Transparent financial reporting with 13 filings available.
Spending Breakdown
How Wentworth Economic Development Corporation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Wentworth Economic Development Corporation Inc
Is Wentworth Economic Development Corporation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wentworth Economic Development Corporation Inc (EIN: 20474842) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Wentworth Economic Development Corporation Inc a good charity to donate to?
Wentworth Economic Development Corporation Inc has a Mission Score of 90/100. Revenue: $270K. Assets: $2.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wentworth Economic Development Corporation Inc?
The Employer Identification Number (EIN) for Wentworth Economic Development Corporation Inc is 20474842. 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 Wentworth Economic Development Corporation Inc spend its money?
Wentworth Economic Development Corporation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wentworth Economic Development Corporation Inc's tax-exempt status?
You can verify Wentworth Economic Development Corporation Inc's tax-exempt status using EIN 20474842 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
Wentworth Economic Development Corporation Inc (WEDCO) demonstrates a generally stable financial position, with assets consistently over $1.4 million in recent years, reaching $1,857,711 in 2023. The organization's revenue has fluctuated, with a notable increase to $581,662 in 2023, up from $255,575 in 2022. While expenses have also risen, reaching $658,803 in 2023, the organization has managed its liabilities, which stood at $788,670 in 2023, representing a manageable portion of its assets. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing resources towards its mission rather than executive salaries, which is a positive sign for spending efficiency and transparency. The organization's financial health appears sound, with a history of managing its resources effectively to support its economic development programs in the Wolfeboro, NH area.