Is West Virginia Association For Young…

Quick charity verification for West Virginia Association For Young Children (EIN: 204374389)

Strengths

Significant revenue growth: Revenue increased from $65,007 in 2022 to $156,142 in 2023.
Strong asset growth: Assets grew from $47,737 in 2022 to $77,523 in 2023.
Zero liabilities: The organization reported $0 in liabilities for both 2022 and 2023, indicating excellent financial stability.
No reported officer compensation: This suggests a high potential for funds to be directed towards programmatic activities.
Consistent surplus generation: Expenses ($126,356 in 2023) were consistently lower than revenue ($156,142 in 2023), leading to a healthy surplus.

Spending Breakdown

How West Virginia Association For Young Children allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 West Virginia Association For Young Children

Is West Virginia Association For Young Children a legitimate charity?

Based on AI analysis of IRS 990 filings, West Virginia Association For Young Children (EIN: 204374389) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.

Is West Virginia Association For Young Children a good charity to donate to?

West Virginia Association For Young Children has a Mission Score of 85/100. Revenue: $236K. Assets: $117K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for West Virginia Association For Young Children?

The Employer Identification Number (EIN) for West Virginia Association For Young Children is 204374389. 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 West Virginia Association For Young Children spend its money?

West Virginia Association For Young Children allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify West Virginia Association For Young Children's tax-exempt status?

You can verify West Virginia Association For Young Children's tax-exempt status using EIN 204374389 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

The West Virginia Association For Young Children demonstrates a generally healthy financial position with consistent growth in revenue and assets over the past two years. In 2023, the organization reported revenues of $156,142 against expenses of $126,356, resulting in a surplus that contributed to an increase in assets to $77,523. This positive trend is also evident when comparing 2023 to 2022, where revenue more than doubled from $65,007 to $156,142, and assets grew significantly from $47,737 to $77,523. The organization's liabilities have remained at $0 in both reported periods, indicating strong financial management and no outstanding debt. This suggests a stable and growing financial foundation for the organization's operations.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, it's challenging to give a precise assessment. However, the consistent surplus generation suggests that expenses are well-managed relative to income. The absence of reported officer compensation in both periods indicates that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to lower administrative overhead. This practice, if sustained, can free up more resources for programmatic activities.

In terms of transparency, the organization has filed its IRS Form 990 for both 2022 and 2023, which is a positive indicator of compliance and public accountability. The consistent growth in assets and revenue, coupled with zero liabilities, points to a well-managed and financially transparent operation. Further detailed expense breakdowns in future filings would enhance the ability to fully assess spending efficiency and program impact.

Is West Virginia Association For Young Children Legit?

Verdict: West Virginia Association For Young Children appears trustworthy