Greater Waverly Foundation Inc
Greater Waverly Foundation Inc. reports substantial surplus with $269,300 revenue against $64,265 expenses in 2023.
EIN: 113678686 · Columbia, SC · NTEE: P50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $326K |
| Total Expenses | $64K |
| Program Spending | 80% |
| Net Assets | $202K |
| Transparency Score | 85/100 |
Is Greater Waverly Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Waverly Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Waverly Foundation Inc
Greater Waverly Foundation Inc (EIN: 113678686) is a nonprofit organization based in Columbia, SC, classified under NTEE code P50. The organization reported total revenue of $326K and total assets of $219K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Waverly Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Waverly Foundation Inc is a small nonprofit that has been operating for 22 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $269K |
| Total Expenses | $64K |
| Surplus / Deficit | +$205K |
| Total Assets | $269K |
| Total Liabilities | $68K |
| Net Assets | $202K |
| Operating Margin | 76.1% |
| Debt-to-Asset Ratio | 25.2% |
| Months of Reserves | 50.3 months |
Financial Health Grade: A
In 2023, Greater Waverly Foundation Inc reported a surplus of $205K with revenue exceeding expenses, holds 50.3 months of operating reserves (strong position), has a debt-to-asset ratio of 25.2% (moderate leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greater Waverly Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Greater Waverly Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $205K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.2%.
Executive Compensation Analysis
Officer compensation is reported as 0%, indicating that no salaries were paid to officers, which is a positive sign for resource allocation towards the mission.
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.
Strengths
The following positive indicators were identified for Greater Waverly Foundation Inc:
- Strong financial health with a significant surplus ($269,300 revenue vs. $64,265 expenses).
- Zero officer compensation, indicating efficient use of funds for mission-related activities.
- Healthy asset base of $269,300 relative to liabilities of $67,765.
- Good transparency with available IRS 990 filing.
Frequently Asked Questions about Greater Waverly Foundation Inc
Is Greater Waverly Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Waverly Foundation Inc (EIN: 113678686) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Greater Waverly Foundation Inc spend its money?
Greater Waverly Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Waverly Foundation Inc tax-deductible?
Greater Waverly Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113678686). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Waverly Foundation Inc's spending goes to programs?
Greater Waverly Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greater Waverly Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Greater Waverly Foundation Inc is above average for NTEE category P50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Waverly Foundation Inc located?
Greater Waverly Foundation Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 113678686. It is classified under NTEE code P50.
Is Greater Waverly Foundation Inc. a good charity?
Based on the available data, Greater Waverly Foundation Inc. appears to be a good charity. It reported a significant surplus ($269,300 revenue vs. $64,265 expenses) in its latest filing, indicating strong financial health and efficient management. The 0% officer compensation is also a positive indicator that resources are being directed to its mission.
What is the primary focus of Greater Waverly Foundation Inc. given its NTEE code P50?
The NTEE code P50 typically refers to 'Philanthropy, Voluntarism, and Grantmaking Foundations - Private Grantmaking Foundations.' This suggests the organization's primary focus is likely on making grants to other organizations or individuals to support various charitable causes.
Filing History
IRS 990 filing history for Greater Waverly Foundation Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Greater Waverly Foundation Inc reported a surplus of $205K, with revenue exceeding expenses. The organization holds $68K in liabilities against $269K in assets (debt-to-asset ratio: 25.2%), resulting in net assets of $202K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $269K | $64K | $269K | $68K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Waverly Foundation Inc:
Data Sources and Methodology
This transparency report for Greater Waverly Foundation 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.