Wounded Warrior Project Inc
Wounded Warrior Project maintains strong assets despite recent expense exceeding revenue.
EIN: 202370934 · Jacksonville, FL · NTEE: P60 · Updated: 2026-03-28
Is Wounded Warrior Project Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wounded Warrior Project Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wounded Warrior Project Inc
Wounded Warrior Project Inc (EIN: 202370934) is a nonprofit organization based in Jacksonville, FL, classified under NTEE code P60. The organization reported total revenue of $470.0M and total assets of $526.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wounded Warrior Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wounded Warrior Project Inc is a major nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $348.7M |
| Total Expenses | $369.5M |
| Surplus / Deficit | $-20,831,197 |
| Total Assets | $448.2M |
| Total Liabilities | $58.6M |
| Net Assets | $389.6M |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 14.6 months |
Financial Health Grade: B
In 2023, Wounded Warrior Project Inc reported a deficit of $20.8M with expenses exceeding revenue, holds 14.6 months of operating reserves (strong position), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wounded Warrior Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.3% | +7.4% | -0.3% |
| 2022 | +18.6% | +16.5% | -0.3% |
| 2021 | +18.0% | +6.8% | +16.1% |
| 2020 | +1.7% | -2.2% | +6.1% |
| 2019 | +7.1% | +3.1% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Wounded Warrior Project Inc with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Wounded Warrior Project Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $20.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.1%.
Executive Compensation Analysis
The provided data consistently shows 'Officer Comp=0%' across all filing periods, which is highly unusual for an organization of this size and revenue. This suggests that executive compensation may be categorized under different expense lines or reported in a manner not captured by this summary, requiring a deeper dive into the full 990 forms for accurate analysis.
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 Wounded Warrior Project Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202309), indicating a potential deficit for that period.
- Consistent 'Officer Comp=0%' in summary data is highly unusual and warrants further investigation into executive compensation reporting.
Strengths
The following positive indicators were identified for Wounded Warrior Project Inc:
- Strong and growing asset base, reaching $448,172,517 in 202309.
- Consistent filing of IRS 990s over 13 periods, demonstrating transparency.
- Significant revenue generation, with latest reported revenue at $348,665,254.
- History of substantial financial operations, indicating a well-established organization.
Frequently Asked Questions about Wounded Warrior Project Inc
Is Wounded Warrior Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wounded Warrior Project Inc (EIN: 202370934) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Wounded Warrior Project Inc spend its money?
Wounded Warrior Project Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wounded Warrior Project Inc tax-deductible?
Wounded Warrior Project Inc is registered as a tax-exempt nonprofit (EIN: 202370934). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Wounded Warrior Project Inc. financially stable?
Yes, Wounded Warrior Project Inc. appears financially stable, with assets of $448,172,517 in the 202309 period and a history of significant asset growth, despite expenses ($369,496,451) exceeding revenue ($348,665,254) in the most recent filing.
How has Wounded Warrior Project Inc.'s revenue trended over time?
Wounded Warrior Project Inc.'s revenue has shown significant fluctuations but an overall upward trend, growing from $342,066,114 in 201409 to a peak of $402,156,091 in 202209, before decreasing to $348,665,254 in 202309.
What is the organization's asset growth like?
The organization has demonstrated strong asset growth, increasing from $269,680,308 in 201409 to $448,172,517 in 202309, indicating a healthy accumulation of resources.
Is the 'Officer Comp=0%' accurate for executive compensation?
The consistent 'Officer Comp=0%' in the summary data is highly unusual for an organization of this scale and suggests that executive compensation is likely reported under different expense categories or requires examination of the full IRS 990 forms for accurate details.
Filing History
IRS 990 filing history for Wounded Warrior Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wounded Warrior Project Inc's revenue has grown by 370.8%, moving from $74.1M to $348.7M. Total assets increased by 1131.5% over the same period, from $36.4M to $448.2M. Total functional expenses rose by 539.7%, from $57.8M to $369.5M. In its most recent filing year (2023), Wounded Warrior Project Inc reported a deficit of $20.8M, with expenses exceeding revenue. The organization holds $58.6M in liabilities against $448.2M in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $389.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $348.7M | $369.5M | $448.2M | $58.6M | — | View 990 |
| 2022 | $402.2M | $344.1M | $449.7M | $67.1M | — | View 990 |
| 2021 | $339.0M | $295.3M | $450.9M | $60.9M | — | View 990 |
| 2020 | $287.4M | $276.4M | $388.4M | $62.0M | — | View 990 |
| 2019 | $282.5M | $282.6M | $366.2M | $57.4M | — | View 990 |
| 2018 | $263.8M | $274.0M | $344.6M | $39.4M | — | View 990 |
| 2017 | $226.8M | $231.8M | $347.5M | $30.4M | — | View 990 |
| 2016 | $321.8M | $302.2M | $337.6M | $23.4M | — | View 990 |
| 2015 | $398.7M | $351.7M | $311.0M | $28.9M | — | View 990 |
| 2014 | $342.1M | $248.0M | $269.7M | $21.4M | — | View 990 |
| 2013 | $234.7M | $158.1M | $182.8M | $16.4M | — | View 990 |
| 2012 | $155.0M | $95.5M | $101.4M | $11.2M | — | View 990 |
| 2011 | $74.1M | $57.8M | $36.4M | $6.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $348.7M, expenses of $369.5M, and assets of $448.2M (revenue -13.3% year-over-year).
- 2022: Revenue of $402.2M, expenses of $344.1M, and assets of $449.7M (revenue +18.6% year-over-year).
- 2021: Revenue of $339.0M, expenses of $295.3M, and assets of $450.9M (revenue +18.0% year-over-year).
- 2020: Revenue of $287.4M, expenses of $276.4M, and assets of $388.4M (revenue +1.7% year-over-year).
- 2019: Revenue of $282.5M, expenses of $282.6M, and assets of $366.2M (revenue +7.1% year-over-year).
- 2018: Revenue of $263.8M, expenses of $274.0M, and assets of $344.6M (revenue +16.3% year-over-year).
- 2017: Revenue of $226.8M, expenses of $231.8M, and assets of $347.5M (revenue -29.5% year-over-year).
- 2016: Revenue of $321.8M, expenses of $302.2M, and assets of $337.6M (revenue -19.3% year-over-year).
- 2015: Revenue of $398.7M, expenses of $351.7M, and assets of $311.0M (revenue +16.6% year-over-year).
- 2014: Revenue of $342.1M, expenses of $248.0M, and assets of $269.7M (revenue +45.8% year-over-year).
- 2013: Revenue of $234.7M, expenses of $158.1M, and assets of $182.8M (revenue +51.4% year-over-year).
- 2012: Revenue of $155.0M, expenses of $95.5M, and assets of $101.4M (revenue +109.2% year-over-year).
- 2011: Revenue of $74.1M, expenses of $57.8M, and assets of $36.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wounded Warrior Project Inc:
Data Sources and Methodology
This transparency report for Wounded Warrior Project 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.