Quick charity verification for Waterwheel Foundation Inc (EIN: 133948773)
Verdict: Waterwheel Foundation Inc appears trustworthy
95/100Mission Score
$6.2MRevenue
$15.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero officer compensation reported across all filings, indicating volunteer leadership.
Consistent and significant growth in assets, from $1.7M in 2011 to $16.4M in 2023.
Strong revenue generation, with $6.9M in 2023, significantly exceeding expenses.
Low liabilities relative to assets, indicating financial stability (e.g., $40,323 liabilities vs. $16.4M assets in 2023).
Efficient spending with expenses consistently well below revenue, leading to healthy surpluses.
Spending Breakdown
How Waterwheel Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Waterwheel Foundation Inc
Is Waterwheel Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waterwheel Foundation Inc (EIN: 133948773) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Waterwheel Foundation Inc a good charity to donate to?
Waterwheel Foundation Inc has a Mission Score of 95/100. Revenue: $6.2M. Assets: $15.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Waterwheel Foundation Inc?
The Employer Identification Number (EIN) for Waterwheel Foundation Inc is 133948773. 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 Waterwheel Foundation Inc spend its money?
Waterwheel Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Waterwheel Foundation Inc's tax-exempt status?
You can verify Waterwheel Foundation Inc's tax-exempt status using EIN 133948773 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
Waterwheel Foundation Inc demonstrates strong financial health and efficient spending, particularly in its most recent filing period. In 2023, the organization reported revenue of $6,953,692 against expenses of $2,105,482, indicating a significant surplus that contributes to its growing asset base of $16,407,951. The consistent growth in assets, from $1,755,621 in 2011 to over $16 million in 2023, suggests sound financial management and accumulation of resources for its mission. The organization's commitment to its mission is further highlighted by its zero reported officer compensation across all available filings, which is a strong indicator of volunteer leadership and dedication to directing funds towards programs rather than administrative overhead. This practice significantly enhances its spending efficiency and transparency.