Weascend Corporation
Weascend Corporation shows consistent revenue, growing assets, and no reported officer compensation over a decade of operations.
EIN: 208188786 · Atlanta, GA · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $466K |
| Total Expenses | $437K |
| Program Spending | 80% |
| Net Assets | $358K |
| Transparency Score | 85/100 |
Is Weascend Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Weascend Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Weascend Corporation
Weascend Corporation (EIN: 208188786) is a nonprofit organization based in Atlanta, GA, classified under NTEE code P20. The organization reported total revenue of $466K and total assets of $303K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Weascend Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Weascend Corporation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $353K |
| Total Expenses | $437K |
| Surplus / Deficit | $-83,313 |
| Total Assets | $375K |
| Total Liabilities | $17K |
| Net Assets | $358K |
| Operating Margin | -23.6% |
| Debt-to-Asset Ratio | 4.5% |
| Months of Reserves | 10.3 months |
Financial Health Grade: B
In 2023, Weascend Corporation reported a deficit of $83K with expenses exceeding revenue, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Weascend Corporation's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.9% | +9.8% | -16.0% |
| 2022 | -5.9% | -7.4% | +13.6% |
| 2021 | +13.0% | +8.8% | +34.5% |
| 2020 | +3.7% | +11.8% | +32.4% |
| 2019 | +112.8% | +21.5% | +43.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Weascend Corporation with a Mission Score of 85 out of 100 (Excellent). 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, Weascend Corporation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $83K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive aspect, suggesting that leadership is either volunteer-based or compensated through other means, allowing more resources to be directed towards the organization's mission.
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 Weascend Corporation's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202312), indicating a deficit for that period.
Strengths
The following positive indicators were identified for Weascend Corporation:
- Consistent growth in assets over the past decade, from $52,220 in 201412 to $374,830 in 202312.
- Zero reported officer compensation across all 13 filings, indicating strong commitment to mission-focused spending.
- Low liabilities relative to assets, suggesting good financial management and minimal debt burden.
- Consistent filing of IRS Form 990s, demonstrating transparency and regulatory compliance.
Frequently Asked Questions about Weascend Corporation
Is Weascend Corporation a legitimate charity?
Weascend Corporation (EIN: 208188786) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $466K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Weascend Corporation spend its money?
Weascend Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Weascend Corporation tax-deductible?
Weascend Corporation is registered as a tax-exempt nonprofit (EIN: 208188786). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Weascend Corporation's spending goes to programs?
Weascend Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Weascend Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Weascend Corporation is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Weascend Corporation located?
Weascend Corporation is headquartered in Atlanta, Georgia and files with the IRS under EIN 208188786. It is classified under NTEE code P20.
How many years of IRS 990 filings does Weascend Corporation have?
Weascend Corporation has 13 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 $466K in total revenue.
Is Weascend Corporation financially stable?
Yes, Weascend Corporation appears financially stable. While the 202312 filing showed expenses ($436,564) exceeding revenue ($353,251), the organization has a history of surpluses and has significantly grown its assets from $52,220 in 201412 to $374,830 in 202312, indicating a healthy reserve.
Does Weascend Corporation pay its executives?
Based on the provided IRS 990 data, Weascend Corporation consistently reported 0% officer compensation across all 13 filings, indicating that no officers received salaries or other compensation from the organization.
How has Weascend Corporation's financial health changed over time?
Weascend Corporation has shown consistent growth in assets, from $52,220 in 201412 to $374,830 in 202312. Revenues have generally fluctuated between $200,000 and $500,000, with expenses typically tracking closely. Liabilities have remained low, suggesting a well-managed balance sheet over the past decade.
Filing History
IRS 990 filing history for Weascend Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Weascend Corporation's revenue has grown by 135.8%, moving from $150K to $353K. Total assets increased by 12394.3% over the same period, from $3K to $375K. Total functional expenses rose by 147.2%, from $177K to $437K. In its most recent filing year (2023), Weascend Corporation reported a deficit of $83K, with expenses exceeding revenue. The organization holds $17K in liabilities against $375K in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $358K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $353K | $437K | $375K | $17K | — | — |
| 2022 | $458K | $398K | $446K | $5K | — | View 990 |
| 2021 | $487K | $429K | $393K | $12K | — | View 990 |
| 2020 | $431K | $395K | $292K | $56K | — | View 990 |
| 2019 | $416K | $353K | $221K | $20K | — | View 990 |
| 2018 | $195K | $291K | $154K | $16K | — | View 990 |
| 2017 | $511K | $317K | $255K | $21K | — | View 990 |
| 2016 | $244K | $268K | $51K | $12K | — | View 990 |
| 2015 | $244K | $234K | $63K | $548 | — | View 990 |
| 2014 | $192K | $152K | $52K | $0 | — | View 990 |
| 2013 | $96K | $119K | $14K | $2K | — | View 990 |
| 2012 | $246K | $207K | $42K | $6K | — | View 990 |
| 2011 | $150K | $177K | $3K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $353K, expenses of $437K, and assets of $375K (revenue -22.9% year-over-year).
- 2022: Revenue of $458K, expenses of $398K, and assets of $446K (revenue -5.9% year-over-year).
- 2021: Revenue of $487K, expenses of $429K, and assets of $393K (revenue +13.0% year-over-year).
- 2020: Revenue of $431K, expenses of $395K, and assets of $292K (revenue +3.7% year-over-year).
- 2019: Revenue of $416K, expenses of $353K, and assets of $221K (revenue +112.8% year-over-year).
- 2018: Revenue of $195K, expenses of $291K, and assets of $154K (revenue -61.8% year-over-year).
- 2017: Revenue of $511K, expenses of $317K, and assets of $255K (revenue +109.6% year-over-year).
- 2016: Revenue of $244K, expenses of $268K, and assets of $51K (revenue +0.2% year-over-year).
- 2015: Revenue of $244K, expenses of $234K, and assets of $63K (revenue +27.0% year-over-year).
- 2014: Revenue of $192K, expenses of $152K, and assets of $52K (revenue +100.4% year-over-year).
- 2013: Revenue of $96K, expenses of $119K, and assets of $14K (revenue -61.0% year-over-year).
- 2012: Revenue of $246K, expenses of $207K, and assets of $42K (revenue +64.0% year-over-year).
- 2011: Revenue of $150K, expenses of $177K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Weascend Corporation:
Data Sources and Methodology
This transparency report for Weascend Corporation 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.