Quick charity verification for Wethersfield Foundation Inc (EIN: 136113816)
Verdict: Wethersfield Foundation Inc appears trustworthy
85/100Mission Score
$10.2MRevenue
$44.6MAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed functional expense breakdown in provided data, limiting precise spending efficiency analysis.
Strengths
Zero reported officer compensation across all filings, indicating high efficiency in this area.
Consistent and substantial asset base, with current assets at $44,649,436, demonstrating strong financial stability.
Regular IRS 990 filing history, indicating good transparency practices.
Low liabilities relative to assets, suggesting sound financial management.
Spending Breakdown
How Wethersfield Foundation 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 Wethersfield Foundation Inc
Is Wethersfield Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wethersfield Foundation Inc (EIN: 136113816) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Wethersfield Foundation Inc a good charity to donate to?
Wethersfield Foundation Inc has a Mission Score of 85/100. Revenue: $10.2M. Assets: $44.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wethersfield Foundation Inc?
The Employer Identification Number (EIN) for Wethersfield Foundation Inc is 136113816. 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 Wethersfield Foundation Inc spend its money?
Wethersfield Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wethersfield Foundation Inc's tax-exempt status?
You can verify Wethersfield Foundation Inc's tax-exempt status using EIN 136113816 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 Wethersfield Foundation Inc. demonstrates a consistent financial profile with substantial assets, averaging over $30 million across its filing history, and a recent peak of $44,649,436. While revenue has fluctuated, with a notable high of $2,450,842 in 2022 and a low of $22,251 in 2014, the organization has generally managed its expenses within a reasonable range relative to its asset base. The absence of reported officer compensation across all ten filings indicates a strong commitment to minimizing administrative overhead in this area, contributing positively to its financial health and transparency.
The foundation's spending efficiency appears to be well-managed, particularly given the zero officer compensation reported. This suggests that a significant portion of its operational expenses are directed towards its programmatic activities. However, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency is limited. The consistent asset base, even during periods of lower revenue, suggests sound financial management and potentially a strong endowment or investment strategy supporting its long-term viability.
In terms of transparency, the consistent filing of IRS Form 990s over a decade is a positive indicator. The lack of reported officer compensation across all filings is a significant strength, demonstrating a clear commitment to directing resources away from executive salaries. To further enhance transparency, a more detailed breakdown of functional expenses (program, administrative, fundraising) would provide a clearer picture of how funds are allocated.