Willing Hands Enterprises
Willing Hands Enterprises shows strong asset growth and zero officer compensation, despite recent operating deficits.
EIN: 202204811 · Norwich, VT · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $2.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $3.0M |
| Transparency Score | 85/100 |
Is Willing Hands Enterprises Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Willing Hands Enterprises directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Willing Hands Enterprises
Willing Hands Enterprises (EIN: 202204811) is a nonprofit organization based in Norwich, VT, classified under NTEE code P60. The organization reported total revenue of $3.2M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Willing Hands Enterprises's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Willing Hands Enterprises is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 18.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-200,724 |
| Total Assets | $3.1M |
| Total Liabilities | $77K |
| Net Assets | $3.0M |
| Operating Margin | -11.4% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 18.9 months |
Financial Health Grade: B
In 2024, Willing Hands Enterprises reported a deficit of $201K with expenses exceeding revenue, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Willing Hands Enterprises's revenue has grown at a compound annual growth rate (CAGR) of 18.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.7% | +12.6% | -3.5% |
| 2023 | -6.7% | +30.3% | -1.9% |
| 2022 | -21.2% | -0.8% | +5.7% |
| 2021 | +36.3% | +40.9% | +23.1% |
| 2020 | +13.6% | +33.4% | +38.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Willing Hands Enterprises with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Willing Hands Enterprises allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $201K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size, with revenues exceeding $1.7 million in the latest period, and suggests a volunteer-led or externally compensated leadership structure.
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 Willing Hands Enterprises's IRS 990 filings:
- Consecutive operating deficits in the last two reported periods (2023 and 2024)
- Unusually low (0%) officer compensation for an organization of this revenue size, which may indicate an alternative compensation structure not fully transparent in the provided data.
Strengths
The following positive indicators were identified for Willing Hands Enterprises:
- Strong and consistent asset growth over the past decade, from $629,267 in 2016 to $3,103,929 in 2024.
- Zero reported officer compensation across all filings, indicating a high dedication of funds to the mission.
- Low liabilities relative to assets, suggesting strong financial solvency (e.g., $77,261 liabilities vs. $3,103,929 assets in 2024).
- Long and consistent filing history (14 filings), demonstrating commitment to transparency and compliance.
- Significant revenue growth over time, from $156,263 in 2016 to $1,768,490 in 2024.
Frequently Asked Questions about Willing Hands Enterprises
Is Willing Hands Enterprises a legitimate charity?
Based on AI analysis of IRS 990 filings, Willing Hands Enterprises (EIN: 202204811) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Willing Hands Enterprises spend its money?
Willing Hands Enterprises directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Willing Hands Enterprises tax-deductible?
Willing Hands Enterprises is registered as a tax-exempt nonprofit (EIN: 202204811). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Willing Hands Enterprises CEO make?
Willing Hands Enterprises's highest-compensated officer earns $1.7 annually. The organization reported $3.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Willing Hands Enterprises's spending goes to programs?
Willing Hands Enterprises directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Willing Hands Enterprises compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Willing Hands Enterprises is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Willing Hands Enterprises located?
Willing Hands Enterprises is headquartered in Norwich, Vermont and files with the IRS under EIN 202204811. It is classified under NTEE code P60.
How many years of IRS 990 filings does Willing Hands Enterprises have?
Willing Hands Enterprises has 14 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 $3.2M in total revenue.
How does Willing Hands Enterprises manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all 14 filings is highly unusual for an organization of this scale. It suggests that leadership may be entirely volunteer-based, compensated by a related entity, or that compensation is structured in a way not reported as 'officer compensation' on the 990, such as through a management company.
What caused the operating deficits in the 2023 and 2024 periods?
In 2024, expenses ($1,969,214) exceeded revenue ($1,768,490) by $200,724. Similarly, in 2023, expenses ($1,748,242) exceeded revenue ($1,597,272) by $150,970. While the specific causes are not detailed in the provided data, these deficits could be due to increased program delivery costs, strategic investments, or temporary dips in fundraising, offset by the organization's substantial asset base.
Is the organization's asset growth sustainable given recent deficits?
Willing Hands Enterprises has a strong asset base of $3,103,929 in 2024, significantly higher than its liabilities of $77,261. While two consecutive years of operating deficits (2023 and 2024) warrant monitoring, the organization's substantial net assets provide a buffer. Continued deficits without a corresponding increase in revenue or reduction in expenses could eventually impact long-term sustainability, but the current asset position is robust.
Filing History
IRS 990 filing history for Willing Hands Enterprises showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Willing Hands Enterprises's revenue has grown by 840.1%, moving from $188K to $1.8M. Total assets increased by 1411.3% over the same period, from $205K to $3.1M. Total functional expenses rose by 1613.6%, from $115K to $2.0M. In its most recent filing year (2024), Willing Hands Enterprises reported a deficit of $201K, with expenses exceeding revenue. The organization holds $77K in liabilities against $3.1M in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $2.0M | $3.1M | $77K | — | View 990 |
| 2023 | $1.6M | $1.7M | $3.2M | $61K | — | View 990 |
| 2022 | $1.7M | $1.3M | $3.3M | $77K | — | View 990 |
| 2021 | $2.2M | $1.4M | $3.1M | $47K | — | View 990 |
| 2020 | $1.6M | $960K | $2.5M | $428K | — | View 990 |
| 2019 | $1.4M | $720K | $1.8M | $341K | — | View 990 |
| 2018 | $712K | $665K | $803K | $8K | — | View 990 |
| 2017 | $658K | $571K | $740K | $7K | — | View 990 |
| 2016 | $156K | $159K | $629K | $4K | — | View 990 |
| 2015 | $198K | $140K | $627K | $2K | — | View 990 |
| 2014 | $402K | $132K | $564K | $2K | — | View 990 |
| 2013 | $182K | $129K | $293K | $1K | — | View 990 |
| 2012 | $151K | $115K | $241K | $2K | — | View 990 |
| 2011 | $188K | $115K | $205K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.8M, expenses of $2.0M, and assets of $3.1M (revenue +10.7% year-over-year).
- 2023: Revenue of $1.6M, expenses of $1.7M, and assets of $3.2M (revenue -6.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.3M, and assets of $3.3M (revenue -21.2% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.4M, and assets of $3.1M (revenue +36.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $960K, and assets of $2.5M (revenue +13.6% year-over-year).
- 2019: Revenue of $1.4M, expenses of $720K, and assets of $1.8M (revenue +97.1% year-over-year).
- 2018: Revenue of $712K, expenses of $665K, and assets of $803K (revenue +8.1% year-over-year).
- 2017: Revenue of $658K, expenses of $571K, and assets of $740K (revenue +321.3% year-over-year).
- 2016: Revenue of $156K, expenses of $159K, and assets of $629K (revenue -21.2% year-over-year).
- 2015: Revenue of $198K, expenses of $140K, and assets of $627K (revenue -50.7% year-over-year).
- 2014: Revenue of $402K, expenses of $132K, and assets of $564K (revenue +121.0% year-over-year).
- 2013: Revenue of $182K, expenses of $129K, and assets of $293K (revenue +20.8% year-over-year).
- 2012: Revenue of $151K, expenses of $115K, and assets of $241K (revenue -19.9% year-over-year).
- 2011: Revenue of $188K, expenses of $115K, and assets of $205K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Willing Hands Enterprises:
Data Sources and Methodology
This transparency report for Willing Hands Enterprises 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.