Wellesley Media Corporation
Wellesley Media Corporation consistently grows assets with zero reported officer compensation.
EIN: 113658144 · Wellesley, MA · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $486K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.1M |
| Transparency Score | 95/100 |
Is Wellesley Media Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wellesley Media Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wellesley Media Corporation
Wellesley Media Corporation (EIN: 113658144) is a nonprofit organization based in Wellesley, MA, classified under NTEE code B90. The organization reported total revenue of $1.9M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellesley Media Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wellesley Media Corporation is a mid-size nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $613K |
| Total Expenses | $486K |
| Surplus / Deficit | +$127K |
| Total Assets | $3.1M |
| Total Liabilities | $13K |
| Net Assets | $3.1M |
| Operating Margin | 20.7% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 75.8 months |
Financial Health Grade: A
In 2023, Wellesley Media Corporation reported a surplus of $127K with revenue exceeding expenses, holds 75.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Wellesley Media Corporation's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.4% | +2.7% | +4.2% |
| 2022 | +0.2% | -4.3% | +3.2% |
| 2021 | -8.7% | -10.5% | +2.2% |
| 2020 | -2.6% | +5.9% | +2.1% |
| 2019 | -0.7% | +12.1% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Media Corporation with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Wellesley Media Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $127K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size with assets exceeding $3 million.
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 Wellesley Media Corporation's IRS 990 filings:
- Unusually low liabilities relative to assets, which could indicate conservative financial practices or a lack of significant capital investments requiring debt.
- Consistent 0% officer compensation, which, while positive for resource allocation, is highly uncommon for an organization of this scale and might warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Wellesley Media Corporation:
- Strong financial stability with consistent asset growth from $1,978,330 in 2014 to $3,070,695 in 2023.
- Excellent spending efficiency indicated by 0% officer compensation across all reported periods.
- Low liabilities, consistently under $20,000 in recent years, demonstrating minimal debt burden.
- Consistent operational surpluses, with revenues generally exceeding expenses (e.g., $612,791 revenue vs. $485,817 expenses in 2023).
- High transparency through consistent IRS 990 filings over 12 periods.
Frequently Asked Questions about Wellesley Media Corporation
Is Wellesley Media Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wellesley Media Corporation (EIN: 113658144) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Wellesley Media Corporation spend its money?
Wellesley Media Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wellesley Media Corporation tax-deductible?
Wellesley Media Corporation is registered as a tax-exempt nonprofit (EIN: 113658144). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wellesley Media Corporation CEO make?
Wellesley Media Corporation's highest-compensated officer earns $3 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Wellesley Media Corporation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Wellesley Media Corporation is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wellesley Media Corporation located?
Wellesley Media Corporation is headquartered in Wellesley, Massachusetts and files with the IRS under EIN 113658144. It is classified under NTEE code B90.
How many years of IRS 990 filings does Wellesley Media Corporation have?
Wellesley Media Corporation has 12 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 $1.9M in total revenue.
How does Wellesley Media Corporation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive functions might be performed by volunteers, or compensated through other means not classified as 'officer compensation' on the 990, or the organization has a unique operational model that minimizes top-level salaries.
What is the primary source of Wellesley Media Corporation's revenue?
While the specific breakdown isn't provided in the summary, the consistent revenue generation (e.g., $612,791 in 2023) for a media corporation often comes from membership fees, grants, production services, or community support.
Is the organization's asset growth sustainable?
Yes, the organization has shown consistent asset growth from $1,978,330 in 2014 to $3,070,695 in 2023, coupled with revenues consistently exceeding expenses, indicating a sustainable financial model.
Filing History
IRS 990 filing history for Wellesley Media Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Wellesley Media Corporation's revenue has grown by 1.5%, moving from $604K to $613K. Total assets increased by 90.3% over the same period, from $1.6M to $3.1M. Total functional expenses rose by 12.1%, from $433K to $486K. In its most recent filing year (2023), Wellesley Media Corporation reported a surplus of $127K, with revenue exceeding expenses. The organization holds $13K in liabilities against $3.1M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $613K | $486K | $3.1M | $13K | — | View 990 |
| 2022 | $560K | $473K | $2.9M | $17K | — | View 990 |
| 2021 | $559K | $494K | $2.9M | $12K | — | View 990 |
| 2020 | $612K | $552K | $2.8M | $14K | — | View 990 |
| 2019 | $628K | $522K | $2.7M | $18K | — | View 990 |
| 2018 | $633K | $465K | $2.6M | $20K | — | View 990 |
| 2017 | $642K | $454K | $2.5M | $26K | — | View 990 |
| 2016 | $696K | $447K | $2.3M | $42K | — | View 990 |
| 2015 | $586K | $539K | $2.0M | $23K | — | View 990 |
| 2014 | $737K | $440K | $2.0M | $18K | — | View 990 |
| 2013 | $495K | $432K | $1.7M | $12K | — | View 990 |
| 2012 | $604K | $433K | $1.6M | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $613K, expenses of $486K, and assets of $3.1M (revenue +9.4% year-over-year).
- 2022: Revenue of $560K, expenses of $473K, and assets of $2.9M (revenue +0.2% year-over-year).
- 2021: Revenue of $559K, expenses of $494K, and assets of $2.9M (revenue -8.7% year-over-year).
- 2020: Revenue of $612K, expenses of $552K, and assets of $2.8M (revenue -2.6% year-over-year).
- 2019: Revenue of $628K, expenses of $522K, and assets of $2.7M (revenue -0.7% year-over-year).
- 2018: Revenue of $633K, expenses of $465K, and assets of $2.6M (revenue -1.4% year-over-year).
- 2017: Revenue of $642K, expenses of $454K, and assets of $2.5M (revenue -7.8% year-over-year).
- 2016: Revenue of $696K, expenses of $447K, and assets of $2.3M (revenue +18.8% year-over-year).
- 2015: Revenue of $586K, expenses of $539K, and assets of $2.0M (revenue -20.5% year-over-year).
- 2014: Revenue of $737K, expenses of $440K, and assets of $2.0M (revenue +48.8% year-over-year).
- 2013: Revenue of $495K, expenses of $432K, and assets of $1.7M (revenue -17.9% year-over-year).
- 2012: Revenue of $604K, expenses of $433K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wellesley Media Corporation:
Data Sources and Methodology
This transparency report for Wellesley Media 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.