Weigel Foundation

Analysis

Weigel Foundation is a registered charity in United States, based in Powell, TN. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Weigel Foundation reported income of $103k and spending of $170k, spending 165% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $253k to $103k (-59%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Weigel Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include Sav-A-Life of Dale County Inc ($103k), Schuyler Hose Co Inc ($103k) and Agape Meals for Kids Inc ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $294k against liabilities of $0, net assets of $294k.