Quick charity verification for Jackson Emc Foundation Inc (EIN: 203423847)
Verdict: Jackson Emc Foundation Inc appears trustworthy
90/100Mission Score
$1.3MRevenue
$371KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent zero liabilities reported across all filings.
0% officer compensation, indicating high efficiency and dedication of funds to mission.
Stable revenue generation, consistently over $1 million annually.
Strong transparency with consistent IRS 990 filings.
Positive asset growth in recent years (e.g., from $175,504 in 2020 to $332,723 in 2024).
AI Transparency Report
Jackson Emc Foundation Inc demonstrates consistent financial activity, with revenues and expenses generally in the range of $1.1 million to $1.3 million over the past decade. The organization's assets have fluctuated, most recently reported at $332,723 in 2024, which is modest relative to its annual revenue. A notable aspect of its financial health is the consistent reporting of zero liabilities across all available filings, indicating a strong balance sheet free of debt.
The organization appears to be highly efficient in its spending, as evidenced by the 0% officer compensation reported in all filings. This suggests that administrative costs related to executive salaries are non-existent, allowing a greater proportion of funds to be directed towards its programs. While specific program spending ratios are not detailed in the provided data, the absence of executive compensation is a strong indicator of operational efficiency.
Transparency is excellent given the consistent filing of IRS Form 990s and the clear reporting of key financial metrics. The consistent zero liability and zero officer compensation figures across multiple years enhance confidence in the organization's financial practices. The NTEE code P12 (Community Foundations) suggests a focus on grant-making or community support, and the financial data supports an organization that manages its funds responsibly without significant overhead.