Is Harry And Jeanette Weinberg Village 1 Inc Legit?
Quick charity verification for Harry And Jeanette Weinberg Village 1 Inc (EIN: 10762192)
Verdict: Harry And Jeanette Weinberg Village 1 Inc shows mixed signals
60/100Mission Score
$873KRevenue
$4.7MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits, with expenses regularly exceeding revenue (e.g., $1,010,779 expenses vs. $875,307 revenue in 202306).
Liabilities consistently exceed assets (e.g., $6,313,810 liabilities vs. $4,771,494 assets in 202306), indicating a potentially high debt burden.
Gradual decline in total assets over the past decade (from $5,694,315 in 2014 to $4,771,494 in 2023).
Strengths
Consistent IRS 990 filing history over 13 periods, demonstrating regulatory compliance.
0% reported officer compensation across all filings, indicating efficient executive cost management or volunteer leadership.
Stable revenue generation over the past few years, hovering around $850k-$875k.
Spending Breakdown
How Harry And Jeanette Weinberg Village 1 Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Harry And Jeanette Weinberg Village 1 Inc
Is Harry And Jeanette Weinberg Village 1 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harry And Jeanette Weinberg Village 1 Inc (EIN: 10762192) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
Is Harry And Jeanette Weinberg Village 1 Inc a good charity to donate to?
Harry And Jeanette Weinberg Village 1 Inc has a Mission Score of 60/100. Revenue: $873K. Assets: $4.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harry And Jeanette Weinberg Village 1 Inc?
The Employer Identification Number (EIN) for Harry And Jeanette Weinberg Village 1 Inc is 10762192. 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 Harry And Jeanette Weinberg Village 1 Inc spend its money?
Harry And Jeanette Weinberg Village 1 Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harry And Jeanette Weinberg Village 1 Inc's tax-exempt status?
You can verify Harry And Jeanette Weinberg Village 1 Inc's tax-exempt status using EIN 10762192 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
Harry And Jeanette Weinberg Village 1 Inc demonstrates consistent financial operations, with revenues closely tracking expenses over the past decade. In the latest filing (202306), the organization reported revenues of $875,307 against expenses of $1,010,779, indicating a deficit for the period. This trend of expenses exceeding revenue is consistent across multiple years, suggesting reliance on existing assets or other funding sources to cover operational costs. The organization's assets have shown a gradual decline from $5,694,315 in 2014 to $4,771,494 in 2023, while liabilities have remained relatively stable, hovering around $6.2-$6.3 million. This consistent liability level, often exceeding assets, warrants closer examination to understand the nature of these obligations and their long-term sustainability.
Spending efficiency appears to be a concern, given the consistent operational deficits. Without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, it's challenging to precisely assess efficiency. However, the consistent gap between revenue and expenses suggests that the organization is spending more than it brings in annually. The absence of reported officer compensation indicates a potential volunteer-led or externally managed executive structure, which can be a positive for efficiency if other compensation costs are low.
Transparency regarding executive compensation is high, as 0% officer compensation is reported across all available filings. However, a complete picture of financial health would benefit from more detailed expense categories to fully understand where funds are being allocated. The consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory compliance and basic financial transparency.