Wispact Inc
Wispact Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 20704244 · Madison, WI · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.8M |
| Total Expenses | $8.3M |
| Program Spending | 85% |
| Net Assets | $19.9M |
| Transparency Score | 90/100 |
Is Wispact Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wispact Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wispact Inc
Wispact Inc (EIN: 20704244) is a nonprofit organization based in Madison, WI, classified under NTEE code P80. The organization reported total revenue of $19.8M and total assets of $26.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wispact Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wispact Inc is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.1M |
| Total Expenses | $8.3M |
| Surplus / Deficit | +$823K |
| Total Assets | $20.5M |
| Total Liabilities | $621K |
| Net Assets | $19.9M |
| Operating Margin | 9.0% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 29.8 months |
Financial Health Grade: A
In 2023, Wispact Inc reported a surplus of $823K with revenue exceeding expenses, holds 29.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wispact Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.9% | +3.0% | +11.5% |
| 2022 | -12.3% | +23.1% | -12.6% |
| 2021 | +5.5% | +16.3% | +10.8% |
| 2020 | +16.6% | +8.8% | +19.3% |
| 2019 | -17.8% | +24.1% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Wispact Inc 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, Wispact Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $823K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
The provided data consistently shows 0% officer compensation across all filings, suggesting either a volunteer leadership model or that executive compensation is reported under different expense categories not detailed here. This indicates a high degree of transparency regarding this specific compensation line.
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 Wispact Inc's IRS 990 filings:
- Lack of detailed expense breakdown to verify program vs. administrative spending ratios
- Unclear how executive compensation is handled if not reported as 'officer comp'
Strengths
The following positive indicators were identified for Wispact Inc:
- Consistent revenue growth over the past decade, from $4.2M in 2014 to $9.1M in 2023.
- Significant asset accumulation, growing from $4.7M in 2014 to $20.5M in 2023, indicating strong financial health.
- Positive net income in most years, demonstrating financial sustainability.
- Low liabilities relative to assets, indicating a strong balance sheet (e.g., $621,126 liabilities vs. $20,535,619 assets in 2023).
- No reported officer compensation, suggesting either volunteer leadership or highly efficient compensation practices.
Frequently Asked Questions about Wispact Inc
Is Wispact Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wispact Inc (EIN: 20704244) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Wispact Inc spend its money?
Wispact Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wispact Inc tax-deductible?
Wispact Inc is registered as a tax-exempt nonprofit (EIN: 20704244). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wispact Inc's spending goes to programs?
Wispact Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wispact Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Wispact Inc is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wispact Inc located?
Wispact Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 20704244. It is classified under NTEE code P80.
How many years of IRS 990 filings does Wispact Inc have?
Wispact Inc has 13 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 $19.8M in total revenue.
How does Wispact Inc manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation suggests either a volunteer-led executive team or that executive compensation is categorized under other expense lines, such as 'salaries and wages' for non-officer staff, or as a contractor expense, rather than directly as officer compensation. Further investigation into detailed expense breakdowns would be needed to clarify.
What is the primary driver of Wispact Inc's significant asset growth?
Wispact Inc's asset growth from $4,790,546 in 2014 to $20,535,619 in 2023 is primarily driven by consistent positive net income (revenue exceeding expenses) in most fiscal periods, allowing for the accumulation of reserves and investments.
What are the main program areas supported by Wispact Inc, given its NTEE code P80?
Given the NTEE code P80 (Human Services - Multipurpose and Other), Wispact Inc likely supports a broad range of human services programs. Without more detailed program expense breakdowns, specific areas cannot be identified, but it generally indicates services aimed at improving the well-being of individuals and families.
Filing History
IRS 990 filing history for Wispact Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wispact Inc's revenue has grown by 803.1%, moving from $1.0M to $9.1M. Total assets increased by 1656.6% over the same period, from $1.2M to $20.5M. Total functional expenses rose by 1366.6%, from $565K to $8.3M. In its most recent filing year (2023), Wispact Inc reported a surplus of $823K, with revenue exceeding expenses. The organization holds $621K in liabilities against $20.5M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $19.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.1M | $8.3M | $20.5M | $621K | — | — |
| 2022 | $7.1M | $8.0M | $18.4M | $685K | — | — |
| 2021 | $8.1M | $6.5M | $21.1M | $321K | — | View 990 |
| 2020 | $7.7M | $5.6M | $19.0M | $266K | — | — |
| 2019 | $6.6M | $5.2M | $15.9M | $206K | — | View 990 |
| 2018 | $8.0M | $4.2M | $14.0M | $175K | — | View 990 |
| 2017 | $4.7M | $2.6M | $11.8M | $109K | — | View 990 |
| 2016 | $4.3M | $3.0M | $8.7M | $94K | — | View 990 |
| 2015 | $4.2M | $1.8M | $7.1M | $124K | — | View 990 |
| 2014 | $4.3M | $1.8M | $4.8M | $65K | — | View 990 |
| 2013 | $2.0M | $1.4M | $2.3M | $50K | — | View 990 |
| 2012 | $1.2M | $893K | $1.6M | $28K | — | View 990 |
| 2011 | $1.0M | $565K | $1.2M | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.1M, expenses of $8.3M, and assets of $20.5M (revenue +27.9% year-over-year).
- 2022: Revenue of $7.1M, expenses of $8.0M, and assets of $18.4M (revenue -12.3% year-over-year).
- 2021: Revenue of $8.1M, expenses of $6.5M, and assets of $21.1M (revenue +5.5% year-over-year).
- 2020: Revenue of $7.7M, expenses of $5.6M, and assets of $19.0M (revenue +16.6% year-over-year).
- 2019: Revenue of $6.6M, expenses of $5.2M, and assets of $15.9M (revenue -17.8% year-over-year).
- 2018: Revenue of $8.0M, expenses of $4.2M, and assets of $14.0M (revenue +69.6% year-over-year).
- 2017: Revenue of $4.7M, expenses of $2.6M, and assets of $11.8M (revenue +10.8% year-over-year).
- 2016: Revenue of $4.3M, expenses of $3.0M, and assets of $8.7M (revenue +1.5% year-over-year).
- 2015: Revenue of $4.2M, expenses of $1.8M, and assets of $7.1M (revenue -1.7% year-over-year).
- 2014: Revenue of $4.3M, expenses of $1.8M, and assets of $4.8M (revenue +110.2% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.4M, and assets of $2.3M (revenue +66.3% year-over-year).
- 2012: Revenue of $1.2M, expenses of $893K, and assets of $1.6M (revenue +21.5% year-over-year).
- 2011: Revenue of $1.0M, expenses of $565K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wispact Inc:
Data Sources and Methodology
This transparency report for Wispact 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.