Willy Foundation Inc
EIN: 270839151 · Charleston, WV · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $5K |
| Net Assets | $220K |
Is Willy 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 Willy Foundation Inc
Willy Foundation Inc (EIN: 270839151) is a nonprofit organization based in Charleston, WV, classified under NTEE code T20. The organization reported total revenue of $10K and total assets of $223K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Willy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Willy Foundation Inc is a micro nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $5K |
| Surplus / Deficit | +$840 |
| Total Assets | $220K |
| Total Liabilities | $1 |
| Net Assets | $220K |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 558.4 months |
Financial Health Grade: A
In 2023, Willy Foundation Inc reported a surplus of $840 with revenue exceeding expenses, holds 558.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Willy Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.4% | -41.9% | +0.4% |
| 2022 | +12.4% | +19.0% | -0.6% |
| 2021 | -8.4% | +15.8% | -0.3% |
| 2020 | -85.3% | -74.7% | +0.3% |
| 2019 | -20.1% | -5.2% | +95.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Willy 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 Willy 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 $840, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Willy Foundation Inc
Is Willy Foundation Inc a legitimate charity?
Willy Foundation Inc (EIN: 270839151) is a registered tax-exempt nonprofit based in West Virginia. It has 10 years of IRS 990 filings on record. Total revenue: $10K. No red flags identified. Financial health grade: A.
How does Willy Foundation Inc spend its money?
Willy Foundation Inc reported $10K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Willy Foundation Inc tax-deductible?
Willy Foundation Inc is registered as a tax-exempt nonprofit (EIN: 270839151). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Willy Foundation Inc located?
Willy Foundation Inc is headquartered in Charleston, West Virginia and files with the IRS under EIN 270839151. It is classified under NTEE code T20.
How many years of IRS 990 filings does Willy Foundation Inc have?
Willy Foundation Inc has 10 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 $10K in total revenue.
Filing History
IRS 990 filing history for Willy Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Willy Foundation Inc's revenue has declined by 82.1%, moving from $31K to $6K. Total assets increased by 746.2% over the same period, from $26K to $220K. Total functional expenses fell by 71%, from $16K to $5K. In its most recent filing year (2023), Willy Foundation Inc reported a surplus of $840, with revenue exceeding expenses. The organization holds $1 in liabilities against $220K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $220K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $5K | $220K | $1 | — | — |
| 2022 | $7K | $8K | $220K | $1 | — | View 990 |
| 2021 | $6K | $7K | $221K | $1 | — | — |
| 2020 | $7K | $6K | $222K | $1 | — | View 990 |
| 2019 | $45K | $23K | $221K | $1 | — | View 990 |
| 2015 | $56K | $25K | $113K | $1 | — | View 990 |
| 2014 | $33K | $19K | $81K | $0 | — | View 990 |
| 2013 | $50K | $30K | $66K | $0 | — | View 990 |
| 2012 | $29K | $9K | $46K | $0 | — | View 990 |
| 2011 | $31K | $16K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $5K, and assets of $220K (revenue -18.4% year-over-year).
- 2022: Revenue of $7K, expenses of $8K, and assets of $220K (revenue +12.4% year-over-year).
- 2021: Revenue of $6K, expenses of $7K, and assets of $221K (revenue -8.4% year-over-year).
- 2020: Revenue of $7K, expenses of $6K, and assets of $222K (revenue -85.3% year-over-year).
- 2019: Revenue of $45K, expenses of $23K, and assets of $221K (revenue -20.1% year-over-year).
- 2015: Revenue of $56K, expenses of $25K, and assets of $113K (revenue +69.0% year-over-year).
- 2014: Revenue of $33K, expenses of $19K, and assets of $81K (revenue -32.7% year-over-year).
- 2013: Revenue of $50K, expenses of $30K, and assets of $66K (revenue +72.2% year-over-year).
- 2012: Revenue of $29K, expenses of $9K, and assets of $46K (revenue -7.7% year-over-year).
- 2011: Revenue of $31K, expenses of $16K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Willy Foundation Inc:
Data Sources and Methodology
This transparency report for Willy 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.