Is Weascend Corporation Legit?

Quick charity verification for Weascend Corporation (EIN: 208188786)

Verdict: Weascend Corporation appears trustworthy

85/100Mission Score

$466KRevenue

$303KAssets

1Red Flags

4Strengths

Red Flags

Expenses exceeded revenue in the most recent filing (202312), indicating a deficit for that period.

Strengths

Consistent growth in assets over the past decade, from $52,220 in 201412 to $374,830 in 202312.
Zero reported officer compensation across all 13 filings, indicating strong commitment to mission-focused spending.
Low liabilities relative to assets, suggesting good financial management and minimal debt burden.
Consistent filing of IRS Form 990s, demonstrating transparency and regulatory compliance.

Spending Breakdown

How Weascend Corporation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Weascend Corporation

Is Weascend Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Weascend Corporation (EIN: 208188786) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Weascend Corporation a good charity to donate to?

Weascend Corporation has a Mission Score of 85/100. Revenue: $466K. Assets: $303K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Weascend Corporation?

The Employer Identification Number (EIN) for Weascend Corporation is 208188786. 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 Weascend Corporation spend its money?

Weascend Corporation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Weascend Corporation's tax-exempt status?

You can verify Weascend Corporation's tax-exempt status using EIN 208188786 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

Weascend Corporation demonstrates a generally stable financial position over the past several years, with revenues consistently in the range of $200,000 to $500,000. In the most recent filing (202312), the organization reported revenues of $353,251 against expenses of $436,564, indicating a deficit for that period. However, prior years like 202212 and 202112 showed surpluses, with revenues of $458,419 and $486,959 respectively, exceeding expenses. The organization's assets have grown significantly over time, from $52,220 in 201412 to $374,830 in 202312, suggesting prudent financial management in building reserves. Liabilities have remained relatively low, peaking at $55,753 in 202012, which is a positive indicator of financial health.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent operation within its revenue range suggests a degree of efficiency. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, indicating adherence to regulatory requirements. The consistent reporting of 0% officer compensation across all available filings is a significant positive for transparency and public trust, suggesting resources are directed towards the mission rather than executive salaries.

Overall, Weascend Corporation appears to be a financially sound organization with a good track record of asset growth and low liabilities. While the most recent year showed a deficit, this is not uncommon for nonprofits and should be viewed in the context of its multi-year financial performance. The lack of officer compensation is a strong indicator of its commitment to its mission and efficient use of funds.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.