Is Jayne And Leonard Abess Foundation Inc…

Quick charity verification for Jayne And Leonard Abess Foundation Inc (EIN: 200052304)

Strengths

Consistent asset growth, increasing from $6.2M in 2011 to $11.1M in 2023.
Minimal liabilities, consistently reported as $1, indicating strong financial stability.
No reported officer compensation across all filings, suggesting highly efficient leadership costs.
Expenses consistently well below revenue, allowing for sustained philanthropic activity and asset accumulation.
Long history of IRS 990 filings (10 filings), demonstrating commitment to transparency and compliance.

Spending Breakdown

How Jayne And Leonard Abess Foundation 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

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 Jayne And Leonard Abess Foundation Inc

Is Jayne And Leonard Abess Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Jayne And Leonard Abess Foundation Inc (EIN: 200052304) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Jayne And Leonard Abess Foundation Inc a good charity to donate to?

Jayne And Leonard Abess Foundation Inc has a Mission Score of 92/100. Revenue: $3.5M. Assets: $11.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Jayne And Leonard Abess Foundation Inc?

The Employer Identification Number (EIN) for Jayne And Leonard Abess Foundation Inc is 200052304. 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 Jayne And Leonard Abess Foundation Inc spend its money?

Jayne And Leonard Abess Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Jayne And Leonard Abess Foundation Inc's tax-exempt status?

You can verify Jayne And Leonard Abess Foundation Inc's tax-exempt status using EIN 200052304 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 Jayne And Leonard Abess Foundation Inc demonstrates consistent financial health, primarily operating as a grant-making private foundation. Its assets have shown steady growth over the past decade, increasing from $6,211,631 in 2011 to $11,134,246 in 2023. The foundation consistently maintains minimal liabilities, often reported as $1, indicating a very strong balance sheet and low financial risk. Spending efficiency is high, as the organization's expenses are consistently well below its revenue, allowing for asset accumulation and sustained grant-making capacity. For instance, in 2023, expenses were $694,800 against revenues of $1,146,952.

As a private foundation, its primary function is to distribute grants, which inherently means a high proportion of its spending is directed towards program services (grants). The absence of reported officer compensation across all filings suggests that the foundation's leadership may be unpaid or compensated through other means not captured in this specific line item, which can contribute to lower administrative overhead. The consistent filing of IRS Form 990s over a long period (10 filings) indicates a commitment to regulatory compliance and transparency.

However, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely determine the exact percentages allocated to program services versus administrative costs. Given its nature as a grant-making foundation, it's reasonable to infer that the vast majority of its expenses are program-related (grants paid). The foundation's financial stability and consistent asset growth position it well for long-term philanthropic impact.

Is Jayne And Leonard Abess Foundation Inc Legit?

Verdict: Jayne And Leonard Abess Foundation Inc appears trustworthy

Red Flags