Wellesley Education Foundation Inc
Wellesley Education Foundation: Strong Financials, Consistent Program Support
EIN: 222653559 · Wellesley, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $826K |
| Total Expenses | $221K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $2.6M |
| Transparency Score | 85/100 |
Is Wellesley Education Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wellesley Education Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wellesley Education Foundation Inc
Wellesley Education Foundation Inc (EIN: 222653559) is a nonprofit organization based in Wellesley, MA. The organization reported total revenue of $826K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellesley Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wellesley Education Foundation Inc is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $221K |
| Surplus / Deficit | $-117,384 |
| Total Assets | $2.6M |
| Net Assets | $2.6M |
| Operating Margin | -113.8% |
| Months of Reserves | 140.9 months |
Financial Health Grade: B
In 2023, Wellesley Education Foundation Inc reported a deficit of $117K with expenses exceeding revenue, holds 140.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Wellesley Education Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.8% | +2.6% | +3.9% |
| 2022 | -65.3% | -70.0% | -12.3% |
| 2021 | +128.2% | +244.5% | +13.1% |
| 2020 | -12.9% | -26.2% | +3.1% |
| 2019 | +33.5% | +0.4% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Wellesley Education Foundation Inc 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Wellesley Education Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $117K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, suggesting it is below the $100,000 threshold for individual reporting or the organization has no highly compensated employees.
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.
Strengths
The following positive indicators were identified for Wellesley Education Foundation Inc:
- Consistent revenue generation over multiple years, with a notable increase in 2021.
- Healthy asset base, consistently above $2 million, indicating strong financial stability.
- Low to no reported liabilities across all years, demonstrating sound financial management.
- High percentage of expenses dedicated to programs, reflecting a strong commitment to mission.
Frequently Asked Questions about Wellesley Education Foundation Inc
Is Wellesley Education Foundation Inc a legitimate charity?
Wellesley Education Foundation Inc (EIN: 222653559) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $826K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Wellesley Education Foundation Inc spend its money?
Wellesley Education Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Wellesley Education Foundation Inc tax-deductible?
Wellesley Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222653559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wellesley Education Foundation Inc CEO make?
Wellesley Education Foundation Inc's highest-compensated officer earns $100,000 annually. The organization reported $826K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wellesley Education Foundation Inc's spending goes to programs?
Wellesley Education Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Wellesley Education Foundation Inc located?
Wellesley Education Foundation Inc is headquartered in Wellesley, Massachusetts and files with the IRS under EIN 222653559.
How many years of IRS 990 filings does Wellesley Education Foundation Inc have?
Wellesley Education Foundation Inc 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 $826K in total revenue.
What does Wellesley Education Foundation Inc do?
Wellesley Education Foundation Inc is a nonprofit organization in the Unknown sector, located in Wellesley, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Wellesley Education Foundation Inc have?
Wellesley Education Foundation Inc reported total revenue of $826,237. Based on 13 IRS 990 filings on record.
What are Wellesley Education Foundation Inc's total assets?
Wellesley Education Foundation Inc holds total assets of $2,798,896 as reported in IRS 990 filings.
Where is Wellesley Education Foundation Inc located?
Wellesley Education Foundation Inc is based in Wellesley, Massachusetts.
What is Wellesley Education Foundation Inc's EIN?
Wellesley Education Foundation Inc's Employer Identification Number (EIN) is 222653559. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wellesley Education Foundation Inc?
Wellesley Education Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Wellesley Education Foundation Inc a registered 501(c)(3)?
Wellesley Education Foundation Inc appears in IRS records (EIN: 222653559). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Wellesley Education Foundation Inc file IRS Form 990?
Yes, Wellesley Education Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Wellesley Education Foundation Inc's revenue in 2023?
In the 202306 filing period, Wellesley Education Foundation Inc reported total revenue of $103,157, total expenses of $220,541, and net assets of $2,589,421.
Is Wellesley Education Foundation Inc's revenue growing or declining?
Wellesley Education Foundation Inc's revenue is declining. Revenue went from $228,136 (202206) to $103,157 (202306), a -54.8% change. Based on 13 filings on record.
What is Wellesley Education Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Wellesley Education Foundation Inc covers tax period 202306. It shows revenue of $103,157, expenses of $220,541, total assets of $2,589,421, and liabilities of N/A.
How much does Wellesley Education Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Wellesley Education Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Wellesley Education Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Wellesley Education Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Wellesley Education Foundation Inc's strengths?
Positive indicators for Wellesley Education Foundation Inc include: Consistent revenue generation over multiple years, with a notable increase in 2021.. Healthy asset base, consistently above $2 million, indicating strong financial stability.. Low to no reported liabilities across all years, demonstrating sound financial management.. High percentage of expenses dedicated to programs, reflecting a strong commitment to mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Wellesley Education Foundation Inc compensate executives?
Executive compensation is not reported in the provided filings, suggesting it is below the $100,000 threshold for individual reporting or the organization has no highly compensated employees. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the Wellesley Education Foundation maintain such a low administrative and fundraising overhead while consistently growing its assets?
The organization appears to operate with a lean structure, potentially relying on volunteer support or efficient operational practices, allowing a greater proportion of funds to be directed towards programs and asset growth.
What factors contributed to the significant revenue spike in 2021 (r658332) compared to other years?
The 2021 revenue spike could be attributed to a successful fundraising campaign, a large one-time donation, or a specific grant received during that fiscal year, which would warrant further investigation into their annual reports or specific donor acknowledgments.
Filing History
IRS 990 filing history for Wellesley Education Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wellesley Education Foundation Inc's revenue has declined by 39.8%, moving from $171K to $103K. Total assets increased by 12.5% over the same period, from $2.3M to $2.6M. Total functional expenses fell by 23%, from $286K to $221K. In its most recent filing year (2023), Wellesley Education Foundation Inc reported a deficit of $117K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $221K | $2.6M | $0 | — | View 990 |
| 2022 | $228K | $215K | $2.5M | $0 | — | View 990 |
| 2021 | $658K | $717K | $2.8M | $27K | — | View 990 |
| 2020 | $289K | $208K | $2.5M | $0 | — | View 990 |
| 2019 | $331K | $282K | $2.4M | $0 | — | View 990 |
| 2018 | $248K | $281K | $2.3M | $90 | — | View 990 |
| 2017 | $220K | $274K | $2.3M | $867 | — | View 990 |
| 2016 | $202K | $222K | $2.2M | $45K | — | View 990 |
| 2015 | $330K | $307K | $2.3M | $37K | — | View 990 |
| 2014 | $193K | $205K | $2.4M | $22K | — | View 990 |
| 2013 | $166K | $240K | $2.2M | $29K | — | View 990 |
| 2012 | $257K | $236K | $2.2M | $11K | — | View 990 |
| 2011 | $171K | $286K | $2.3M | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $221K, and assets of $2.6M (revenue -54.8% year-over-year).
- 2022: Revenue of $228K, expenses of $215K, and assets of $2.5M (revenue -65.3% year-over-year).
- 2021: Revenue of $658K, expenses of $717K, and assets of $2.8M (revenue +128.2% year-over-year).
- 2020: Revenue of $289K, expenses of $208K, and assets of $2.5M (revenue -12.9% year-over-year).
- 2019: Revenue of $331K, expenses of $282K, and assets of $2.4M (revenue +33.5% year-over-year).
- 2018: Revenue of $248K, expenses of $281K, and assets of $2.3M (revenue +12.5% year-over-year).
- 2017: Revenue of $220K, expenses of $274K, and assets of $2.3M (revenue +9.0% year-over-year).
- 2016: Revenue of $202K, expenses of $222K, and assets of $2.2M (revenue -38.8% year-over-year).
- 2015: Revenue of $330K, expenses of $307K, and assets of $2.3M (revenue +71.1% year-over-year).
- 2014: Revenue of $193K, expenses of $205K, and assets of $2.4M (revenue +16.6% year-over-year).
- 2013: Revenue of $166K, expenses of $240K, and assets of $2.2M (revenue -35.6% year-over-year).
- 2012: Revenue of $257K, expenses of $236K, and assets of $2.2M (revenue +50.0% year-over-year).
- 2011: Revenue of $171K, expenses of $286K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wellesley Education Foundation Inc:
Data Sources and Methodology
This transparency report for Wellesley Education 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.