Wade J Woodmark Foundation Inc
Wade J Woodmark Foundation consistently maintains zero liabilities and no officer compensation, growing assets over a decade.
EIN: 204877214 · Depoe Bay, OR · NTEE: T31 · Updated: 2026-03-28
Is Wade J Woodmark Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wade J Woodmark Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wade J Woodmark Foundation Inc
Wade J Woodmark Foundation Inc (EIN: 204877214) is a nonprofit organization based in Depoe Bay, OR, classified under NTEE code T31. The organization reported total revenue of $35K and total assets of $133K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wade J Woodmark Foundation 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 Wade J Woodmark Foundation Inc with a Mission Score of 90 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, Wade J Woodmark Foundation Inc 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.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers. This is highly commendable for an organization of its size, ensuring that all funds are directed towards its mission.
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 Wade J Woodmark Foundation Inc:
- Consistent asset growth from $98,120 in 2013 to $130,279 in 2023.
- Zero liabilities reported across all available filing periods.
- 0% officer compensation reported, indicating strong commitment to mission spending.
- Expenses consistently lower than revenue in most recent years, allowing for asset accumulation.
- Strong financial stability with a healthy reserve fund.
Frequently Asked Questions about Wade J Woodmark Foundation Inc
Is Wade J Woodmark Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wade J Woodmark Foundation Inc (EIN: 204877214) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Wade J Woodmark Foundation Inc spend its money?
Wade J Woodmark Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wade J Woodmark Foundation Inc tax-deductible?
Wade J Woodmark Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204877214). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Wade J Woodmark Foundation Inc a good charity?
Based on the provided financial data, the Wade J Woodmark Foundation Inc appears to be a very good charity. It demonstrates strong financial health with growing assets and zero liabilities, and a notable commitment to its mission by not paying officer compensation.
How has the organization's financial health changed over the past decade?
The organization's financial health has steadily improved over the past decade. Assets have grown from $98,120 in 2013 to $130,279 in 2023, and it has consistently maintained zero liabilities, indicating responsible financial management and growth.
What is the organization's approach to executive compensation?
The organization has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation across all available filings. This means no salaries are paid to its officers, maximizing funds available for its mission.
Filing History
IRS 990 filing history for Wade J Woodmark Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Wade J Woodmark Foundation Inc's revenue has declined by 54.7%, moving from $44K to $20K. Total assets increased by 42.7% over the same period, from $91K to $130K. Total functional expenses fell by 63.3%, from $23K to $8K. In its most recent filing year (2023), Wade J Woodmark Foundation Inc reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $20K | $8K | $130K | $0 | — | — |
| 2022 | $29K | $27K | $119K | $0 | — | View 990 |
| 2021 | $28K | $26K | $117K | $0 | — | — |
| 2019 | $9K | $7K | $113K | $0 | — | View 990 |
| 2018 | $13K | $11K | $111K | $0 | — | View 990 |
| 2017 | $3K | $7K | $110K | $0 | — | View 990 |
| 2016 | $9K | $4K | $114K | $0 | — | View 990 |
| 2015 | $9K | $7K | $109K | $0 | — | View 990 |
| 2014 | $15K | $5K | $108K | $0 | — | View 990 |
| 2013 | $8K | $7K | $98K | $0 | — | View 990 |
| 2012 | $15K | $9K | $97K | $0 | — | View 990 |
| 2011 | $44K | $23K | $91K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20K, expenses of $8K, and assets of $130K (revenue -32.6% year-over-year).
- 2022: Revenue of $29K, expenses of $27K, and assets of $119K (revenue +6.2% year-over-year).
- 2021: Revenue of $28K, expenses of $26K, and assets of $117K (revenue +218.8% year-over-year).
- 2019: Revenue of $9K, expenses of $7K, and assets of $113K (revenue -30.9% year-over-year).
- 2018: Revenue of $13K, expenses of $11K, and assets of $111K (revenue +371.7% year-over-year).
- 2017: Revenue of $3K, expenses of $7K, and assets of $110K (revenue -69.4% year-over-year).
- 2016: Revenue of $9K, expenses of $4K, and assets of $114K (revenue -1.1% year-over-year).
- 2015: Revenue of $9K, expenses of $7K, and assets of $109K (revenue -41.4% year-over-year).
- 2014: Revenue of $15K, expenses of $5K, and assets of $108K (revenue +81.0% year-over-year).
- 2013: Revenue of $8K, expenses of $7K, and assets of $98K (revenue -44.8% year-over-year).
- 2012: Revenue of $15K, expenses of $9K, and assets of $97K (revenue -65.7% year-over-year).
- 2011: Revenue of $44K, expenses of $23K, and assets of $91K.
Data Sources and Methodology
This transparency report for Wade J Woodmark 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.