Quick charity verification for Well Aware Inc (EIN: 205025148)
Verdict: Well Aware Inc appears trustworthy
92/100Mission Score
$1.3MRevenue
$335KAssets
1Red Flags
5Strengths
Red Flags
Expenses slightly exceeded revenue in 2022 ($1,519,685 vs $1,518,790), though this is a minor deficit.
Strengths
Consistent revenue growth over a decade (from $273,688 in 2013 to $1,518,790 in 2022).
0% reported officer compensation across all filings, indicating high efficiency.
Strong asset growth and relatively low liabilities, demonstrating financial stability.
Consistent filing of IRS Form 990s, showing good transparency.
Positive net assets trend, indicating financial health.
Spending Breakdown
How Well Aware 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 Well Aware Inc
Is Well Aware Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Well Aware Inc (EIN: 205025148) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Well Aware Inc a good charity to donate to?
Well Aware Inc has a Mission Score of 92/100. Revenue: $1.3M. Assets: $335K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Well Aware Inc?
The Employer Identification Number (EIN) for Well Aware Inc is 205025148. 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 Well Aware Inc spend its money?
Well Aware Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Well Aware Inc's tax-exempt status?
You can verify Well Aware Inc's tax-exempt status using EIN 205025148 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
Well Aware Inc. demonstrates consistent growth in revenue and assets over the past decade, indicating a stable and expanding operation. For example, revenue grew from $273,688 in 2013 to $1,518,790 in 2022. The organization consistently reports 0% officer compensation, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. While the 2022 filing shows expenses ($1,519,685) slightly exceeding revenue ($1,518,790), this is a minor deficit and does not indicate significant financial distress, especially given the overall positive trend in assets. The organization's liabilities have remained relatively low compared to its assets, suggesting good financial management and solvency.
Spending efficiency appears high, particularly due to the absence of reported officer compensation. This suggests that a significant portion of funds is likely allocated to program services. The consistent filing of IRS Form 990s over 12 periods demonstrates a commitment to transparency, providing a clear historical record of financial activity. The growth in assets from $128,058 in 2013 to $521,714 in 2022 further supports a picture of a well-managed and financially healthy organization.
Overall, Well Aware Inc. exhibits strong financial health, high spending efficiency due to minimal administrative overhead (specifically executive compensation), and a commendable level of transparency through its consistent public filings. The organization's ability to grow its revenue and asset base while maintaining low liabilities and no officer compensation is a positive sign for donors and stakeholders.