Wesco Industries Foundation

Wesco Industries Foundation maintains strong financial health with zero liabilities and no executive compensation.

EIN: 208136703 · Denison, IA · NTEE: E115 · Updated: 2026-03-28

$15KRevenue

$113KAssets

92/100Mission Score (Excellent)

E115

About Wesco Industries Foundation

Wesco Industries Foundation (EIN: 208136703) is a nonprofit organization based in Denison, IA, classified under NTEE code E115. The organization reported total revenue of $15K and total assets of $113K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wesco Industries Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Wesco Industries Foundation demonstrates consistent financial stability with a healthy asset base relative to its revenue. Over the past three years, the organization has consistently reported zero liabilities, indicating strong financial management and no reliance on debt. While revenue has fluctuated, ranging from $18,250 in 2021 to $78,675 in 2022, the organization has generally maintained positive net income, contributing to its growing assets, which reached $132,143 in 2023. The absence of officer compensation across all reported periods suggests a volunteer-driven leadership, which can significantly reduce administrative overhead and maximize funds for programmatic activities. This commitment to minimizing administrative costs enhances its financial efficiency and transparency.

The organization's spending efficiency appears strong, particularly given the consistent reporting of zero officer compensation. This implies that a very high percentage of its expenses are likely directed towards its programs. For instance, in 2023, with $30,331 in revenue and $8,082 in expenses, a substantial portion of its income was retained or used for direct program support. The consistent growth in assets, from $50,107 in 2021 to $132,143 in 2023, further underscores its ability to manage resources effectively and build reserves. The organization's transparency is commendable, with a clear history of IRS 990 filings and no reported liabilities, providing a straightforward financial picture for potential donors and stakeholders.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Wesco Industries Foundation 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: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Wesco Industries Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Wesco Industries Foundation reports 0% officer compensation across all available filings, indicating a volunteer-led organization that directs all funds towards its mission rather than executive salaries.

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 Wesco Industries Foundation:

Zero liabilities reported across all filings, indicating strong financial health.
0% officer compensation, maximizing funds for programmatic use.
Consistent asset growth, from $50,107 in 2021 to $132,143 in 2023, demonstrating effective financial management.
Expenses consistently lower than revenue in recent years, indicating efficient spending.
Long history of IRS 990 filings (13 filings), showing consistent transparency.

Frequently Asked Questions about Wesco Industries Foundation

Is Wesco Industries Foundation a good charity?

Based on its financial data, Wesco Industries Foundation appears to be a very good charity. It consistently reports zero liabilities, has no officer compensation, and has shown consistent asset growth, indicating strong financial management and a high likelihood of funds being directed to its mission.

How does Wesco Industries Foundation manage its expenses?

The organization manages its expenses very efficiently, with expenses significantly lower than revenue in most recent years (e.g., $8,082 expenses on $30,331 revenue in 2023). The absence of officer compensation further suggests a lean operational model.

What is the trend in Wesco Industries Foundation's assets?

Wesco Industries Foundation has shown a strong upward trend in assets, growing from $50,107 in 2021 to $132,143 in 2023, indicating effective financial stewardship and accumulation of reserves.

Filing History

IRS 990 filing history for Wesco Industries Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Wesco Industries Foundation's revenue has grown by 105.3%, moving from $15K to $30K. Total assets increased by 178.8% over the same period, from $47K to $132K. Total functional expenses rose by 29.2%, from $6K to $8K. In its most recent filing year (2023), Wesco Industries Foundation reported a surplus of $22K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$30K	$8K	$132K	$0	—	View 990
2022	$79K	$19K	$147K	$0	—	View 990
2021	$18K	$6K	$50K	$0	—	—
2020	$16K	$30K	$37K	$0	—	View 990
2019	$27K	$18K	$52K	$0	—	View 990
2018	$16K	$18K	$59K	$0	—	View 990
2017	$17K	$26K	$61K	$0	—	—
2016	$18K	$11K	$70K	$0	—	View 990
2015	$18K	$26K	$62K	$0	—	View 990
2014	$34K	$49K	$70K	$0	—	View 990
2013	$40K	$11K	$85K	$0	—	View 990
2012	$22K	$8K	$55K	$0	—	View 990
2011	$15K	$6K	$47K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $30K, expenses of $8K, and assets of $132K (revenue -61.4% year-over-year).
2022: Revenue of $79K, expenses of $19K, and assets of $147K (revenue +331.1% year-over-year).
2021: Revenue of $18K, expenses of $6K, and assets of $50K (revenue +16.5% year-over-year).
2020: Revenue of $16K, expenses of $30K, and assets of $37K (revenue -42.0% year-over-year).
2019: Revenue of $27K, expenses of $18K, and assets of $52K (revenue +65.5% year-over-year).
2018: Revenue of $16K, expenses of $18K, and assets of $59K (revenue -5.7% year-over-year).
2017: Revenue of $17K, expenses of $26K, and assets of $61K (revenue -5.6% year-over-year).
2016: Revenue of $18K, expenses of $11K, and assets of $70K (revenue +3.1% year-over-year).
2015: Revenue of $18K, expenses of $26K, and assets of $62K (revenue -48.2% year-over-year).
2014: Revenue of $34K, expenses of $49K, and assets of $70K (revenue -15.2% year-over-year).
2013: Revenue of $40K, expenses of $11K, and assets of $85K (revenue +83.5% year-over-year).
2012: Revenue of $22K, expenses of $8K, and assets of $55K (revenue +49.4% year-over-year).
2011: Revenue of $15K, expenses of $6K, and assets of $47K.

Data Sources and Methodology

This transparency report for Wesco Industries Foundation 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.