Is Janet And Robert Weber Family Foundation Inc Legit?

Quick charity verification for Janet And Robert Weber Family Foundation Inc (EIN: 204116962)

Verdict: Janet And Robert Weber Family Foundation Inc appears trustworthy

75/100Mission Score
$31KRevenue
$52KAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

The Janet And Robert Weber Family Foundation Inc appears to be a small private foundation with limited financial activity. Its revenue has been consistently low, with the latest reported revenue at $30,907, and prior years showing significantly less, such as $72 in 2021 and $279 in 2020. Expenses have generally outpaced revenue in recent years, leading to a gradual decline in assets from a peak of $41,927 in 2015 to $24,871 in 2021, though assets rebounded to $51,507 in the latest period. The organization consistently reports minimal liabilities ($1), indicating a healthy balance sheet in terms of debt. Spending efficiency is difficult to fully assess without a detailed breakdown of program vs. administrative expenses, which is not provided in the summary data. However, given the small scale and the nature of a family foundation, it's common for a significant portion of expenses to be grants or direct program support. The consistent reporting of 0% officer compensation suggests that the foundation is run by volunteers, which is a positive indicator of efficiency and dedication to its mission. The foundation has a consistent filing history, which points to a basic level of transparency. Overall, while the foundation's financial scale is modest and its revenue has been volatile, its low liabilities and volunteer-run structure are positive. A more detailed breakdown of expenses would be needed to fully evaluate spending efficiency, but the absence of officer compensation is a strong point for a small foundation.

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Disclaimer

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

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