Quick charity verification for Sidney J Weinberg Foundation (EIN: 132998603)
Verdict: Sidney J Weinberg Foundation appears trustworthy
75/100Mission Score
$10.7MRevenue
$21.1MAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending: Expenses have frequently exceeded revenue, such as $6,383,766 in expenses vs. $4,688,259 in revenue in 2023.
Significant decline in assets over time: Assets have decreased from $47,386,979 in 2011 to $23,062,095 in 2023, indicating a sustained draw-down.
Strengths
Zero officer compensation: Consistently reports 0% officer compensation, suggesting efficient use of funds for leadership or volunteer-led governance.
Negligible liabilities: Liabilities are consistently reported as very low (often $0 or $1), indicating strong financial solvency and low debt.
Substantial asset base: Despite declines, the foundation still holds over $23 million in assets, providing a significant base for future grant-making.
Spending Breakdown
How Sidney J Weinberg Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Sidney J Weinberg Foundation
Is Sidney J Weinberg Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sidney J Weinberg Foundation (EIN: 132998603) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Sidney J Weinberg Foundation a good charity to donate to?
Sidney J Weinberg Foundation has a Mission Score of 75/100. Revenue: $10.7M. Assets: $21.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sidney J Weinberg Foundation?
The Employer Identification Number (EIN) for Sidney J Weinberg Foundation is 132998603. 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 Sidney J Weinberg Foundation spend its money?
Sidney J Weinberg Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sidney J Weinberg Foundation's tax-exempt status?
You can verify Sidney J Weinberg Foundation's tax-exempt status using EIN 132998603 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 Sidney J Weinberg Foundation appears to be a well-established private foundation, as indicated by its substantial assets, which were $23,062,095 in 2023. The foundation consistently reports zero officer compensation across all available filings, suggesting a volunteer-led or externally managed structure, which can be a positive indicator for donor confidence regarding administrative overhead. However, the foundation has consistently spent more than its revenue in most recent years, with expenses of $6,383,766 against revenue of $4,688,259 in 2023, and $5,078,762 against $1,427,000 in 2022. This trend of deficit spending, while common for foundations drawing from endowments, has led to a decline in assets from $47,386,979 in 2011 to $23,062,095 in 2023. This sustained draw-down on assets warrants closer examination to understand the long-term sustainability of its grant-making activities. The foundation's liabilities have consistently been negligible, often reported as $1 or $0, indicating strong financial solvency in terms of debt.