Is Working America Education Fund Legit?

Quick charity verification for Working America Education Fund (EIN: 202035052)

Verdict: Working America Education Fund appears trustworthy

95/100Mission Score
$15.1MRevenue
$51.4MAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

Spending Breakdown

How Working America Education Fund 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 Working America Education Fund

Is Working America Education Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Working America Education Fund (EIN: 202035052) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Working America Education Fund a good charity to donate to?

Working America Education Fund has a Mission Score of 95/100. Revenue: $15.1M. Assets: $51.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Working America Education Fund?

The Employer Identification Number (EIN) for Working America Education Fund is 202035052. 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 Working America Education Fund spend its money?

Working America Education Fund allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Working America Education Fund's tax-exempt status?

You can verify Working America Education Fund's tax-exempt status using EIN 202035052 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

Working America Education Fund demonstrates a fluctuating but generally strong financial position, with assets significantly increasing over the past few years, reaching $13,982,650 in 2023. The organization consistently reports 0% officer compensation across all available filings, which is a notable indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. While revenue and expenses have varied, the organization has managed its liabilities effectively, maintaining a healthy asset-to-liability ratio. For instance, in 2023, assets were $13,982,650 against liabilities of $9,053,198, indicating a solid financial foundation. The organization's spending efficiency appears to be robust, especially given the consistent reporting of no officer compensation. This suggests that operational costs are managed without significant executive overhead. The substantial increase in assets from $178,981 in 2020 to over $13 million in 2023, alongside a peak revenue of $17,931,354 in 2021, indicates effective fundraising and asset management. The consistent filing of IRS 990s over 13 periods further underscores a commitment to transparency and regulatory compliance.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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