Wellington Park Corporation
EIN: 420981572 · Evansdale, IA · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $298K |
| Total Expenses | $192K |
| Net Assets | $430K |
Is Wellington Park Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wellington Park Corporation
Wellington Park Corporation (EIN: 420981572) is a nonprofit organization based in Evansdale, IA, classified under NTEE code L22. The organization reported total revenue of $298K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellington Park Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wellington Park Corporation is a small nonprofit that has been operating for 2 years.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
| Total Revenue | $220K |
| Total Expenses | $192K |
| Surplus / Deficit | +$28K |
| Total Assets | $436K |
| Total Liabilities | $6K |
| Net Assets | $430K |
| Operating Margin | 12.6% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 27.2 months |
Financial Health Grade: A
In 2012, Wellington Park Corporation reported a surplus of $28K with revenue exceeding expenses, holds 27.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wellington Park Corporation 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 Wellington Park Corporation 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 (2012)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Frequently Asked Questions about Wellington Park Corporation
Is Wellington Park Corporation a legitimate charity?
Wellington Park Corporation (EIN: 420981572) is a registered tax-exempt nonprofit based in Iowa. Total revenue: $298K. No red flags identified. Financial health grade: A.
How does Wellington Park Corporation spend its money?
Wellington Park Corporation reported $298K in total revenue in IRS 990 filings. 1 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wellington Park Corporation tax-deductible?
Wellington Park Corporation is registered as a tax-exempt nonprofit (EIN: 420981572). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wellington Park Corporation located?
Wellington Park Corporation is headquartered in Evansdale, Iowa and files with the IRS under EIN 420981572. It is classified under NTEE code L22.
Filing History
IRS 990 filing history for Wellington Park Corporation showing financial trends over 1 year of public records:
In its most recent filing year (2012), Wellington Park Corporation reported a surplus of $28K, with revenue exceeding expenses. The organization holds $6K in liabilities against $436K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $430K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2012 | $220K | $192K | $436K | $6K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wellington Park Corporation:
Data Sources and Methodology
This transparency report for Wellington Park 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.