Regular IRS 990 filings, demonstrating transparency in reporting
Recent positive net assets of $11,345 in 2023
Spending Breakdown
How Jackson Music Awards Association Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Jackson Music Awards Association Inc
Is Jackson Music Awards Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jackson Music Awards Association Inc (EIN: 200706580) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Jackson Music Awards Association Inc a good charity to donate to?
Jackson Music Awards Association Inc has a Mission Score of 65/100. Revenue: $46K. Assets: $11K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jackson Music Awards Association Inc?
The Employer Identification Number (EIN) for Jackson Music Awards Association Inc is 200706580. 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 Music Awards Association Inc spend its money?
Jackson Music Awards Association Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jackson Music Awards Association Inc's tax-exempt status?
You can verify Jackson Music Awards Association Inc's tax-exempt status using EIN 200706580 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 Music Awards Association Inc. demonstrates inconsistent financial health over the past decade, with revenues fluctuating significantly. While the organization reported positive net assets of $11,345 in 2023, it has also reported negative assets in previous years, such as -$2,623 in 2019 and -$3,065 in 2018, indicating periods where liabilities exceeded assets. The organization's spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond total expenses. However, in 2023, expenses ($81,332) slightly exceeded revenue ($79,994), suggesting a tight operating margin. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to volunteer leadership, which can be a positive sign for donor confidence regarding executive pay.
Transparency appears to be reasonable given the consistent filing of IRS Form 990s. However, the lack of detailed expense breakdowns in the provided data makes it challenging to fully evaluate how efficiently funds are allocated between programs, administration, and fundraising. The organization's small scale, with latest revenue at $46,250 and assets at $11,335, suggests it operates with limited resources, which can impact its ability to invest in robust financial reporting infrastructure. The significant swings in revenue and expenses, including a year with zero reported activity in 2020, point to potential operational instability or event-driven revenue cycles.