Wfk Ice House Foundation Inc
Wfk Ice House Foundation Inc. operates with fluctuating revenues and expenses, often incurring deficits, while maintaining a stable asset base and reporting no officer compensation.
EIN: 201818898 · New London, NH · NTEE: A54 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $49K |
| Total Expenses | $52K |
| Program Spending | 80% |
| Net Assets | $289K |
| Transparency Score | 75/100 |
Is Wfk Ice House Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wfk Ice House Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wfk Ice House Foundation Inc
Wfk Ice House Foundation Inc (EIN: 201818898) is a nonprofit organization based in New London, NH, classified under NTEE code A54. The organization reported total revenue of $49K and total assets of $292K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wfk Ice House Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wfk Ice House Foundation Inc is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $52K |
| Surplus / Deficit | $-6,747 |
| Total Assets | $289K |
| Total Liabilities | $34 |
| Net Assets | $289K |
| Operating Margin | -15.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 67.3 months |
Financial Health Grade: B
In 2023, Wfk Ice House Foundation Inc reported a deficit of $7K with expenses exceeding revenue, holds 67.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wfk Ice House Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.1% | +16.9% | -2.3% |
| 2022 | -53.1% | +21.0% | -1.5% |
| 2021 | +111.6% | +9.8% | +20.1% |
| 2020 | +65.4% | -4.6% | +3.2% |
| 2019 | -9.3% | -25.8% | -4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Wfk Ice House Foundation Inc with a Mission Score of 75 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, Wfk Ice House Foundation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit 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.
Red Flags
The following concerns were identified during AI analysis of Wfk Ice House Foundation Inc's IRS 990 filings:
- Recurring operational deficits (e.g., 202312: $44,864 revenue vs. $51,611 expenses)
- Reliance on accumulated assets to cover operational shortfalls
Strengths
The following positive indicators were identified for Wfk Ice House Foundation Inc:
- Consistent 0% officer compensation across all filings
- Stable asset base despite operational fluctuations
- Very low liabilities, indicating minimal debt
- Consistent IRS 990 filing history demonstrating transparency
Frequently Asked Questions about Wfk Ice House Foundation Inc
Is Wfk Ice House Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wfk Ice House Foundation Inc (EIN: 201818898) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Wfk Ice House Foundation Inc spend its money?
Wfk Ice House Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wfk Ice House Foundation Inc tax-deductible?
Wfk Ice House Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201818898). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wfk Ice House Foundation Inc's spending goes to programs?
Wfk Ice House Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wfk Ice House Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Wfk Ice House Foundation Inc is above average for NTEE category A54 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wfk Ice House Foundation Inc located?
Wfk Ice House Foundation Inc is headquartered in New London, New Hampshire and files with the IRS under EIN 201818898. It is classified under NTEE code A54.
How many years of IRS 990 filings does Wfk Ice House Foundation Inc have?
Wfk Ice House Foundation 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 $49K in total revenue.
Is Wfk Ice House Foundation Inc. financially sustainable given its recurring deficits?
While the organization has reported expenses exceeding revenue in several periods (e.g., 202312 with $51,611 expenses vs. $44,864 revenue), its stable asset base (around $290,000 in recent years) suggests it can absorb these shortfalls. Long-term sustainability would benefit from consistent operational surpluses.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation is a significant strength, indicating that leadership is likely volunteer-based. This maximizes the proportion of funds available for the organization's mission and demonstrates a strong commitment to cost efficiency at the executive level.
What is the trend in the organization's assets and liabilities?
Assets have remained relatively stable, hovering around $250,000-$300,000 over the past decade, reaching $289,429 in 202312. Liabilities are consistently very low, typically under $50, indicating a healthy balance sheet with minimal debt.
Filing History
IRS 990 filing history for Wfk Ice House Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wfk Ice House Foundation Inc's revenue has grown by 82.3%, moving from $25K to $45K. Total assets increased by 9.4% over the same period, from $265K to $289K. Total functional expenses rose by 88.4%, from $27K to $52K. In its most recent filing year (2023), Wfk Ice House Foundation Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $34 in liabilities against $289K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $289K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $52K | $289K | $34 | — | — |
| 2022 | $41K | $44K | $296K | $42 | — | — |
| 2021 | $87K | $37K | $301K | $9 | — | — |
| 2020 | $41K | $33K | $250K | $4 | — | — |
| 2019 | $25K | $35K | $243K | $21 | — | View 990 |
| 2015 | $27K | $47K | $255K | $0 | — | View 990 |
| 2014 | $56K | $33K | $275K | $0 | — | View 990 |
| 2013 | $25K | $28K | $252K | $0 | — | View 990 |
| 2012 | $20K | $30K | $255K | $10 | — | View 990 |
| 2011 | $25K | $27K | $265K | $13 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $52K, and assets of $289K (revenue +10.1% year-over-year).
- 2022: Revenue of $41K, expenses of $44K, and assets of $296K (revenue -53.1% year-over-year).
- 2021: Revenue of $87K, expenses of $37K, and assets of $301K (revenue +111.6% year-over-year).
- 2020: Revenue of $41K, expenses of $33K, and assets of $250K (revenue +65.4% year-over-year).
- 2019: Revenue of $25K, expenses of $35K, and assets of $243K (revenue -9.3% year-over-year).
- 2015: Revenue of $27K, expenses of $47K, and assets of $255K (revenue -51.3% year-over-year).
- 2014: Revenue of $56K, expenses of $33K, and assets of $275K (revenue +125.5% year-over-year).
- 2013: Revenue of $25K, expenses of $28K, and assets of $252K (revenue +21.9% year-over-year).
- 2012: Revenue of $20K, expenses of $30K, and assets of $255K (revenue -17.1% year-over-year).
- 2011: Revenue of $25K, expenses of $27K, and assets of $265K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wfk Ice House Foundation Inc:
Data Sources and Methodology
This transparency report for Wfk Ice House 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.