Is J T Tai & Co Foundation Inc Legit? —…

Strengths

Strong and growing asset base, exceeding $128 million in 2023, providing long-term financial stability.
Consistent history of IRS 990 filings, indicating good transparency practices.
No reported officer compensation across all filings, suggesting high efficiency and dedication of resources to the mission.
Expenses are consistently lower than revenue in most years, leading to asset growth.
Low liabilities relative to assets, indicating a healthy balance sheet (e.g., $50,095 liabilities vs. $128,749,618 assets in 2023).

Spending Breakdown

How J T Tai & Co Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 T Tai & Co Foundation Inc

Is J T Tai & Co Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, J T Tai & Co Foundation Inc (EIN: 133157279) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

Is J T Tai & Co Foundation Inc a good charity to donate to?

J T Tai & Co Foundation Inc has a Mission Score of 85/100. Revenue: $44.0M. Assets: $124.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for J T Tai & Co Foundation Inc?

The Employer Identification Number (EIN) for J T Tai & Co Foundation Inc is 133157279. 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 T Tai & Co Foundation Inc spend its money?

J T Tai & Co Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify J T Tai & Co Foundation Inc's tax-exempt status?

You can verify J T Tai & Co Foundation Inc's tax-exempt status using EIN 133157279 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

J T Tai & Co Foundation Inc demonstrates a strong financial position, consistently maintaining substantial assets relative to its annual expenses. For instance, in 2023, assets stood at $128,749,618 against expenses of $8,281,729, indicating a robust endowment capable of supporting its mission for many years. The foundation's revenue has fluctuated significantly over the years, from a low of $3,245,744 in 2020 to a high of $35,326,129 in 2011, suggesting reliance on investment returns or large, infrequent contributions rather than consistent program service revenue. However, expenses have remained relatively stable, typically in the $6-9 million range annually, which points to consistent operational costs and grantmaking activities. 

The organization's spending efficiency appears strong, as evidenced by the consistent surplus of revenue over expenses in most years, contributing to asset growth. For example, in 2023, revenue of $17,323,068 significantly exceeded expenses of $8,281,729. The absence of reported officer compensation across all available filings suggests that administrative costs related to executive salaries are either very low or covered by other means, potentially indicating a highly volunteer-driven or lean operational structure. This contributes positively to its overall financial health and efficiency. 

Regarding transparency, the consistent filing of IRS Form 990s over a long period (9 filings) is a positive indicator. The lack of reported officer compensation is a notable point, suggesting that a significant portion of funds is not diverted to high executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a complete assessment of spending efficiency across these categories is limited. The NTEE code being 'Unknown' also slightly hinders understanding its specific programmatic focus.

Is J T Tai & Co Foundation Inc Legit?

Verdict: J T Tai & Co Foundation Inc appears trustworthy

Red Flags