Is Women Networking In Electronic Transactions Legit?
Quick charity verification for Women Networking In Electronic Transactions (EIN: 204028364)
Verdict: Women Networking In Electronic Transactions appears trustworthy
92/100Mission Score
$1.3MRevenue
$490KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $287,430 in 2014 to $1,333,725 in 2023.
Strong financial surpluses in recent years, with revenue exceeding expenses (e.g., $1,333,725 revenue vs. $1,203,831 expenses in 2023).
No reported officer compensation across all 13 filings, indicating high efficiency and potentially volunteer leadership.
Healthy and growing asset base, reaching $639,175 in 2023.
Extensive filing history (13 years) demonstrating consistent transparency.
Spending Breakdown
How Women Networking In Electronic Transactions allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Women Networking In Electronic Transactions
Is Women Networking In Electronic Transactions a legitimate charity?
Based on AI analysis of IRS 990 filings, Women Networking In Electronic Transactions (EIN: 204028364) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Women Networking In Electronic Transactions a good charity to donate to?
Women Networking In Electronic Transactions has a Mission Score of 92/100. Revenue: $1.3M. Assets: $490K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Women Networking In Electronic Transactions?
The Employer Identification Number (EIN) for Women Networking In Electronic Transactions is 204028364. 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 Women Networking In Electronic Transactions spend its money?
Women Networking In Electronic Transactions allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Women Networking In Electronic Transactions's tax-exempt status?
You can verify Women Networking In Electronic Transactions's tax-exempt status using EIN 204028364 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
Women Networking In Electronic Transactions (WNET) demonstrates strong financial health and growth, with revenue consistently exceeding expenses in recent years. For example, in 2023, revenue was $1,333,725 against expenses of $1,203,831, resulting in a surplus. The organization's assets have also shown a healthy upward trend, reaching $639,175 in 2023, indicating good financial management and capacity.
WNET appears to be highly efficient in its spending, with a significant portion of its budget likely directed towards program services, given the absence of reported officer compensation and the overall financial surpluses. The consistent growth in revenue over the past decade, from $287,430 in 2014 to over $1.3 million in 2023, suggests increasing support and impact.
Transparency is a notable strength, particularly with the consistent reporting of 0% officer compensation across all available filings, which indicates that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. The availability of 13 years of IRS 990 filings further enhances their transparency.