Wellston Loop Community Development Corporation
Wellston Loop CDC shows fluctuating revenue and minimal assets, with expenses slightly exceeding income in its latest filing.
EIN: 10666585 · Saint Louis, MO · NTEE: P01 · Updated: 2026-03-27
Is Wellston Loop Community Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wellston Loop Community Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wellston Loop Community Development Corporation
Wellston Loop Community Development Corporation (EIN: 10666585) is a nonprofit organization based in Saint Louis, MO, classified under NTEE code P01. The organization reported total revenue of $165K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellston Loop Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wellston Loop Community Development Corporation with a Mission Score of 65 out of 100 (Good). 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, Wellston Loop Community Development 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.
Executive Compensation Analysis
No officer compensation has been reported across all six filings, indicating a volunteer-led organization or one with very low overhead for executive functions, which is appropriate given the organization's small size and limited assets.
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 Wellston Loop Community Development Corporation's IRS 990 filings:
- Extremely low assets ($1 in 202312), indicating minimal financial reserves and potential instability.
- Expenses ($175,706) slightly exceeded revenue ($174,052) in the latest filing, suggesting deficit spending.
- Inconsistent financial activity over time, with periods of very low revenue and expenses, raising questions about sustained operational capacity.
Strengths
The following positive indicators were identified for Wellston Loop Community Development Corporation:
- No reported officer compensation across all filings, indicating a volunteer-driven model and efficient use of funds for leadership.
- Recent increase in revenue and expenses (202312) compared to earlier periods, suggesting renewed activity and potential growth.
Frequently Asked Questions about Wellston Loop Community Development Corporation
Is Wellston Loop Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wellston Loop Community Development Corporation (EIN: 10666585) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Wellston Loop Community Development Corporation spend its money?
Wellston Loop Community Development Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wellston Loop Community Development Corporation tax-deductible?
Wellston Loop Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 10666585). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Wellston Loop Community Development Corporation a good charity?
The organization's commitment to not paying officer compensation is a positive sign for efficiency. However, its very low asset base ($1 in 202312) and history of fluctuating financial activity suggest potential instability and limited capacity for large-scale, sustained impact. Donors should seek more information on program outcomes and future financial sustainability.
What is the organization's financial stability?
Financial stability appears low. With assets of only $1 in the latest filing (202312) and expenses slightly exceeding revenue, the organization operates with virtually no financial cushion or reserves. This makes it vulnerable to financial shocks and limits its ability to invest in long-term projects.
How does the organization manage its expenses?
In the latest period (202312), expenses ($175,706) slightly exceeded revenue ($174,052). While the specific breakdown of program, administrative, and fundraising expenses isn't detailed in the provided summary, the absence of officer compensation suggests a lean approach to executive costs. However, the overall spending pattern indicates a tight budget with little room for error.
Filing History
IRS 990 filing history for Wellston Loop Community Development Corporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2010–2023), Wellston Loop Community Development Corporation's revenue has grown by 34710.4%, moving from $500 to $174K. Total functional expenses rose by 390357.8%, from $45 to $176K. In its most recent filing year (2023), Wellston Loop Community Development Corporation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $2K in liabilities against $1 in assets (debt-to-asset ratio: 165400.0%), resulting in net assets of $-1,653.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $174K | $176K | $1 | $2K | — | View 990 |
| 2022 | $66K | $62K | $4K | $0 | — | View 990 |
| 2014 | $150 | $0 | $0 | $0 | — | View 990 |
| 2012 | $300 | $60 | $121 | $0 | — | View 990 |
| 2011 | $750 | $60 | $120 | $0 | — | View 990 |
| 2010 | $500 | $45 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $174K, expenses of $176K, and assets of $1 (revenue +162.5% year-over-year).
- 2022: Revenue of $66K, expenses of $62K, and assets of $4K (revenue +44103.3% year-over-year).
- 2014: Revenue of $150, expenses of $0, and assets of $0 (revenue -50.0% year-over-year).
- 2012: Revenue of $300, expenses of $60, and assets of $121 (revenue -60.0% year-over-year).
- 2011: Revenue of $750, expenses of $60, and assets of $120 (revenue +50.0% year-over-year).
- 2010: Revenue of $500, expenses of $45, and assets of $0.
Data Sources and Methodology
This transparency report for Wellston Loop Community Development 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.