Weigel Foundation
EIN: 421755158 · Powell, TN · NTEE: P12
| Metric | Value |
|---|---|
| Total Revenue | $267K |
| Total Expenses | $170K |
| Net Assets | $294K |
Is Weigel Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Weigel Foundation
Weigel Foundation (EIN: 421755158) is a nonprofit organization based in Powell, TN, classified under NTEE code P12. The organization reported total revenue of $267K and total assets of $294K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Weigel Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Weigel Foundation is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $170K |
| Surplus / Deficit | $-66,545 |
| Total Assets | $294K |
| Net Assets | $294K |
| Operating Margin | -64.5% |
| Months of Reserves | 20.8 months |
Financial Health Grade: B
In 2023, Weigel Foundation reported a deficit of $67K with expenses exceeding revenue, holds 20.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Weigel Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -59.2% | -10.1% | -27.7% |
| 2022 | +65.0% | +8.7% | +23.8% |
| 2021 | +64.0% | +47.3% | +3.5% |
| 2020 | -31.1% | +161.0% | -7.2% |
| 2019 | +117.8% | -35.5% | +35.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Weigel Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Weigel Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $67K, with expenses exceeding revenue.
Frequently Asked Questions about Weigel Foundation
Is Weigel Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Weigel Foundation (EIN: 421755158) insufficient data. 0 red flags identified, 0 strengths noted.
How does Weigel Foundation spend its money?
Detailed spending breakdown data is not yet available for Weigel Foundation. Check back for updated IRS 990 analysis.
Are donations to Weigel Foundation tax-deductible?
Weigel Foundation is registered as a tax-exempt nonprofit (EIN: 421755158). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Weigel Foundation located?
Weigel Foundation is headquartered in Powell, Tennessee and files with the IRS under EIN 421755158. It is classified under NTEE code P12.
How many years of IRS 990 filings does Weigel Foundation have?
Weigel Foundation has 14 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 $267K in total revenue.
Filing History
IRS 990 filing history for Weigel Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Weigel Foundation's revenue has grown by 117.6%, moving from $47K to $103K. Total assets increased by 1293% over the same period, from $21K to $294K. Total functional expenses rose by 545.6%, from $26K to $170K. In its most recent filing year (2023), Weigel Foundation reported a deficit of $67K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $170K | $294K | $0 | — | — |
| 2022 | $253K | $189K | $407K | $46K | — | View 990 |
| 2021 | $153K | $174K | $328K | $32K | — | View 990 |
| 2020 | $93K | $118K | $317K | $0 | — | — |
| 2019 | $135K | $45K | $342K | $0 | — | View 990 |
| 2018 | $62K | $70K | $251K | $0 | — | View 990 |
| 2017 | $69K | $35K | $260K | $426 | — | — |
| 2016 | $91K | $28K | $226K | $426 | — | View 990 |
| 2015 | $80K | $31K | $162K | $0 | — | View 990 |
| 2014 | $49K | $30K | $114K | $93 | — | View 990 |
| 2013 | $43K | $33K | $95K | $0 | — | View 990 |
| 2012 | $52K | $54K | $85K | $0 | — | View 990 |
| 2011 | $953 | $23K | $1 | $855 | — | View 990 |
| 2010 | $47K | $26K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $170K, and assets of $294K (revenue -59.2% year-over-year).
- 2022: Revenue of $253K, expenses of $189K, and assets of $407K (revenue +65.0% year-over-year).
- 2021: Revenue of $153K, expenses of $174K, and assets of $328K (revenue +64.0% year-over-year).
- 2020: Revenue of $93K, expenses of $118K, and assets of $317K (revenue -31.1% year-over-year).
- 2019: Revenue of $135K, expenses of $45K, and assets of $342K (revenue +117.8% year-over-year).
- 2018: Revenue of $62K, expenses of $70K, and assets of $251K (revenue -9.3% year-over-year).
- 2017: Revenue of $69K, expenses of $35K, and assets of $260K (revenue -24.8% year-over-year).
- 2016: Revenue of $91K, expenses of $28K, and assets of $226K (revenue +14.4% year-over-year).
- 2015: Revenue of $80K, expenses of $31K, and assets of $162K (revenue +62.7% year-over-year).
- 2014: Revenue of $49K, expenses of $30K, and assets of $114K (revenue +15.1% year-over-year).
- 2013: Revenue of $43K, expenses of $33K, and assets of $95K (revenue -18.7% year-over-year).
- 2012: Revenue of $52K, expenses of $54K, and assets of $85K (revenue +5399.0% year-over-year).
- 2011: Revenue of $953, expenses of $23K, and assets of $1 (revenue -98.0% year-over-year).
- 2010: Revenue of $47K, expenses of $26K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Weigel Foundation:
Data Sources and Methodology
This transparency report for Weigel 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.