Quick charity verification for Wisconsin Cove Inc (EIN: 204149756)
Verdict: Wisconsin Cove Inc appears trustworthy
70/100Mission Score
$177KRevenue
$1.5MAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits over multiple years (e.g., 202309: Revenue $136,001, Expenses $216,392)
Declining asset base over the long term (from $2,126,526 in 201609 to $1,564,854 in 202409)
Strengths
Zero reported officer compensation, indicating highly efficient or volunteer-based leadership.
Consistent IRS 990 filing history (14 filings), demonstrating commitment to transparency and compliance.
Substantial asset base ($1,564,854 in 202409) provides a buffer despite operational deficits.
Recent significant revenue increase in 202409 ($233,952) could signal a positive turnaround.
Spending Breakdown
How Wisconsin Cove 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 Wisconsin Cove Inc
Is Wisconsin Cove Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wisconsin Cove Inc (EIN: 204149756) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
Is Wisconsin Cove Inc a good charity to donate to?
Wisconsin Cove Inc has a Mission Score of 70/100. Revenue: $177K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wisconsin Cove Inc?
The Employer Identification Number (EIN) for Wisconsin Cove Inc is 204149756. 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 Wisconsin Cove Inc spend its money?
Wisconsin Cove Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wisconsin Cove Inc's tax-exempt status?
You can verify Wisconsin Cove Inc's tax-exempt status using EIN 204149756 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
Wisconsin Cove Inc. demonstrates consistent financial activity, with revenues generally ranging between $125,000 and $145,000 for most of the past decade, though the latest filing (202409) shows a notable increase to $233,952. Expenses have frequently exceeded revenue, leading to a gradual decline in assets from over $2 million in 2017 to $1.56 million in the latest period. This trend suggests the organization has been operating at a deficit for several years, drawing down its reserves. The organization's liabilities have fluctuated but remain a relatively small portion of its total assets.
Regarding spending efficiency, without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data, it's challenging to precisely assess. However, the consistent lack of reported officer compensation across all filings indicates a potential for high efficiency in leadership costs, or that leadership is entirely volunteer-based. The organization's assets, while declining, still provide a substantial base relative to its annual revenue, suggesting some financial stability despite the operational deficits.
Transparency appears strong in terms of executive compensation, as zero officer compensation is reported across all available filings. However, a more detailed breakdown of expenses would enhance transparency regarding how funds are allocated between programs, administration, and fundraising. The consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to regulatory compliance and public disclosure.