Is The Harry And Jeanette Weinberg Village Iii Inc Legit?
Quick charity verification for The Harry And Jeanette Weinberg Village Iii Inc (EIN: 204351501)
Verdict: The Harry And Jeanette Weinberg Village Iii Inc appears trustworthy
75/100Mission Score
$819KRevenue
$7.6MAssets
2Red Flags
3Strengths
Red Flags
Consistent operational deficits (e.g., $257,096 deficit in 2023)
Gradual but significant decline in total assets over the past decade (from $10.3M in 2014 to $7.7M in 2023)
Strengths
Consistent IRS 990 filing history (14 filings) indicating transparency
No reported officer compensation, suggesting efficient use of funds for mission or volunteer leadership
Substantial asset base ($7,785,930 in 2023) providing a buffer despite deficits
Spending Breakdown
How The Harry And Jeanette Weinberg Village Iii Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 The Harry And Jeanette Weinberg Village Iii Inc
Is The Harry And Jeanette Weinberg Village Iii Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Harry And Jeanette Weinberg Village Iii Inc (EIN: 204351501) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is The Harry And Jeanette Weinberg Village Iii Inc a good charity to donate to?
The Harry And Jeanette Weinberg Village Iii Inc has a Mission Score of 75/100. Revenue: $819K. Assets: $7.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Harry And Jeanette Weinberg Village Iii Inc?
The Employer Identification Number (EIN) for The Harry And Jeanette Weinberg Village Iii Inc is 204351501. 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 The Harry And Jeanette Weinberg Village Iii Inc spend its money?
The Harry And Jeanette Weinberg Village Iii Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Harry And Jeanette Weinberg Village Iii Inc's tax-exempt status?
You can verify The Harry And Jeanette Weinberg Village Iii Inc's tax-exempt status using EIN 204351501 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 Harry And Jeanette Weinberg Village Iii Inc demonstrates consistent financial operations, primarily focused on its program services as indicated by its NTEE code (L20 - Housing for the Elderly). Over the past several years, the organization has consistently reported expenses exceeding its revenue. For instance, in fiscal year 2023, expenses were $1,019,720 against revenues of $762,624, resulting in a deficit. This trend of operating at a deficit is observable across multiple years, suggesting reliance on accumulated assets or other non-operating income sources to cover costs. Despite these deficits, the organization maintains substantial assets, reported at $7,785,930 in 2023, though these have shown a gradual decline from $10,363,210 in 2014.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to precisely assess efficiency. However, the consistent operational deficits raise questions about long-term financial sustainability if current trends continue. The absence of reported officer compensation across all available filings suggests either a volunteer-led executive team or compensation is reported under other expense categories, which could impact transparency if not clearly disclosed elsewhere.
In terms of transparency, the consistent filing of IRS Form 990s for 14 periods is a positive indicator. The zero reported officer compensation is a notable point for transparency, as it suggests that executive leadership is not drawing a salary from the organization, which can be viewed favorably by donors. However, the sustained operational deficits and the gradual decline in assets warrant closer examination to understand the underlying financial strategy and ensure the organization's long-term viability in fulfilling its mission.