Quick charity verification for Jeremy Elliott Scholarship Foundation (EIN: 202885357)
Verdict: Jeremy Elliott Scholarship Foundation appears trustworthy
95/100Mission Score
$710KRevenue
$2.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
100% program spending ratio, indicating all expenses are directed to mission.
Zero officer compensation reported across all filings, maximizing funds for programs.
Consistent growth in assets, from $1,545,232 in 2020 to $2,162,064 in 2023.
Strong revenue growth, from $29,787 in 2020 to $573,944 in 2023.
Excellent financial stability with assets significantly exceeding liabilities.
Spending Breakdown
How Jeremy Elliott Scholarship Foundation allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
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 Jeremy Elliott Scholarship Foundation
Is Jeremy Elliott Scholarship Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jeremy Elliott Scholarship Foundation (EIN: 202885357) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Jeremy Elliott Scholarship Foundation a good charity to donate to?
Jeremy Elliott Scholarship Foundation has a Mission Score of 95/100. Revenue: $710K. Assets: $2.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jeremy Elliott Scholarship Foundation?
The Employer Identification Number (EIN) for Jeremy Elliott Scholarship Foundation is 202885357. 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 Jeremy Elliott Scholarship Foundation spend its money?
Jeremy Elliott Scholarship Foundation allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jeremy Elliott Scholarship Foundation's tax-exempt status?
You can verify Jeremy Elliott Scholarship Foundation's tax-exempt status using EIN 202885357 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 Jeremy Elliott Scholarship Foundation demonstrates strong financial health and a clear commitment to its programmatic mission. Over the past five years, the organization has consistently grown its assets, reaching $2,162,064 in 2023, up from $1,545,232 in 2020. Revenue has also shown a positive trend, with $573,944 in 2023, indicating robust donor support. The foundation's spending efficiency is commendable, with a significant portion of its expenses directed towards program services, as evidenced by the high program spending ratio. The consistent reporting of 0% officer compensation across all available filings highlights a strong dedication to directing funds towards the mission rather than administrative overhead.
The organization's financial management appears prudent, with assets significantly outweighing liabilities. For instance, in 2023, assets were $2,162,064 against liabilities of $13,250. This healthy balance sheet provides a stable foundation for future operations and scholarship disbursements. The consistent growth in both revenue and assets, coupled with efficient spending, suggests a well-managed and impactful organization.
Transparency is excellent, with 13 filings available and consistent reporting of key financial metrics, including zero officer compensation. This level of detail and consistency allows for a clear understanding of the foundation's financial activities and reinforces trust in its operations. The NTEE code B82 (Scholarship & Student Aid) aligns perfectly with the organization's name and implied mission, further supporting its programmatic focus.