Quick charity verification for Wecoach Inc (EIN: 200059540)
Verdict: Wecoach Inc appears trustworthy
95/100Mission Score
$754KRevenue
$570KAssets
2Red Flags
5Strengths
Red Flags
Unusually low liabilities relative to assets, which could indicate conservative accounting or minimal operational debt.
No reported officer compensation across all filings, which, while positive for mission spending, is atypical for an organization of this scale and might warrant further inquiry into how leadership is compensated or structured.
Zero reported officer compensation across all 13 filings, indicating a high commitment to directing funds towards programmatic activities.
Healthy asset base ($758,574 in 2023) with low liabilities ($44,475 in 2023), reflecting strong financial management and stability.
Positive net income in most recent periods, showing efficient management of expenses relative to revenue.
Long filing history (13 filings) demonstrating consistent compliance and operational longevity.
Spending Breakdown
How Wecoach Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Wecoach Inc
Is Wecoach Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wecoach Inc (EIN: 200059540) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
Is Wecoach Inc a good charity to donate to?
Wecoach Inc has a Mission Score of 95/100. Revenue: $754K. Assets: $570K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wecoach Inc?
The Employer Identification Number (EIN) for Wecoach Inc is 200059540. 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 Wecoach Inc spend its money?
Wecoach Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wecoach Inc's tax-exempt status?
You can verify Wecoach Inc's tax-exempt status using EIN 200059540 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
Wecoach Inc demonstrates a generally healthy financial trajectory, marked by consistent revenue growth over the past several years, culminating in $978,718 in revenue in 2023. The organization has maintained a positive net income in most recent periods, indicating sound financial management. Its asset base has also shown growth, reaching $758,574 in 2023, which provides a solid foundation for its operations. Liabilities have remained relatively low compared to assets, suggesting good fiscal control and limited reliance on debt.
Spending efficiency appears strong, with expenses consistently below revenue in recent years, particularly in 2023 where expenses were $866,569 against $978,718 in revenue. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice is highly commendable and suggests that the organization prioritizes its programmatic work.
Overall, Wecoach Inc exhibits robust financial health, efficient spending practices, and a high degree of transparency, especially concerning executive compensation. The consistent growth in revenue and assets, coupled with controlled expenses and no reported officer compensation, paints a picture of a well-managed and mission-focused nonprofit.