Quick charity verification for Jeremiah Foundation Inc (EIN: 203553034)
Verdict: Jeremiah Foundation Inc appears trustworthy
90/100Mission Score
$486KRevenue
$29KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Strong and consistent revenue growth from $69,331 in 2020 to $489,839 in 2023.
Consistent financial surplus, with expenses ($465,689 in 2023) consistently lower than revenue ($489,839 in 2023).
0% officer compensation reported across all filings, indicating high efficiency and dedication to mission.
Increasing asset base, growing from $7,580 in 2021 to $54,748 in 2023, enhancing financial stability.
Spending Breakdown
How Jeremiah Foundation 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
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 Jeremiah Foundation Inc
Is Jeremiah Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jeremiah Foundation Inc (EIN: 203553034) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Jeremiah Foundation Inc a good charity to donate to?
Jeremiah Foundation Inc has a Mission Score of 90/100. Revenue: $486K. Assets: $29K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jeremiah Foundation Inc?
The Employer Identification Number (EIN) for Jeremiah Foundation Inc is 203553034. 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 Jeremiah Foundation Inc spend its money?
Jeremiah Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jeremiah Foundation Inc's tax-exempt status?
You can verify Jeremiah Foundation Inc's tax-exempt status using EIN 203553034 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
Jeremiah Foundation Inc demonstrates a positive trend in financial growth, with revenue increasing significantly from $69,331 in 2020 to $489,839 in 2023. The organization consistently spends less than its revenue, as seen in 2023 where expenses were $465,689 against $489,839 in revenue, indicating sound financial management and an ability to build reserves. While asset growth is evident, reaching $54,748 in 2023, the organization also carries liabilities, which were $26,867 in 2023, suggesting a need to monitor debt levels relative to assets. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust.
The organization's spending efficiency appears robust, with a healthy margin between revenue and expenses. For instance, in 2023, the organization had a surplus of $24,150. This consistent surplus generation, alongside the absence of officer compensation, suggests that the majority of funds are likely allocated to program services and necessary operational costs. The growth in assets from $7,580 in 2021 to $54,748 in 2023 further supports a picture of increasing financial stability and capacity to deliver on its mission. However, without a detailed breakdown of expenses, it's challenging to precisely determine the exact program spending ratio, but the overall financial health appears to be improving steadily.