Wyatt Family Scholarship Fundirrevocable Trust
Wyatt Family Scholarship Fund consistently disburses more than annual revenue, maintaining stable assets with no liabilities.
EIN: 207200575 · Enid, OK · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $119K |
| Total Expenses | $13K |
| Program Spending | 85% |
| Net Assets | $232K |
| Transparency Score | 85/100 |
Is Wyatt Family Scholarship Fundirrevocable Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wyatt Family Scholarship Fundirrevocable Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wyatt Family Scholarship Fundirrevocable Trust
Wyatt Family Scholarship Fundirrevocable Trust (EIN: 207200575) is a nonprofit organization based in Enid, OK, classified under NTEE code B82. The organization reported total revenue of $119K and total assets of $241K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wyatt Family Scholarship Fundirrevocable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wyatt Family Scholarship Fundirrevocable Trust is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $13K |
| Surplus / Deficit | $-3,216 |
| Total Assets | $232K |
| Net Assets | $232K |
| Operating Margin | -34.0% |
| Months of Reserves | 219.6 months |
Financial Health Grade: B
In 2023, Wyatt Family Scholarship Fundirrevocable Trust reported a deficit of $3K with expenses exceeding revenue, holds 219.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Wyatt Family Scholarship Fundirrevocable Trust's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +89.7% | +9.8% | -1.4% |
| 2022 | -63.0% | +7.3% | -2.7% |
| 2021 | +54.9% | +4.4% | +1.1% |
| 2020 | -57.3% | -9.1% | -0.7% |
| 2019 | +111.1% | -3.4% | +3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Wyatt Family Scholarship Fundirrevocable Trust 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: 85%
- fundraising: 0%
According to IRS 990 filings, Wyatt Family Scholarship Fundirrevocable Trust allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 deficit of $3K, with expenses exceeding revenue.
Executive Compensation Analysis
There is no officer compensation reported in any of the available filings, indicating a volunteer-led or very lean administrative structure, which is highly efficient for an organization of this size.
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 Wyatt Family Scholarship Fundirrevocable Trust's IRS 990 filings:
- Consistent annual expenses exceeding reported revenue, indicating reliance on asset drawdowns or other income sources not detailed in these summaries.
Strengths
The following positive indicators were identified for Wyatt Family Scholarship Fundirrevocable Trust:
- No reported officer compensation, indicating high efficiency and volunteer leadership.
- Zero liabilities across all reported periods, demonstrating strong financial health and management.
- Stable asset base (around $230,000-$245,000) over a decade, suggesting prudent financial stewardship.
- Consistent IRS 990 filing history (13 filings), indicating strong transparency and compliance.
Frequently Asked Questions about Wyatt Family Scholarship Fundirrevocable Trust
Is Wyatt Family Scholarship Fundirrevocable Trust a legitimate charity?
Wyatt Family Scholarship Fundirrevocable Trust (EIN: 207200575) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $119K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Wyatt Family Scholarship Fundirrevocable Trust spend its money?
Wyatt Family Scholarship Fundirrevocable Trust directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Wyatt Family Scholarship Fundirrevocable Trust tax-deductible?
Wyatt Family Scholarship Fundirrevocable Trust is registered as a tax-exempt nonprofit (EIN: 207200575). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Wyatt Family Scholarship Fundirrevocable Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wyatt Family Scholarship Fundirrevocable Trust is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wyatt Family Scholarship Fundirrevocable Trust located?
Wyatt Family Scholarship Fundirrevocable Trust is headquartered in Enid, Oklahoma and files with the IRS under EIN 207200575. It is classified under NTEE code B82.
How many years of IRS 990 filings does Wyatt Family Scholarship Fundirrevocable Trust have?
Wyatt Family Scholarship Fundirrevocable Trust 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 $119K in total revenue.
Is the Wyatt Family Scholarship Fund a good charity?
Based on the available data, the Wyatt Family Scholarship Fund appears to be a good charity, particularly for its stated purpose. It maintains stable assets, has no liabilities, and reports no officer compensation, suggesting a high degree of efficiency and dedication to its mission of providing scholarships.
How does the organization cover its expenses when revenue is consistently lower?
The organization likely covers its expenses, which consistently exceed reported revenue (e.g., $9,472 revenue vs. $12,688 expenses in 2023), by drawing from its principal assets or through investment income that may not be categorized as 'revenue' in these summary figures. Its assets have remained stable, suggesting a sustainable model.
What is the primary use of the organization's funds?
Given its NTEE code (B82 - Scholarship & Student Aid) and the nature of a 'Scholarship Fund Irrevocable Trust,' the primary use of funds is almost certainly for program services, specifically providing scholarships to students. The consistent expenses, despite lower revenue, support this.
Filing History
IRS 990 filing history for Wyatt Family Scholarship Fundirrevocable Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wyatt Family Scholarship Fundirrevocable Trust's revenue has grown by 75.9%, moving from $5K to $9K. Total assets increased by 4.5% over the same period, from $222K to $232K. Total functional expenses rose by 14.5%, from $11K to $13K. In its most recent filing year (2023), Wyatt Family Scholarship Fundirrevocable Trust reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9K | $13K | $232K | $0 | — | View 990 |
| 2022 | $5K | $12K | $235K | $0 | — | — |
| 2021 | $13K | $11K | $242K | $0 | — | — |
| 2020 | $9K | $10K | $239K | $0 | — | View 990 |
| 2019 | $20K | $11K | $241K | $0 | — | View 990 |
| 2018 | $10K | $12K | $232K | $0 | — | View 990 |
| 2017 | $9K | $14K | $234K | $0 | — | View 990 |
| 2016 | $12K | $13K | $238K | $0 | — | View 990 |
| 2015 | $10K | $16K | $240K | $0 | — | View 990 |
| 2014 | $38K | $13K | $246K | $0 | — | View 990 |
| 2013 | $14K | $14K | $221K | $0 | — | View 990 |
| 2012 | $12K | $13K | $221K | $0 | — | View 990 |
| 2011 | $5K | $11K | $222K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9K, expenses of $13K, and assets of $232K (revenue +89.7% year-over-year).
- 2022: Revenue of $5K, expenses of $12K, and assets of $235K (revenue -63.0% year-over-year).
- 2021: Revenue of $13K, expenses of $11K, and assets of $242K (revenue +54.9% year-over-year).
- 2020: Revenue of $9K, expenses of $10K, and assets of $239K (revenue -57.3% year-over-year).
- 2019: Revenue of $20K, expenses of $11K, and assets of $241K (revenue +111.1% year-over-year).
- 2018: Revenue of $10K, expenses of $12K, and assets of $232K (revenue +5.1% year-over-year).
- 2017: Revenue of $9K, expenses of $14K, and assets of $234K (revenue -23.0% year-over-year).
- 2016: Revenue of $12K, expenses of $13K, and assets of $238K (revenue +16.0% year-over-year).
- 2015: Revenue of $10K, expenses of $16K, and assets of $240K (revenue -72.7% year-over-year).
- 2014: Revenue of $38K, expenses of $13K, and assets of $246K (revenue +167.1% year-over-year).
- 2013: Revenue of $14K, expenses of $14K, and assets of $221K (revenue +19.6% year-over-year).
- 2012: Revenue of $12K, expenses of $13K, and assets of $221K (revenue +119.4% year-over-year).
- 2011: Revenue of $5K, expenses of $11K, and assets of $222K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wyatt Family Scholarship Fundirrevocable Trust:
Data Sources and Methodology
This transparency report for Wyatt Family Scholarship Fundirrevocable Trust 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.