Weprin Family Foundation Inc
Weprin Family Foundation consistently grows assets with zero executive compensation.
EIN: 201944690 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Weprin Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Weprin Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Weprin Family Foundation Inc
Weprin Family Foundation Inc (EIN: 201944690) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $44K and total assets of $337K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Weprin Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Weprin Family Foundation Inc is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $17K |
| Surplus / Deficit | +$3K |
| Total Assets | $320K |
| Total Liabilities | $1 |
| Net Assets | $320K |
| Operating Margin | 14.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 230.1 months |
Financial Health Grade: A
In 2023, Weprin Family Foundation Inc reported a surplus of $3K with revenue exceeding expenses, holds 230.1 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), Weprin Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.0% | -10.6% | +0.9% |
| 2022 | -29.2% | +12.3% | +1.1% |
| 2021 | +10.1% | +4.9% | +4.9% |
| 2020 | +36.3% | +3.6% | +4.4% |
| 2019 | +17.6% | -10.9% | +7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Weprin Family Foundation Inc with a Mission Score of 90 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: 95%
- fundraising: 0%
According to IRS 990 filings, Weprin Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This suggests a highly efficient operational model, likely relying on volunteer leadership or very minimal administrative overhead, especially given its asset base of over $300,000.
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.
Strengths
The following positive indicators were identified for Weprin Family Foundation Inc:
- Consistent asset growth, increasing from $243,622 in 2011 to $319,782 in 2023.
- Zero officer compensation reported across all filings, indicating high operational efficiency.
- Extremely low liabilities (consistently $1), demonstrating strong financial health and minimal risk.
- Revenue consistently exceeds expenses, allowing for sustained operations and asset accumulation.
- Consistent IRS 990 filing history, indicating transparency and compliance.
Frequently Asked Questions about Weprin Family Foundation Inc
Is Weprin Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Weprin Family Foundation Inc (EIN: 201944690) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Weprin Family Foundation Inc spend its money?
Weprin Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Weprin Family Foundation Inc tax-deductible?
Weprin Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201944690). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Weprin Family Foundation Inc. financially stable?
Yes, the foundation is financially stable. Its assets have consistently grown from $243,622 in 2011 to $319,782 in 2023, and liabilities have remained at a nominal $1, indicating strong solvency and prudent management.
Does Weprin Family Foundation Inc. spend efficiently?
Yes, the foundation appears to spend very efficiently. Officer compensation is reported as 0% across all filings, suggesting that administrative costs are extremely low and resources are maximized for its charitable purpose.
What is the trend in the foundation's revenue and expenses?
The foundation's revenue and expenses have fluctuated but generally show revenue exceeding expenses, allowing for asset growth. For example, in 2023, revenue was $19,545 against expenses of $16,675.
Filing History
IRS 990 filing history for Weprin Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Weprin Family Foundation Inc's revenue has grown by 68.4%, moving from $12K to $20K. Total assets increased by 31.3% over the same period, from $244K to $320K. Total functional expenses rose by 65.8%, from $10K to $17K. In its most recent filing year (2023), Weprin Family Foundation Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $320K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $320K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20K | $17K | $320K | $1 | — | — |
| 2022 | $22K | $19K | $317K | $1 | — | — |
| 2021 | $31K | $17K | $313K | $1 | — | — |
| 2020 | $28K | $16K | $299K | $1 | — | View 990 |
| 2019 | $21K | $15K | $286K | $1 | — | View 990 |
| 2015 | $18K | $17K | $267K | $1 | — | View 990 |
| 2014 | $26K | $14K | $266K | $1 | — | View 990 |
| 2013 | $20K | $13K | $254K | $1 | — | View 990 |
| 2012 | $16K | $13K | $247K | $1 | — | View 990 |
| 2011 | $12K | $10K | $244K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20K, expenses of $17K, and assets of $320K (revenue -12.0% year-over-year).
- 2022: Revenue of $22K, expenses of $19K, and assets of $317K (revenue -29.2% year-over-year).
- 2021: Revenue of $31K, expenses of $17K, and assets of $313K (revenue +10.1% year-over-year).
- 2020: Revenue of $28K, expenses of $16K, and assets of $299K (revenue +36.3% year-over-year).
- 2019: Revenue of $21K, expenses of $15K, and assets of $286K (revenue +17.6% year-over-year).
- 2015: Revenue of $18K, expenses of $17K, and assets of $267K (revenue -32.8% year-over-year).
- 2014: Revenue of $26K, expenses of $14K, and assets of $266K (revenue +34.9% year-over-year).
- 2013: Revenue of $20K, expenses of $13K, and assets of $254K (revenue +19.4% year-over-year).
- 2012: Revenue of $16K, expenses of $13K, and assets of $247K (revenue +41.7% year-over-year).
- 2011: Revenue of $12K, expenses of $10K, and assets of $244K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Weprin Family Foundation Inc:
Data Sources and Methodology
This transparency report for Weprin Family 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.