Wadsworth Brothers Charitablefoundation
Wadsworth Brothers Charitablefoundation shows highly volatile revenue and expenses, with significant asset fluctuations and minimal reported officer compensation.
EIN: 208096411 · Draper, UT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $297K |
| Total Expenses | $915 |
| Program Spending | 90% |
| Net Assets | $339K |
| Transparency Score | 70/100 |
Is Wadsworth Brothers Charitablefoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wadsworth Brothers Charitablefoundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wadsworth Brothers Charitablefoundation
Wadsworth Brothers Charitablefoundation (EIN: 208096411) is a nonprofit organization based in Draper, UT, classified under NTEE code T20. The organization reported total revenue of $297K and total assets of $599K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wadsworth Brothers Charitablefoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wadsworth Brothers Charitablefoundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $237K |
| Total Expenses | $915 |
| Surplus / Deficit | +$236K |
| Total Assets | $339K |
| Total Liabilities | $1 |
| Net Assets | $339K |
| Operating Margin | 99.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 4449.1 months |
Financial Health Grade: A
In 2023, Wadsworth Brothers Charitablefoundation reported a surplus of $236K with revenue exceeding expenses, holds 4449.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wadsworth Brothers Charitablefoundation's revenue has grown at a compound annual growth rate (CAGR) of 18.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +240.2% | -99.5% | +230.1% |
| 2022 | +248.7% | +20277.9% | -53.6% |
| 2021 | -30.6% | +143.2% | +9.4% |
| 2019 | -197.8% | -97.9% | -69.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Wadsworth Brothers Charitablefoundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Wadsworth Brothers Charitablefoundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $236K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers or key employees receive salaries from the organization, 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 Wadsworth Brothers Charitablefoundation's IRS 990 filings:
- Highly volatile revenue and expense patterns, making financial planning and impact assessment challenging.
- Significant fluctuations in assets without clear explanations in the summary data.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the provided summary, hindering a full efficiency analysis.
Strengths
The following positive indicators were identified for Wadsworth Brothers Charitablefoundation:
- Consistent filing of IRS Form 990s, indicating good transparency practices.
- Consistently reported 0% officer compensation, minimizing executive overhead.
- Maintains very low liabilities (typically $1), indicating sound management of debt.
Frequently Asked Questions about Wadsworth Brothers Charitablefoundation
Is Wadsworth Brothers Charitablefoundation a legitimate charity?
Wadsworth Brothers Charitablefoundation (EIN: 208096411) is a registered tax-exempt nonprofit based in Utah. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $297K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Wadsworth Brothers Charitablefoundation spend its money?
Wadsworth Brothers Charitablefoundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wadsworth Brothers Charitablefoundation tax-deductible?
Wadsworth Brothers Charitablefoundation is registered as a tax-exempt nonprofit (EIN: 208096411). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wadsworth Brothers Charitablefoundation's spending goes to programs?
Wadsworth Brothers Charitablefoundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wadsworth Brothers Charitablefoundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Wadsworth Brothers Charitablefoundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wadsworth Brothers Charitablefoundation located?
Wadsworth Brothers Charitablefoundation is headquartered in Draper, Utah and files with the IRS under EIN 208096411. It is classified under NTEE code T20.
How many years of IRS 990 filings does Wadsworth Brothers Charitablefoundation have?
Wadsworth Brothers Charitablefoundation has 10 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 $297K in total revenue.
What are the specific program activities funded by Wadsworth Brothers Charitablefoundation?
The provided data does not detail the specific program activities or grants made by the foundation. The NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) indicates it is a grantmaking organization, but further details on beneficiaries or types of grants are not available in the summary.
Why are the expenses so low in some years (e.g., $915 in 2023) compared to revenue?
The extremely low expenses in certain years suggest that the organization may be accumulating funds for future grant cycles or investments, rather than disbursing a large portion of its revenue annually. This could also indicate that the foundation primarily operates by making grants, and the 'expenses' reported are largely administrative costs, with grants being reported elsewhere or not detailed in this summary.
What caused the significant revenue loss of $-67,404 in 2019?
A negative revenue figure typically indicates a net loss from investments or other financial activities, or a significant return of funds. Without more detailed financial statements, the exact cause of the $-67,404 revenue in 2019 cannot be determined from the summary data.
How does the foundation manage its assets given the large fluctuations?
The assets have fluctuated significantly, from $628,962 in 2011 down to $102,781 in 2022, and then up to $339,246 in 2023. This suggests active investment management or significant grant disbursements/receipts impacting the asset base. The specific investment strategy or reasons for these fluctuations are not detailed in the provided data.
Filing History
IRS 990 filing history for Wadsworth Brothers Charitablefoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wadsworth Brothers Charitablefoundation's revenue has grown by 691%, moving from $30K to $237K. Total assets decreased by 46.1% over the same period, from $629K to $339K. Total functional expenses fell by 99.4%, from $166K to $915. In its most recent filing year (2023), Wadsworth Brothers Charitablefoundation reported a surplus of $236K, with revenue exceeding expenses. The organization holds $1 in liabilities against $339K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $339K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $237K | $915 | $339K | $1 | — | View 990 |
| 2022 | $70K | $188K | $103K | $1 | — | View 990 |
| 2021 | $20K | $924 | $221K | $1 | — | View 990 |
| 2020 | $29K | $380 | $202K | $1 | — | — |
| 2019 | $-67,404 | $809 | $153K | $1 | — | View 990 |
| 2015 | $69K | $38K | $501K | $1 | — | View 990 |
| 2014 | $59K | $145K | $469K | $1 | — | View 990 |
| 2013 | $217K | $236K | $555K | $1 | — | View 990 |
| 2012 | $207K | $263K | $574K | $1 | — | View 990 |
| 2011 | $30K | $166K | $629K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $237K, expenses of $915, and assets of $339K (revenue +240.2% year-over-year).
- 2022: Revenue of $70K, expenses of $188K, and assets of $103K (revenue +248.7% year-over-year).
- 2021: Revenue of $20K, expenses of $924, and assets of $221K (revenue -30.6% year-over-year).
- 2020: Revenue of $29K, expenses of $380, and assets of $202K.
- 2019: Revenue of $-67,404, expenses of $809, and assets of $153K (revenue -197.8% year-over-year).
- 2015: Revenue of $69K, expenses of $38K, and assets of $501K (revenue +15.9% year-over-year).
- 2014: Revenue of $59K, expenses of $145K, and assets of $469K (revenue -72.6% year-over-year).
- 2013: Revenue of $217K, expenses of $236K, and assets of $555K (revenue +4.6% year-over-year).
- 2012: Revenue of $207K, expenses of $263K, and assets of $574K (revenue +591.4% year-over-year).
- 2011: Revenue of $30K, expenses of $166K, and assets of $629K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wadsworth Brothers Charitablefoundation:
Data Sources and Methodology
This transparency report for Wadsworth Brothers Charitablefoundation 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.