The White Cedar Fund
The White Cedar Fund shows fluctuating revenue and expenses, with no reported officer compensation and low liabilities.
EIN: 205717546 · Jackson, WY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $698K |
| Total Expenses | $838K |
| Program Spending | 80% |
| Net Assets | $6.4M |
| Transparency Score | 75/100 |
Is The White Cedar Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The White Cedar Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The White Cedar Fund
The White Cedar Fund (EIN: 205717546) is a nonprofit organization based in Jackson, WY, classified under NTEE code T22. The organization reported total revenue of $698K and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The White Cedar Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The White Cedar Fund is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $617K |
| Total Expenses | $838K |
| Surplus / Deficit | $-220,818 |
| Total Assets | $6.4M |
| Total Liabilities | $1 |
| Net Assets | $6.4M |
| Operating Margin | -35.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 91.9 months |
Financial Health Grade: B
In 2023, The White Cedar Fund reported a deficit of $221K with expenses exceeding revenue, holds 91.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The White Cedar Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.4% | +23.6% | -3.3% |
| 2022 | -42.3% | +123.1% | +38.2% |
| 2021 | +36156.3% | +1958.7% | +541.7% |
| 2020 | -73.7% | -84.1% | -0.4% |
| 2019 | -87.5% | -73.2% | -52.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 The White Cedar Fund 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The White Cedar Fund 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 deficit of $221K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The White Cedar Fund consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for donor confidence and efficient use of funds.
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 The White Cedar Fund's IRS 990 filings:
- Significant year-over-year revenue and expense volatility, as seen with $4.3M revenue in 2021 versus $616K in 2023.
- Expenses exceeding revenue in the most recent filing (2023: $837,781 expenses vs. $616,963 revenue), indicating a deficit.
- Lack of detailed spending breakdown (program, admin, fundraising) in the provided summary data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for The White Cedar Fund:
- Consistent reporting of 0% officer compensation across all filings, indicating excellent financial stewardship at the leadership level.
- Extremely low liabilities ($1 or $0 reported consistently), suggesting a very healthy balance sheet and minimal debt burden.
- Significant asset growth over the long term, from $2.2 million in 2011 to over $6.1 million currently, demonstrating successful asset accumulation.
Frequently Asked Questions about The White Cedar Fund
Is The White Cedar Fund a legitimate charity?
The White Cedar Fund (EIN: 205717546) is a registered tax-exempt nonprofit based in Wyoming. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $698K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The White Cedar Fund spend its money?
The White Cedar Fund directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The White Cedar Fund tax-deductible?
The White Cedar Fund is registered as a tax-exempt nonprofit (EIN: 205717546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The White Cedar Fund's spending goes to programs?
The White Cedar Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The White Cedar Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), The White Cedar Fund is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The White Cedar Fund located?
The White Cedar Fund is headquartered in Jackson, Wyoming and files with the IRS under EIN 205717546. It is classified under NTEE code T22.
How many years of IRS 990 filings does The White Cedar Fund have?
The White Cedar Fund has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $698K in total revenue.
Is The White Cedar Fund a good charity?
Based on the provided data, The White Cedar Fund exhibits strong points like zero officer compensation and minimal liabilities, suggesting good financial stewardship at the top and low debt. However, the significant year-over-year fluctuations in revenue and expenses, including a deficit in 2023, indicate potential inconsistencies in funding or operational planning. A full assessment would require detailed program spending data.
How does The White Cedar Fund manage its executive compensation?
The White Cedar Fund reports 0% officer compensation in all available IRS 990 filings, meaning no salaries or benefits are paid to its officers. This is an excellent indicator of efficient use of donor funds and a commitment to directing resources towards its mission rather than executive pay.
What is the trend in The White Cedar Fund's financial health?
The White Cedar Fund's financial health shows significant volatility. While assets have grown substantially over the long term (from $2.2M in 2011 to $6.1M currently), revenue and expenses have fluctuated wildly, with a large surplus in 2021 ($4.3M revenue vs. $303K expenses) and a deficit in 2023 ($616K revenue vs. $837K expenses). This suggests an inconsistent operational funding model.
Filing History
IRS 990 filing history for The White Cedar Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The White Cedar Fund's revenue has grown by 95.2%, moving from $316K to $617K. Total assets increased by 185.3% over the same period, from $2.2M to $6.4M. Total functional expenses rose by 69.8%, from $493K to $838K. In its most recent filing year (2023), The White Cedar Fund reported a deficit of $221K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $617K | $838K | $6.4M | $1 | — | — |
| 2022 | $2.5M | $678K | $6.6M | $1 | — | View 990 |
| 2021 | $4.4M | $304K | $4.8M | $1 | — | View 990 |
| 2020 | $12K | $15K | $748K | $1 | — | View 990 |
| 2019 | $46K | $93K | $751K | $1 | — | — |
| 2015 | $367K | $347K | $1.6M | $1 | — | View 990 |
| 2014 | $305K | $315K | $1.5M | $1 | — | View 990 |
| 2013 | $89K | $343K | $1.6M | $1 | — | View 990 |
| 2012 | $46K | $483K | $1.8M | $0 | — | View 990 |
| 2011 | $316K | $493K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $617K, expenses of $838K, and assets of $6.4M (revenue -75.4% year-over-year).
- 2022: Revenue of $2.5M, expenses of $678K, and assets of $6.6M (revenue -42.3% year-over-year).
- 2021: Revenue of $4.4M, expenses of $304K, and assets of $4.8M (revenue +36156.3% year-over-year).
- 2020: Revenue of $12K, expenses of $15K, and assets of $748K (revenue -73.7% year-over-year).
- 2019: Revenue of $46K, expenses of $93K, and assets of $751K (revenue -87.5% year-over-year).
- 2015: Revenue of $367K, expenses of $347K, and assets of $1.6M (revenue +20.1% year-over-year).
- 2014: Revenue of $305K, expenses of $315K, and assets of $1.5M (revenue +242.6% year-over-year).
- 2013: Revenue of $89K, expenses of $343K, and assets of $1.6M (revenue +92.3% year-over-year).
- 2012: Revenue of $46K, expenses of $483K, and assets of $1.8M (revenue -85.3% year-over-year).
- 2011: Revenue of $316K, expenses of $493K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The White Cedar Fund:
Data Sources and Methodology
This transparency report for The White Cedar Fund 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.