Quick charity verification for Jmp Foundation Inc (EIN: 203462159)
Verdict: Jmp Foundation Inc appears trustworthy
75/100Mission Score
$1.5MRevenue
$6.4MAssets
3Red Flags
3Strengths
Red Flags
Consistent deficit spending in multiple years (e.g., 2023 expenses $765,431 vs. revenue $274,185)
Declining asset base over the long term (from $9.9M in 2014 to $6.9M in 2023)
Highly volatile annual revenue, indicating potential unpredictability in funding.
Strengths
Zero officer compensation reported, indicating high efficiency in leadership costs.
Maintains a substantial asset base ($6,980,109 in 2023) providing financial stability.
Minimal liabilities ($1 in most periods) indicating low debt and good financial management.
Spending Breakdown
How Jmp Foundation Inc 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 Jmp Foundation Inc
Is Jmp Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jmp Foundation Inc (EIN: 203462159) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Jmp Foundation Inc a good charity to donate to?
Jmp Foundation Inc has a Mission Score of 75/100. Revenue: $1.5M. Assets: $6.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jmp Foundation Inc?
The Employer Identification Number (EIN) for Jmp Foundation Inc is 203462159. 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 Jmp Foundation Inc spend its money?
Jmp Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jmp Foundation Inc's tax-exempt status?
You can verify Jmp Foundation Inc's tax-exempt status using EIN 203462159 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
Jmp Foundation Inc. demonstrates a generally stable financial position with significant assets, though recent years show a trend of expenses exceeding revenue. In 2023, expenses were $765,431 against revenue of $274,185, indicating a substantial deficit. This pattern is also visible in 2021 ($1,278,152 expenses vs. $931,249 revenue) and 2019 ($1,325,631 expenses vs. $48,360 revenue). While the organization maintains a healthy asset base of $6,980,109 in 2023, this consistent spending beyond income could be a concern if not supported by planned drawdowns from reserves or future funding. The organization reports 0% officer compensation across all available filings, which is a strong indicator of transparency and efficient use of funds in this area.
The foundation's NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity is grantmaking. Without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency between program, administrative, and fundraising costs. However, the consistent lack of officer compensation is a positive sign regarding overhead. The minimal liabilities reported ($1 in most periods) also points to sound financial management and low debt risk. The significant fluctuation in annual revenue, from a low of $48,360 in 2019 to a high of $1,392,980 in 2020, suggests reliance on variable funding sources, which could impact long-term financial predictability.