Weaverland Financial Aid Of Newyork
Weaverland Financial Aid Of Newyork shows consistent asset growth and no reported officer compensation over a decade.
EIN: 205334261 · Seneca Falls, NY · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $281K |
| Transparency Score | 92/100 |
Is Weaverland Financial Aid Of Newyork Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Weaverland Financial Aid Of Newyork directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Weaverland Financial Aid Of Newyork
Weaverland Financial Aid Of Newyork (EIN: 205334261) is a nonprofit organization based in Seneca Falls, NY, classified under NTEE code P20. The organization reported total revenue of $1.8M and total assets of $29.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Weaverland Financial Aid Of Newyork's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Weaverland Financial Aid Of Newyork is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$122K |
| Total Assets | $24.6M |
| Total Liabilities | $24.3M |
| Net Assets | $281K |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 98.9% |
| Months of Reserves | 276.0 months |
Financial Health Grade: A
In 2023, Weaverland Financial Aid Of Newyork reported a surplus of $122K with revenue exceeding expenses, holds 276.0 months of operating reserves (strong position), has a debt-to-asset ratio of 98.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Weaverland Financial Aid Of Newyork's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +113.8% | +93.6% | +16.5% |
| 2022 | +1.5% | +2.3% | +11.3% |
| 2021 | -7.2% | -2.6% | +5.7% |
| 2020 | -4.5% | -7.1% | +6.7% |
| 2019 | +11.9% | +13.2% | +3.8% |
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 Weaverland Financial Aid Of Newyork 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Weaverland Financial Aid Of Newyork allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $122K, with revenue exceeding expenses.
- Debt-to-asset ratio: 98.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly efficient and directs more resources to its mission.
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 Weaverland Financial Aid Of Newyork's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided summary data prevents granular analysis of program vs. admin vs. fundraising spending.
Strengths
The following positive indicators were identified for Weaverland Financial Aid Of Newyork:
- Consistent asset growth, increasing from $13,996,193 in 2014 to $29,025,104 currently.
- Zero reported officer compensation across all filings, indicating volunteer leadership and high efficiency in leadership costs.
- Healthy financial position with revenues generally exceeding expenses, allowing for asset accumulation.
- Long history of IRS 990 filings (13 filings), demonstrating consistent transparency.
- Steady growth in revenue over the past decade, from $463,299 in 2014 to $1,760,222 currently.
Frequently Asked Questions about Weaverland Financial Aid Of Newyork
Is Weaverland Financial Aid Of Newyork a legitimate charity?
Weaverland Financial Aid Of Newyork (EIN: 205334261) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Weaverland Financial Aid Of Newyork spend its money?
Weaverland Financial Aid Of Newyork directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Weaverland Financial Aid Of Newyork tax-deductible?
Weaverland Financial Aid Of Newyork is registered as a tax-exempt nonprofit (EIN: 205334261). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Weaverland Financial Aid Of Newyork's spending goes to programs?
Weaverland Financial Aid Of Newyork directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Weaverland Financial Aid Of Newyork compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Weaverland Financial Aid Of Newyork is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Weaverland Financial Aid Of Newyork located?
Weaverland Financial Aid Of Newyork is headquartered in Seneca Falls, New York and files with the IRS under EIN 205334261. It is classified under NTEE code P20.
How many years of IRS 990 filings does Weaverland Financial Aid Of Newyork have?
Weaverland Financial Aid Of Newyork has 13 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 $1.8M in total revenue.
Is Weaverland Financial Aid Of Newyork a good charity?
Based on the provided data, the organization appears to be a good charity, demonstrating strong financial health, consistent asset growth, and a commitment to volunteer leadership with no reported officer compensation.
How has the organization's revenue changed over time?
Revenue has shown significant growth, increasing from $463,299 in 2014 to $1,191,785 in 2023, and currently stands at $1,760,222, indicating a strong upward trend.
What is the trend in the organization's assets?
Assets have consistently grown year over year, from $13,996,193 in 2014 to $29,025,104 currently, reflecting strong financial management and accumulation of resources.
Does the organization pay its officers?
No, the organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating a volunteer-led structure.
Filing History
IRS 990 filing history for Weaverland Financial Aid Of Newyork showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Weaverland Financial Aid Of Newyork's revenue has grown by 164.4%, moving from $451K to $1.2M. Total assets increased by 111.4% over the same period, from $11.6M to $24.6M. Total functional expenses rose by 141%, from $444K to $1.1M. In its most recent filing year (2023), Weaverland Financial Aid Of Newyork reported a surplus of $122K, with revenue exceeding expenses. The organization holds $24.3M in liabilities against $24.6M in assets (debt-to-asset ratio: 98.9%), resulting in net assets of $281K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $24.6M | $24.3M | — | — |
| 2022 | $557K | $553K | $21.1M | $21.0M | — | View 990 |
| 2021 | $549K | $540K | $19.0M | $18.8M | — | — |
| 2020 | $592K | $554K | $18.0M | $17.8M | — | — |
| 2019 | $619K | $597K | $16.8M | $16.7M | — | View 990 |
| 2018 | $553K | $527K | $16.2M | $16.1M | — | View 990 |
| 2017 | $510K | $485K | $15.7M | $15.7M | — | View 990 |
| 2016 | $502K | $483K | $15.1M | $15.1M | — | View 990 |
| 2015 | $468K | $444K | $14.7M | $14.7M | — | View 990 |
| 2014 | $463K | $451K | $14.0M | $14.0M | — | View 990 |
| 2013 | $427K | $416K | $14.0M | $14.0M | — | View 990 |
| 2012 | $424K | $425K | $12.3M | $12.3M | — | View 990 |
| 2011 | $451K | $444K | $11.6M | $11.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $24.6M (revenue +113.8% year-over-year).
- 2022: Revenue of $557K, expenses of $553K, and assets of $21.1M (revenue +1.5% year-over-year).
- 2021: Revenue of $549K, expenses of $540K, and assets of $19.0M (revenue -7.2% year-over-year).
- 2020: Revenue of $592K, expenses of $554K, and assets of $18.0M (revenue -4.5% year-over-year).
- 2019: Revenue of $619K, expenses of $597K, and assets of $16.8M (revenue +11.9% year-over-year).
- 2018: Revenue of $553K, expenses of $527K, and assets of $16.2M (revenue +8.5% year-over-year).
- 2017: Revenue of $510K, expenses of $485K, and assets of $15.7M (revenue +1.6% year-over-year).
- 2016: Revenue of $502K, expenses of $483K, and assets of $15.1M (revenue +7.2% year-over-year).
- 2015: Revenue of $468K, expenses of $444K, and assets of $14.7M (revenue +1.0% year-over-year).
- 2014: Revenue of $463K, expenses of $451K, and assets of $14.0M (revenue +8.6% year-over-year).
- 2013: Revenue of $427K, expenses of $416K, and assets of $14.0M (revenue +0.6% year-over-year).
- 2012: Revenue of $424K, expenses of $425K, and assets of $12.3M (revenue -5.9% year-over-year).
- 2011: Revenue of $451K, expenses of $444K, and assets of $11.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Weaverland Financial Aid Of Newyork:
Data Sources and Methodology
This transparency report for Weaverland Financial Aid Of Newyork 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.