Quick charity verification for Weismann Foundation (EIN: 203969985)
Verdict: Weismann Foundation appears trustworthy
75/100Mission Score
$11KRevenue
$1.1MAssets
2Red Flags
3Strengths
Red Flags
Highly volatile and often negative annual revenue, requiring reliance on asset drawdowns.
Expenses frequently exceed revenue, as seen in 2023 ($81,427 expenses vs. $6,909 revenue), indicating a consistent draw on assets.
Strengths
Consistently maintains over $1 million in assets, providing financial stability.
Reports 0% officer compensation across all filings, demonstrating excellent executive compensation efficiency.
Extremely low liabilities, often reported as $1, indicating a very strong balance sheet with minimal debt.
Spending Breakdown
How Weismann Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Weismann Foundation
Is Weismann Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Weismann Foundation (EIN: 203969985) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Weismann Foundation a good charity to donate to?
Weismann Foundation has a Mission Score of 75/100. Revenue: $11K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Weismann Foundation?
The Employer Identification Number (EIN) for Weismann Foundation is 203969985. 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 Weismann Foundation spend its money?
Weismann Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Weismann Foundation's tax-exempt status?
You can verify Weismann Foundation's tax-exempt status using EIN 203969985 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 Weismann Foundation, with an EIN of 203969985, appears to be a small foundation based in Westport, CT, primarily focused on grantmaking or asset management given its NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations). Its financial health shows significant fluctuations in revenue, with the latest reported revenue at $10,625, a sharp decline from previous years like $290,665 in 2021. Despite low revenues, the organization consistently maintains over $1 million in assets, suggesting it operates more as an endowment or private foundation rather than a public charity reliant on annual donations. Expenses have generally been in the range of $45,000 to $85,000 annually, often exceeding revenue, leading to a draw-down on assets in some periods, such as 2023 where expenses were $81,427 against $6,909 in revenue. The organization consistently reports minimal liabilities and zero officer compensation, indicating good financial stewardship in terms of debt and executive pay. However, the consistent reporting of $1 in liabilities across multiple years (e.g., 2023, 2022, 2021) could be an anomaly or a simplified reporting practice for negligible amounts, which doesn't significantly impact financial health but is unusual.