Maintains a stable asset base ($67,646 latest) relative to its operational size, ensuring continuity of its mission.
Low administrative overhead, with most expenses likely directed to program services.
Spending Breakdown
How Whelan Family Scholarship Fund 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 Whelan Family Scholarship Fund
Is Whelan Family Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Whelan Family Scholarship Fund (EIN: 203207724) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Whelan Family Scholarship Fund a good charity to donate to?
Whelan Family Scholarship Fund has a Mission Score of 85/100. Revenue: $2K. Assets: $68K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Whelan Family Scholarship Fund?
The Employer Identification Number (EIN) for Whelan Family Scholarship Fund is 203207724. 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 Whelan Family Scholarship Fund spend its money?
Whelan Family Scholarship Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Whelan Family Scholarship Fund's tax-exempt status?
You can verify Whelan Family Scholarship Fund's tax-exempt status using EIN 203207724 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 Whelan Family Scholarship Fund appears to be a very small, family-run scholarship fund with minimal financial activity. Its revenue has been highly inconsistent, ranging from $44 in 2020 to $55,680 in 2022. Expenses are generally low, often around $1,000-$1,500 annually, though they spiked to $3,238 in 2023. The organization consistently reports zero officer compensation, indicating a volunteer-driven model. Given its small scale and specific mission, its financial health is stable in terms of assets ($67,646 latest, with a peak of $73,404 in 2022) relative to its operational size, though it frequently spends more than it brings in during a given year, drawing down its asset base, as seen in 2023 where expenses of $3,238 exceeded revenue of $1,030. Transparency is high due to consistent 990 filings and no reported liabilities or officer compensation, which simplifies financial analysis.