Quick charity verification for Jfm No 2 Corp (EIN: 208204522)
Verdict: Jfm No 2 Corp shows mixed signals
65/100Mission Score
$130KRevenue
$1.2MAssets
3Red Flags
3Strengths
Red Flags
Consistent net losses, with expenses exceeding revenue in most reported periods (e.g., $144,947 expenses vs. $123,096 revenue in 202403).
Gradual decline in total assets over time, from $1,551,925 in 201506 to $1,171,419 in 202403, indicating reliance on reserves.
Lack of detailed expense breakdown in the provided data, making it difficult to assess program efficiency and administrative overhead.
Strengths
No reported officer compensation across all filings, suggesting low administrative overhead related to executive salaries.
Substantial asset base of over $1.1 million, providing a buffer despite consistent net losses.
Consistent revenue generation, with an upward trend in recent years (e.g., from $80,147 in 201903 to $123,096 in 202403).
Spending Breakdown
How Jfm No 2 Corp allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Jfm No 2 Corp
Is Jfm No 2 Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Jfm No 2 Corp (EIN: 208204522) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Jfm No 2 Corp a good charity to donate to?
Jfm No 2 Corp has a Mission Score of 65/100. Revenue: $130K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jfm No 2 Corp?
The Employer Identification Number (EIN) for Jfm No 2 Corp is 208204522. 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 Jfm No 2 Corp spend its money?
Jfm No 2 Corp allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jfm No 2 Corp's tax-exempt status?
You can verify Jfm No 2 Corp's tax-exempt status using EIN 208204522 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
Jfm No 2 Corp demonstrates consistent financial activity, with revenues generally increasing over the past several years, reaching $123,096 in the latest filing period (202403). However, the organization has consistently reported expenses exceeding its revenue, leading to net losses in most periods. For instance, in 202403, expenses were $144,947 against $123,096 in revenue. This trend suggests that the organization may be drawing down on its assets or relying on prior period surpluses to cover operational costs, as total assets have seen a gradual decline from $1,551,925 in 201506 to $1,171,419 in 202403.
The organization's financial health is stable in terms of asset base, which remains substantial at over $1.1 million. The absence of reported officer compensation across all filings indicates a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive sign for donor confidence regarding administrative overhead. However, without a detailed breakdown of expenses beyond total figures, it's challenging to fully assess spending efficiency, particularly the allocation between program services, administration, and fundraising. The consistent net losses, while not immediately critical given the asset base, warrant closer examination to ensure long-term sustainability.