Quick charity verification for Wright Family Foundation Inc (EIN: 141798255)
Verdict: Wright Family Foundation Inc appears trustworthy
90/100Mission Score
$5.7MRevenue
$23.7MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency.
Substantial and stable asset base (around $20 million) for long-term impact.
Consistent filing of IRS 990s, demonstrating transparency.
Low administrative overhead relative to assets and grantmaking activities.
Spending Breakdown
How Wright Family Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Wright Family Foundation Inc
Is Wright Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wright Family Foundation Inc (EIN: 141798255) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Wright Family Foundation Inc a good charity to donate to?
Wright Family Foundation Inc has a Mission Score of 90/100. Revenue: $5.7M. Assets: $23.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wright Family Foundation Inc?
The Employer Identification Number (EIN) for Wright Family Foundation Inc is 141798255. 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 Wright Family Foundation Inc spend its money?
Wright Family Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wright Family Foundation Inc's tax-exempt status?
You can verify Wright Family Foundation Inc's tax-exempt status using EIN 141798255 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 Wright Family Foundation Inc. demonstrates a consistent pattern of grantmaking, with its primary financial activity revolving around distributing funds rather than extensive operational expenses. Over the past decade, the foundation has maintained substantial assets, averaging around $20 million, indicating a strong endowment base for its philanthropic activities. While revenue has fluctuated significantly, including negative revenue in some years (e.g., -$2,856,258 in 202209), this is not uncommon for foundations that primarily receive investment income and may experience market downturns. The foundation consistently reports 0% officer compensation, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than administrative overhead. The relatively low and stable expense figures, compared to its asset base, suggest a lean operational structure. The foundation's transparency is high given the consistent filing of IRS Form 990s, which are publicly accessible documents detailing its financial activities.