Wsdc Foundation
Wsdc Foundation shows strong financial growth and asset accumulation with zero reported officer compensation.
EIN: 205444923 · Minneapolis, MN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.0M |
| Total Expenses | $4.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $47.5M |
| Transparency Score | 85/100 |
Is Wsdc Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wsdc Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wsdc Foundation
Wsdc Foundation (EIN: 205444923) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code T22. The organization reported total revenue of $12.0M and total assets of $55.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wsdc Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wsdc Foundation is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.9M |
| Total Expenses | $4.4M |
| Surplus / Deficit | +$5.5M |
| Total Assets | $47.5M |
| Total Liabilities | $1 |
| Net Assets | $47.5M |
| Operating Margin | 55.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 129.7 months |
Financial Health Grade: A
In 2023, Wsdc Foundation reported a surplus of $5.5M with revenue exceeding expenses, holds 129.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wsdc Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.7% | +49.6% | +13.2% |
| 2022 | -7.2% | -3.2% | +15.6% |
| 2021 | +15.5% | +19.4% | +20.7% |
| 2020 | -8.4% | +48.0% | +22.2% |
| 2019 | +306.8% | -0.6% | +1118.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Wsdc Foundation 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Wsdc Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $5.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with nearly $10 million in annual revenue and over $47 million in assets.
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 Wsdc Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Unusually low liabilities ($0-$1) for an organization of this size, which could indicate a specific financial structure or reporting method that warrants further investigation.
Strengths
The following positive indicators were identified for Wsdc Foundation:
- Strong and consistent revenue growth, from $2.0M in 2011 to $9.9M in 2023.
- Significant asset accumulation, growing from $671K in 2011 to $47.5M in 2023, indicating robust financial health.
- Extremely low liabilities across all reported periods, demonstrating excellent financial management and minimal debt.
- 0% reported officer compensation, suggesting a highly efficient or volunteer-driven leadership structure.
- Expenses consistently well below revenue, allowing for substantial reinvestment or asset building.
Frequently Asked Questions about Wsdc Foundation
Is Wsdc Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wsdc Foundation (EIN: 205444923) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Wsdc Foundation spend its money?
Wsdc Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wsdc Foundation tax-deductible?
Wsdc Foundation is registered as a tax-exempt nonprofit (EIN: 205444923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wsdc Foundation CEO make?
Wsdc Foundation's highest-compensated officer earns $10 annually. The organization reported $12.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wsdc Foundation's spending goes to programs?
Wsdc Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wsdc Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wsdc Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wsdc Foundation located?
Wsdc Foundation is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 205444923. It is classified under NTEE code T22.
How many years of IRS 990 filings does Wsdc Foundation have?
Wsdc Foundation has 10 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 $12.0M in total revenue.
How does Wsdc Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership may be entirely volunteer-based, compensated through a related entity, or that the organization's structure allows for operations without direct compensation to its officers as defined by the IRS 990.
What is the specific allocation of expenses between program services, administration, and fundraising?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information would be crucial for a more precise assessment of spending efficiency.
What is the purpose of the significant asset accumulation, and how does it relate to the organization's mission?
The substantial growth in assets from $671,102 in 2011 to $47,521,095 in 2023 suggests a focus on building an endowment or long-term investment strategy. Understanding how these assets directly support the mission would provide further insight.
Given the large revenue and asset base, what are the primary program activities and their impact?
While the financial data shows significant resources, the specific program activities and their measurable impact are not detailed in the provided IRS 990 summary. This information is essential to understand the organization's effectiveness in achieving its mission.
Filing History
IRS 990 filing history for Wsdc Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wsdc Foundation's revenue has grown by 397.1%, moving from $2.0M to $9.9M. Total assets increased by 6981.1% over the same period, from $671K to $47.5M. Total functional expenses rose by 131.5%, from $1.9M to $4.4M. In its most recent filing year (2023), Wsdc Foundation reported a surplus of $5.5M, with revenue exceeding expenses. The organization holds $1 in liabilities against $47.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $47.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.9M | $4.4M | $47.5M | $1 | — | View 990 |
| 2022 | $8.6M | $2.9M | $42.0M | $1 | — | View 990 |
| 2021 | $9.3M | $3.0M | $36.3M | $1 | — | View 990 |
| 2020 | $8.0M | $2.5M | $30.1M | $1 | — | View 990 |
| 2019 | $8.8M | $1.7M | $24.6M | $0 | — | View 990 |
| 2015 | $2.2M | $1.7M | $2.0M | $1 | — | View 990 |
| 2014 | $2.0M | $1.6M | $1.6M | $1 | — | View 990 |
| 2013 | $2.0M | $1.9M | $1.1M | $1 | — | View 990 |
| 2012 | $2.0M | $1.7M | $1.0M | $1 | — | View 990 |
| 2011 | $2.0M | $1.9M | $671K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.9M, expenses of $4.4M, and assets of $47.5M (revenue +15.7% year-over-year).
- 2022: Revenue of $8.6M, expenses of $2.9M, and assets of $42.0M (revenue -7.2% year-over-year).
- 2021: Revenue of $9.3M, expenses of $3.0M, and assets of $36.3M (revenue +15.5% year-over-year).
- 2020: Revenue of $8.0M, expenses of $2.5M, and assets of $30.1M (revenue -8.4% year-over-year).
- 2019: Revenue of $8.8M, expenses of $1.7M, and assets of $24.6M (revenue +306.8% year-over-year).
- 2015: Revenue of $2.2M, expenses of $1.7M, and assets of $2.0M (revenue +7.5% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.6M, and assets of $1.6M (revenue -0.7% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.9M, and assets of $1.1M (revenue -0.7% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.7M, and assets of $1.0M (revenue +1.4% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.9M, and assets of $671K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wsdc Foundation:
Data Sources and Methodology
This transparency report for Wsdc 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.