No reported liabilities across all filing periods, indicating strong financial health.
Stable financial operations with consistent revenue and expenses over a decade.
Modest but growing asset base, reaching $12,239 in 2023.
Spending Breakdown
How Jacobs Well Ministries Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Jacobs Well Ministries Inc
Is Jacobs Well Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jacobs Well Ministries Inc (EIN: 202417806) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Jacobs Well Ministries Inc a good charity to donate to?
Jacobs Well Ministries Inc has a Mission Score of 85/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jacobs Well Ministries Inc?
The Employer Identification Number (EIN) for Jacobs Well Ministries Inc is 202417806. 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 Ministries Inc spend its money?
Jacobs Well Ministries Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jacobs Well Ministries Inc's tax-exempt status?
You can verify Jacobs Well Ministries Inc's tax-exempt status using EIN 202417806 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 Ministries Inc. demonstrates consistent, albeit modest, financial activity over the past decade. The organization's revenue and expenses have remained relatively stable, typically in the range of $25,000 to $40,000 annually. In 2023, the organization reported revenue of $36,550 and expenses of $37,678, indicating a slight deficit for the year. This pattern of near break-even operations, sometimes with small surpluses or deficits, is common for smaller nonprofits. The organization's assets have grown modestly over time, reaching $12,239 in 2023, with no reported liabilities, which is a positive indicator of financial stability.
The lack of reported officer compensation across all available filings suggests that the organization is likely run by volunteers, which can significantly reduce administrative overhead and maximize funds directed towards programs. However, without detailed expense breakdowns (e.g., program vs. administrative vs. fundraising costs), it's challenging to fully assess spending efficiency. The consistent filing of IRS Form 990s indicates a commitment to transparency regarding its financial operations, even if the detailed programmatic impact is not explicitly outlined in the provided data.
Overall, Jacobs Well Ministries Inc. appears to be a small, fiscally conservative organization with a stable financial history and no apparent debt. Its reliance on volunteer leadership likely contributes to its ability to operate within its modest revenue streams.