Quick charity verification for Well For The Journey Inc (EIN: 20625930)
Verdict: Well For The Journey Inc appears trustworthy
92/100Mission Score
$310KRevenue
$153KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue generation, with latest revenue at $407,169.
Strong asset growth, reaching $160,936 in 2024 from $60,870 in 2020.
Extremely low liabilities ($701 in 2024), indicating strong financial health.
0% officer compensation reported across all filings, maximizing funds for mission.
Consistent IRS 990 filing history (14 filings), demonstrating transparency.
Spending Breakdown
How Well For The Journey 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 Well For The Journey Inc
Is Well For The Journey Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Well For The Journey Inc (EIN: 20625930) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Well For The Journey Inc a good charity to donate to?
Well For The Journey Inc has a Mission Score of 92/100. Revenue: $310K. Assets: $153K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Well For The Journey Inc?
The Employer Identification Number (EIN) for Well For The Journey Inc is 20625930. 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 For The Journey Inc spend its money?
Well For The Journey Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Well For The Journey Inc's tax-exempt status?
You can verify Well For The Journey Inc's tax-exempt status using EIN 20625930 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 For The Journey Inc demonstrates consistent financial activity, with revenues fluctuating but generally showing growth over the past decade. In the latest filing (202406), the organization reported revenues of $407,169 against expenses of $325,443, indicating a healthy surplus. The organization's assets have also shown a positive trend, growing from $60,870 in 2020 to $160,936 in 2024, suggesting prudent financial management and accumulation of resources. Liabilities remain very low, at $701 in the latest period, which is a strong indicator of financial stability.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program services and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a significant positive for spending efficiency and donor confidence. The consistent filing of IRS Form 990s over 14 periods also points to a commitment to transparency.
Overall, Well For The Journey Inc appears to be a financially stable and efficiently run organization. Its consistent revenue generation, asset growth, minimal liabilities, and lack of officer compensation contribute to a positive assessment of its financial health and commitment to its mission.