Is Karen Weidinger Foundation Legit?

The Karen Weidinger Foundation demonstrates consistent financial health, with its latest revenue at $96,081 and assets of $115,986. The organization has shown growth in both revenue and assets over its filing history, with revenue increasing from $49,948 in 2011 to $78,645 in 2023. The foundation maintains a strong balance sheet with zero liabilities reported across all available filings, indicating sound financial management and a low-risk profile. This consistent lack of liabilities is a significant positive indicator of financial stability. Spending efficiency appears to be strong, particularly given the reported 0% officer compensation across all filings, suggesting that resources are primarily directed towards programmatic activities and operational costs rather than executive salaries. For instance, in 2023, expenses were $75,207 against revenues of $78,645, indicating that the vast majority of incoming funds are being utilized for the organization's mission. The foundation's NTEE code E12 (Diseases, Disorders, Medical Disciplines, General) suggests a focus on health-related programs. Transparency is high, as evidenced by the consistent filing of IRS Form 990s and the clear reporting of financial data, including zero liabilities and zero officer compensation. This level of detail allows for a straightforward assessment of the organization's financial practices. The growth in assets from $40,405 in 2011 to $115,986 currently further underscores its ability to build and maintain financial reserves, which is a positive sign for long-term sustainability.