Quick charity verification for Westbrook Development Corporation (EIN: 10434709)
Verdict: Westbrook Development Corporation appears trustworthy
90/100Mission Score
$3.6MRevenue
$8.8MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation may indicate alternative compensation structures or reliance on volunteer leadership, which could be unsustainable long-term for an organization of this size.
Strengths
Strong and consistent revenue growth, from $613,507 in 2019 to $1,973,842 in 2023.
Significant asset accumulation, growing from $2,730,455 in 2019 to $6,166,663 in 2023.
Very low expense-to-revenue ratio, indicating high operational efficiency and financial surpluses.
Zero reported officer compensation across all filings, suggesting a strong commitment to mission-focused spending.
Spending Breakdown
How Westbrook Development Corporation 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 Westbrook Development Corporation
Is Westbrook Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Westbrook Development Corporation (EIN: 10434709) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Westbrook Development Corporation a good charity to donate to?
Westbrook Development Corporation has a Mission Score of 90/100. Revenue: $3.6M. Assets: $8.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Westbrook Development Corporation?
The Employer Identification Number (EIN) for Westbrook Development Corporation is 10434709. 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 Westbrook Development Corporation spend its money?
Westbrook Development Corporation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Westbrook Development Corporation's tax-exempt status?
You can verify Westbrook Development Corporation's tax-exempt status using EIN 10434709 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
Westbrook Development Corporation demonstrates strong financial growth and efficiency based on its recent IRS 990 filings. The organization has consistently increased its revenue and assets over the past several years, with revenue growing from $613,507 in 2019 to $1,973,842 in 2023. This growth is accompanied by a healthy expense ratio; for example, in 2023, expenses were $684,863 against revenue of $1,973,842, indicating a significant surplus that contributes to asset accumulation. The organization's assets have also seen substantial growth, from $2,730,455 in 2019 to $6,166,663 in 2023, suggesting effective financial management and reinvestment.
The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the organization's mission rather than executive salaries. This practice, combined with a clear trend of increasing assets and controlled liabilities, paints a picture of a financially sound and well-managed nonprofit. The organization's ability to generate significant surpluses year over year, particularly in recent periods, positions it well for future program expansion and impact.