Quick charity verification for Wf Whitman Family Foundation Inc (EIN: 200413209)
Verdict: Wf Whitman Family Foundation Inc appears trustworthy
90/100Mission Score
$4.9MRevenue
$6.8MAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 ($390,957 vs. $287,929), indicating an operating deficit for the year.
Significant fluctuations in annual revenue, from a high of $772,314 in 2012 to a low of $193,307 in 2020, could indicate an inconsistent funding model.
Strengths
Consistently reports 0% officer compensation, indicating highly efficient use of funds and a strong commitment to mission over executive pay.
Maintains a strong and growing asset base, reaching $6,438,392 in 2023, providing financial stability and long-term capacity.
Consistently reports minimal liabilities ($1), demonstrating a very healthy balance sheet and low financial risk.
Long history of IRS 990 filings (10 filings), indicating consistent transparency and compliance.
Spending Breakdown
How Wf Whitman Family Foundation 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 Wf Whitman Family Foundation Inc
Is Wf Whitman Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wf Whitman Family Foundation Inc (EIN: 200413209) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Wf Whitman Family Foundation Inc a good charity to donate to?
Wf Whitman Family Foundation Inc has a Mission Score of 90/100. Revenue: $4.9M. Assets: $6.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wf Whitman Family Foundation Inc?
The Employer Identification Number (EIN) for Wf Whitman Family Foundation Inc is 200413209. 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 Wf Whitman Family Foundation Inc spend its money?
Wf Whitman Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wf Whitman Family Foundation Inc's tax-exempt status?
You can verify Wf Whitman Family Foundation Inc's tax-exempt status using EIN 200413209 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 Wf Whitman Family Foundation Inc. demonstrates consistent financial stability with growing assets over the past decade, reaching $6,438,392 in 2023. The organization consistently reports minimal liabilities ($1), indicating a strong balance sheet and low financial risk. While revenue has fluctuated, with a notable dip to $287,929 in 2023 from a high of $772,314 in 2012, the foundation has maintained a healthy asset base.
Spending efficiency appears to be a key characteristic, as the organization consistently reports 0% officer compensation, suggesting that administrative costs related to executive salaries are non-existent. This allows a greater proportion of funds to be directed towards its mission. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess the program spending ratio. In 2023, expenses ($390,957) exceeded revenue ($287,929), resulting in a net loss for the year, which is a point to monitor, though it hasn't significantly eroded the substantial asset base.
Transparency is generally good given the consistent filing of IRS Form 990s over a long period. The absence of officer compensation is a strong indicator of financial prudence and a focus on mission over executive pay. The consistent reporting of minimal liabilities also contributes to a clear financial picture. Further transparency could be enhanced with more detailed public reporting on program outcomes and specific grant distributions.