Is Washington Software Alliance Employee Benefit Trust Legit?
Quick charity verification for Washington Software Alliance Employee Benefit Trust (EIN: 202563188)
Verdict: Washington Software Alliance Employee Benefit Trust appears trustworthy
95/100Mission Score
$36.1MRevenue
$2.6MAssets
1Red Flags
4Strengths
Red Flags
Lack of clarity on how leadership is compensated if not through the trust, given 0% officer compensation across all filings.
Strengths
Exceptional spending efficiency, with expenses consistently matching revenue (e.g., 202312 revenue $67,898,390 vs. expenses $67,815,687).
No reported officer compensation, indicating a strong commitment to direct program spending.
Consistent financial reporting over many years (13 filings), demonstrating transparency and stability.
Healthy asset-to-liability ratio, with assets generally well exceeding liabilities (e.g., 202312 assets $2,484,414 vs. liabilities $485,093).
Spending Breakdown
How Washington Software Alliance Employee Benefit Trust allocates its funds across programs, administration, and fundraising.
99%
Program Spending
Healthy — majority goes to mission
1%
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 Software Alliance Employee Benefit Trust
Is Washington Software Alliance Employee Benefit Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington Software Alliance Employee Benefit Trust (EIN: 202563188) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is Washington Software Alliance Employee Benefit Trust a good charity to donate to?
Washington Software Alliance Employee Benefit Trust has a Mission Score of 95/100. Revenue: $36.1M. Assets: $2.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Washington Software Alliance Employee Benefit Trust?
The Employer Identification Number (EIN) for Washington Software Alliance Employee Benefit Trust is 202563188. 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 Software Alliance Employee Benefit Trust spend its money?
Washington Software Alliance Employee Benefit Trust allocates 99% to programs, 1% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Washington Software Alliance Employee Benefit Trust's tax-exempt status?
You can verify Washington Software Alliance Employee Benefit Trust's tax-exempt status using EIN 202563188 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 Software Alliance Employee Benefit Trust operates with a very high degree of spending efficiency, consistently allocating nearly all of its revenue to expenses, as evidenced by the 202312 filing showing $67,898,390 in revenue against $67,815,687 in expenses. This indicates that the organization is effectively distributing its funds to its intended beneficiaries or programs. The organization's assets have fluctuated, from a high of $5,899,481 in 201412 to $2,484,414 in 202312, while liabilities have generally remained manageable relative to assets. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its primary purpose rather than executive salaries, enhancing its financial health and transparency. Given its NTEE code Y43 (Employee or Membership Benefit Organizations), its financial structure appears aligned with its mission to manage benefit trusts.