Weil Gots Hal & Manges Foundation Inc
Weil Gots Hal & Manges Foundation experiences significant revenue and asset decline, with expenses frequently exceeding income.
EIN: 133158325 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $2.5M |
| Program Spending | 80% |
| Net Assets | $640K |
| Transparency Score | 60/100 |
Is Weil Gots Hal & Manges Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Weil Gots Hal & Manges Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Weil Gots Hal & Manges Foundation Inc
Weil Gots Hal & Manges Foundation Inc (EIN: 133158325) is a nonprofit organization based in New York, NY. The organization reported total revenue of $5.9M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Weil Gots Hal & Manges Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Weil Gots Hal & Manges Foundation Inc is a mid-size nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-1,126,255 |
| Total Assets | $640K |
| Total Liabilities | $1 |
| Net Assets | $640K |
| Operating Margin | -79.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 3.0 months |
Financial Health Grade: B
In 2023, Weil Gots Hal & Manges Foundation Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Weil Gots Hal & Manges Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3752.0% | -15.4% | -63.8% |
| 2022 | -99.1% | -27.1% | -62.8% |
| 2021 | -20.2% | +27.8% | -2.7% |
| 2020 | +6483.5% | +150.8% | +57.6% |
| 2019 | +1914.8% | +6.7% | +29.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Weil Gots Hal & Manges Foundation Inc with a Mission Score of 60 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, Weil Gots Hal & Manges 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- 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 uncompensated or compensated through an affiliated entity, which could be a strength in minimizing direct administrative costs.
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 Weil Gots Hal & Manges Foundation Inc's IRS 990 filings:
- Significant and consistent negative net income in recent years (e.g., 2023: -$1.1M, 2022: -$2.9M).
- Substantial decline in total assets from $6.0M in 2012 to $640K in 2023, indicating a depletion of reserves.
- Highly volatile revenue streams, making financial planning and sustainability challenging.
Strengths
The following positive indicators were identified for Weil Gots Hal & Manges Foundation Inc:
- Consistently low liabilities ($0 or $1) across all reported periods.
- Consistent filing of IRS Form 990s, indicating compliance and transparency in reporting.
- No reported officer compensation, potentially indicating efficient use of funds for mission-related activities.
Frequently Asked Questions about Weil Gots Hal & Manges Foundation Inc
Is Weil Gots Hal & Manges Foundation Inc a legitimate charity?
Weil Gots Hal & Manges Foundation Inc (EIN: 133158325) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.9M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Weil Gots Hal & Manges Foundation Inc spend its money?
Weil Gots Hal & Manges Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Weil Gots Hal & Manges Foundation Inc tax-deductible?
Weil Gots Hal & Manges Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133158325). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Weil Gots Hal & Manges Foundation Inc's spending goes to programs?
Weil Gots Hal & Manges Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Weil Gots Hal & Manges Foundation Inc located?
Weil Gots Hal & Manges Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133158325.
How many years of IRS 990 filings does Weil Gots Hal & Manges Foundation Inc have?
Weil Gots Hal & Manges Foundation 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 $5.9M in total revenue.
Is Weil Gots Hal & Manges Foundation Inc. financially stable given its fluctuating revenue and declining assets?
The foundation's financial stability is questionable due to highly volatile revenues and a consistent pattern of expenses exceeding revenue in recent years (e.g., $2.5M expenses vs. $1.4M revenue in 2023). Its assets have also significantly decreased from over $6M in 2012 to $640K in 2023, indicating a draw-down of reserves.
What is the reason for the consistent 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be volunteer-based or compensated by the parent law firm, Weil, Gotshal & Manges LLP, rather than directly by the foundation itself. This practice can reduce direct administrative overhead for the foundation.
How does the foundation cover its expenses when revenue is significantly lower, such as in 2022 ($36,920 revenue vs. $3,014,037 expenses)?
When revenue is significantly lower than expenses, the foundation likely draws upon its accumulated assets or receives substantial contributions not fully reflected in the 'revenue' line item for that specific period, or through inter-entity transfers from its affiliated law firm.
Filing History
IRS 990 filing history for Weil Gots Hal & Manges Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Weil Gots Hal & Manges Foundation Inc's revenue has declined by 10.1%, moving from $1.6M to $1.4M. Total assets decreased by 89.4% over the same period, from $6.0M to $640K. Total functional expenses rose by 44.7%, from $1.8M to $2.5M. In its most recent filing year (2023), Weil Gots Hal & Manges Foundation Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $640K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $640K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $2.5M | $640K | $1 | — | — |
| 2022 | $37K | $3.0M | $1.8M | $1 | — | View 990 |
| 2021 | $4.0M | $4.1M | $4.7M | $1 | — | View 990 |
| 2020 | $5.0M | $3.2M | $4.9M | $1 | — | View 990 |
| 2019 | $76K | $1.3M | $3.1M | $1 | — | — |
| 2015 | $4K | $1.2M | $2.4M | $0 | — | View 990 |
| 2014 | $3K | $970K | $3.6M | $0 | — | View 990 |
| 2013 | $5K | $1.5M | $4.6M | $0 | — | View 990 |
| 2012 | $1.5M | $1.5M | $6.0M | $0 | — | View 990 |
| 2011 | $1.6M | $1.8M | $6.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $2.5M, and assets of $640K (revenue +3752.0% year-over-year).
- 2022: Revenue of $37K, expenses of $3.0M, and assets of $1.8M (revenue -99.1% year-over-year).
- 2021: Revenue of $4.0M, expenses of $4.1M, and assets of $4.7M (revenue -20.2% year-over-year).
- 2020: Revenue of $5.0M, expenses of $3.2M, and assets of $4.9M (revenue +6483.5% year-over-year).
- 2019: Revenue of $76K, expenses of $1.3M, and assets of $3.1M (revenue +1914.8% year-over-year).
- 2015: Revenue of $4K, expenses of $1.2M, and assets of $2.4M (revenue +40.1% year-over-year).
- 2014: Revenue of $3K, expenses of $970K, and assets of $3.6M (revenue -47.1% year-over-year).
- 2013: Revenue of $5K, expenses of $1.5M, and assets of $4.6M (revenue -99.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $6.0M (revenue -4.5% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.8M, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Weil Gots Hal & Manges Foundation Inc:
Data Sources and Methodology
This transparency report for Weil Gots Hal & Manges 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.