Wray Area Foundation Inc
EIN: 841345439 · Wray, CO · NTEE: Z99
Is Wray Area Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wray Area Foundation Inc
Wray Area Foundation Inc (EIN: 841345439) is a nonprofit organization based in Wray, CO, classified under NTEE code Z99. The organization reported total revenue of $115K and total assets of $332K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wray Area Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wray Area Foundation Inc is a small nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -5.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $170K |
| Total Expenses | $99K |
| Surplus / Deficit | +$71K |
| Total Assets | $326K |
| Total Liabilities | $41K |
| Net Assets | $285K |
| Operating Margin | 41.7% |
| Debt-to-Asset Ratio | 12.6% |
| Months of Reserves | 39.4 months |
Financial Health Grade: A
In 2024, Wray Area Foundation Inc reported a surplus of $71K with revenue exceeding expenses, holds 39.4 months of operating reserves (strong position), has a debt-to-asset ratio of 12.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Wray Area Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +165.4% | +42.2% | +27.8% |
| 2023 | -11.0% | +39.8% | -2.2% |
| 2022 | -33.5% | -49.7% | +9.3% |
| 2021 | +5.7% | +9.1% | +3.9% |
| 2020 | +100.7% | +60.7% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wray Area Foundation Inc 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 Wray Area Foundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $71K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.6%.
Frequently Asked Questions about Wray Area Foundation Inc
Is Wray Area Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wray Area Foundation Inc (EIN: 841345439) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wray Area Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Wray Area Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Wray Area Foundation Inc tax-deductible?
Wray Area Foundation Inc is registered as a tax-exempt nonprofit (EIN: 841345439). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Wray Area Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Wray Area Foundation Inc's revenue has declined by 54.3%, moving from $373K to $170K. Total assets increased by 5% over the same period, from $311K to $326K. Total functional expenses fell by 64.4%, from $280K to $99K. In its most recent filing year (2024), Wray Area Foundation Inc reported a surplus of $71K, with revenue exceeding expenses. The organization holds $41K in liabilities against $326K in assets (debt-to-asset ratio: 12.6%), resulting in net assets of $285K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $170K | $99K | $326K | $41K | — | — |
| 2023 | $64K | $70K | $255K | $41K | — | View 990 |
| 2022 | $72K | $50K | $261K | $41K | — | — |
| 2021 | $109K | $100K | $239K | $41K | — | — |
| 2020 | $103K | $91K | $230K | $41K | — | View 990 |
| 2019 | $51K | $57K | $218K | $41K | — | View 990 |
| 2018 | $71K | $67K | $224K | $41K | — | View 990 |
| 2017 | $65K | $77K | $220K | $41K | — | View 990 |
| 2016 | $94K | $88K | $232K | $41K | — | View 990 |
| 2015 | $103K | $75K | $226K | $41K | — | View 990 |
| 2014 | $218K | $269K | $199K | $41K | — | View 990 |
| 2013 | $240K | $216K | $291K | $82K | — | View 990 |
| 2012 | $156K | $241K | $226K | $41K | — | View 990 |
| 2011 | $373K | $280K | $311K | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $170K, expenses of $99K, and assets of $326K (revenue +165.4% year-over-year).
- 2023: Revenue of $64K, expenses of $70K, and assets of $255K (revenue -11.0% year-over-year).
- 2022: Revenue of $72K, expenses of $50K, and assets of $261K (revenue -33.5% year-over-year).
- 2021: Revenue of $109K, expenses of $100K, and assets of $239K (revenue +5.7% year-over-year).
- 2020: Revenue of $103K, expenses of $91K, and assets of $230K (revenue +100.7% year-over-year).
- 2019: Revenue of $51K, expenses of $57K, and assets of $218K (revenue -28.0% year-over-year).
- 2018: Revenue of $71K, expenses of $67K, and assets of $224K (revenue +9.7% year-over-year).
- 2017: Revenue of $65K, expenses of $77K, and assets of $220K (revenue -31.0% year-over-year).
- 2016: Revenue of $94K, expenses of $88K, and assets of $232K (revenue -8.4% year-over-year).
- 2015: Revenue of $103K, expenses of $75K, and assets of $226K (revenue -53.0% year-over-year).
- 2014: Revenue of $218K, expenses of $269K, and assets of $199K (revenue -8.9% year-over-year).
- 2013: Revenue of $240K, expenses of $216K, and assets of $291K (revenue +53.4% year-over-year).
- 2012: Revenue of $156K, expenses of $241K, and assets of $226K (revenue -58.1% year-over-year).
- 2011: Revenue of $373K, expenses of $280K, and assets of $311K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wray Area Foundation Inc:
Data Sources and Methodology
This transparency report for Wray Area Foundation 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.