Is Wilson Family Foundation Inc Legit? —…

Quick charity verification for Wilson Family Foundation Inc (EIN: 205982816)

Spending Breakdown

How Wilson Family Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Wilson Family Foundation Inc

Is Wilson Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Wilson Family Foundation Inc (EIN: 205982816) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.

Is Wilson Family Foundation Inc a good charity to donate to?

Wilson Family Foundation Inc has a Mission Score of 85/100. Revenue: $5.5M. Assets: $8.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Wilson Family Foundation Inc?

The Employer Identification Number (EIN) for Wilson Family Foundation Inc is 205982816. 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 Wilson Family Foundation Inc spend its money?

Wilson Family Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Wilson Family Foundation Inc's tax-exempt status?

You can verify Wilson Family Foundation Inc's tax-exempt status using EIN 205982816 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 Wilson Family Foundation Inc. demonstrates a highly variable financial history, with significant fluctuations in revenue and expenses over the past decade. While the latest reported revenue of $5,548,246 and assets of $8,346,584 indicate a substantial increase in resources, the organization's financial activity has been inconsistent. For instance, revenue jumped from $2,483,353 in 2022 to $6,227,458 in 2023, while expenses also saw a considerable rise from $289,000 to $3,361,768 in the same period. This volatility suggests that the foundation may be heavily reliant on large, infrequent contributions or investment gains rather than a stable, recurring funding base. The consistent reporting of $1 in liabilities across multiple recent filings is unusual and could warrant further investigation into the accuracy of financial reporting or the nature of its liabilities.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the significant increase in expenses from $289,000 in 2022 to $3,361,768 in 2023, alongside a substantial revenue increase, suggests a scaling up of operations. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive sign for efficiency. The foundation's transparency appears adequate based on the availability of 990 filings, but the lack of detailed expense categorization in the provided data limits a deeper analysis of spending efficiency.

Overall, the foundation shows a pattern of growth in recent years, particularly in 2023, with a strong asset base. The absence of officer compensation is a notable strength. However, the extreme variability in revenue and expenses, coupled with the unusual liability reporting, suggests a need for closer scrutiny of its financial stability and reporting practices to fully understand its long-term health and operational consistency.

Is Wilson Family Foundation Inc Legit?

Verdict: Wilson Family Foundation Inc appears trustworthy

Red Flags

Strengths