First Weber Foundation Inc

Analysis

First Weber Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Weber Foundation Inc reported income of $323k and spending of $384k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $340k to $323k (-5.1%), an average of -1.3% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, First Weber Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within WI. Charities of a similar size with the same main cause include West Humboldt Park Family and Community Development Council ($323k), International Friendship Ministries Inc ($323k) and South Dakota Chapter Inc of the American Concrete Pavement Assoc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (16% of expenses). At year end it held assets of $40k against liabilities of $29k, net assets of $11k.