Is Wasily Family Foundation Legit? —…

Spending Breakdown

How Wasily Family Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Wasily Family Foundation

Is Wasily Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Wasily Family Foundation (EIN: 133503227) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Wasily Family Foundation a good charity to donate to?

Wasily Family Foundation has a Mission Score of 75/100. Revenue: $12.5M. Assets: $43.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Wasily Family Foundation?

The Employer Identification Number (EIN) for Wasily Family Foundation is 133503227. 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 Wasily Family Foundation spend its money?

Wasily Family Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Wasily Family Foundation's tax-exempt status?

You can verify Wasily Family Foundation's tax-exempt status using EIN 133503227 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 Wasily Family Foundation demonstrates a consistent commitment to its programmatic mission, as evidenced by its spending patterns. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the foundation's primary function as a grant-making entity suggests that the vast majority of its expenses would be directed towards its charitable programs. The organization has maintained a healthy asset base, currently at $43,907,980, which provides a strong financial cushion for its operations. However, it's notable that the foundation has consistently spent more than its revenue in recent years, with expenses exceeding revenue by over $1.3 million in 2023 and over $4.2 million in 2022. This trend, while potentially indicative of strategic grant-making from its endowment, warrants closer examination to ensure long-term sustainability if it continues without significant revenue increases or asset growth.

Transparency appears to be strong given the availability of 10 years of IRS 990 filings, which is a positive indicator for public accountability. The consistent reporting of zero officer compensation across all available filings suggests that the foundation is either entirely volunteer-run at the executive level or that compensation is structured in a way that isn't reported as officer compensation on the 990, which would require further investigation. The foundation's financial health, while supported by substantial assets, shows a pattern of deficit spending in recent years, drawing down its asset base from a high of $76,721,935 in 2014 to $43,907,980 currently. This trend, if not managed, could impact its future capacity for grant-making.

Is Wasily Family Foundation Legit?

Verdict: Wasily Family Foundation appears trustworthy

Red Flags

Strengths