Westerly Education Endowment Fund Inc
Westerly Education Endowment Fund consistently grows assets with zero officer compensation.
EIN: 201963637 · Westerly, RI · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8K |
| Total Expenses | $13K |
| Program Spending | 90% |
| Net Assets | $190K |
| Transparency Score | 95/100 |
Is Westerly Education Endowment Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westerly Education Endowment Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westerly Education Endowment Fund Inc
Westerly Education Endowment Fund Inc (EIN: 201963637) is a nonprofit organization based in Westerly, RI, classified under NTEE code B90. The organization reported total revenue of $8K and total assets of $164K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westerly Education Endowment Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westerly Education Endowment Fund Inc is a micro nonprofit that has been operating for 3 years, with 10 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $13K |
| Surplus / Deficit | $-1,397 |
| Total Assets | $190K |
| Net Assets | $190K |
| Operating Margin | -12.2% |
| Months of Reserves | 178.3 months |
Financial Health Grade: B
In 2023, Westerly Education Endowment Fund Inc reported a deficit of $1K with expenses exceeding revenue, holds 178.3 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2010–2023), Westerly Education Endowment Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -81.7% | -70.6% | +146.4% |
| 2018 | -16.5% | -43.4% | +31.9% |
| 2017 | +33.3% | +47.8% | -3.9% |
| 2016 | +132.5% | +119.4% | +6.8% |
| 2015 | -21.7% | +4.1% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Westerly Education Endowment Fund Inc with a Mission Score of 95 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, Westerly Education Endowment Fund 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size.
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 Westerly Education Endowment Fund Inc:
- Consistent asset growth from $33,529 in 2010 to $190,283 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Consistently reports $0 liabilities, demonstrating strong financial management.
- Regular and transparent IRS 990 filings.
- Strong program focus due to minimal administrative overhead.
Frequently Asked Questions about Westerly Education Endowment Fund Inc
Is Westerly Education Endowment Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Westerly Education Endowment Fund Inc (EIN: 201963637) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Westerly Education Endowment Fund Inc spend its money?
Westerly Education Endowment Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Westerly Education Endowment Fund Inc tax-deductible?
Westerly Education Endowment Fund Inc is registered as a tax-exempt nonprofit (EIN: 201963637). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Westerly Education Endowment Fund Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Westerly Education Endowment Fund Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Westerly Education Endowment Fund Inc located?
Westerly Education Endowment Fund Inc is headquartered in Westerly, Rhode Island and files with the IRS under EIN 201963637. It is classified under NTEE code B90.
How many years of IRS 990 filings does Westerly Education Endowment Fund Inc have?
Westerly Education Endowment Fund Inc has 10 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 $8K in total revenue.
Is Westerly Education Endowment Fund Inc. a good charity?
Based on its consistent asset growth, zero reported officer compensation, and clear financial transparency through regular 990 filings, Westerly Education Endowment Fund Inc. appears to be a very good charity, efficiently directing resources towards its mission.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved, with assets growing from $33,529 in 2010 to $190,283 in 2023, demonstrating long-term stability and growth despite fluctuations in annual revenue.
What is the organization's approach to executive compensation?
The organization has a highly efficient approach to executive compensation, consistently reporting 0% officer compensation, indicating that its leadership operates on a volunteer basis.
Filing History
IRS 990 filing history for Westerly Education Endowment Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2023), Westerly Education Endowment Fund Inc's revenue has declined by 68.2%, moving from $36K to $11K. Total assets increased by 467.5% over the same period, from $34K to $190K. Total functional expenses fell by 59.4%, from $32K to $13K. In its most recent filing year (2023), Westerly Education Endowment Fund Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $13K | $190K | $0 | — | — |
| 2018 | $62K | $44K | $77K | $0 | — | View 990 |
| 2017 | $75K | $77K | $59K | $0 | — | View 990 |
| 2016 | $56K | $52K | $61K | $0 | — | View 990 |
| 2015 | $24K | $24K | $57K | $0 | — | View 990 |
| 2014 | $31K | $23K | $57K | $0 | — | View 990 |
| 2013 | $47K | $46K | $49K | $0 | — | View 990 |
| 2012 | $26K | $14K | $48K | $0 | — | View 990 |
| 2011 | $28K | $25K | $36K | $0 | — | View 990 |
| 2010 | $36K | $32K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $13K, and assets of $190K (revenue -81.7% year-over-year).
- 2018: Revenue of $62K, expenses of $44K, and assets of $77K (revenue -16.5% year-over-year).
- 2017: Revenue of $75K, expenses of $77K, and assets of $59K (revenue +33.3% year-over-year).
- 2016: Revenue of $56K, expenses of $52K, and assets of $61K (revenue +132.5% year-over-year).
- 2015: Revenue of $24K, expenses of $24K, and assets of $57K (revenue -21.7% year-over-year).
- 2014: Revenue of $31K, expenses of $23K, and assets of $57K (revenue -34.4% year-over-year).
- 2013: Revenue of $47K, expenses of $46K, and assets of $49K (revenue +83.4% year-over-year).
- 2012: Revenue of $26K, expenses of $14K, and assets of $48K (revenue -7.5% year-over-year).
- 2011: Revenue of $28K, expenses of $25K, and assets of $36K (revenue -23.0% year-over-year).
- 2010: Revenue of $36K, expenses of $32K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westerly Education Endowment Fund Inc:
Data Sources and Methodology
This transparency report for Westerly Education Endowment Fund 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.