The Wjk Charitable Foundation Inc
Wjk Charitable Foundation Inc's assets have declined by over 80% in a decade, consistently spending more than it receives.
EIN: 202631772 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is The Wjk Charitable Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Wjk Charitable Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Wjk Charitable Foundation Inc
The Wjk Charitable Foundation Inc (EIN: 202631772) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $469 and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Wjk Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Wjk Charitable Foundation Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -120.4% | +20.0% | -39.7% |
| 2022 | -99.1% | +47.9% | -24.4% |
| 2021 | +31482.7% | -12.9% | +88.0% |
| 2020 | -85.4% | +28.9% | -26.5% |
| 2019 | +1282.5% | -34.6% | -43.3% |
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 The Wjk Charitable Foundation Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, The Wjk Charitable Foundation Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that no salaries or other compensation are paid to its officers, which is a positive sign for minimizing administrative overhead.
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 Wjk Charitable Foundation Inc's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) over multiple years.
- Significant decline in assets, from $103,454 in 2011 to $18,313 in 2023, indicating a spend-down of principal.
- Negative revenue reported in 2023 ($-47), which is highly unusual and suggests potential financial distress or an accounting adjustment.
- Unusual consistent $1 liability across all reported periods.
Strengths
The following positive indicators were identified for The Wjk Charitable Foundation Inc:
- Consistent filing of IRS Form 990s, indicating compliance with reporting requirements.
- 0% officer compensation reported across all years, suggesting low executive overhead.
- Operates as a private grantmaking foundation, implying a focus on charitable distributions.
Frequently Asked Questions about The Wjk Charitable Foundation Inc
Is The Wjk Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Wjk Charitable Foundation Inc (EIN: 202631772) significant concerns. Mission Score: 40/100. 4 red flags identified, 3 strengths noted.
How does The Wjk Charitable Foundation Inc spend its money?
The Wjk Charitable Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Wjk Charitable Foundation Inc tax-deductible?
The Wjk Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202631772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Wjk Charitable Foundation Inc financially sustainable?
Based on the provided data, the foundation does not appear financially sustainable. Its assets have decreased from $103,454 in 2011 to $18,313 in 2023, while expenses consistently exceed revenue, often significantly (e.g., $12,028 expenses vs. $-47 revenue in 2023).
What is the primary purpose of The Wjk Charitable Foundation Inc's expenses?
As a private grantmaking foundation (NTEE T20), its primary expenses would typically be grants to other organizations or individuals, along with necessary administrative costs. The summary data does not provide a detailed breakdown, but the consistent expenses suggest ongoing operational or grantmaking activities.
Why does the organization consistently report $1 in liabilities?
The consistent reporting of $1 in liabilities across all filings is unusual. This could represent a nominal placeholder or a specific, very small, recurring obligation that is not further detailed in the summary data. A review of the full 990 forms would be needed to understand this specific entry.
Filing History
IRS 990 filing history for The Wjk Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Wjk Charitable Foundation Inc's revenue has declined by 413.3%, moving from $15 to $-47. Total assets decreased by 82.3% over the same period, from $103K to $18K. Total functional expenses fell by 44.3%, from $22K to $12K. The organization holds $1 in liabilities against $18K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $18K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-47 | $12K | $18K | $1 | — | — |
| 2022 | $230 | $10K | $30K | $1 | — | — |
| 2021 | $26K | $7K | $40K | $1 | — | — |
| 2020 | $81 | $8K | $21K | $1 | — | View 990 |
| 2019 | $553 | $6K | $29K | $1 | — | View 990 |
| 2015 | $40 | $9K | $51K | $1 | — | View 990 |
| 2014 | $10 | $19K | $61K | $1 | — | View 990 |
| 2013 | $8 | $11K | $80K | $1 | — | View 990 |
| 2012 | $16 | $13K | $91K | $1 | — | View 990 |
| 2011 | $15 | $22K | $103K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-47, expenses of $12K, and assets of $18K (revenue -120.4% year-over-year).
- 2022: Revenue of $230, expenses of $10K, and assets of $30K (revenue -99.1% year-over-year).
- 2021: Revenue of $26K, expenses of $7K, and assets of $40K (revenue +31482.7% year-over-year).
- 2020: Revenue of $81, expenses of $8K, and assets of $21K (revenue -85.4% year-over-year).
- 2019: Revenue of $553, expenses of $6K, and assets of $29K (revenue +1282.5% year-over-year).
- 2015: Revenue of $40, expenses of $9K, and assets of $51K (revenue +300.0% year-over-year).
- 2014: Revenue of $10, expenses of $19K, and assets of $61K (revenue +25.0% year-over-year).
- 2013: Revenue of $8, expenses of $11K, and assets of $80K (revenue -50.0% year-over-year).
- 2012: Revenue of $16, expenses of $13K, and assets of $91K (revenue +6.7% year-over-year).
- 2011: Revenue of $15, expenses of $22K, and assets of $103K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Wjk Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for The Wjk Charitable 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.