Wespac Foundation Inc

Wespac Foundation Inc. shows strong recent revenue and asset growth with no reported officer compensation.

EIN: 133109400 · White Plains, NY · Updated: 2026-03-28

$4.3MRevenue

$2.0MAssets

85/100Mission Score (Excellent)

Is Wespac Foundation Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Wespac Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Wespac Foundation Inc

Wespac Foundation Inc (EIN: 133109400) is a nonprofit organization based in White Plains, NY. The organization reported total revenue of $4.3M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wespac Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Wespac Foundation Inc. demonstrates a fluctuating but generally positive financial trajectory, with recent filings showing significant growth in revenue and assets. In the 202308 period, the organization reported revenue of $2,379,650 against expenses of $1,783,917, indicating a healthy surplus. This trend is a substantial increase from previous years, such as 202208 where revenue was $1,071,720 and expenses were $1,063,135, showing a much tighter margin. The organization's assets have also grown considerably, reaching $1,665,048 in 202308 from $1,067,676 in 202208, suggesting effective asset management and accumulation of reserves. Liabilities remain very low across all reported periods, consistently under $3,000, which is a strong indicator of financial stability and low debt burden.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing overhead in this area, which is a positive sign for donor confidence. The significant growth in revenue and assets, coupled with minimal liabilities, points towards an organization that is effectively managing its finances and growing its capacity. The lack of reported officer compensation also contributes positively to the perception of transparency and efficient use of funds.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Wespac Foundation Inc with a Mission Score of 85 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: 85%
fundraising: 5%

According to IRS 990 filings, Wespac Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 received compensation from the organization, which is highly unusual for an organization of its size with recent revenues exceeding $2 million.

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 Wespac Foundation Inc's IRS 990 filings:

No reported officer compensation, which is highly unusual for an organization of this size and could indicate alternative compensation structures or reliance on external support not fully transparent in these filings.
NTEE code is unknown, which limits understanding of the organization's specific mission and programmatic focus.

Strengths

The following positive indicators were identified for Wespac Foundation Inc:

Consistent low liabilities, indicating strong financial stability and minimal debt burden (e.g., $2,959 in 202308).
Significant revenue growth in recent periods, with revenue increasing from $1,071,720 in 202208 to $2,379,650 in 202308.
Healthy asset growth, with assets reaching $1,665,048 in 202308.
Positive net income in most recent periods, demonstrating financial sustainability.

Frequently Asked Questions about Wespac Foundation Inc

Is Wespac Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Wespac Foundation Inc (EIN: 133109400) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

How does Wespac Foundation Inc spend its money?

Wespac Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Wespac Foundation Inc tax-deductible?

Wespac Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133109400). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does Wespac Foundation Inc. manage to operate without any reported officer compensation?

The filings consistently show 0% officer compensation. This could mean that executive functions are performed by volunteers, compensated through a related entity not captured in these specific filings, or that compensation is structured in a way that isn't categorized as 'officer compensation' on the 990.

What is the primary driver behind the significant revenue increase in recent years?

The data shows a substantial jump in revenue from $1,071,720 in 202208 to $2,379,650 in 202308. Without further detail on funding sources, it's unclear if this is due to increased grants, donations, or other income-generating activities.

What are the specific program activities that Wespac Foundation Inc. funds?

The provided data does not include details on the organization's specific program activities or NTEE code, making it difficult to assess the direct impact of its spending.

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Wespac Foundation Inc's revenue has grown by 1638.3%, moving from $137K to $2.4M. Total assets increased by 2981.1% over the same period, from $54K to $1.7M. Total functional expenses rose by 1279%, from $129K to $1.8M. In its most recent filing year (2023), Wespac Foundation Inc reported a surplus of $596K, with revenue exceeding expenses. The organization holds $3K in liabilities against $1.7M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.4M	$1.8M	$1.7M	$3K	—	View 990
2022	$1.1M	$1.1M	$1.1M	$3K	—	View 990
2021	$636K	$322K	$1.1M	$387	—	View 990
2020	$411K	$320K	$743K	$776	—	View 990
2019	$418K	$424K	$651K	$406	—	View 990
2018	$423K	$350K	$657K	$2K	—	View 990
2017	$360K	$415K	$582K	$2K	—	View 990
2016	$548K	$605K	$634K	$-280	—	View 990
2015	$1.1M	$836K	$692K	$812	—	View 990
2014	$678K	$381K	$402K	$1K	—	View 990
2013	$311K	$307K	$105K	$2K	—	View 990
2012	$226K	$180K	$100K	$1K	—	View 990
2011	$137K	$129K	$54K	$1K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.4M, expenses of $1.8M, and assets of $1.7M (revenue +122.0% year-over-year).
2022: Revenue of $1.1M, expenses of $1.1M, and assets of $1.1M (revenue +68.6% year-over-year).
2021: Revenue of $636K, expenses of $322K, and assets of $1.1M (revenue +54.6% year-over-year).
2020: Revenue of $411K, expenses of $320K, and assets of $743K (revenue -1.6% year-over-year).
2019: Revenue of $418K, expenses of $424K, and assets of $651K (revenue -1.3% year-over-year).
2018: Revenue of $423K, expenses of $350K, and assets of $657K (revenue +17.5% year-over-year).
2017: Revenue of $360K, expenses of $415K, and assets of $582K (revenue -34.3% year-over-year).
2016: Revenue of $548K, expenses of $605K, and assets of $634K (revenue -51.3% year-over-year).
2015: Revenue of $1.1M, expenses of $836K, and assets of $692K (revenue +66.3% year-over-year).
2014: Revenue of $678K, expenses of $381K, and assets of $402K (revenue +117.7% year-over-year).
2013: Revenue of $311K, expenses of $307K, and assets of $105K (revenue +37.7% year-over-year).
2012: Revenue of $226K, expenses of $180K, and assets of $100K (revenue +65.1% year-over-year).
2011: Revenue of $137K, expenses of $129K, and assets of $54K.

Data Sources and Methodology

This transparency report for Wespac 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.