The Wish Project Inc
The Wish Project Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 203249145 · Lowell, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.7M |
| Program Spending | 90% |
| Net Assets | $737K |
| Transparency Score | 92/100 |
Is The Wish Project Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Wish Project Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Wish Project Inc
The Wish Project Inc (EIN: 203249145) is a nonprofit organization based in Lowell, MA. The organization reported total revenue of $3.6M and total assets of $942K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Wish Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Wish Project Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $3.7M |
| Surplus / Deficit | +$161K |
| Total Assets | $909K |
| Total Liabilities | $172K |
| Net Assets | $737K |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 18.9% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2023, The Wish Project Inc reported a surplus of $161K with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 18.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Wish Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.7% | +62.7% | +45.5% |
| 2022 | +48.8% | +40.1% | +131.5% |
| 2021 | -11.8% | -11.9% | +41.4% |
| 2020 | -8.7% | -14.9% | +253.6% |
| 2019 | +2.7% | -1.0% | -14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Wish Project Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Wish Project Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $161K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.9%.
Executive Compensation Analysis
The Wish Project Inc has consistently reported 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to its officers. This suggests a highly volunteer-driven leadership or that compensation, if any, is categorized differently and not reported as officer compensation on the 990, which is a significant positive for directing funds to programs.
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 The Wish Project Inc:
- Consistent revenue growth, increasing from $1,731,836 in 2021 to $3,833,423 in 2023.
- Strong asset accumulation, nearly tripling from $269,804 in 2021 to $908,927 in 2023.
- 0% reported officer compensation across all 13 filings, indicating high efficiency and dedication of resources to programs.
- Healthy financial surplus in recent years (e.g., $160,680 in 2023), contributing to asset growth.
- Low liabilities relative to assets, suggesting sound financial management and stability.
Frequently Asked Questions about The Wish Project Inc
Is The Wish Project Inc a legitimate charity?
The Wish Project Inc (EIN: 203249145) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does The Wish Project Inc spend its money?
The Wish Project Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to The Wish Project Inc tax-deductible?
The Wish Project Inc is registered as a tax-exempt nonprofit (EIN: 203249145). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Wish Project Inc's spending goes to programs?
The Wish Project Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Wish Project Inc located?
The Wish Project Inc is headquartered in Lowell, Massachusetts and files with the IRS under EIN 203249145.
How many years of IRS 990 filings does The Wish Project Inc have?
The Wish Project Inc has 13 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 $3.6M in total revenue.
Is The Wish Project Inc a good charity?
Based on the provided financial data, The Wish Project Inc appears to be a very good charity. It demonstrates consistent revenue growth, strong asset accumulation, and a notable commitment to directing resources to its mission by reporting 0% officer compensation across all filings.
How has The Wish Project Inc's financial health changed over time?
The organization's financial health has significantly improved, especially in recent years. Revenue has grown from $1,731,836 in 2021 to $3,833,423 in 2023, and assets have increased from $269,804 to $908,927 in the same period, indicating strong growth and stability.
What is the organization's approach to executive compensation?
The Wish Project Inc reports 0% officer compensation in all available IRS 990 filings, suggesting a highly efficient model where leadership is either entirely volunteer-based or compensated through non-officer roles, maximizing funds for charitable programs.
Filing History
IRS 990 filing history for The Wish Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Wish Project Inc's revenue has grown by 297.8%, moving from $964K to $3.8M. Total assets increased by 501% over the same period, from $151K to $909K. Total functional expenses rose by 293.2%, from $934K to $3.7M. In its most recent filing year (2023), The Wish Project Inc reported a surplus of $161K, with revenue exceeding expenses. The organization holds $172K in liabilities against $909K in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $737K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $3.7M | $909K | $172K | — | — |
| 2022 | $2.6M | $2.3M | $625K | $48K | — | View 990 |
| 2021 | $1.7M | $1.6M | $270K | $13K | — | View 990 |
| 2020 | $2.0M | $1.8M | $191K | $54K | — | View 990 |
| 2019 | $2.2M | $2.1M | $54K | $52K | — | View 990 |
| 2018 | $2.1M | $2.2M | $63K | $63K | — | View 990 |
| 2017 | $1.4M | $1.4M | $133K | $55K | — | View 990 |
| 2016 | $1.7M | $1.6M | $191K | $90K | — | View 990 |
| 2015 | $1.7M | $1.7M | $114K | $87K | — | View 990 |
| 2014 | $1.4M | $1.4M | $224K | $70K | — | View 990 |
| 2013 | $960K | $897K | $194K | $64K | — | View 990 |
| 2012 | $934K | $966K | $155K | $88K | — | View 990 |
| 2011 | $964K | $934K | $151K | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $3.7M, and assets of $909K (revenue +48.7% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.3M, and assets of $625K (revenue +48.8% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.6M, and assets of $270K (revenue -11.8% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.8M, and assets of $191K (revenue -8.7% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.1M, and assets of $54K (revenue +2.7% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.2M, and assets of $63K (revenue +47.5% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $133K (revenue -15.1% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $191K (revenue -1.1% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $114K (revenue +22.9% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $224K (revenue +43.3% year-over-year).
- 2013: Revenue of $960K, expenses of $897K, and assets of $194K (revenue +2.7% year-over-year).
- 2012: Revenue of $934K, expenses of $966K, and assets of $155K (revenue -3.1% year-over-year).
- 2011: Revenue of $964K, expenses of $934K, and assets of $151K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Wish Project Inc:
Data Sources and Methodology
This transparency report for The Wish Project 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.