Quick charity verification for William James Foundation Inc (EIN: 141782873)
Verdict: William James Foundation Inc appears trustworthy
85/100Mission Score
$381KRevenue
$6.7MAssets
2Red Flags
4Strengths
Red Flags
Declining revenue trend in recent years (from $978,038 in 2019 to $380,805 latest reported).
Expenses sometimes exceed revenue, leading to operating deficits (e.g., $683,658 expenses vs. $538,623 revenue in 2023).
Strengths
Substantial asset base ($6,692,595) providing long-term financial stability.
Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission.
Low liabilities across most filing periods, suggesting sound financial management.
Consistent IRS 990 filing history demonstrates transparency.
Spending Breakdown
How William James 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 William James Foundation Inc
Is William James Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, William James Foundation Inc (EIN: 141782873) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is William James Foundation Inc a good charity to donate to?
William James Foundation Inc has a Mission Score of 85/100. Revenue: $381K. Assets: $6.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for William James Foundation Inc?
The Employer Identification Number (EIN) for William James Foundation Inc is 141782873. 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 William James Foundation Inc spend its money?
William James Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify William James Foundation Inc's tax-exempt status?
You can verify William James Foundation Inc's tax-exempt status using EIN 141782873 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 William James Foundation Inc. demonstrates a generally stable financial position with significant assets relative to its annual revenue. While the latest reported revenue is $380,805, the organization's assets stand at $6,692,595, indicating a strong endowment or investment base. Over the past few years, revenue has fluctuated, with a notable decrease from $978,038 in 2019 to $538,623 in 2023, and a further drop to the latest reported $380,805. Expenses have also varied, sometimes exceeding revenue, as seen in 2023 where expenses were $683,658 against $538,623 in revenue, resulting in a deficit. However, the organization's substantial asset base provides a buffer against these operational deficits.
The organization consistently reports zero officer compensation across all available filings, which is a positive indicator of efficient spending and a focus on mission rather than executive salaries. The low liabilities reported in most periods also suggest sound financial management. While specific program spending percentages are not provided in the raw data, the absence of officer compensation implies that a larger portion of expenses is likely directed towards programmatic activities or operational costs necessary for its mission. The consistent filing of IRS 990s over a decade demonstrates a commitment to transparency.