Quick charity verification for Jacobs Well Ministries Inc (EIN: 202882773)
Verdict: Jacobs Well Ministries Inc appears trustworthy
85/100Mission Score
$2.4MRevenue
$1.6MAssets
2Red Flags
3Strengths
Red Flags
High liabilities relative to assets in recent periods (e.g., 202405: Liabilities $1,352,658 vs. Assets $1,325,947)
Consistent near break-even operations could limit ability to build reserves for future challenges or expansion.
Strengths
Consistent reporting of 0% officer compensation, indicating strong commitment to mission spending.
Steady revenue generation, averaging over $2 million annually in recent years.
Significant growth in assets over time, from $107,352 in 201705 to $1,325,947 in 202405.
Spending Breakdown
How Jacobs Well Ministries Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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: 202882773) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 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: $2.4M. Assets: $1.6M. 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 202882773. 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, 5% to administration, and 5% 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 202882773 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 a consistent operational pattern, with revenues and expenses generally in close alignment over the past several years. For instance, in the 202405 period, revenues were $2,168,515 against expenses of $2,174,195, indicating a slight deficit. This trend of near break-even operations suggests that the organization is spending most of its incoming funds on its programs and operations, rather than accumulating large reserves. The organization's assets have shown growth, from $107,352 in 201705 to $1,325,947 in 202405, which is a positive sign of increasing capacity. However, liabilities have also increased significantly, often mirroring or exceeding assets in recent years, such as $1,352,658 in liabilities against $1,325,947 in assets in 202405, which warrants closer examination to understand the nature of these obligations and their impact on long-term financial stability. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, enhancing its transparency and public trust.