Irving Weinstein Foundation Inc

Irving Weinstein Foundation consistently spends more than it earns, drawing down its substantial asset base.

EIN: 136093068 · Bridgewater, NJ · Updated: 2026-03-28

$461KRevenue

$5.0MAssets

65/100Mission Score (Good)

About Irving Weinstein Foundation Inc

Irving Weinstein Foundation Inc (EIN: 136093068) is a nonprofit organization based in Bridgewater, NJ. The organization reported total revenue of $461K and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Irving Weinstein Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Irving Weinstein Foundation Inc. demonstrates a consistent pattern of spending exceeding its revenue over the past several years, as evidenced by the 202303 filing showing $147,486 in revenue against $457,155 in expenses, and similar trends in prior periods. While the organization maintains substantial assets, reported at $5,616,637 in 202303, these assets have been steadily declining from a high of $6,818,326 in 201303, indicating reliance on its endowment to cover operational shortfalls. The foundation's liabilities consistently remain at a nominal $1, suggesting a strong balance sheet in terms of debt, but the ongoing deficit spending raises questions about long-term financial sustainability without a change in revenue generation or expense management.

Given the available data, a detailed breakdown of program, administrative, and fundraising expenses is not provided, which limits a comprehensive assessment of spending efficiency. However, the consistent negative net income suggests that the organization is not self-sustaining through its annual operations. The absence of officer compensation across all reported periods indicates a volunteer-led or minimally compensated leadership structure, which can be a positive sign for resource allocation, assuming effective governance. The foundation's transparency is moderate; while it files its IRS 990s, the lack of detailed expense categories in the provided summary restricts a deeper analysis of how funds are utilized.

Overall, the foundation appears to be drawing down its principal to fund its activities, which is a common model for some foundations but warrants careful monitoring. Its financial health is stable due to its significant asset base, but the trend of declining assets and consistent operational deficits points to a need for strategic financial planning to ensure the longevity of its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Irving Weinstein Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Irving Weinstein Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive for resource allocation relative to its size.

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 Irving Weinstein Foundation Inc's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue) across multiple years, e.g., $457,155 expenses vs. $147,486 revenue in 202303.
Declining asset base over time, from $6,818,326 in 201303 to $5,616,637 in 202303, indicating reliance on principal for operations.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting transparency into spending efficiency.

Strengths

The following positive indicators were identified for Irving Weinstein Foundation Inc:

Substantial asset base ($5,616,637 in 202303) provides financial stability despite operational deficits.
Extremely low liabilities (consistently $1) indicates a strong balance sheet with minimal debt.
0% officer compensation across all reported periods suggests a volunteer-driven or highly efficient leadership structure.

Frequently Asked Questions about Irving Weinstein Foundation Inc

How does the Irving Weinstein Foundation Inc. sustain its operations given consistent deficits?

The foundation sustains its operations by drawing down its significant asset base, which has declined from $6,818,326 in 201303 to $5,616,637 in 202303, to cover expenses that frequently exceed revenue.

What is the specific breakdown of program, administrative, and fundraising expenses?

The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses, making it difficult to assess the exact allocation of funds beyond total expenses.

Is the declining asset trend a concern for the foundation's long-term viability?

Yes, the consistent decline in assets, coupled with ongoing operational deficits, is a concern for the foundation's long-term viability if current spending and revenue trends continue without adjustment.

Filing History

IRS 990 filing history for Irving Weinstein Foundation Inc showing financial trends over 9 years of public records:

Total assets decreased by 16.6% over the same period, from $6.7M to $5.6M. Total functional expenses fell by 8%, from $497K to $457K. In its most recent filing year (2023), Irving Weinstein Foundation Inc reported a deficit of $310K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$147K	$457K	$5.6M	$1	—	View 990
2022	$226K	$427K	$6.1M	$1	—	View 990
2021	$147K	$432K	$6.0M	$1	—	View 990
2020	$506K	$426K	$6.3M	$1	—	View 990
2016	$210K	$423K	$6.0M	$1	—	View 990
2015	$316K	$457K	$6.2M	$1	—	View 990
2014	$1K	$435K	$6.4M	$1	—	View 990
2013	$431K	$348K	$6.8M	$1	—	View 990
2012	$-169,556	$497K	$6.7M	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $147K, expenses of $457K, and assets of $5.6M (revenue -34.7% year-over-year).
2022: Revenue of $226K, expenses of $427K, and assets of $6.1M (revenue +53.6% year-over-year).
2021: Revenue of $147K, expenses of $432K, and assets of $6.0M (revenue -70.9% year-over-year).
2020: Revenue of $506K, expenses of $426K, and assets of $6.3M (revenue +140.8% year-over-year).
2016: Revenue of $210K, expenses of $423K, and assets of $6.0M (revenue -33.5% year-over-year).
2015: Revenue of $316K, expenses of $457K, and assets of $6.2M (revenue +25207.5% year-over-year).
2014: Revenue of $1K, expenses of $435K, and assets of $6.4M (revenue -99.7% year-over-year).
2013: Revenue of $431K, expenses of $348K, and assets of $6.8M.
2012: Revenue of $-169,556, expenses of $497K, and assets of $6.7M.

Data Sources and Methodology

This transparency report for Irving Weinstein Foundation Inc 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.