Waggle Foundation Inc
EIN: 320518559 · Hadlyme, CT · NTEE: D20
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Net Assets | $-493,172 |
Is Waggle Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Waggle Foundation Inc
Waggle Foundation Inc (EIN: 320518559) is a nonprofit organization based in Hadlyme, CT, classified under NTEE code D20. The organization reported total revenue of $1.2M and total assets of $81K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waggle Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waggle Foundation Inc is a mid-size nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 68.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-23,885 |
| Total Assets | $140K |
| Total Liabilities | $633K |
| Net Assets | $-493,172 |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 452.2% |
| Months of Reserves | 1.4 months |
Financial Health Grade: D
In 2023, Waggle Foundation Inc reported a deficit of $24K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 452.2% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Waggle Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 68.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.8% | +4.5% | -20.0% |
| 2022 | -14.5% | -4.6% | -44.4% |
| 2021 | +52.6% | +139.1% | +32.9% |
| 2020 | +446.7% | +315.3% | +57.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1240 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Waggle Foundation Inc 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 Waggle Foundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 452.2%.
Frequently Asked Questions about Waggle Foundation Inc
Is Waggle Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waggle Foundation Inc (EIN: 320518559) insufficient data. 0 red flags identified, 0 strengths noted.
How does Waggle Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Waggle Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Waggle Foundation Inc tax-deductible?
Waggle Foundation Inc is registered as a tax-exempt nonprofit (EIN: 320518559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Waggle Foundation Inc located?
Waggle Foundation Inc is headquartered in Hadlyme, Connecticut and files with the IRS under EIN 320518559. It is classified under NTEE code D20.
How many years of IRS 990 filings does Waggle Foundation Inc have?
Waggle Foundation Inc has 5 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Waggle Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Waggle Foundation Inc's revenue has grown by 711.7%, moving from $148K to $1.2M. Total assets decreased by 6.9% over the same period, from $150K to $140K. Total functional expenses rose by 890.1%, from $123K to $1.2M. In its most recent filing year (2023), Waggle Foundation Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $633K in liabilities against $140K in assets (debt-to-asset ratio: 452.2%), resulting in net assets of $-493,172.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $140K | $633K | — | View 990 |
| 2022 | $1.1M | $1.2M | $175K | $644K | — | — |
| 2021 | $1.2M | $1.2M | $315K | $127K | — | View 990 |
| 2020 | $807K | $513K | $237K | $55K | — | View 990 |
| 2019 | $148K | $123K | $150K | $139K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $140K (revenue +13.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $175K (revenue -14.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $315K (revenue +52.6% year-over-year).
- 2020: Revenue of $807K, expenses of $513K, and assets of $237K (revenue +446.7% year-over-year).
- 2019: Revenue of $148K, expenses of $123K, and assets of $150K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waggle Foundation Inc:
Data Sources and Methodology
This transparency report for Waggle 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.