Wilma Faye Foundation
EIN: 920409753 · Monroe, UT · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $114K |
| Net Assets | $300K |
Is Wilma Faye Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wilma Faye Foundation
Wilma Faye Foundation (EIN: 920409753) is a nonprofit organization based in Monroe, UT, classified under NTEE code T22. The organization reported total revenue of $114K and total assets of $300K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilma Faye Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilma Faye Foundation is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -62.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $114K |
| Total Expenses | $114K |
| Surplus / Deficit | $-318 |
| Total Assets | $300K |
| Total Liabilities | $1 |
| Net Assets | $300K |
| Operating Margin | -0.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 31.5 months |
Financial Health Grade: B
In 2023, Wilma Faye Foundation reported a deficit of $318 with expenses exceeding revenue, holds 31.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Wilma Faye Foundation's revenue has declined at a compound annual growth rate (CAGR) of -62.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.1% | +11399700.0% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wilma Faye 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 Wilma Faye 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $318, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Wilma Faye Foundation
Is Wilma Faye Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wilma Faye Foundation (EIN: 920409753) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wilma Faye Foundation spend its money?
Detailed spending breakdown data is not yet available for Wilma Faye Foundation. Check back for updated IRS 990 analysis.
Are donations to Wilma Faye Foundation tax-deductible?
Wilma Faye Foundation is registered as a tax-exempt nonprofit (EIN: 920409753). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wilma Faye Foundation located?
Wilma Faye Foundation is headquartered in Monroe, Utah and files with the IRS under EIN 920409753. It is classified under NTEE code T22.
How many years of IRS 990 filings does Wilma Faye Foundation have?
Wilma Faye Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $114K in total revenue.
Filing History
IRS 990 filing history for Wilma Faye Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Wilma Faye Foundation's revenue has declined by 62.1%, moving from $300K to $114K. Total assets decreased by 0.1% over the same period, from $300K to $300K. Total functional expenses rose by 11399700%, from $1 to $114K. In its most recent filing year (2023), Wilma Faye Foundation reported a deficit of $318, with expenses exceeding revenue. The organization holds $1 in liabilities against $300K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $300K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $114K | $114K | $300K | $1 | — | — |
| 2022 | $300K | $1 | $300K | $1 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wilma Faye Foundation:
Data Sources and Methodology
This transparency report for Wilma Faye 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.