Wendell Scott Foundation Inc
EIN: 300680491 · Danville, VA · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.8M |
| Net Assets | $113K |
Is Wendell Scott Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wendell Scott Foundation Inc
Wendell Scott Foundation Inc (EIN: 300680491) is a nonprofit organization based in Danville, VA, classified under NTEE code T30. The organization reported total revenue of $2.9M and total assets of $155K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wendell Scott Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wendell Scott Foundation Inc is a mid-size nonprofit that has been operating for 2 years, with 5 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 55.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$4K |
| Total Assets | $155K |
| Total Liabilities | $42K |
| Net Assets | $113K |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 27.2% |
| Months of Reserves | 0.7 months |
Financial Health Grade: A
In 2023, Wendell Scott Foundation Inc reported a surplus of $4K with revenue exceeding expenses, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 27.2% (moderate leverage).
Financial Trends
Over 5 years of filings (2018–2023), Wendell Scott Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 55.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +420.8% | +421.0% | +19.2% |
| 2022 | +363.4% | +282.7% | -3.6% |
| 2021 | -64.8% | -52.7% | +8.4% |
| 2019 | +8.3% | +34.0% | +35.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wendell Scott Foundation Inc 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 Wendell Scott Foundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.2%.
Frequently Asked Questions about Wendell Scott Foundation Inc
Is Wendell Scott Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wendell Scott Foundation Inc (EIN: 300680491) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wendell Scott Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Wendell Scott Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Wendell Scott Foundation Inc tax-deductible?
Wendell Scott Foundation Inc is registered as a tax-exempt nonprofit (EIN: 300680491). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wendell Scott Foundation Inc located?
Wendell Scott Foundation Inc is headquartered in Danville, Virginia and files with the IRS under EIN 300680491. It is classified under NTEE code T30.
How many years of IRS 990 filings does Wendell Scott Foundation Inc have?
Wendell Scott Foundation Inc has 5 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 $2.9M in total revenue.
Filing History
IRS 990 filing history for Wendell Scott Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2023), Wendell Scott Foundation Inc's revenue has grown by 820.5%, moving from $302K to $2.8M. Total assets increased by 68.5% over the same period, from $92K to $155K. Total functional expenses rose by 1163.2%, from $220K to $2.8M. In its most recent filing year (2023), Wendell Scott Foundation Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $42K in liabilities against $155K in assets (debt-to-asset ratio: 27.2%), resulting in net assets of $113K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.8M | $155K | $42K | — | — |
| 2022 | $534K | $533K | $130K | $22K | — | — |
| 2021 | $115K | $139K | $135K | $27K | — | — |
| 2019 | $327K | $294K | $125K | $0 | — | View 990 |
| 2018 | $302K | $220K | $92K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.8M, and assets of $155K (revenue +420.8% year-over-year).
- 2022: Revenue of $534K, expenses of $533K, and assets of $130K (revenue +363.4% year-over-year).
- 2021: Revenue of $115K, expenses of $139K, and assets of $135K (revenue -64.8% year-over-year).
- 2019: Revenue of $327K, expenses of $294K, and assets of $125K (revenue +8.3% year-over-year).
- 2018: Revenue of $302K, expenses of $220K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wendell Scott Foundation Inc:
Data Sources and Methodology
This transparency report for Wendell Scott 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.