Adam J Weissman Foundation
Adam J Weissman Foundation maintains strong asset base with minimal liabilities, consistently reporting zero officer compensation.
EIN: 202624778 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Adam J Weissman Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adam J Weissman Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adam J Weissman Foundation
Adam J Weissman Foundation (EIN: 202624778) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $3.0M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adam J Weissman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adam J Weissman Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $418K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-619,236 |
| Total Assets | $11.7M |
| Total Liabilities | $1 |
| Net Assets | $11.7M |
| Operating Margin | -148.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 135.1 months |
Financial Health Grade: B
In 2023, Adam J Weissman Foundation reported a deficit of $619K with expenses exceeding revenue, holds 135.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Adam J Weissman Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.3% | +16.3% | -5.0% |
| 2022 | -28.3% | +17.9% | -0.1% |
| 2021 | +31.4% | +1.1% | +3.9% |
| 2020 | +131.9% | +10.9% | +1.6% |
| 2019 | -41.0% | +15.5% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adam J Weissman Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Adam J Weissman Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $619K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through an undisclosed mechanism, which is highly favorable for an organization of its size with assets exceeding $11 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Adam J Weissman Foundation's IRS 990 filings:
- Expenses exceeding revenue in recent years (e.g., 2023: $1,036,941 expenses vs. $417,705 revenue) without clear explanation of funding source for the deficit.
Strengths
The following positive indicators were identified for Adam J Weissman Foundation:
- Strong and growing asset base, from $8,266,733 in 2011 to $11,678,086 in 2023.
- Consistently minimal liabilities (often $1), indicating excellent financial management and low debt.
- Zero reported officer compensation across all filings, suggesting high efficiency and dedication.
- Extensive filing history (10 filings) providing good transparency into financial operations.
Frequently Asked Questions about Adam J Weissman Foundation
Is Adam J Weissman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Adam J Weissman Foundation (EIN: 202624778) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Adam J Weissman Foundation spend its money?
Adam J Weissman Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Adam J Weissman Foundation tax-deductible?
Adam J Weissman Foundation is registered as a tax-exempt nonprofit (EIN: 202624778). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Adam J Weissman Foundation financially stable?
Yes, the foundation is financially stable, evidenced by its consistent asset base, which has grown from $8,266,733 in 2011 to $11,678,086 in 2023, and its minimal liabilities (often $1).
How does the foundation manage executive compensation?
The foundation consistently reports 0% officer compensation in its IRS 990 filings, suggesting a volunteer-led structure or that compensation is covered by other means not reported in this section.
Has the foundation's revenue been consistent?
No, the foundation's revenue has fluctuated significantly, ranging from a low of $400,987 in 2019 to a high of $2,338,228 in 2012.
What is the trend in the foundation's expenses relative to revenue?
In recent years, such as 2023 ($1,036,941 expenses vs. $417,705 revenue) and 2022 ($891,554 expenses vs. $875,711 revenue), expenses have exceeded revenue, indicating spending from reserves or a strategic operational shift.
Filing History
IRS 990 filing history for Adam J Weissman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Adam J Weissman Foundation's revenue has declined by 18.8%, moving from $514K to $418K. Total assets increased by 41.3% over the same period, from $8.3M to $11.7M. Total functional expenses rose by 183.7%, from $365K to $1.0M. In its most recent filing year (2023), Adam J Weissman Foundation reported a deficit of $619K, with expenses exceeding revenue. The organization holds $1 in liabilities against $11.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $418K | $1.0M | $11.7M | $1 | — | — |
| 2022 | $876K | $892K | $12.3M | $1 | — | View 990 |
| 2021 | $1.2M | $756K | $12.3M | $1 | — | View 990 |
| 2020 | $930K | $749K | $11.8M | $1 | — | View 990 |
| 2019 | $401K | $675K | $11.7M | $1 | — | — |
| 2015 | $679K | $585K | $10.9M | $1 | — | View 990 |
| 2014 | $519K | $669K | $10.8M | $1 | — | View 990 |
| 2013 | $1.2M | $461K | $11.0M | $0 | — | View 990 |
| 2012 | $2.3M | $422K | $10.2M | $1 | — | View 990 |
| 2011 | $514K | $365K | $8.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $418K, expenses of $1.0M, and assets of $11.7M (revenue -52.3% year-over-year).
- 2022: Revenue of $876K, expenses of $892K, and assets of $12.3M (revenue -28.3% year-over-year).
- 2021: Revenue of $1.2M, expenses of $756K, and assets of $12.3M (revenue +31.4% year-over-year).
- 2020: Revenue of $930K, expenses of $749K, and assets of $11.8M (revenue +131.9% year-over-year).
- 2019: Revenue of $401K, expenses of $675K, and assets of $11.7M (revenue -41.0% year-over-year).
- 2015: Revenue of $679K, expenses of $585K, and assets of $10.9M (revenue +30.8% year-over-year).
- 2014: Revenue of $519K, expenses of $669K, and assets of $10.8M (revenue -58.3% year-over-year).
- 2013: Revenue of $1.2M, expenses of $461K, and assets of $11.0M (revenue -46.7% year-over-year).
- 2012: Revenue of $2.3M, expenses of $422K, and assets of $10.2M (revenue +354.6% year-over-year).
- 2011: Revenue of $514K, expenses of $365K, and assets of $8.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adam J Weissman Foundation:
Data Sources and Methodology
This transparency report for Adam J Weissman Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.