Wifle Foundation Inc
Wifle Foundation Inc shows strong revenue growth and zero officer compensation in recent years.
EIN: 204532945 · Arlington, VA · NTEE: I05 · Updated: 2026-03-28
Is Wifle Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wifle Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wifle Foundation Inc
Wifle Foundation Inc (EIN: 204532945) is a nonprofit organization based in Arlington, VA, classified under NTEE code I05. The organization reported total revenue of $809K and total assets of $578K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wifle Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wifle Foundation Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $650K |
| Total Expenses | $513K |
| Surplus / Deficit | +$137K |
| Total Assets | $529K |
| Net Assets | $529K |
| Operating Margin | 21.0% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2023, Wifle Foundation Inc reported a surplus of $137K with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Wifle Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61.9% | +41.8% | +42.4% |
| 2022 | +36.1% | +38.3% | -1.8% |
| 2021 | +388.9% | +143.3% | +11.4% |
| 2020 | -80.0% | -52.2% | -9.2% |
| 2019 | +31.4% | -0.4% | +25.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Wifle Foundation 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, Wifle 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $137K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is a highly positive indicator of the organization's commitment to directing funds towards its mission.
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 Wifle Foundation Inc:
- Strong revenue growth, particularly from $60,308 in 2020 to $649,715 in 2023.
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and mission focus.
- Minimal to zero liabilities reported in most recent periods, suggesting strong financial management.
- Healthy and growing asset base, reaching $578,065, providing financial stability.
- Expenses generally track revenue, indicating effective resource utilization and avoiding significant deficits.
Frequently Asked Questions about Wifle Foundation Inc
Is Wifle Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wifle Foundation Inc (EIN: 204532945) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Wifle Foundation Inc spend its money?
Wifle Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wifle Foundation Inc tax-deductible?
Wifle Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204532945). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Wifle Foundation Inc a good charity?
Based on the provided financial data, Wifle Foundation Inc appears to be a good charity. It demonstrates strong revenue growth, maintains a healthy asset base, and notably reports 0% officer compensation, indicating a high dedication to its mission.
How has Wifle Foundation Inc's revenue changed over time?
Wifle Foundation Inc has experienced significant revenue growth, particularly from $60,308 in 2020 to $649,715 in 2023, and further to $809,167 in the latest reported period. This indicates a strong upward trend in funding.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all available filings, meaning no salaries are paid to officers or key employees. This is an exceptional level of financial transparency and efficiency.
Does Wifle Foundation Inc have any significant liabilities?
No, Wifle Foundation Inc consistently reports $0 in liabilities in most recent filings (2023, 2022, 2021, 2020, 2019, 2017, 2016, 2015), indicating a very healthy financial position with no debt burden.
How has the organization's asset base evolved?
The asset base of Wifle Foundation Inc has shown consistent growth, increasing from $237,340 in 2014 to $528,983 in 2023, and reaching $578,065 in the latest reported period, demonstrating financial stability and accumulation of resources.
Filing History
IRS 990 filing history for Wifle Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wifle Foundation Inc's revenue has grown by 66.1%, moving from $391K to $650K. Total assets increased by 51.7% over the same period, from $349K to $529K. Total functional expenses rose by 33.7%, from $384K to $513K. In its most recent filing year (2023), Wifle Foundation Inc reported a surplus of $137K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $650K | $513K | $529K | $0 | — | — |
| 2022 | $401K | $362K | $371K | $0 | — | View 990 |
| 2021 | $295K | $262K | $378K | $0 | — | — |
| 2020 | $60K | $108K | $339K | $0 | — | View 990 |
| 2019 | $302K | $225K | $374K | $0 | — | View 990 |
| 2018 | $230K | $226K | $297K | $13K | — | View 990 |
| 2017 | $183K | $184K | $298K | $0 | — | View 990 |
| 2016 | $222K | $182K | $290K | $0 | — | View 990 |
| 2015 | $221K | $213K | $245K | $0 | — | View 990 |
| 2014 | $174K | $210K | $237K | $0 | — | View 990 |
| 2013 | $126K | $232K | $274K | $129 | — | View 990 |
| 2012 | $343K | $327K | $390K | $10K | — | View 990 |
| 2011 | $391K | $384K | $349K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $650K, expenses of $513K, and assets of $529K (revenue +61.9% year-over-year).
- 2022: Revenue of $401K, expenses of $362K, and assets of $371K (revenue +36.1% year-over-year).
- 2021: Revenue of $295K, expenses of $262K, and assets of $378K (revenue +388.9% year-over-year).
- 2020: Revenue of $60K, expenses of $108K, and assets of $339K (revenue -80.0% year-over-year).
- 2019: Revenue of $302K, expenses of $225K, and assets of $374K (revenue +31.4% year-over-year).
- 2018: Revenue of $230K, expenses of $226K, and assets of $297K (revenue +25.2% year-over-year).
- 2017: Revenue of $183K, expenses of $184K, and assets of $298K (revenue -17.2% year-over-year).
- 2016: Revenue of $222K, expenses of $182K, and assets of $290K (revenue +0.3% year-over-year).
- 2015: Revenue of $221K, expenses of $213K, and assets of $245K (revenue +26.9% year-over-year).
- 2014: Revenue of $174K, expenses of $210K, and assets of $237K (revenue +38.7% year-over-year).
- 2013: Revenue of $126K, expenses of $232K, and assets of $274K (revenue -63.4% year-over-year).
- 2012: Revenue of $343K, expenses of $327K, and assets of $390K (revenue -12.3% year-over-year).
- 2011: Revenue of $391K, expenses of $384K, and assets of $349K.
Data Sources and Methodology
This transparency report for Wifle 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.