Joseph and Sarah Weinberg Foundation Inc

Analysis

Joseph and Sarah Weinberg Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joseph and Sarah Weinberg Foundation Inc reported income of $65k and spending of $92k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $219k to $65k (-70%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 130% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Joseph and Sarah Weinberg Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Project 58 ($65k), Good Works Community Church ($65k) and Good Word Ministries Inc ($65k).

At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.