Is Adam J Weissman Foundation Legit? —…

Spending Breakdown

How Adam J Weissman Foundation allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Adam J Weissman Foundation

Is Adam J Weissman Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Adam J Weissman Foundation (EIN: 202624778) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Adam J Weissman Foundation a good charity to donate to?

Adam J Weissman Foundation has a Mission Score of 90/100. Revenue: $3.0M. Assets: $12.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Adam J Weissman Foundation?

The Employer Identification Number (EIN) for Adam J Weissman Foundation is 202624778. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Adam J Weissman Foundation spend its money?

Adam J Weissman Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Adam J Weissman Foundation's tax-exempt status?

You can verify Adam J Weissman Foundation's tax-exempt status using EIN 202624778 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Adam J Weissman Foundation appears to be a well-managed organization with a strong financial position, consistently maintaining over $10 million in assets. The foundation's revenue has fluctuated over the years, with a notable high of $2,338,228 in 2012 and a more recent dip to $417,705 in 2023. Despite these fluctuations, the organization has consistently kept its liabilities at a minimal level, often reported as $1, indicating sound financial stewardship and low debt risk. The absence of reported officer compensation across all available filings suggests a volunteer-driven leadership or that compensation is covered by other means not disclosed in this section, which can be a positive indicator of efficiency.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent low liabilities and substantial asset base suggest that the organization is not overspending or facing liquidity issues. The foundation's ability to maintain and grow its asset base, from $8,266,733 in 2011 to $11,678,086 in 2023, demonstrates long-term financial stability. The foundation's transparency is generally good, with 10 filings available, providing a comprehensive historical view of its financial activities.

While the foundation's overall financial health is robust, the recent trend of expenses exceeding revenue, such as in 2023 where expenses were $1,036,941 against revenue of $417,705, warrants attention. This could indicate strategic spending from reserves or a temporary operational shift. However, without a detailed functional expense breakdown, it's challenging to determine the exact allocation of these expenses. The consistent zero officer compensation is a strong positive for transparency and efficiency.

Is Adam J Weissman Foundation Legit?

Verdict: Adam J Weissman Foundation appears trustworthy

Red Flags

Strengths