Is Jane D Weiss Family Foundation Inc Legit?

Quick charity verification for Jane D Weiss Family Foundation Inc (EIN: 134001066)

Verdict: Jane D Weiss Family Foundation Inc appears trustworthy

85/100Mission Score

$101KRevenue

$529KAssets

2Red Flags

3Strengths

Red Flags

Consistent deficit spending, with expenses exceeding revenue in most years (e.g., $38,936 expenses vs. $29,746 revenue in 2023), leading to asset depletion.
Significant increase in liabilities in 2023 to $86,613, which is a notable change from previous years of very low or zero liabilities.

Strengths

Zero officer compensation reported across all filings, indicating high efficiency in executive overhead.
Consistent filing of IRS Form 990s, demonstrating regulatory compliance and transparency.
Stable asset base over the long term, despite consistent deficit spending, suggesting careful management of its endowment.

Spending Breakdown

How Jane D Weiss Family Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

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 Jane D Weiss Family Foundation Inc

Is Jane D Weiss Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Jane D Weiss Family Foundation Inc (EIN: 134001066) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.

Is Jane D Weiss Family Foundation Inc a good charity to donate to?

Jane D Weiss Family Foundation Inc has a Mission Score of 85/100. Revenue: $101K. Assets: $529K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Jane D Weiss Family Foundation Inc?

The Employer Identification Number (EIN) for Jane D Weiss Family Foundation Inc is 134001066. 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 Jane D Weiss Family Foundation Inc spend its money?

Jane D Weiss Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Jane D Weiss Family Foundation Inc's tax-exempt status?

You can verify Jane D Weiss Family Foundation Inc's tax-exempt status using EIN 134001066 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 Jane D Weiss Family Foundation Inc. operates as a private foundation, which is reflected in its financial activities. Over the past decade, the foundation has consistently reported expenses exceeding its revenue in most years, indicating it is drawing down on its assets to fund its activities. For example, in 2023, revenue was $29,746 while expenses were $38,936. This trend suggests a deliberate strategy of grantmaking that may exceed annual income, typical for foundations with an established endowment. Its assets have fluctuated, reaching a high of $698,068 in 2009 and standing at $559,813 in 2023, demonstrating a stable, albeit slightly declining, asset base over the long term.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not explicitly provided in the summary data. However, as a private foundation, its primary function is grantmaking, which is inherently programmatic. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive sign for efficiency and donor trust. The foundation's liabilities have generally been very low or zero, with a notable increase to $86,613 in 2023, which warrants further investigation to understand its nature.

In terms of transparency, the consistent filing of IRS Form 990s over a decade demonstrates adherence to regulatory requirements. The absence of officer compensation is a clear indicator of financial integrity in that specific area. However, without more granular expense data, a complete picture of how funds are allocated between program services, administration, and fundraising remains somewhat opaque. The NTEE code T90Z, which is 'Private Grantmaking Foundations, Not Elsewhere Classified,' aligns with its operational profile.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.