Wha Inc
Wha Inc. maintains stable expenses and zero executive compensation amidst fluctuating revenues.
EIN: 10454077 · Waterville, ME · NTEE: L99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $189K |
| Total Expenses | $46K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $1.5M |
| Transparency Score | 90/100 |
Is Wha Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wha Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wha Inc
Wha Inc (EIN: 10454077) is a nonprofit organization based in Waterville, ME, classified under NTEE code L99. The organization reported total revenue of $189K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wha Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wha Inc is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $46K |
| Surplus / Deficit | +$28K |
| Total Assets | $1.9M |
| Total Liabilities | $351K |
| Net Assets | $1.5M |
| Operating Margin | 38.3% |
| Debt-to-Asset Ratio | 18.9% |
| Months of Reserves | 485.8 months |
Financial Health Grade: A
In 2023, Wha Inc reported a surplus of $28K with revenue exceeding expenses, holds 485.8 months of operating reserves (strong position), has a debt-to-asset ratio of 18.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2023), Wha Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.3% | -10.6% | +1.0% |
| 2022 | -56.0% | +12.6% | +9.7% |
| 2021 | +234.3% | -6.5% | +10.9% |
| 2020 | -73.1% | -79.1% | -0.1% |
| 2019 | +2749.2% | -15.5% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Wha Inc with a Mission Score of 90 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, Wha 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its size with assets over $1.5 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 Wha Inc's IRS 990 filings:
- Fluctuating annual revenue could impact long-term planning.
Strengths
The following positive indicators were identified for Wha Inc:
- Consistent zero officer compensation
- Strong asset base relative to liabilities
- Low and stable operating expenses
- Consistent IRS 990 filing history
Frequently Asked Questions about Wha Inc
Is Wha Inc a legitimate charity?
Wha Inc (EIN: 10454077) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $189K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Wha Inc spend its money?
Wha Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wha Inc tax-deductible?
Wha Inc is registered as a tax-exempt nonprofit (EIN: 10454077). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wha Inc CEO make?
Wha Inc's highest-compensated officer earns $1.5 annually. The organization reported $189K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wha Inc's spending goes to programs?
Wha Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wha Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Wha Inc is above average for NTEE category L99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wha Inc located?
Wha Inc is headquartered in Waterville, Maine and files with the IRS under EIN 10454077. It is classified under NTEE code L99.
How many years of IRS 990 filings does Wha Inc have?
Wha Inc has 13 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 $189K in total revenue.
Is Wha Inc. a good charity?
Based on the available financial data, Wha Inc. appears to be a well-managed charity. It maintains a strong asset base, keeps expenses low, and reports zero officer compensation, suggesting a high dedication to its mission and efficient use of funds.
How has Wha Inc.'s revenue trended recently?
Wha Inc.'s revenue has been inconsistent, with $223,114 in 2021, dropping to $98,243 in 2022, and further to $74,398 in 2023. This indicates a fluctuating income stream.
What is Wha Inc.'s financial stability?
Wha Inc. demonstrates strong financial stability with assets consistently over $1.5 million and liabilities significantly lower, for example, $1,859,622 in assets versus $350,687 in liabilities in 2023.
Filing History
IRS 990 filing history for Wha Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Wha Inc's revenue has grown by 200.3%, moving from $25K to $74K. Total assets increased by 1% over the same period, from $1.8M to $1.9M. Total functional expenses fell by 1.3%, from $47K to $46K. In its most recent filing year (2023), Wha Inc reported a surplus of $28K, with revenue exceeding expenses. The organization holds $351K in liabilities against $1.9M in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74K | $46K | $1.9M | $351K | — | — |
| 2022 | $98K | $51K | $1.8M | $360K | — | View 990 |
| 2021 | $223K | $46K | $1.7M | $244K | — | — |
| 2020 | $67K | $49K | $1.5M | $257K | — | View 990 |
| 2019 | $248K | $233K | $1.5M | $277K | — | View 990 |
| 2019 | $9K | $276K | $1.5M | $283K | — | View 990 |
| 2018 | $56K | $47K | $1.8M | $294K | — | View 990 |
| 2017 | $59K | $51K | $1.8M | $310K | — | View 990 |
| 2016 | $40K | $46K | $1.8M | $333K | — | View 990 |
| 2015 | $40K | $45K | $1.8M | $332K | — | View 990 |
| 2014 | $55K | $45K | $1.8M | $345K | — | View 990 |
| 2013 | $64K | $45K | $1.8M | $355K | — | View 990 |
| 2012 | $25K | $47K | $1.8M | $385K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74K, expenses of $46K, and assets of $1.9M (revenue -24.3% year-over-year).
- 2022: Revenue of $98K, expenses of $51K, and assets of $1.8M (revenue -56.0% year-over-year).
- 2021: Revenue of $223K, expenses of $46K, and assets of $1.7M (revenue +234.3% year-over-year).
- 2020: Revenue of $67K, expenses of $49K, and assets of $1.5M (revenue -73.1% year-over-year).
- 2019: Revenue of $248K, expenses of $233K, and assets of $1.5M (revenue +2749.2% year-over-year).
- 2019: Revenue of $9K, expenses of $276K, and assets of $1.5M (revenue -84.5% year-over-year).
- 2018: Revenue of $56K, expenses of $47K, and assets of $1.8M (revenue -5.3% year-over-year).
- 2017: Revenue of $59K, expenses of $51K, and assets of $1.8M (revenue +49.2% year-over-year).
- 2016: Revenue of $40K, expenses of $46K, and assets of $1.8M (revenue +0.8% year-over-year).
- 2015: Revenue of $40K, expenses of $45K, and assets of $1.8M (revenue -28.0% year-over-year).
- 2014: Revenue of $55K, expenses of $45K, and assets of $1.8M (revenue -14.5% year-over-year).
- 2013: Revenue of $64K, expenses of $45K, and assets of $1.8M (revenue +159.0% year-over-year).
- 2012: Revenue of $25K, expenses of $47K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wha Inc:
Data Sources and Methodology
This transparency report for Wha 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.