Wamj Foundation

Nonprofit profile at a glance

EIN
825362429
IRS 990-PF coverage
2019–2024
Forms available
Form 990-PF 2024
Location
Lewes, DE, USA
Phone
3029569300
Rating
92
Verdict
STRONG
Rating confidence
Standard
Sector
International Relief

Reported finances

Revenue
$42,283
Expenses
$92,615

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

International Relief

What it reported funding in 2024

The foundation reported 2 grants totaling $91,550. The stated grant purposes included vietnam ninh thuan - cataract surgery machine to provide the entire cost of a phacoemulsion machine used for cataract surgery provided at no charge to poor recipients at ninh thuan hospital khanh hoa province, vietnam by volunteer doctors and nurses enabling recipients to regain sight. it is expected that this equipment will be used by apba to provide cataract surgery at no cost to a total of approximately 1,500 patients over the ten year expected life of the machine. in addition local doctors are projected to provide cataract surgery at no cost to an additional 10,000 patients both insured and uninsured over the ten year period. half of the $63,100 grant is being paid this fiscal year; other half is to be paid next fiscal year. and vietnam bac kan - cataract surgery machine to provide most of the cost of a phacoemulsion machine used for cataract surgery provided at no charge to poor recipients at dak lak hospital in dak lak vietnam by volunteer doctors and nurses enabling recipients to regain sight. location was changed from bac kan hospital in original proposal. it is expected that this equipment will be used by apba to provide cataract surgery at no cost to a total of at least one thousand patients over the ten year expected life of the machine. in addition the hospital itself is projected to provide cataract surgery at no cost to an additional 9,600 patients both insured and uninsured over the ten year period..

Operating model

Revenue model
Donor-supported. 97% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 99% of its reported charitable disbursements as grants.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 99
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 30

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 78th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 98.9%; rating input score 99; 87th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Fail
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 0.15; rating input score 30; 30th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 30th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Endowment Health: Endowment-health comparison scored 30/100.
  • Review — Compliance: Part VII-B activity disclosures: Grants to organizations not reported.