Wishing Chair Foundation
EIN: 830964397 · Washington, DC · NTEE: B12
| Metric | Value |
|---|---|
| Total Revenue | $23K |
| Total Expenses | $2K |
| Net Assets | $10K |
Is Wishing Chair Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wishing Chair Foundation
Wishing Chair Foundation (EIN: 830964397) is a nonprofit organization based in Washington, DC, classified under NTEE code B12. The organization reported total revenue of $23K and total assets of $18K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wishing Chair Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wishing Chair Foundation is a micro nonprofit that has been operating for 8 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 297.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $2K |
| Surplus / Deficit | +$6K |
| Total Assets | $10K |
| Total Liabilities | $1 |
| Net Assets | $10K |
| Operating Margin | 70.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 50.8 months |
Financial Health Grade: A
In 2023, Wishing Chair Foundation reported a surplus of $6K with revenue exceeding expenses, holds 50.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Wishing Chair Foundation's revenue has grown at a compound annual growth rate (CAGR) of 297.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1222.1% | +544.4% | +130.3% |
| 2022 | +19.2% | -71.4% | +5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wishing Chair 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 Wishing Chair 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 surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Wishing Chair Foundation
Is Wishing Chair Foundation a legitimate charity?
Wishing Chair Foundation (EIN: 830964397) is a registered tax-exempt nonprofit based in Washington DC. It has 3 years of IRS 990 filings on record. Total revenue: $23K. No red flags identified. Financial health grade: A.
How does Wishing Chair Foundation spend its money?
Wishing Chair Foundation reported $23K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wishing Chair Foundation tax-deductible?
Wishing Chair Foundation is registered as a tax-exempt nonprofit (EIN: 830964397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wishing Chair Foundation located?
Wishing Chair Foundation is headquartered in Washington, Washington DC and files with the IRS under EIN 830964397. It is classified under NTEE code B12.
How many years of IRS 990 filings does Wishing Chair Foundation have?
Wishing Chair Foundation has 3 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 $23K in total revenue.
Filing History
IRS 990 filing history for Wishing Chair Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Wishing Chair Foundation's revenue has grown by 1476%, moving from $500 to $8K. Total assets increased by 143.8% over the same period, from $4K to $10K. Total functional expenses rose by 84.1%, from $1K to $2K. In its most recent filing year (2023), Wishing Chair Foundation reported a surplus of $6K, with revenue exceeding expenses. The organization holds $1 in liabilities against $10K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $2K | $10K | $1 | — | — |
| 2022 | $596 | $360 | $4K | $1 | — | — |
| 2021 | $500 | $1K | $4K | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $2K, and assets of $10K (revenue +1222.1% year-over-year).
- 2022: Revenue of $596, expenses of $360, and assets of $4K (revenue +19.2% year-over-year).
- 2021: Revenue of $500, expenses of $1K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wishing Chair Foundation:
Data Sources and Methodology
This transparency report for Wishing Chair 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.