Will Is Way Children Foundation

Nonprofit profile at a glance

EIN: 800948525
IRS 990-EZ coverage: 2016–2024
Forms available: Form 990-EZ 2024, Form 990-N 2015
Location: Carson, CA, USA
Phone: 5624818061
Rating: 41
Verdict: MIXED
Rating confidence: Moderate
Sector: Youth Development N.E.C.

Reported finances

Revenue: $20,930
Expenses: $20,930
Assets: $0
Liabilities: $0

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

Leadership & pay

1 person listed

Executive titles in this filing

THEO IWUAGWU (CEO)

People named in this filing

THEO IWUAGWU (CEO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Help under privledge

What it reported doing in 2024

Helped 9 families with school supplies

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

Financial Efficiency: 11
Transparency & Controls: 82
Sustainability: 23
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 10.5%; rating input score 11
Program expense ratio: 10.5%; rating input score 11

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: 0%; rating input score 45; 45th percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 19.1%; rating input score 8; 8th percentile among comparable filings

Growth

Program expense growth: 5.9% per year; rating input score 100; 64th percentile among comparable filings
Revenue growth: -3.1% per year; rating input score 0; 40th percentile among comparable filings
Asset growth: -2.9% per year; rating input score 0; 29th percentile among comparable filings

Details

Where the money goes: 10.5% of revenue deployed · 10.5% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $2K in reported program spending
Leadership: top reported pay $0 · 1 people listed
Consistency: 9 of 9 current checks pass
Schedules: 1 filed schedules
Filing history: 9 filing years from 2016 to 2024
Contacts: How to reach this organization
Money network: 1 filed money-flow record
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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

High — Financial Efficiency: Mission deployment rate scored 11/100.
High — Financial Efficiency: Program expense ratio scored 11/100.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 2/100.
Moderate — Sustainability: Operating margin scored 45/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Officer compensation ratio scored 8/100.
Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.