Will Group Foundation Inc
EIN: 300012378 · Frederick, MD · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $264K |
| Total Expenses | $67K |
| Net Assets | $901K |
Is Will Group Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Will Group Foundation Inc
Will Group Foundation Inc (EIN: 300012378) is a nonprofit organization based in Frederick, MD, classified under NTEE code B82. The organization reported total revenue of $264K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Will Group Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Will Group Foundation Inc is a small nonprofit that has been operating for 24 years, with 9 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $97K |
| Total Expenses | $67K |
| Surplus / Deficit | +$30K |
| Total Assets | $901K |
| Net Assets | $901K |
| Operating Margin | 31.2% |
| Months of Reserves | 162.1 months |
Financial Health Grade: A
In 2023, Will Group Foundation Inc reported a surplus of $30K with revenue exceeding expenses, holds 162.1 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2014–2023), Will Group Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +92.8% | -4.2% | +18.2% |
| 2022 | -25.9% | +57.8% | -23.1% |
| 2021 | -55.9% | +8.8% | +10.0% |
| 2020 | +154.3% | +3864.6% | +14.4% |
| 2019 | -91.7% | +27.6% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Will Group Foundation Inc 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 Will Group Foundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
Frequently Asked Questions about Will Group Foundation Inc
Is Will Group Foundation Inc a legitimate charity?
Will Group Foundation Inc (EIN: 300012378) is a registered tax-exempt nonprofit based in Maryland. It has 9 years of IRS 990 filings on record. Total revenue: $264K. No red flags identified. Financial health grade: A.
How does Will Group Foundation Inc spend its money?
Will Group Foundation Inc reported $264K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Will Group Foundation Inc tax-deductible?
Will Group Foundation Inc is registered as a tax-exempt nonprofit (EIN: 300012378). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Will Group Foundation Inc located?
Will Group Foundation Inc is headquartered in Frederick, Maryland and files with the IRS under EIN 300012378. It is classified under NTEE code B82.
How many years of IRS 990 filings does Will Group Foundation Inc have?
Will Group Foundation Inc has 9 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 $264K in total revenue.
Filing History
IRS 990 filing history for Will Group Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2023), Will Group Foundation Inc's revenue has declined by 11.6%, moving from $110K to $97K. Total assets increased by 666.7% over the same period, from $117K to $901K. Total functional expenses fell by 38.6%, from $109K to $67K. In its most recent filing year (2023), Will Group Foundation Inc reported a surplus of $30K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $97K | $67K | $901K | $0 | — | — |
| 2022 | $50K | $70K | $762K | $0 | — | View 990 |
| 2021 | $68K | $44K | $990K | $0 | — | View 990 |
| 2020 | $154K | $41K | $900K | $0 | — | View 990 |
| 2019 | $61K | $1K | $787K | $0 | — | View 990 |
| 2018 | $727K | $801 | $727K | $0 | — | View 990 |
| 2016 | $5K | $4K | $925 | $0 | — | View 990 |
| 2015 | $192K | $307K | $2K | $0 | — | View 990 |
| 2014 | $110K | $109K | $117K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $97K, expenses of $67K, and assets of $901K (revenue +92.8% year-over-year).
- 2022: Revenue of $50K, expenses of $70K, and assets of $762K (revenue -25.9% year-over-year).
- 2021: Revenue of $68K, expenses of $44K, and assets of $990K (revenue -55.9% year-over-year).
- 2020: Revenue of $154K, expenses of $41K, and assets of $900K (revenue +154.3% year-over-year).
- 2019: Revenue of $61K, expenses of $1K, and assets of $787K (revenue -91.7% year-over-year).
- 2018: Revenue of $727K, expenses of $801, and assets of $727K (revenue +15713.5% year-over-year).
- 2016: Revenue of $5K, expenses of $4K, and assets of $925 (revenue -97.6% year-over-year).
- 2015: Revenue of $192K, expenses of $307K, and assets of $2K (revenue +75.2% year-over-year).
- 2014: Revenue of $110K, expenses of $109K, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Will Group Foundation Inc:
Data Sources and Methodology
This transparency report for Will Group 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.