Is Jeremiah Foundation Inc Legit?

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.