Is Jacobs Well Inc Legit?

Strengths

Consistent revenue growth, from $235,095 in 2020 to $322,940 in 2022, demonstrating financial stability.
Strong asset accumulation, increasing from $87,322 in 2020 to $560,035 in 2022, indicating effective financial management.
0% reported officer compensation across all filings, suggesting a high dedication of resources to the mission.
Expenses consistently lower than revenue in recent years, allowing for surplus and asset growth.
Long and consistent IRS 990 filing history (11 filings), indicating strong commitment to transparency and compliance.

Spending Breakdown

How Jacobs Well 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 Jacobs Well Inc

Is Jacobs Well Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Jacobs Well Inc (EIN: 205389152) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Jacobs Well Inc a good charity to donate to?

Jacobs Well Inc has a Mission Score of 90/100. Revenue: $410K. Assets: $709K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Jacobs Well Inc?

The Employer Identification Number (EIN) for Jacobs Well Inc is 205389152. 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 Jacobs Well Inc spend its money?

Jacobs Well Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Jacobs Well Inc's tax-exempt status?

You can verify Jacobs Well Inc's tax-exempt status using EIN 205389152 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

Jacobs Well Inc. demonstrates a generally stable financial trajectory, with recent filings showing consistent revenue growth from $235,095 in 2020 to $322,940 in 2022. The organization has maintained a healthy asset base, growing from $87,322 in 2020 to $560,035 in 2022, indicating good financial management and capacity. Their spending efficiency appears strong, as evidenced by expenses consistently being less than revenue in recent years (e.g., $267,804 expenses against $322,940 revenue in 2022), allowing for asset accumulation. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice suggests a volunteer-driven leadership or very modest compensation not categorized as officer pay, which is a positive sign for donors.

While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial health, marked by increasing assets and revenues, suggests effective resource utilization. The organization's consistent filing history over 11 periods further enhances its transparency profile, demonstrating a commitment to regulatory compliance. The growth in assets, particularly the substantial increase from $87,322 in 2020 to $560,035 in 2022, indicates successful financial stewardship and the ability to build reserves, which is crucial for long-term sustainability. The relatively low liabilities compared to assets in most periods also points to a sound financial position.

Verdict: Jacobs Well Inc appears trustworthy

Red Flags