Wahset
Wahset shows consistent asset growth and zero officer compensation, but experienced a deficit in its latest reported fiscal year.
EIN: 204145137 · Buckley, WA · NTEE: N69 · Updated: 2026-03-28
Is Wahset Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wahset directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wahset
Wahset (EIN: 204145137) is a nonprofit organization based in Buckley, WA, classified under NTEE code N69. The organization reported total revenue of $1.1M and total assets of $543K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wahset'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 Wahset with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Wahset allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Wahset consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and operational history.
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 Wahset's IRS 990 filings:
- Expenses exceeded revenue in the latest reported period (202208), indicating an operational deficit of $27,569.
- Significant fluctuation in annual revenue, with a sharp drop from $143,006 in 2019 to $1,854 in 2020, which could indicate instability in funding sources.
Strengths
The following positive indicators were identified for Wahset:
- Consistent asset growth over the past decade, from $83,972 in 2011 to $372,133 in 2022, demonstrating financial stability.
- Zero officer compensation reported across all filings, indicating that all funds are directed towards the organization's mission.
- Very low liabilities ($1 in recent years), suggesting strong financial management and minimal debt burden.
- Long and consistent IRS 990 filing history (9 filings), indicating good transparency and compliance.
Frequently Asked Questions about Wahset
Is Wahset a legitimate charity?
Based on AI analysis of IRS 990 filings, Wahset (EIN: 204145137) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Wahset spend its money?
Wahset directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wahset tax-deductible?
Wahset is registered as a tax-exempt nonprofit (EIN: 204145137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Wahset a good charity?
Wahset exhibits several characteristics of a good charity, including consistent asset growth, a long filing history, and notably, zero officer compensation. However, the deficit in the 2022 fiscal period ($99,884 revenue vs. $127,453 expenses) suggests a need for improved financial management to ensure long-term sustainability.
How has Wahset's financial health changed over time?
Wahset's financial health has generally improved over time, with assets growing from $83,972 in 2011 to $372,133 in 2022. Revenue has fluctuated, but the organization has largely maintained a positive net asset position, despite occasional operational deficits like the one in 2022.
What caused the significant revenue drop in 2020?
In the 202008 period, Wahset reported revenue of only $1,854, a drastic decrease from $143,006 in 2019. The IRS 990 data alone does not specify the exact cause, but such a sharp decline could be due to a loss of major funding, a change in fundraising strategy, or external factors like the COVID-19 pandemic affecting donations or program income.
Filing History
IRS 990 filing history for Wahset showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Wahset's revenue has grown by 83.3%, moving from $54K to $100K. Total assets increased by 343.2% over the same period, from $84K to $372K. Total functional expenses rose by 497%, from $21K to $127K. In its most recent filing year (2022), Wahset reported a deficit of $28K, with expenses exceeding revenue. The organization holds $1 in liabilities against $372K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $372K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $100K | $127K | $372K | $1 | — | View 990 |
| 2021 | $109K | $58K | $400K | $1 | — | View 990 |
| 2020 | $2K | $48K | $349K | $1 | — | — |
| 2019 | $143K | $67K | $369K | $1 | — | View 990 |
| 2015 | $91K | $50K | $186K | $1 | — | View 990 |
| 2014 | $79K | $45K | $145K | $1 | — | View 990 |
| 2013 | $47K | $29K | $111K | $0 | — | View 990 |
| 2012 | $31K | $22K | $93K | $0 | — | View 990 |
| 2011 | $54K | $21K | $84K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $100K, expenses of $127K, and assets of $372K (revenue -8.0% year-over-year).
- 2021: Revenue of $109K, expenses of $58K, and assets of $400K (revenue +5756.9% year-over-year).
- 2020: Revenue of $2K, expenses of $48K, and assets of $349K (revenue -98.7% year-over-year).
- 2019: Revenue of $143K, expenses of $67K, and assets of $369K (revenue +56.8% year-over-year).
- 2015: Revenue of $91K, expenses of $50K, and assets of $186K (revenue +15.5% year-over-year).
- 2014: Revenue of $79K, expenses of $45K, and assets of $145K (revenue +68.7% year-over-year).
- 2013: Revenue of $47K, expenses of $29K, and assets of $111K (revenue +49.7% year-over-year).
- 2012: Revenue of $31K, expenses of $22K, and assets of $93K (revenue -42.6% year-over-year).
- 2011: Revenue of $54K, expenses of $21K, and assets of $84K.
Data Sources and Methodology
This transparency report for Wahset 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.