Joseph And Debra Weinberg Familyfoundation Inc
Joseph And Debra Weinberg Familyfoundation Inc. shows strong asset growth and no reported officer compensation.
EIN: 203934838 · Timonium, MD · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.8M |
| Total Expenses | $1.7M |
| Program Spending | 90% |
| Net Assets | $13.2M |
| Transparency Score | 85/100 |
Is Joseph And Debra Weinberg Familyfoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joseph And Debra Weinberg Familyfoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joseph And Debra Weinberg Familyfoundation Inc
Joseph And Debra Weinberg Familyfoundation Inc (EIN: 203934838) is a nonprofit organization based in Timonium, MD, classified under NTEE code T12. The organization reported total revenue of $23.8M and total assets of $20.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joseph And Debra Weinberg Familyfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joseph And Debra Weinberg Familyfoundation Inc is a large nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$2.7M |
| Total Assets | $13.2M |
| Total Liabilities | $1 |
| Net Assets | $13.2M |
| Operating Margin | 62.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 94.3 months |
Financial Health Grade: A
In 2023, Joseph And Debra Weinberg Familyfoundation Inc reported a surplus of $2.7M with revenue exceeding expenses, holds 94.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.5% | -28.8% | +26.2% |
| 2022 | -34.4% | +78.6% | +15.0% |
| 2021 | +5369.3% | +6.3% | +92.1% |
| 2020 | -95.3% | +13.5% | -19.4% |
| 2019 | -27.9% | +0.0% | +93.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Joseph And Debra Weinberg Familyfoundation Inc with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Joseph And Debra Weinberg Familyfoundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $2.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990, which is a positive indicator for resource allocation.
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 Joseph And Debra Weinberg Familyfoundation Inc's IRS 990 filings:
- Lack of detailed program vs. administrative spending breakdown in provided data
- Significant fluctuations in annual revenue, such as $103,980 in 2020 compared to $5,687,012 in 2021, which could indicate reliance on a few large contributions or volatile investment income.
Strengths
The following positive indicators were identified for Joseph And Debra Weinberg Familyfoundation Inc:
- Strong asset growth from $581,357 in 2011 to $20,052,426 currently, indicating robust financial management.
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds or volunteer leadership.
- Positive net revenue (revenue exceeding expenses) in most years, contributing to financial stability and growth.
- Long filing history (10 filings) demonstrates consistent compliance and operational longevity.
Frequently Asked Questions about Joseph And Debra Weinberg Familyfoundation Inc
Is Joseph And Debra Weinberg Familyfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Joseph And Debra Weinberg Familyfoundation Inc (EIN: 203934838) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Joseph And Debra Weinberg Familyfoundation Inc spend its money?
Joseph And Debra Weinberg Familyfoundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joseph And Debra Weinberg Familyfoundation Inc tax-deductible?
Joseph And Debra Weinberg Familyfoundation Inc is registered as a tax-exempt nonprofit (EIN: 203934838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Joseph And Debra Weinberg Familyfoundation Inc's spending goes to programs?
Joseph And Debra Weinberg Familyfoundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Joseph And Debra Weinberg Familyfoundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Joseph And Debra Weinberg Familyfoundation Inc is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Joseph And Debra Weinberg Familyfoundation Inc located?
Joseph And Debra Weinberg Familyfoundation Inc is headquartered in Timonium, Maryland and files with the IRS under EIN 203934838. It is classified under NTEE code T12.
How many years of IRS 990 filings does Joseph And Debra Weinberg Familyfoundation Inc have?
Joseph And Debra Weinberg Familyfoundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $23.8M in total revenue.
Is Joseph And Debra Weinberg Familyfoundation Inc. a good charity?
Based on its financial health, consistent asset growth, and zero reported officer compensation, the foundation appears to be well-managed financially. However, without detailed program spending breakdowns, it's difficult to fully assess its direct impact as a 'charity' in terms of program delivery versus grantmaking.
How has the organization's financial health changed over time?
The organization has experienced significant financial growth, with assets increasing from $581,357 in 2011 to $20,052,426 currently, and revenue showing substantial fluctuations but an overall upward trend, indicating strong financial management and fundraising capabilities.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation, suggesting a commitment to minimizing administrative overhead related to executive pay or a structure where leadership is uncompensated directly by the foundation.
What is the primary use of the organization's funds?
Given the NTEE code T12 (Private Grantmaking Foundations) and the consistent accumulation of assets, it is highly probable that the primary use of funds is for grantmaking activities and investment to grow the endowment, rather than direct program delivery.
Filing History
IRS 990 filing history for Joseph And Debra Weinberg Familyfoundation Inc showing financial trends over 10 years of public records:
Total assets increased by 2172.7% over the same period, from $581K to $13.2M. Total functional expenses rose by 210.6%, from $542K to $1.7M. In its most recent filing year (2023), Joseph And Debra Weinberg Familyfoundation Inc reported a surplus of $2.7M, with revenue exceeding expenses. The organization holds $1 in liabilities against $13.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $1.7M | $13.2M | $1 | — | — |
| 2022 | $3.7M | $2.4M | $10.5M | $1 | — | View 990 |
| 2021 | $5.7M | $1.3M | $9.1M | $1 | — | View 990 |
| 2020 | $104K | $1.2M | $4.7M | $1 | — | — |
| 2019 | $2.2M | $1.1M | $5.9M | $1 | — | View 990 |
| 2015 | $3.1M | $1.1M | $3.0M | $1 | — | View 990 |
| 2014 | $65K | $654K | $1.1M | $1 | — | View 990 |
| 2013 | $2.0M | $471K | $1.6M | $1 | — | View 990 |
| 2012 | $-22,312 | $449K | $96K | $1 | — | View 990 |
| 2011 | $-52,695 | $542K | $581K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $1.7M, and assets of $13.2M (revenue +18.5% year-over-year).
- 2022: Revenue of $3.7M, expenses of $2.4M, and assets of $10.5M (revenue -34.4% year-over-year).
- 2021: Revenue of $5.7M, expenses of $1.3M, and assets of $9.1M (revenue +5369.3% year-over-year).
- 2020: Revenue of $104K, expenses of $1.2M, and assets of $4.7M (revenue -95.3% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.1M, and assets of $5.9M (revenue -27.9% year-over-year).
- 2015: Revenue of $3.1M, expenses of $1.1M, and assets of $3.0M (revenue +4598.4% year-over-year).
- 2014: Revenue of $65K, expenses of $654K, and assets of $1.1M (revenue -96.8% year-over-year).
- 2013: Revenue of $2.0M, expenses of $471K, and assets of $1.6M.
- 2012: Revenue of $-22,312, expenses of $449K, and assets of $96K.
- 2011: Revenue of $-52,695, expenses of $542K, and assets of $581K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joseph And Debra Weinberg Familyfoundation Inc:
Data Sources and Methodology
This transparency report for Joseph And Debra Weinberg Familyfoundation 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.