Quick charity verification for Joe Jones Memorial Foundation (EIN: 203058952)
Verdict: Joe Jones Memorial Foundation has notable concerns
30/100Mission Score
$20Revenue
$1KAssets
3Red Flags
1Strengths
Red Flags
Significant liabilities consistently exceeding assets (e.g., $7,748 liabilities vs. $1,248 assets in 2023).
Extremely low revenue ($20 in 2023, $1 in 2022 and 2021) indicating minimal operational activity or support.
Inconsistent expense reporting, with periods of zero expenses despite some revenue, and other periods with expenses far exceeding revenue.
Strengths
Zero officer compensation reported across all filings, indicating volunteer leadership.
AI Transparency Report
The Joe Jones Memorial Foundation exhibits extremely limited financial activity, with its latest reported revenue at a mere $20 and assets at $1,248. This organization appears to be largely inactive or operating on a very minimal scale. Its liabilities consistently outweigh its assets by a significant margin, reaching $7,748 in 2023 against $1,248 in assets, indicating a precarious financial position. The consistent reporting of zero officer compensation across all filings suggests a volunteer-run structure, which is positive for efficiency in that regard, but the overall financial scale is too small to draw meaningful conclusions about spending efficiency or program impact. The organization's financial health is extremely weak given its minimal revenue and substantial liabilities relative to assets.