Is Wfk Ice House Foundation Inc Legit?

Quick charity verification for Wfk Ice House Foundation Inc (EIN: 201818898)

Verdict: Wfk Ice House Foundation Inc appears trustworthy

75/100Mission Score
$49KRevenue
$292KAssets
2Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Wfk Ice House Foundation Inc allocates its funds across programs, administration, and fundraising.

80%
Program Spending
Healthy — majority goes to mission
15%
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 Wfk Ice House Foundation Inc

Is Wfk Ice House Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Wfk Ice House Foundation Inc (EIN: 201818898) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Wfk Ice House Foundation Inc a good charity to donate to?

Wfk Ice House Foundation Inc has a Mission Score of 75/100. Revenue: $49K. Assets: $292K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Wfk Ice House Foundation Inc?

The Employer Identification Number (EIN) for Wfk Ice House Foundation Inc is 201818898. 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 Wfk Ice House Foundation Inc spend its money?

Wfk Ice House Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Wfk Ice House Foundation Inc's tax-exempt status?

You can verify Wfk Ice House Foundation Inc's tax-exempt status using EIN 201818898 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 Wfk Ice House Foundation Inc. demonstrates consistent financial activity, with revenues and expenses fluctuating over the past decade. In the most recent filing (202312), the organization reported revenues of $44,864 against expenses of $51,611, indicating a deficit for the period. This trend of expenses exceeding revenue is also observed in several other years, such as 202212 ($40,734 revenue vs. $44,166 expenses) and 201912 ($24,786 revenue vs. $34,846 expenses). Despite these operational deficits, the organization maintains a stable asset base, with assets around $290,000 in recent years, suggesting a reliance on accumulated reserves or non-operating income to cover shortfalls. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-led or very lean administrative structure, which is a positive sign for donor confidence regarding executive pay. The organization's financial health appears stable due to its asset base, but its operational sustainability relies on either increasing revenue or controlling expenses more effectively to avoid consistent deficits. The absence of officer compensation is a strong indicator of spending efficiency in that area. However, without a detailed breakdown of program, administrative, and fundraising expenses, a comprehensive assessment of overall spending efficiency is challenging. The consistent filing of IRS Form 990s over a long period demonstrates a commitment to transparency in financial reporting.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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