Quick charity verification for Irving Weinstein Foundation Inc (EIN: 136093068)
Verdict: Irving Weinstein Foundation Inc shows mixed signals
65/100Mission Score
$461KRevenue
$5.0MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue) across multiple years, e.g., $457,155 expenses vs. $147,486 revenue in 202303.
Declining asset base over time, from $6,818,326 in 201303 to $5,616,637 in 202303, indicating reliance on principal for operations.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting transparency into spending efficiency.
Strengths
Substantial asset base ($5,616,637 in 202303) provides financial stability despite operational deficits.
Extremely low liabilities (consistently $1) indicates a strong balance sheet with minimal debt.
0% officer compensation across all reported periods suggests a volunteer-driven or highly efficient leadership structure.
Spending Breakdown
How Irving Weinstein Foundation 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 Irving Weinstein Foundation Inc
Is Irving Weinstein Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Irving Weinstein Foundation Inc (EIN: 136093068) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Irving Weinstein Foundation Inc a good charity to donate to?
Irving Weinstein Foundation Inc has a Mission Score of 65/100. Revenue: $461K. Assets: $5.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Irving Weinstein Foundation Inc?
The Employer Identification Number (EIN) for Irving Weinstein Foundation Inc is 136093068. 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 Irving Weinstein Foundation Inc spend its money?
Irving Weinstein Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Irving Weinstein Foundation Inc's tax-exempt status?
You can verify Irving Weinstein Foundation Inc's tax-exempt status using EIN 136093068 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 Irving Weinstein Foundation Inc. demonstrates a consistent pattern of spending exceeding its revenue over the past several years, as evidenced by the 202303 filing showing $147,486 in revenue against $457,155 in expenses, and similar trends in prior periods. While the organization maintains substantial assets, reported at $5,616,637 in 202303, these assets have been steadily declining from a high of $6,818,326 in 201303, indicating reliance on its endowment to cover operational shortfalls. The foundation's liabilities consistently remain at a nominal $1, suggesting a strong balance sheet in terms of debt, but the ongoing deficit spending raises questions about long-term financial sustainability without a change in revenue generation or expense management.
Given the available data, a detailed breakdown of program, administrative, and fundraising expenses is not provided, which limits a comprehensive assessment of spending efficiency. However, the consistent negative net income suggests that the organization is not self-sustaining through its annual operations. The absence of officer compensation across all reported periods indicates a volunteer-led or minimally compensated leadership structure, which can be a positive sign for resource allocation, assuming effective governance. The foundation's transparency is moderate; while it files its IRS 990s, the lack of detailed expense categories in the provided summary restricts a deeper analysis of how funds are utilized.
Overall, the foundation appears to be drawing down its principal to fund its activities, which is a common model for some foundations but warrants careful monitoring. Its financial health is stable due to its significant asset base, but the trend of declining assets and consistent operational deficits points to a need for strategic financial planning to ensure the longevity of its mission.