Occasional operating deficits where expenses exceed revenue, such as in 2023 and 2022, which could indicate reliance on reserves or inconsistent funding.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and dedication of resources to mission.
Long history of IRS 990 filings (14 filings), demonstrating consistent transparency and compliance.
Spending Breakdown
How Wesco Housing Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Wesco Housing Corporation
Is Wesco Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wesco Housing Corporation (EIN: 203167493) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
Is Wesco Housing Corporation a good charity to donate to?
Wesco Housing Corporation has a Mission Score of 90/100. Revenue: $516K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wesco Housing Corporation?
The Employer Identification Number (EIN) for Wesco Housing Corporation is 203167493. 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 Wesco Housing Corporation spend its money?
Wesco Housing Corporation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wesco Housing Corporation's tax-exempt status?
You can verify Wesco Housing Corporation's tax-exempt status using EIN 203167493 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
Wesco Housing Corporation demonstrates consistent financial operations, primarily focused on housing initiatives as indicated by its NTEE code L21. Over the past several years, the organization has maintained a stable asset base, with assets consistently above $1.5 million, reaching $1,813,144 in its latest filing. While revenue has fluctuated, notably a peak of $653,829 in 2021 followed by a decrease to $215,357 in 2023, the organization has managed its expenses, which have generally remained below $300,000 annually. The absence of reported officer compensation across all available filings suggests a volunteer-led or very lean executive structure, contributing positively to its spending efficiency.
The organization's financial health appears stable, though it has experienced periods where expenses exceeded revenue, such as in 2023 ($289,117 expenses vs. $215,357 revenue) and 2022 ($244,822 expenses vs. $211,265 revenue). This indicates reliance on prior year surpluses or other funding sources to cover operational costs during those periods. However, the substantial asset base provides a buffer. The consistent reporting of zero officer compensation across all filings is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice, combined with regular IRS 990 filings, suggests a high level of financial transparency.