Strong program focus due to minimal administrative overhead.
Spending Breakdown
How Westerly Education Endowment Fund Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Westerly Education Endowment Fund Inc
Is Westerly Education Endowment Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Westerly Education Endowment Fund Inc (EIN: 201963637) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Westerly Education Endowment Fund Inc a good charity to donate to?
Westerly Education Endowment Fund Inc has a Mission Score of 95/100. Revenue: $8K. Assets: $164K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Westerly Education Endowment Fund Inc?
The Employer Identification Number (EIN) for Westerly Education Endowment Fund Inc is 201963637. 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 Westerly Education Endowment Fund Inc spend its money?
Westerly Education Endowment Fund Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Westerly Education Endowment Fund Inc's tax-exempt status?
You can verify Westerly Education Endowment Fund Inc's tax-exempt status using EIN 201963637 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 Westerly Education Endowment Fund Inc. demonstrates consistent financial stability, with assets growing from $33,529 in 2010 to $190,283 in 2023. The organization consistently reports zero liabilities, indicating a strong balance sheet and responsible financial management. While revenue has fluctuated, with a peak of $74,535 in 2017 and $62,216 in 2018, the organization has maintained positive net assets. The most recent filing (2023) shows expenses slightly exceeding revenue ($12,804 vs. $11,407), but this is a minor deficit in the context of its overall asset growth.
Spending efficiency appears high given that officer compensation has consistently been reported as 0% across all available filings, suggesting that the organization relies heavily on volunteer efforts for its leadership. This significantly reduces administrative overhead, allowing a greater proportion of funds to be directed towards its educational mission. The consistent growth in assets over more than a decade further supports a picture of prudent financial stewardship.
Transparency is excellent, as the organization consistently files its IRS Form 990s, providing public access to its financial data. The absence of officer compensation also simplifies financial reporting and enhances trust, as there are no concerns about excessive executive pay. Overall, the Westerly Education Endowment Fund Inc. appears to be a financially healthy and efficiently run organization with a strong commitment to its mission.