William and Irene Weinberg Family Foundation Inc

Analysis

William and Irene Weinberg Family Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 1994, 32 years ago. 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, William and Irene Weinberg Family Foundation Inc reported income of $122k and spending of $70k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $122k (+128%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 139%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, William and Irene Weinberg Family Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include Niskayuna Girls Softball League Inc ($122k), First United Methodist Church of Ada Foundation ($122k) and Kirk-Cone Rehabilitation Inc ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.