Quick charity verification for Wizard Academy (EIN: 201437374)
Verdict: Wizard Academy appears trustworthy
85/100Mission Score
$1.4MRevenue
$3.1MAssets
2Red Flags
4Strengths
Red Flags
Operating deficits in recent years (e.g., 2023 expenses exceeded revenue by $92,463; 2022 expenses exceeded revenue by $410,268)
Fluctuating revenue streams, making financial forecasting potentially challenging
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating high transparency and efficient use of funds for mission-related activities.
Stable and substantial asset base, consistently over $3 million, providing financial resilience.
Very low liabilities, such as $15,150 in 2023, indicating minimal debt burden.
Long filing history (13 filings) demonstrating consistent compliance and operational longevity.
Spending Breakdown
How Wizard Academy 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 Wizard Academy
Is Wizard Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Wizard Academy (EIN: 201437374) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Wizard Academy a good charity to donate to?
Wizard Academy has a Mission Score of 85/100. Revenue: $1.4M. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wizard Academy?
The Employer Identification Number (EIN) for Wizard Academy is 201437374. 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 Wizard Academy spend its money?
Wizard Academy allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wizard Academy's tax-exempt status?
You can verify Wizard Academy's tax-exempt status using EIN 201437374 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
Wizard Academy demonstrates consistent financial operations, with revenues fluctuating but generally staying above $800,000 in recent years, reaching $1,505,761 in 2023. The organization has maintained a stable asset base, consistently above $3 million, indicating a solid financial foundation. However, expenses have frequently exceeded revenue, as seen in 2023 ($1,598,224 expenses vs. $1,505,761 revenue) and 2022 ($1,396,225 expenses vs. $985,957 revenue), leading to net deficits in those periods. This trend suggests a need for closer monitoring of expenditure growth relative to income generation.
The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the consistent reporting of 0% officer compensation across all available filings is a significant indicator of strong financial transparency and a commitment to minimizing overhead related to executive pay. This practice is highly commendable and suggests that resources are likely directed towards the organization's mission rather than high executive salaries. The low liability figures, such as $15,150 in 2023, also point to responsible financial management and minimal debt burden.
Overall, Wizard Academy appears to be a financially stable organization with a strong commitment to transparency regarding executive compensation. While recent deficits warrant attention, the substantial asset base and minimal liabilities provide a buffer. A more detailed breakdown of functional expenses would further enhance the assessment of spending efficiency and program impact.