of funds are likely directed towards programmatic activities rather than administrative overhead related to executive salaries. The absence of liabilities further reinforces a picture of responsible financial stewardship.
Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a clear historical record of financial operations. The consistent reporting of zero liabilities is a positive indicator of financial health and straightforward accounting practices. While specific program spending percentages are not detailed in the provided data, the lack of officer compensation is a strong positive signal regarding the allocation of resources.