Weatherhead Foundation
Weatherhead Foundation consistently maintains positive net income and growing assets with no reported officer compensation.
EIN: 132711998 · Mayfield Hts, OH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.1M |
| Total Expenses | $7.0M |
| Program Spending | 90% |
| Net Assets | $4.5M |
| Transparency Score | 92/100 |
Is Weatherhead Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Weatherhead Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Weatherhead Foundation
Weatherhead Foundation (EIN: 132711998) is a nonprofit organization based in Mayfield Hts, OH. The organization reported total revenue of $9.1M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Weatherhead Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Weatherhead Foundation is a mid-size nonprofit that has been operating for 71 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.8M |
| Total Expenses | $7.0M |
| Surplus / Deficit | +$800K |
| Total Assets | $4.5M |
| Total Liabilities | $1 |
| Net Assets | $4.5M |
| Operating Margin | 10.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 7.7 months |
Financial Health Grade: A
In 2023, Weatherhead Foundation reported a surplus of $800K with revenue exceeding expenses, holds 7.7 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), Weatherhead Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.5% | +2.4% | +58.6% |
| 2022 | +0.9% | -7.0% | -13.1% |
| 2021 | +11.2% | +25.9% | +13.3% |
| 2020 | +5.7% | +1.6% | +58.8% |
| 2019 | -58.2% | -36.3% | -28.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1955 |
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 Weatherhead Foundation with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Weatherhead Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $800K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with revenues consistently in the millions and suggests a volunteer-led or externally funded leadership structure.
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 Weatherhead Foundation's IRS 990 filings:
- Lack of detailed NTEE code makes programmatic focus unclear without further investigation.
- Unusually low liabilities ($1 or $0) across all filings could indicate a specific type of foundation or reporting anomaly, though generally positive.
Strengths
The following positive indicators were identified for Weatherhead Foundation:
- Consistent positive net income, with revenues exceeding expenses in most recent years (e.g., 2023: $7.76M revenue vs. $6.96M expenses).
- Significant growth in assets from $1.8M in 2019 to $4.47M in 2023, indicating strong financial management.
- Zero reported officer compensation across all filings, suggesting efficient use of funds and potentially volunteer leadership.
- Minimal liabilities ($1 or $0) consistently reported, indicating a very low debt burden and strong financial health.
- Long filing history (10 filings) demonstrates consistent reporting and operational longevity.
Frequently Asked Questions about Weatherhead Foundation
Is Weatherhead Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Weatherhead Foundation (EIN: 132711998) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Weatherhead Foundation spend its money?
Weatherhead Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Weatherhead Foundation tax-deductible?
Weatherhead Foundation is registered as a tax-exempt nonprofit (EIN: 132711998). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Weatherhead Foundation located?
Weatherhead Foundation is headquartered in Mayfield Hts, Ohio and files with the IRS under EIN 132711998.
How many years of IRS 990 filings does Weatherhead Foundation have?
Weatherhead Foundation 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 $9.1M in total revenue.
Is the Weatherhead Foundation financially stable?
Yes, the Weatherhead Foundation appears financially stable, consistently reporting revenues exceeding expenses in most recent years (e.g., $7,761,504 revenue vs. $6,961,426 expenses in 2023) and growing assets from $1,805,201 in 2019 to $4,478,145 in 2023, with minimal liabilities.
How does the Weatherhead Foundation manage executive compensation?
The Weatherhead Foundation reports 0% officer compensation across all available filings, indicating that no officers received direct compensation from the organization.
Has the organization's asset base grown over time?
Yes, the organization's assets have shown significant growth, increasing from $1,805,201 in 2019 to $4,478,145 in 2023.
What is the trend in the organization's revenue and expenses?
Revenue has generally increased from $5,978,758 in 2019 to $7,761,504 in 2023, with expenses also rising but typically staying below revenue, indicating controlled spending and growth.
Filing History
IRS 990 filing history for Weatherhead Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Weatherhead Foundation's revenue has grown by 323.2%, moving from $1.8M to $7.8M. Total assets decreased by 26.4% over the same period, from $6.1M to $4.5M. Total functional expenses rose by 74.2%, from $4.0M to $7.0M. In its most recent filing year (2023), Weatherhead Foundation reported a surplus of $800K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.8M | $7.0M | $4.5M | $1 | — | — |
| 2022 | $7.1M | $6.8M | $2.8M | $1 | — | View 990 |
| 2021 | $7.0M | $7.3M | $3.2M | $1 | — | View 990 |
| 2020 | $6.3M | $5.8M | $2.9M | $1 | — | View 990 |
| 2019 | $6.0M | $5.7M | $1.8M | $1 | — | — |
| 2015 | $14.3M | $9.0M | $2.5M | $1 | — | View 990 |
| 2014 | $2.1M | $5.9M | $1.0M | $1 | — | View 990 |
| 2013 | $2.8M | $4.7M | $4.3M | $0 | — | View 990 |
| 2012 | $2.8M | $3.9M | $5.7M | $0 | — | View 990 |
| 2011 | $1.8M | $4.0M | $6.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.8M, expenses of $7.0M, and assets of $4.5M (revenue +9.5% year-over-year).
- 2022: Revenue of $7.1M, expenses of $6.8M, and assets of $2.8M (revenue +0.9% year-over-year).
- 2021: Revenue of $7.0M, expenses of $7.3M, and assets of $3.2M (revenue +11.2% year-over-year).
- 2020: Revenue of $6.3M, expenses of $5.8M, and assets of $2.9M (revenue +5.7% year-over-year).
- 2019: Revenue of $6.0M, expenses of $5.7M, and assets of $1.8M (revenue -58.2% year-over-year).
- 2015: Revenue of $14.3M, expenses of $9.0M, and assets of $2.5M (revenue +580.8% year-over-year).
- 2014: Revenue of $2.1M, expenses of $5.9M, and assets of $1.0M (revenue -25.8% year-over-year).
- 2013: Revenue of $2.8M, expenses of $4.7M, and assets of $4.3M (revenue -0.5% year-over-year).
- 2012: Revenue of $2.8M, expenses of $3.9M, and assets of $5.7M (revenue +55.2% year-over-year).
- 2011: Revenue of $1.8M, expenses of $4.0M, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Weatherhead Foundation:
Data Sources and Methodology
This transparency report for Weatherhead 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.