Wilkes Medical Center Foundation
EIN: 822345613 · N Wilkesboro, NC · NTEE: E12
Is Wilkes Medical Center Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wilkes Medical Center Foundation
Wilkes Medical Center Foundation (EIN: 822345613) is a nonprofit organization based in N Wilkesboro, NC, classified under NTEE code E12. The organization reported total revenue of $495K and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilkes Medical Center Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilkes Medical Center Foundation is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2018–2021). Revenue has grown at a compound annual rate of -35.6%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $533K |
| Surplus / Deficit | +$819K |
| Total Assets | $9.9M |
| Net Assets | $9.9M |
| Operating Margin | 60.6% |
| Months of Reserves | 223.6 months |
Financial Health Grade: A
In 2021, Wilkes Medical Center Foundation reported a surplus of $819K with revenue exceeding expenses, holds 223.6 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2018–2021), Wilkes Medical Center Foundation's revenue has declined at a compound annual growth rate (CAGR) of -35.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +20.1% | +441.6% | +45.1% |
| 2020 | +42.7% | +2.3% | +20.2% |
| 2019 | -84.4% | +1159.8% | +12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wilkes Medical Center Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wilkes Medical Center Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $819K, with revenue exceeding expenses.
Frequently Asked Questions about Wilkes Medical Center Foundation
Is Wilkes Medical Center Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wilkes Medical Center Foundation (EIN: 822345613) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wilkes Medical Center Foundation spend its money?
Detailed spending breakdown data is not yet available for Wilkes Medical Center Foundation. Check back for updated IRS 990 analysis.
Are donations to Wilkes Medical Center Foundation tax-deductible?
Wilkes Medical Center Foundation is registered as a tax-exempt nonprofit (EIN: 822345613). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Wilkes Medical Center Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2018–2021), Wilkes Medical Center Foundation's revenue has declined by 73.3%, moving from $5.1M to $1.4M. Total assets increased by 96.7% over the same period, from $5.1M to $9.9M. Total functional expenses rose by 6878.5%, from $8K to $533K. In its most recent filing year (2021), Wilkes Medical Center Foundation reported a surplus of $819K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $1.4M | $533K | $9.9M | $0 | — | — |
| 2020 | $1.1M | $98K | $6.8M | $0 | — | — |
| 2019 | $788K | $96K | $5.7M | $0 | — | View 990 |
| 2018 | $5.1M | $8K | $5.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $1.4M, expenses of $533K, and assets of $9.9M (revenue +20.1% year-over-year).
- 2020: Revenue of $1.1M, expenses of $98K, and assets of $6.8M (revenue +42.7% year-over-year).
- 2019: Revenue of $788K, expenses of $96K, and assets of $5.7M (revenue -84.4% year-over-year).
- 2018: Revenue of $5.1M, expenses of $8K, and assets of $5.1M.
Data Sources and Methodology
This transparency report for Wilkes Medical Center Foundation 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.