Winterkids Education Foundation

Is Winterkids Education Foundation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Winterkids Education Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Winterkids Education Foundation

Winterkids Education Foundation (EIN: 10535175) is a nonprofit organization based in Westbrook, ME, classified under NTEE code N68. The organization reported total revenue of $1.2M and total assets of $861K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Winterkids Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Winterkids Education Foundation with a Mission Score of 90 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Winterkids Education Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with over $1 million in annual revenue and suggests either a volunteer leadership model or compensation structured in a way not reported as officer compensation on the 990.

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 Winterkids Education Foundation's IRS 990 filings:

• Expenses slightly exceeded revenue in the 2024 period ($1,261,105 vs. $1,192,244), leading to a minor deficit for the year.

Strengths

The following positive indicators were identified for Winterkids Education Foundation:

• Consistent and significant revenue growth over the past decade, from $277,854 in 2015 to $1,192,244 in 2024.
• Strong financial stability with a high asset-to-liability ratio ($861,155 assets vs. $25,927 liabilities in 2024).
• Zero reported officer compensation across all filings, indicating a strong commitment to program spending and efficient use of funds.
• Positive net assets and reserves built over time, demonstrating long-term sustainability.
• Low liabilities relative to assets, suggesting minimal financial risk.

Frequently Asked Questions about Winterkids Education Foundation

Filing History

IRS 990 filing history for Winterkids Education Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Winterkids Education Foundation's revenue has grown by 247.5%, moving from $343K to $1.2M. Total assets increased by 125.9% over the same period, from $381K to $861K. Total functional expenses rose by 285.2%, from $327K to $1.3M. In its most recent filing year (2024), Winterkids Education Foundation reported a deficit of $69K, with expenses exceeding revenue. The organization holds $26K in liabilities against $861K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $835K.

Year-by-Year Financial Summary

• 2024: Revenue of $1.2M, expenses of $1.3M, and assets of $861K (revenue -0.1% year-over-year).
• 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $911K (revenue +13.2% year-over-year).
• 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $809K (revenue +8.9% year-over-year).
• 2021: Revenue of $968K, expenses of $750K, and assets of $861K (revenue +23.0% year-over-year).
• 2020: Revenue of $788K, expenses of $641K, and assets of $705K (revenue +32.9% year-over-year).
• 2019: Revenue of $593K, expenses of $588K, and assets of $517K (revenue +11.8% year-over-year).
• 2018: Revenue of $530K, expenses of $426K, and assets of $490K (revenue +17.4% year-over-year).
• 2017: Revenue of $452K, expenses of $366K, and assets of $393K (revenue +3.9% year-over-year).
• 2016: Revenue of $435K, expenses of $335K, and assets of $317K (revenue +56.5% year-over-year).
• 2015: Revenue of $278K, expenses of $355K, and assets of $232K (revenue -5.2% year-over-year).
• 2014: Revenue of $293K, expenses of $310K, and assets of $279K (revenue +5.3% year-over-year).
• 2013: Revenue of $278K, expenses of $360K, and assets of $319K (revenue -18.8% year-over-year).
• 2012: Revenue of $343K, expenses of $327K, and assets of $381K.

Data Sources and Methodology

This transparency report for Winterkids Education 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.