Quick charity verification for Wolfe Family Foundation (EIN: 202276999)
Verdict: Wolfe Family Foundation shows mixed signals
65/100Mission Score
$14KRevenue
$224KAssets
3Red Flags
3Strengths
Red Flags
Significant and inconsistent fluctuations in annual revenue and expenses, making financial planning and sustainability uncertain.
Expenses frequently exceeding revenue, leading to a consistent draw-down on assets since 2020 (from $457,652 to $280,657).
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering full efficiency assessment.
Strengths
Consistent reporting of 0% officer compensation, indicating no executive salaries or benefits.
Very low liabilities, consistently reported as $1, suggesting strong financial solvency regarding debt.
Consistent filing history with 10 filings, demonstrating compliance with IRS reporting requirements.
Spending Breakdown
How Wolfe Family Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Wolfe Family Foundation
Is Wolfe Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wolfe Family Foundation (EIN: 202276999) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Wolfe Family Foundation a good charity to donate to?
Wolfe Family Foundation has a Mission Score of 65/100. Revenue: $14K. Assets: $224K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wolfe Family Foundation?
The Employer Identification Number (EIN) for Wolfe Family Foundation is 202276999. 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 Wolfe Family Foundation spend its money?
Wolfe Family Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wolfe Family Foundation's tax-exempt status?
You can verify Wolfe Family Foundation's tax-exempt status using EIN 202276999 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 Wolfe Family Foundation exhibits inconsistent financial activity over the past decade. While the organization reported significant revenue in some years, such as $924,410 in 2020 and $313,051 in 2021, its latest reported revenue for 2023 was only $16,687, a substantial decrease. Expenses have also fluctuated, often exceeding revenue, leading to a decline in assets from a peak of $457,652 in 2020 to $280,657 in 2023. The foundation consistently reports zero officer compensation, which is a positive indicator for donor confidence regarding executive pay.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent pattern of expenses exceeding revenue in multiple years (e.g., $138,090 expenses vs. $16,687 revenue in 2023; $226,900 expenses vs. $220,582 revenue in 2022) suggests that the organization may be drawing down on its assets or relying on prior year surpluses. The foundation's liabilities have consistently been reported as $1, indicating a very low debt burden.
In terms of transparency, the organization has a consistent filing history with 10 filings, which is good. The lack of officer compensation is also a strong point for transparency. However, without more granular expense data, a complete picture of how funds are allocated to programs versus overhead remains elusive. The significant swings in revenue and expenses warrant closer examination for potential donors.