Is Woolmark Americas Inc Legit?

Spending Breakdown

How Woolmark Americas Inc 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 Woolmark Americas Inc

Is Woolmark Americas Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Woolmark Americas Inc (EIN: 131589984) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.

Is Woolmark Americas Inc a good charity to donate to?

Woolmark Americas Inc has a Mission Score of 65/100. Revenue: $2.6M. Assets: $102K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Woolmark Americas Inc?

The Employer Identification Number (EIN) for Woolmark Americas Inc is 131589984. 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 Woolmark Americas Inc spend its money?

Woolmark Americas Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Woolmark Americas Inc's tax-exempt status?

You can verify Woolmark Americas Inc's tax-exempt status using EIN 131589984 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

Woolmark Americas Inc. exhibits a fluctuating financial performance over the past decade, with revenues ranging from $1.47 million to $8.54 million. In the most recent filing (202406), the organization reported expenses exceeding revenue by nearly $500,000 ($3,327,624 in expenses vs. $2,838,349 in revenue), leading to a net deficit. This trend of expenses often closely matching or exceeding revenue is common across several years, indicating a tight operating margin. The organization's assets have also shown significant volatility, from a high of over $2.1 million in 2020 to a low of $60,308 in 2024, suggesting potential challenges in building substantial reserves or managing cash flow effectively.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for efficiency. The organization's liabilities have also varied considerably, reaching over $1.9 million in 2020 and $615,754 in 2024, which, when compared to its assets, raises questions about its long-term financial stability. The lack of detailed expense categories in the provided data limits a full transparency assessment, but the consistent filing of IRS 990s demonstrates a basic level of compliance.

Overall, Woolmark Americas Inc. appears to operate with a lean structure, as evidenced by zero reported officer compensation. However, its financial health is marked by inconsistent revenue generation, frequent operating deficits, and highly variable asset and liability levels. This suggests a need for more stable financial planning and potentially a clearer strategy for building reserves to weather financial fluctuations. The absence of NTEE code and detailed expense breakdowns in the provided data limits a deeper analysis of its programmatic focus and spending efficiency.

Verdict: Woolmark Americas Inc shows mixed signals

Red Flags

Strengths