How Jackson Economic Development Corporation 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 Jackson Economic Development Corporation
Is Jackson Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jackson Economic Development Corporation (EIN: 113690424) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Jackson Economic Development Corporation a good charity to donate to?
Jackson Economic Development Corporation has a Mission Score of 90/100. Revenue: $736K. Assets: $7.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jackson Economic Development Corporation?
The Employer Identification Number (EIN) for Jackson Economic Development Corporation is 113690424. 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 Jackson Economic Development Corporation spend its money?
Jackson Economic Development Corporation allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jackson Economic Development Corporation's tax-exempt status?
You can verify Jackson Economic Development Corporation's tax-exempt status using EIN 113690424 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 Jackson Economic Development Corporation demonstrates strong financial health with substantial and growing assets, reaching $7,192,801 in the latest period. The organization consistently operates with a significant surplus, as evidenced by its latest revenue of $735,790 against expenses of $188,939 in 2023, and similar trends in prior years. This indicates effective management of resources and a robust financial position. The organization's NTEE code S31 suggests a focus on economic development, which aligns with its name.
Spending efficiency appears high, with expenses consistently being a relatively small fraction of revenue. For example, in 2023, expenses were only about 47% of revenue ($188,939 / $400,464). The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice also suggests a volunteer-led or very lean administrative structure.
Overall, the organization exhibits strong financial stewardship, maintaining healthy asset levels and managing expenses prudently. The absence of officer compensation further enhances its transparency and efficiency profile, suggesting that the majority of its operational costs are likely directed towards program delivery and essential administrative functions, rather than high executive salaries.