The Wilfredo Perez Jr Memorial Fund Inc
The Wilfredo Perez Jr Memorial Fund Inc shows fluctuating revenue but consistent asset growth and zero liabilities.
EIN: 204451394 · New Preston, CT · NTEE: B82 · Updated: 2026-03-28
About The Wilfredo Perez Jr Memorial Fund Inc
The Wilfredo Perez Jr Memorial Fund Inc (EIN: 204451394) is a nonprofit organization based in New Preston, CT, classified under NTEE code B82. The organization reported total revenue of $23K and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Wilfredo Perez Jr Memorial Fund 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 The Wilfredo Perez Jr Memorial Fund 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, The Wilfredo Perez Jr Memorial Fund 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.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based. This is a positive sign for donors, as it means all contributions are directed towards the organization's mission rather than executive salaries.
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 Wilfredo Perez Jr Memorial Fund Inc's IRS 990 filings:
- Significant revenue fluctuation year-over-year, making future income less predictable (e.g., $123,385 in 2023 vs. $23,235 latest revenue).
Strengths
The following positive indicators were identified for The Wilfredo Perez Jr Memorial Fund Inc:
- Consistent asset growth over the past decade, from $211,981 in 2014 to $274,885 in 2023.
- Zero liabilities reported across all filings, indicating strong financial management and no debt.
- 0% officer compensation, demonstrating a volunteer-driven leadership and efficient use of donor funds.
- Strong program focus implied by the absence of executive compensation, directing more resources to the mission.
Frequently Asked Questions about The Wilfredo Perez Jr Memorial Fund Inc
Is The Wilfredo Perez Jr Memorial Fund Inc a good charity?
Based on the available data, the organization appears to be a good charity. It maintains zero liabilities, has shown consistent asset growth, and reports no officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has been generally stable with consistent asset growth from $211,981 in 2014 to $274,885 in 2023. Revenue has fluctuated significantly year-to-year, but the organization has consistently maintained zero liabilities.
What is the organization's approach to executive compensation?
The Wilfredo Perez Jr Memorial Fund Inc reports 0% officer compensation in all available filings, indicating that its executive leadership operates on a volunteer basis.
Why did expenses exceed revenue in 2023?
In 2023, expenses ($156,188) exceeded revenue ($123,385) by $32,803. This could indicate a strategic investment in programs, a one-time expense, or a draw from accumulated assets to support operations.
Filing History
IRS 990 filing history for The Wilfredo Perez Jr Memorial Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Wilfredo Perez Jr Memorial Fund Inc's revenue has grown by 182.8%, moving from $44K to $123K. Total assets increased by 51.8% over the same period, from $181K to $275K. Total functional expenses rose by 589.8%, from $23K to $156K. In its most recent filing year (2023), The Wilfredo Perez Jr Memorial Fund Inc reported a deficit of $33K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $123K | $156K | $275K | $0 | — | View 990 |
| 2022 | $36K | $42K | $308K | $0 | — | View 990 |
| 2021 | $93K | $67K | $314K | $0 | — | — |
| 2020 | $46K | $33K | $288K | $0 | — | View 990 |
| 2019 | $48K | $35K | $275K | $0 | — | View 990 |
| 2018 | $54K | $41K | $261K | $0 | — | View 990 |
| 2017 | $43K | $22K | $248K | $0 | — | View 990 |
| 2016 | $48K | $43K | $227K | $0 | — | View 990 |
| 2015 | $38K | $28K | $222K | $0 | — | View 990 |
| 2014 | $45K | $33K | $212K | $0 | — | View 990 |
| 2013 | $43K | $45K | $200K | $0 | — | View 990 |
| 2012 | $47K | $26K | $202K | $0 | — | View 990 |
| 2011 | $44K | $23K | $181K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $123K, expenses of $156K, and assets of $275K (revenue +246.9% year-over-year).
- 2022: Revenue of $36K, expenses of $42K, and assets of $308K (revenue -62.0% year-over-year).
- 2021: Revenue of $93K, expenses of $67K, and assets of $314K (revenue +102.6% year-over-year).
- 2020: Revenue of $46K, expenses of $33K, and assets of $288K (revenue -4.8% year-over-year).
- 2019: Revenue of $48K, expenses of $35K, and assets of $275K (revenue -9.8% year-over-year).
- 2018: Revenue of $54K, expenses of $41K, and assets of $261K (revenue +24.5% year-over-year).
- 2017: Revenue of $43K, expenses of $22K, and assets of $248K (revenue -9.3% year-over-year).
- 2016: Revenue of $48K, expenses of $43K, and assets of $227K (revenue +24.0% year-over-year).
- 2015: Revenue of $38K, expenses of $28K, and assets of $222K (revenue -14.1% year-over-year).
- 2014: Revenue of $45K, expenses of $33K, and assets of $212K (revenue +3.8% year-over-year).
- 2013: Revenue of $43K, expenses of $45K, and assets of $200K (revenue -7.6% year-over-year).
- 2012: Revenue of $47K, expenses of $26K, and assets of $202K (revenue +6.9% year-over-year).
- 2011: Revenue of $44K, expenses of $23K, and assets of $181K.
Data Sources and Methodology
This transparency report for The Wilfredo Perez Jr Memorial Fund 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.