Friend Of Wickland Inc
Friend Of Wickland Inc consistently operates with zero officer compensation but frequently runs annual deficits.
EIN: 202920725 · Bardstown, KY · NTEE: T23 · Updated: 2026-03-28
Is Friend Of Wickland Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friend Of Wickland Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friend Of Wickland Inc
Friend Of Wickland Inc (EIN: 202920725) is a nonprofit organization based in Bardstown, KY, classified under NTEE code T23. The organization reported total revenue of $25K and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friend Of Wickland Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friend Of Wickland Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Friend Of Wickland Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friend Of Wickland Inc's IRS 990 filings:
- Frequent operating deficits (7 out of 10 periods)
- Declining assets from a high of $39,073 in 2019 to $15,316 in 2023
Strengths
The following positive indicators were identified for Friend Of Wickland Inc:
- Consistent zero officer compensation
- Very low liabilities ($0 or $1 across all filings)
- Long filing history (10 periods) indicating sustained operation
Frequently Asked Questions about Friend Of Wickland Inc
Is Friend Of Wickland Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friend Of Wickland Inc (EIN: 202920725) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Friend Of Wickland Inc spend its money?
Friend Of Wickland Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friend Of Wickland Inc tax-deductible?
Friend Of Wickland Inc is registered as a tax-exempt nonprofit (EIN: 202920725). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friend Of Wickland Inc a good charity?
Friend Of Wickland Inc demonstrates strong commitment to its mission by operating with zero officer compensation, meaning all leadership is volunteer. However, it frequently spends more than it earns, which could be a concern for long-term financial stability.
How does Friend Of Wickland Inc manage its finances given frequent deficits?
The organization appears to manage deficits by drawing from its accumulated assets, which have fluctuated over time. For example, in 2020, expenses were $36,385 against $12,387 in revenue, likely covered by prior reserves.
What is the trend in Friend Of Wickland Inc's revenue?
Revenue has been inconsistent, ranging from a low of $9,625 in 2015 to a high of $30,590 in 2022. The latest revenue of $24,837 in 2023 is within its typical range but shows no clear upward trend.
Filing History
IRS 990 filing history for Friend Of Wickland Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Friend Of Wickland Inc's revenue has grown by 47.5%, moving from $17K to $25K. Total assets decreased by 46% over the same period, from $28K to $15K. Total functional expenses rose by 49.5%, from $17K to $26K. In its most recent filing year (2023), Friend Of Wickland Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $15K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $26K | $15K | $1 | — | — |
| 2022 | $31K | $33K | $17K | $1 | — | — |
| 2021 | $19K | $18K | $16K | $1 | — | — |
| 2020 | $12K | $36K | $15K | $1 | — | View 990 |
| 2019 | $29K | $20K | $39K | $1 | — | View 990 |
| 2015 | $10K | $14K | $27K | $0 | — | View 990 |
| 2014 | $16K | $21K | $31K | $0 | — | View 990 |
| 2013 | $23K | $18K | $36K | $0 | — | View 990 |
| 2012 | $15K | $12K | $31K | $0 | — | View 990 |
| 2011 | $17K | $17K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $26K, and assets of $15K (revenue -18.8% year-over-year).
- 2022: Revenue of $31K, expenses of $33K, and assets of $17K (revenue +60.8% year-over-year).
- 2021: Revenue of $19K, expenses of $18K, and assets of $16K (revenue +53.5% year-over-year).
- 2020: Revenue of $12K, expenses of $36K, and assets of $15K (revenue -56.8% year-over-year).
- 2019: Revenue of $29K, expenses of $20K, and assets of $39K (revenue +198.2% year-over-year).
- 2015: Revenue of $10K, expenses of $14K, and assets of $27K (revenue -38.9% year-over-year).
- 2014: Revenue of $16K, expenses of $21K, and assets of $31K (revenue -31.4% year-over-year).
- 2013: Revenue of $23K, expenses of $18K, and assets of $36K (revenue +56.4% year-over-year).
- 2012: Revenue of $15K, expenses of $12K, and assets of $31K (revenue -12.8% year-over-year).
- 2011: Revenue of $17K, expenses of $17K, and assets of $28K.
Data Sources and Methodology
This transparency report for Friend Of Wickland Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.