Quick charity verification for Joe Beasley Memorial Foundation Inc (EIN: 10649656)
Verdict: Joe Beasley Memorial Foundation Inc shows mixed signals
50/100Mission Score
$11Revenue
$244KAssets
2Red Flags
3Strengths
Red Flags
Extremely low operational revenue and expenses relative to assets, raising questions about active program impact.
Latest reported revenue of $11 is exceptionally low, suggesting minimal financial activity.
Strengths
Consistent 0% officer compensation, indicating no executive salary burden.
Stable asset base of over $244,000 with no reported liabilities in recent years, demonstrating financial stability.
Consistent IRS 990 filing history, indicating transparency in reporting.
Spending Breakdown
How Joe Beasley Memorial Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Joe Beasley Memorial Foundation Inc
Is Joe Beasley Memorial Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Joe Beasley Memorial Foundation Inc (EIN: 10649656) shows mixed signals. Mission Score: 50/100. 2 red flags identified, 3 strengths noted.
Is Joe Beasley Memorial Foundation Inc a good charity to donate to?
Joe Beasley Memorial Foundation Inc has a Mission Score of 50/100. Revenue: $11. Assets: $244K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Joe Beasley Memorial Foundation Inc?
The Employer Identification Number (EIN) for Joe Beasley Memorial Foundation Inc is 10649656. 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 Joe Beasley Memorial Foundation Inc spend its money?
Joe Beasley Memorial Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Joe Beasley Memorial Foundation Inc's tax-exempt status?
You can verify Joe Beasley Memorial Foundation Inc's tax-exempt status using EIN 10649656 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 Joe Beasley Memorial Foundation Inc appears to be a very small organization with minimal financial activity. In its latest filing (202312), it reported only $2,076 in revenue and $2,044 in expenses, indicating a near break-even operation. Over the past decade, annual revenues have consistently been below $10,000, with the latest reported revenue being just $11. Despite the low operational figures, the organization maintains a substantial asset base, with $244,484 in assets as of the latest data, and no reported liabilities in recent years, suggesting financial stability in terms of its balance sheet.
However, the extremely low revenue and expense figures raise questions about the scale and impact of its programs. While the organization reports 0% officer compensation, which is a positive for efficiency, the overall financial activity is so minimal that it's difficult to assess significant program spending efficiency. The consistent asset base with negligible operational income suggests the foundation might primarily function as a holding entity for its assets rather than an active grant-making or program-delivering charity. Transparency is good in terms of filing its 990s, but the lack of significant financial movement makes a detailed analysis of spending efficiency challenging.