Wight Foundation
Wight Foundation: Strong Asset Base, Inconsistent Revenue, and High Administrative Costs
EIN: 222743349 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $2.2M |
| Program Spending | 50% |
| Net Assets | $13.1M |
| Transparency Score | 65/100 |
Is Wight Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wight Foundation directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Wight Foundation
Wight Foundation (EIN: 222743349) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $5.3M and total assets of $11.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wight Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wight Foundation is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $13.1M |
| Total Liabilities | $1 |
| Net Assets | $13.1M |
| Operating Margin | 33.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 71.5 months |
Financial Health Grade: A
In 2023, Wight Foundation reported a surplus of $1.1M with revenue exceeding expenses, holds 71.5 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), Wight Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.1% | +25.7% | +9.2% |
| 2022 | +418.9% | +2.9% | +4.7% |
| 2021 | -86.8% | -2.5% | -9.9% |
| 2020 | -28.3% | -24.3% | +14.4% |
| 2019 | +311.1% | -23.1% | +42.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Wight Foundation with a Mission Score of 65 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: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Wight Foundation allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation cannot be fully assessed without specific salary disclosures. However, the high administrative spending suggests a need for closer scrutiny of how funds are allocated to leadership and overhead.
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 Wight Foundation's IRS 990 filings:
- Inconsistent revenue generation, with significant fluctuations year-over-year (e.g., $439,993 in 2021 vs. $3,289,222 in 2023).
- High administrative expenses relative to total expenditures, suggesting potential inefficiencies or a top-heavy structure.
- Lack of detailed governance information ('l1' consistently reported) raises concerns about board independence and oversight.
Strengths
The following positive indicators were identified for Wight Foundation:
- Strong and growing asset base, reaching $13,063,875 in 2023, providing financial stability.
- No reported lobbying activities, indicating a focus on direct mission-related work.
- Consistent positive net assets over the years, demonstrating financial resilience despite revenue fluctuations.
Frequently Asked Questions about Wight Foundation
Is Wight Foundation a legitimate charity?
Wight Foundation (EIN: 222743349) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.3M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Wight Foundation spend its money?
Wight Foundation directs 50% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Wight Foundation tax-deductible?
Wight Foundation is registered as a tax-exempt nonprofit (EIN: 222743349). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wight Foundation's spending goes to programs?
Wight Foundation directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Wight Foundation located?
Wight Foundation is headquartered in Newark, New Jersey and files with the IRS under EIN 222743349.
How many years of IRS 990 filings does Wight Foundation have?
Wight 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 $5.3M in total revenue.
What does Wight Foundation do?
Wight Foundation is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Wight Foundation have?
Wight Foundation reported total revenue of $5,299,953. Based on 10 IRS 990 filings on record.
What are Wight Foundation's total assets?
Wight Foundation holds total assets of $11,412,087 as reported in IRS 990 filings.
Where is Wight Foundation located?
Wight Foundation is based in Newark, New Jersey.
What is Wight Foundation's EIN?
Wight Foundation's Employer Identification Number (EIN) is 222743349. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wight Foundation?
Wight Foundation is classified under NTEE code Unknown (Unknown).
Is Wight Foundation a registered 501(c)(3)?
Wight Foundation appears in IRS records (EIN: 222743349). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Wight Foundation file IRS Form 990?
Yes, Wight Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Wight Foundation's revenue in 2023?
In the 202312 filing period, Wight Foundation reported total revenue of $3,289,222, total expenses of $2,192,521, and net assets of $13,063,875.
Is Wight Foundation's revenue growing or declining?
Wight Foundation's revenue is growing. Revenue went from $2,283,343 (202212) to $3,289,222 (202312), a +44.1% change. Based on 10 filings on record.
What is Wight Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Wight Foundation covers tax period 202312. It shows revenue of $3,289,222, expenses of $2,192,521, total assets of $13,063,875, and liabilities of $1.
How much does Wight Foundation spend on programs vs administration?
Based on IRS 990 analysis, Wight Foundation allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Wight Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Wight Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Wight Foundation?
The following concerns were identified: Inconsistent revenue generation, with significant fluctuations year-over-year (e.g., $439,993 in 2021 vs. $3,289,222 in 2023).. High administrative expenses relative to total expenditures, suggesting potential inefficiencies or a top-heavy structure.. Lack of detailed governance information ('l1' consistently reported) raises concerns about board independence and oversight.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Wight Foundation's strengths?
Positive indicators for Wight Foundation include: Strong and growing asset base, reaching $13,063,875 in 2023, providing financial stability.. No reported lobbying activities, indicating a focus on direct mission-related work.. Consistent positive net assets over the years, demonstrating financial resilience despite revenue fluctuations.. These findings are derived from AI analysis of the organization's financial filings.
How does Wight Foundation compensate executives?
Executive compensation cannot be fully assessed without specific salary disclosures. However, the high administrative spending suggests a need for closer scrutiny of how funds are allocated to leadership and overhead. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'l1' governance code, what specific governance practices are missing or problematic for the Wight Foundation?
The 'l1' code typically indicates that the organization either lacks an independent governing body, does not have a conflict of interest policy, or fails to meet other basic governance best practices. This suggests a potential for self-dealing or a lack of external oversight.
How does the significant fluctuation in revenue impact the Wight Foundation's long-term sustainability and program planning?
The volatile revenue, ranging from $439,993 to over $4.6 million in different years, makes long-term program planning and budgeting challenging. While a strong asset base provides a buffer, it suggests a reliance on inconsistent funding sources or large, infrequent donations, which can hinder sustained program growth and impact.
Filing History
IRS 990 filing history for Wight Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wight Foundation's revenue has grown by 241.9%, moving from $962K to $3.3M. Total assets increased by 24.7% over the same period, from $10.5M to $13.1M. Total functional expenses rose by 42.8%, from $1.5M to $2.2M. In its most recent filing year (2023), Wight Foundation reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $13.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $2.2M | $13.1M | $1 | — | — |
| 2022 | $2.3M | $1.7M | $12.0M | $1 | — | View 990 |
| 2021 | $440K | $1.7M | $11.4M | $1 | — | View 990 |
| 2020 | $3.3M | $1.7M | $12.7M | $1 | — | View 990 |
| 2019 | $4.7M | $2.3M | $11.1M | $1 | — | — |
| 2015 | $1.1M | $3.0M | $7.8M | $1 | — | View 990 |
| 2014 | $929K | $1.9M | $9.7M | $1 | — | View 990 |
| 2013 | $2.6M | $1.7M | $10.7M | $1 | — | View 990 |
| 2012 | $1.7M | $1.5M | $10.6M | $1 | — | View 990 |
| 2011 | $962K | $1.5M | $10.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $2.2M, and assets of $13.1M (revenue +44.1% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.7M, and assets of $12.0M (revenue +418.9% year-over-year).
- 2021: Revenue of $440K, expenses of $1.7M, and assets of $11.4M (revenue -86.8% year-over-year).
- 2020: Revenue of $3.3M, expenses of $1.7M, and assets of $12.7M (revenue -28.3% year-over-year).
- 2019: Revenue of $4.7M, expenses of $2.3M, and assets of $11.1M (revenue +311.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $3.0M, and assets of $7.8M (revenue +21.8% year-over-year).
- 2014: Revenue of $929K, expenses of $1.9M, and assets of $9.7M (revenue -63.7% year-over-year).
- 2013: Revenue of $2.6M, expenses of $1.7M, and assets of $10.7M (revenue +53.3% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.5M, and assets of $10.6M (revenue +73.7% year-over-year).
- 2011: Revenue of $962K, expenses of $1.5M, and assets of $10.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wight Foundation:
Data Sources and Methodology
This transparency report for Wight 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.