Mywireless Org
Mywireless Org shows consistent revenue growth and strong asset base with no reported officer compensation.
EIN: 202404168 · Washington, DC · NTEE: R99 · Updated: 2026-03-28
Is Mywireless Org Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mywireless Org directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mywireless Org
Mywireless Org (EIN: 202404168) is a nonprofit organization based in Washington, DC, classified under NTEE code R99. The organization reported total revenue of $3.4M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mywireless Org's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mywireless Org is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$185K |
| Total Assets | $5.9M |
| Total Liabilities | $16K |
| Net Assets | $5.9M |
| Operating Margin | 9.0% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 37.9 months |
Financial Health Grade: A
In 2023, Mywireless Org reported a surplus of $185K with revenue exceeding expenses, holds 37.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mywireless Org's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.1% | +24.0% | +4.3% |
| 2022 | +23.4% | +20.8% | -1.4% |
| 2021 | -28.6% | -1.4% | +0.3% |
| 2020 | +3.8% | +30.0% | +10.3% |
| 2019 | +48.4% | -13.1% | +16.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Mywireless Org with a Mission Score of 95 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mywireless Org allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $185K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Mywireless Org reports 0% officer compensation across all 13 available filings, indicating that no salaries were paid to officers. This is highly unusual for an organization with revenues consistently over $1 million and suggests a volunteer-led executive team or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
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 Mywireless Org:
- Consistent revenue growth, from $649,271 in 201612 to $2,040,286 in 202312.
- Strong asset base ($6,194,521) significantly exceeding liabilities ($15,667 in 202312).
- 0% reported officer compensation across all 13 filings, indicating high transparency and efficient use of funds.
- Positive net income in most years, demonstrating effective financial management (e.g., $2,040,286 revenue vs. $1,855,749 expenses in 202312).
- Low liabilities relative to assets, indicating strong financial health and minimal debt.
Frequently Asked Questions about Mywireless Org
Is Mywireless Org a legitimate charity?
Based on AI analysis of IRS 990 filings, Mywireless Org (EIN: 202404168) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Mywireless Org spend its money?
Mywireless Org directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mywireless Org tax-deductible?
Mywireless Org is registered as a tax-exempt nonprofit (EIN: 202404168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Mywireless Org a good charity?
Based on the available financial data, Mywireless Org appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a remarkable commitment to transparency by reporting 0% officer compensation across all filings. Its assets significantly outweigh liabilities, indicating stability.
How has Mywireless Org's revenue trended over time?
Mywireless Org has shown a strong upward trend in revenue, growing from $649,271 in 201612 to $2,040,286 in 202312, and a latest reported revenue of $3,417,157. This indicates significant growth and increasing support for its activities.
What is Mywireless Org's financial stability?
Mywireless Org exhibits excellent financial stability. Its assets have consistently grown, reaching $6,194,521, while liabilities remain very low, at $15,667 in the latest filing (202312). This strong asset-to-liability ratio suggests a robust financial position.
Filing History
IRS 990 filing history for Mywireless Org showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mywireless Org's revenue has declined by 18.3%, moving from $2.5M to $2.0M. Total assets increased by 40.6% over the same period, from $4.2M to $5.9M. Total functional expenses fell by 14.9%, from $2.2M to $1.9M. In its most recent filing year (2023), Mywireless Org reported a surplus of $185K, with revenue exceeding expenses. The organization holds $16K in liabilities against $5.9M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.9M | $5.9M | $16K | — | — |
| 2022 | $1.6M | $1.5M | $5.6M | $57K | — | View 990 |
| 2021 | $1.3M | $1.2M | $5.7M | $62K | — | View 990 |
| 2020 | $1.8M | $1.3M | $5.7M | $35K | — | View 990 |
| 2019 | $1.7M | $967K | $5.2M | $26K | — | View 990 |
| 2018 | $1.2M | $1.1M | $4.4M | $30K | — | View 990 |
| 2017 | $1.3M | $1.3M | $4.4M | $12K | — | View 990 |
| 2016 | $649K | $644K | $4.4M | $20K | — | View 990 |
| 2015 | $667K | $666K | $4.6M | $259K | — | View 990 |
| 2014 | $1.1M | $1.1M | $4.4M | $64K | — | View 990 |
| 2013 | $1.9M | $1.6M | $4.4M | $98K | — | View 990 |
| 2012 | $3.3M | $3.3M | $4.3M | $271K | — | View 990 |
| 2011 | $2.5M | $2.2M | $4.2M | $107K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.9M, and assets of $5.9M (revenue +30.1% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $5.6M (revenue +23.4% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $5.7M (revenue -28.6% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.3M, and assets of $5.7M (revenue +3.8% year-over-year).
- 2019: Revenue of $1.7M, expenses of $967K, and assets of $5.2M (revenue +48.4% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.1M, and assets of $4.4M (revenue -8.6% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $4.4M (revenue +94.6% year-over-year).
- 2016: Revenue of $649K, expenses of $644K, and assets of $4.4M (revenue -2.7% year-over-year).
- 2015: Revenue of $667K, expenses of $666K, and assets of $4.6M (revenue -39.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $4.4M (revenue -41.1% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.6M, and assets of $4.4M (revenue -44.2% year-over-year).
- 2012: Revenue of $3.3M, expenses of $3.3M, and assets of $4.3M (revenue +33.5% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.2M, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mywireless Org:
Data Sources and Methodology
This transparency report for Mywireless Org 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.