Is George And Karen James Familyfoundation Inc Legit?
Quick charity verification for George And Karen James Familyfoundation Inc (EIN: 205020427)
Verdict: George And Karen James Familyfoundation Inc appears trustworthy
80/100Mission Score
$183KRevenue
$484KAssets
2Red Flags
4Strengths
Red Flags
Consistent spending exceeding revenue in recent years (e.g., 2023, 2022, 2020, 2015, 2012, 2011) without clear explanation of asset draw strategy.
Significant decline in total assets from $767,319 in 2014 to $391,566 in 2023, which could impact long-term grant-making capacity if not managed strategically.
Strengths
Zero officer compensation reported across all available filings, indicating high efficiency in leadership costs.
Consistent history of IRS 990 filings (10 filings), demonstrating good transparency and compliance.
Minimal liabilities ($1 reported consistently), indicating strong financial stability and no significant debt burden.
Operates as a private foundation, fulfilling its role in grant-making to support other charitable endeavors.
Spending Breakdown
How George And Karen James Familyfoundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about George And Karen James Familyfoundation Inc
Is George And Karen James Familyfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, George And Karen James Familyfoundation Inc (EIN: 205020427) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is George And Karen James Familyfoundation Inc a good charity to donate to?
George And Karen James Familyfoundation Inc has a Mission Score of 80/100. Revenue: $183K. Assets: $484K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for George And Karen James Familyfoundation Inc?
The Employer Identification Number (EIN) for George And Karen James Familyfoundation Inc is 205020427. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does George And Karen James Familyfoundation Inc spend its money?
George And Karen James Familyfoundation Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify George And Karen James Familyfoundation Inc's tax-exempt status?
You can verify George And Karen James Familyfoundation Inc's tax-exempt status using EIN 205020427 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The George And Karen James Familyfoundation Inc operates as a private foundation, which typically means its primary activity is making grants to other organizations rather than direct program services. Its financial health shows significant fluctuations in revenue and expenses over the past decade. For instance, in 2023, the foundation reported revenue of $32,854 against expenses of $161,768, indicating it spent more than it brought in, drawing from its assets. This trend of expenses exceeding revenue is common for grant-making foundations in certain years, as they fulfill their charitable distribution requirements. The organization consistently reports minimal liabilities ($1), suggesting a stable financial structure without significant debt.
Spending efficiency for a private foundation is primarily assessed by its grant-making activity relative to its administrative costs. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely determine the program spending ratio. However, the absence of officer compensation (0% in all reported periods) is a positive indicator of efficiency, as it suggests that the foundation's leadership is not drawing a salary from the organization. Transparency is generally good, given the availability of 10 years of IRS 990 filings, which is standard for public disclosure requirements.
Overall, the foundation appears to be fulfilling its role as a grant-making entity, managing its assets to support its charitable purpose. The fluctuations in revenue and expenses are typical for foundations that may receive large, infrequent contributions or make significant grants in specific years. Its asset base has varied, peaking around $767,319 in 2014 and currently standing at $391,566 in 2023, reflecting its grant-making activities.