Wadena Area College Foundation
EIN: 261890476 · Wadena, MN
| Metric | Value |
|---|---|
| Total Expenses | $69K |
| Net Assets | $205K |
Is Wadena Area College Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wadena Area College Foundation
Wadena Area College Foundation (EIN: 261890476) is a nonprofit organization based in Wadena, MN. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wadena Area College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wadena Area College Foundation is a small nonprofit, with 4 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of 60.6%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $140K |
| Total Expenses | $69K |
| Surplus / Deficit | +$72K |
| Total Assets | $205K |
| Net Assets | $205K |
| Operating Margin | 51.1% |
| Months of Reserves | 35.8 months |
Financial Health Grade: A
In 2015, Wadena Area College Foundation reported a surplus of $72K with revenue exceeding expenses, holds 35.8 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2012–2015), Wadena Area College Foundation's revenue has grown at a compound annual growth rate (CAGR) of 60.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +440.1% | +179.4% | +54.0% |
| 2014 | -34.1% | -8.5% | +1.1% |
| 2013 | +16.3% | +85.4% | +10.6% |
AI Analysis Pending
AI enrichment for Wadena Area College Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wadena Area College Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $72K, with revenue exceeding expenses.
Frequently Asked Questions about Wadena Area College Foundation
Is Wadena Area College Foundation a legitimate charity?
Wadena Area College Foundation (EIN: 261890476) is a registered tax-exempt nonprofit based in Minnesota. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Wadena Area College Foundation spend its money?
Wadena Area College Foundation reported its financials in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wadena Area College Foundation tax-deductible?
Wadena Area College Foundation is registered as a tax-exempt nonprofit (EIN: 261890476). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wadena Area College Foundation located?
Wadena Area College Foundation is headquartered in Wadena, Minnesota and files with the IRS under EIN 261890476.
How many years of IRS 990 filings does Wadena Area College Foundation have?
Wadena Area College Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Wadena Area College Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), Wadena Area College Foundation's revenue has grown by 314.1%, moving from $34K to $140K. Total assets increased by 72.2% over the same period, from $119K to $205K. Total functional expenses rose by 373.9%, from $14K to $69K. In its most recent filing year (2015), Wadena Area College Foundation reported a surplus of $72K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $140K | $69K | $205K | $0 | — | View 990 |
| 2014 | $26K | $25K | $133K | $0 | — | View 990 |
| 2013 | $39K | $27K | $131K | $0 | — | View 990 |
| 2012 | $34K | $14K | $119K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $140K, expenses of $69K, and assets of $205K (revenue +440.1% year-over-year).
- 2014: Revenue of $26K, expenses of $25K, and assets of $133K (revenue -34.1% year-over-year).
- 2013: Revenue of $39K, expenses of $27K, and assets of $131K (revenue +16.3% year-over-year).
- 2012: Revenue of $34K, expenses of $14K, and assets of $119K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wadena Area College Foundation:
Data Sources and Methodology
This transparency report for Wadena Area College Foundation 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.