Is Wolcott Sports Complex Inc Legit? —…

Red Flags

Dramatic decline in assets from over $1.4 million to $10,489 between 2013 and 2018.
Consistent operational deficits where expenses exceed revenue in multiple reported periods.
Significant volatility and low revenue generation in most reported periods.
Discrepancy between 'Latest Revenue' and figures in provided filing history, indicating potential lack of up-to-date public data or a recent, unverified surge.

Spending Breakdown

How Wolcott Sports Complex Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Wolcott Sports Complex Inc

Is Wolcott Sports Complex Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Wolcott Sports Complex Inc (EIN: 200177844) shows mixed signals. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.

Is Wolcott Sports Complex Inc a good charity to donate to?

Wolcott Sports Complex Inc has a Mission Score of 40/100. Revenue: $279K. Assets: $10K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Wolcott Sports Complex Inc?

The Employer Identification Number (EIN) for Wolcott Sports Complex Inc is 200177844. 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 Wolcott Sports Complex Inc spend its money?

Wolcott Sports Complex Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Wolcott Sports Complex Inc's tax-exempt status?

You can verify Wolcott Sports Complex Inc's tax-exempt status using EIN 200177844 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

Wolcott Sports Complex Inc. exhibits a concerning financial trajectory, marked by a significant decline in assets and inconsistent revenue generation. While the organization reported assets of over $1.49 million in 2011-2013, this plummeted to just $10,489 by 2018, indicating a substantial loss of financial stability. Revenue has also been highly volatile, peaking at $50,596 in 2011 but dropping to $20,988 in 2018, despite a reported latest revenue of $278,952 which is not reflected in the provided filing history, raising questions about the most recent financial period's details. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership, which can be a positive for efficiency, but the overall financial health appears precarious.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent reporting of expenses exceeding revenue in multiple periods (e.g., $23,648 expenses vs. $20,988 revenue in 2018; $32,119 expenses vs. $24,334 revenue in 2013) indicates an operational deficit, which is unsustainable long-term. The dramatic reduction in assets from over $1.4 million to just over $10,000 is a major red flag regarding asset management and long-term viability. Transparency is moderate, with filings available, but the discrepancy between the 'latest revenue' provided and the highest revenue in the filing history warrants further investigation to understand the most current financial picture.

Is Wolcott Sports Complex Inc Legit?

Verdict: Wolcott Sports Complex Inc shows mixed signals