Wellsboro Community Foundation Inc

Wellsboro Community Foundation shows consistent asset growth and zero liabilities with no officer compensation.

EIN: 202680321 · Wellsboro, PA · NTEE: T31 · Updated: 2026-03-28

$1.4MRevenue

$2.7MAssets

92/100Mission Score (Excellent)

T31

About Wellsboro Community Foundation Inc

Wellsboro Community Foundation Inc (EIN: 202680321) is a nonprofit organization based in Wellsboro, PA, classified under NTEE code T31. The organization reported total revenue of $1.4M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellsboro Community Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Wellsboro Community Foundation Inc. demonstrates a generally healthy financial position, with assets consistently growing over the past decade, reaching $2,440,319 in 2023. The organization maintains a strong balance sheet with zero liabilities reported across all available filings, indicating excellent financial stability and low risk. Revenue has fluctuated significantly year-to-year, with a notable peak of $2,258,988 in 2019, but has shown consistent positive net income in most periods, contributing to asset growth. 

Spending efficiency appears strong, particularly given the consistent absence of officer compensation, suggesting that administrative costs are kept low and resources are primarily directed towards the foundation's mission. While specific program spending breakdowns are not detailed in the provided summary, the overall financial health and lack of liabilities are positive indicators. The foundation's consistent filing of IRS Form 990s over 13 periods also reflects a commitment to transparency.

Overall, the Wellsboro Community Foundation Inc. appears to be a well-managed organization with a solid financial foundation, effectively growing its assets and maintaining fiscal responsibility. The absence of officer compensation is a significant positive for spending efficiency and donor confidence.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Wellsboro Community Foundation Inc with a Mission Score of 92 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, Wellsboro Community Foundation Inc 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly favorable for donor confidence and resource allocation.

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 Wellsboro Community Foundation Inc:

Consistent asset growth, reaching $2,440,319 in 2023.
Zero liabilities reported across all 13 filings, indicating strong financial health.
0% officer compensation, maximizing resources for the mission.
Consistent positive net income in most periods, contributing to sustainability.
Regular IRS 990 filings demonstrate commitment to transparency.

Frequently Asked Questions about Wellsboro Community Foundation Inc

Is Wellsboro Community Foundation Inc. financially stable?

Yes, the foundation is highly financially stable, consistently reporting zero liabilities across all 13 filings and demonstrating steady asset growth, reaching $2,440,319 in 2023.

How efficient is Wellsboro Community Foundation Inc. with its spending?

The foundation appears very efficient, as evidenced by 0% officer compensation reported in all filings, suggesting that a very high proportion of expenses are directed towards program activities and essential administration.

Does Wellsboro Community Foundation Inc. have good transparency?

Yes, the organization demonstrates good transparency through its consistent filing of 13 IRS Form 990s over the years, providing public access to its financial data.

Filing History

IRS 990 filing history for Wellsboro Community Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Wellsboro Community Foundation Inc's revenue has grown by 2240.2%, moving from $22K to $510K. Total assets increased by 4333.6% over the same period, from $55K to $2.4M. Total functional expenses rose by 2782.6%, from $16K to $472K. In its most recent filing year (2023), Wellsboro Community Foundation Inc reported a surplus of $38K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$510K	$472K	$2.4M	$0	—	—
2022	$318K	$329K	$2.4M	$0	—	View 990
2021	$244K	$187K	$2.4M	$0	—	View 990
2020	$365K	$335K	$2.4M	$0	—	View 990
2019	$2.3M	$406K	$2.3M	$0	—	View 990
2018	$140K	$79K	$473K	$0	—	View 990
2017	$51K	$28K	$412K	$0	—	View 990
2016	$196K	$185K	$389K	$0	—	View 990
2015	$322K	$73K	$378K	$0	—	View 990
2014	$122K	$52K	$129K	$0	—	View 990
2013	$5K	$6K	$59K	$0	—	View 990
2012	$8K	$3K	$60K	$0	—	View 990
2011	$22K	$16K	$55K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $510K, expenses of $472K, and assets of $2.4M (revenue +60.6% year-over-year).
2022: Revenue of $318K, expenses of $329K, and assets of $2.4M (revenue +30.2% year-over-year).
2021: Revenue of $244K, expenses of $187K, and assets of $2.4M (revenue -33.2% year-over-year).
2020: Revenue of $365K, expenses of $335K, and assets of $2.4M (revenue -83.8% year-over-year).
2019: Revenue of $2.3M, expenses of $406K, and assets of $2.3M (revenue +1510.0% year-over-year).
2018: Revenue of $140K, expenses of $79K, and assets of $473K (revenue +172.8% year-over-year).
2017: Revenue of $51K, expenses of $28K, and assets of $412K (revenue -73.8% year-over-year).
2016: Revenue of $196K, expenses of $185K, and assets of $389K (revenue -39.0% year-over-year).
2015: Revenue of $322K, expenses of $73K, and assets of $378K (revenue +164.1% year-over-year).
2014: Revenue of $122K, expenses of $52K, and assets of $129K (revenue +2224.9% year-over-year).
2013: Revenue of $5K, expenses of $6K, and assets of $59K (revenue -35.6% year-over-year).
2012: Revenue of $8K, expenses of $3K, and assets of $60K (revenue -62.6% year-over-year).
2011: Revenue of $22K, expenses of $16K, and assets of $55K.

Data Sources and Methodology

This transparency report for Wellsboro Community 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.