Quick charity verification for J Jerome Reddy Foundation Inc (EIN: 112693497)
Verdict: J Jerome Reddy Foundation Inc shows mixed signals
55/100Mission Score
$3.4MRevenue
$268KAssets
4Red Flags
3Strengths
Red Flags
Extreme revenue and expense volatility between fiscal years, particularly the $3.4M expense in 2021 and $3.4M revenue in 2022.
Significant liabilities ($3,420,461) reported in 2021, indicating potential financial strain.
Unknown NTEE code, which limits understanding of the organization's specific charitable purpose.
Lack of detailed expense breakdown in the provided data to assess spending efficiency accurately.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
Substantial revenue surplus in the latest filing period (202206) of over $3.3 million ($3,424,985 revenue - $103,462 expenses).
Long filing history (12 filings) suggests a commitment to IRS compliance.
Spending Breakdown
How J Jerome Reddy Foundation Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 J Jerome Reddy Foundation Inc
Is J Jerome Reddy Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, J Jerome Reddy Foundation Inc (EIN: 112693497) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
Is J Jerome Reddy Foundation Inc a good charity to donate to?
J Jerome Reddy Foundation Inc has a Mission Score of 55/100. Revenue: $3.4M. Assets: $268K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for J Jerome Reddy Foundation Inc?
The Employer Identification Number (EIN) for J Jerome Reddy Foundation Inc is 112693497. 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 J Jerome Reddy Foundation Inc spend its money?
J Jerome Reddy Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify J Jerome Reddy Foundation Inc's tax-exempt status?
You can verify J Jerome Reddy Foundation Inc's tax-exempt status using EIN 112693497 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 J Jerome Reddy Foundation Inc exhibits highly volatile financial activity, making a consistent assessment challenging. In the latest period (202206), the organization reported substantial revenue of $3,424,985 against relatively low expenses of $103,462, resulting in a significant surplus. This contrasts sharply with the prior period (202106) where revenue was only $109,234 but expenses soared to $3,484,103, indicating a substantial deficit and a high liability burden of $3,420,461. The organization's assets have remained relatively stable, around $270,000 in recent years, but the dramatic swings in revenue and expenses, particularly the large deficit in 202106, raise questions about financial stability and the nature of its operations. The consistent reporting of 0% officer compensation across all available filings suggests good transparency regarding executive pay, but the lack of detailed expense breakdowns in the provided data limits a full understanding of spending efficiency. The NTEE code being unknown also hinders a clear understanding of its programmatic focus.