Wagilabs
Nonprofit profile at a glance
- EIN
- 812914215
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025, Form 990-EZ 2022, Form 990-N 2015
- Location
- Charlottesville, VA, USA
- Phone
- 4342966138
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $56,724
- Expenses
- $79,367
- Assets
- $744,834
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- CHARLES THOMPSON (EXEC DIRECTO)
- MARY POWER (CFO / TREASU)
- MARY PORTER (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wagilabs exists to spark curiosity, compassion, and courage in kids everywhere-especially those in underserved communities. Wagilabs delivers engaging kidpreneurship programs that empower children to identify problems they care about, understand the people affected, develop and test creative solutions, and turn their best ideas for good into action.
What it reported doing in 2025
Fiscal year july 1, 2025 june 30, 2026 expanding our reach during the fiscal year, wagilabs delivered 2278 sessions reaching more than 5,278 students across india, malawi, and the republic of congo. Wagilabs also trained 212 teachers, extending the impact of its programs beyond individual sessions and helping local educators continue the work in their own classrooms and communities. India gujarat government schools: 50 schools, 1500 sessions, 4,500 students yei yippee schools in Ohio, USA: 23 schools, 8 sessions, 400+ students malawi: 3 classrooms, 12 sessions, 300+ students republic of congo: 43 sessions, 78 students creating new ways to learn during the year, wagilabs significantly expanded the ways children can experience and practice entrepreneurship. Wagivoyage guides kids through a voyage of discovering a problem through empathy, ideation, prototyping, feedback, pitching, and action. The new 256-page kidpreneur playbook provides educators with hands-on activities and challenges to help children learn entrepreneurship by doing rather than simply reading about it. New themed guppytank experiences give children a supportive alternative to traditional pitch competitions. Theres a superhero theme, a wild & wacky contraption theme and a healthy snack theme. Wagi: the musical brings entrepreneurship education to the stage through original music, storytelling, theater, movement, and performance. The wagi playlist extends that learning beyond individual programs through original songs about curiosity, compassion, courage, connection, creativity, and learning from failure. Wagilabs music is available through spotify, apple music, youtube music, and amazon music. Training, partnerships, and visibility wagilabs worked with educators, government agencies, educational organizations, and industry leaders to expand access to entrepreneurship and social-impact education. Training and presentations generated 6,500 in revenue to support wagilabs charitable mission. Wagilabs was also featured at: university of Virginia e-cup competition asu thunderbird social innovation conference from ideas to action across every wagilabs program, the philosophy is simple: children learn entrepreneurship by doing it. They notice problems. Ask questions. Care about people. Imagine possibilities. Build and test ideas. Learn from failure. Improve. Connect with others. And take action. Whether children encounter wagilabs through a classroom, wagivoyage, the kidpreneur playbook, a guppytank, a song, or a stage performance, the goal is the same: help young people discover that their ideas matter and give them the skills and confidence to turn ideas for good into action.
Operating model
- Revenue model
- Donor-supported. 88% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 87
- Accountability: 70
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 86.8%; rating input score 87
- Fundraising efficiency: $192.31 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 14th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 96.5%; rating input score 97; 59th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -39.9%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 9.38; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 50.5% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 14.4% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 23.9% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 86.8% of spending went to programs
- Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $69K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 28/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 58/100.