Is Wyatt Family Scholarship Fundirrevocable Trust Legit?
Quick charity verification for Wyatt Family Scholarship Fundirrevocable Trust (EIN: 207200575)
Verdict: Wyatt Family Scholarship Fundirrevocable Trust appears trustworthy
85/100Mission Score
$119KRevenue
$241KAssets
1Red Flags
4Strengths
Red Flags
Consistent annual expenses exceeding reported revenue, indicating reliance on asset drawdowns or other income sources not detailed in these summaries.
Strengths
No reported officer compensation, indicating high efficiency and volunteer leadership.
Zero liabilities across all reported periods, demonstrating strong financial health and management.
Stable asset base (around $230,000-$245,000) over a decade, suggesting prudent financial stewardship.
Consistent IRS 990 filing history (13 filings), indicating strong transparency and compliance.
Spending Breakdown
How Wyatt Family Scholarship Fundirrevocable Trust allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
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 Wyatt Family Scholarship Fundirrevocable Trust
Is Wyatt Family Scholarship Fundirrevocable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Wyatt Family Scholarship Fundirrevocable Trust (EIN: 207200575) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Wyatt Family Scholarship Fundirrevocable Trust a good charity to donate to?
Wyatt Family Scholarship Fundirrevocable Trust has a Mission Score of 85/100. Revenue: $119K. Assets: $241K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wyatt Family Scholarship Fundirrevocable Trust?
The Employer Identification Number (EIN) for Wyatt Family Scholarship Fundirrevocable Trust is 207200575. 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 Wyatt Family Scholarship Fundirrevocable Trust spend its money?
Wyatt Family Scholarship Fundirrevocable Trust allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wyatt Family Scholarship Fundirrevocable Trust's tax-exempt status?
You can verify Wyatt Family Scholarship Fundirrevocable Trust's tax-exempt status using EIN 207200575 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 Wyatt Family Scholarship Fund Irrevocable Trust appears to be a small, well-managed scholarship fund with consistent assets and no liabilities. Its financial health is stable, with assets consistently around $230,000-$245,000 over the past decade. The organization consistently spends more than it brings in through revenue, as seen in 2023 where revenue was $9,472 and expenses were $12,688, and in 2022 with revenue of $4,994 against expenses of $11,559. This suggests it is drawing down on its principal or relying on investment returns not fully captured as 'revenue' in these summaries to cover its scholarship disbursements and operational costs. The absence of officer compensation and liabilities indicates a lean operational structure and strong financial stewardship. Transparency is high given the consistent filing of IRS Form 990s and the clear financial picture presented.