Wakami Foundation
EIN: 814505454 · Buffalo, MN · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $393K |
| Total Expenses | $242K |
| Net Assets | $8K |
Is Wakami Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wakami Foundation
Wakami Foundation (EIN: 814505454) is a nonprofit organization based in Buffalo, MN, classified under NTEE code P20. The organization reported total revenue of $393K and total assets of $114K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wakami Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wakami Foundation is a small nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 66.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $213K |
| Total Expenses | $242K |
| Surplus / Deficit | $-29,163 |
| Total Assets | $8K |
| Net Assets | $8K |
| Operating Margin | -13.7% |
| Months of Reserves | 0.4 months |
Financial Health Grade: C
In 2023, Wakami Foundation reported a deficit of $29K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2017–2023), Wakami Foundation's revenue has grown at a compound annual growth rate (CAGR) of 66.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | +42.9% | -78.2% |
| 2022 | +30.9% | +6.5% | +34098.2% |
| 2021 | +81.6% | +78.1% | -91.9% |
| 2020 | -23.0% | -18.2% | -64.2% |
| 2019 | +344.6% | +318.4% | +316.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wakami 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 Wakami 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
Frequently Asked Questions about Wakami Foundation
Is Wakami Foundation a legitimate charity?
Wakami Foundation (EIN: 814505454) is a registered tax-exempt nonprofit based in Minnesota. It has 7 years of IRS 990 filings on record. Total revenue: $393K. No red flags identified. Financial health grade: C.
How does Wakami Foundation spend its money?
Wakami Foundation reported $393K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wakami Foundation tax-deductible?
Wakami Foundation is registered as a tax-exempt nonprofit (EIN: 814505454). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wakami Foundation located?
Wakami Foundation is headquartered in Buffalo, Minnesota and files with the IRS under EIN 814505454. It is classified under NTEE code P20.
How many years of IRS 990 filings does Wakami Foundation have?
Wakami Foundation has 7 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 $393K in total revenue.
Filing History
IRS 990 filing history for Wakami Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Wakami Foundation's revenue has grown by 2031.9%, moving from $10K to $213K. Total assets increased by 409.3% over the same period, from $2K to $8K. Total functional expenses rose by 2783.5%, from $8K to $242K. In its most recent filing year (2023), Wakami Foundation reported a deficit of $29K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $213K | $242K | $8K | $0 | — | — |
| 2022 | $207K | $169K | $37K | $0 | — | — |
| 2021 | $158K | $159K | $109 | $0 | — | View 990 |
| 2020 | $87K | $89K | $1K | $0 | — | View 990 |
| 2019 | $113K | $109K | $4K | $0 | — | View 990 |
| 2018 | $25K | $26K | $897 | $0 | — | View 990 |
| 2017 | $10K | $8K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $213K, expenses of $242K, and assets of $8K (revenue +3.1% year-over-year).
- 2022: Revenue of $207K, expenses of $169K, and assets of $37K (revenue +30.9% year-over-year).
- 2021: Revenue of $158K, expenses of $159K, and assets of $109 (revenue +81.6% year-over-year).
- 2020: Revenue of $87K, expenses of $89K, and assets of $1K (revenue -23.0% year-over-year).
- 2019: Revenue of $113K, expenses of $109K, and assets of $4K (revenue +344.6% year-over-year).
- 2018: Revenue of $25K, expenses of $26K, and assets of $897 (revenue +154.2% year-over-year).
- 2017: Revenue of $10K, expenses of $8K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wakami Foundation:
Data Sources and Methodology
This transparency report for Wakami 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.