Quick charity verification for Jon Bon Jovi Soul Foundation (EIN: 205036346)
Verdict: Jon Bon Jovi Soul Foundation appears trustworthy
90/100Mission Score
$2.3MRevenue
$3.1MAssets
1Red Flags
3Strengths
Red Flags
Expenses exceeded revenue in multiple recent years (e.g., 2023, 2022, 2020, 2019, 2018), indicating reliance on reserves or prior year surpluses.
Strengths
Zero officer compensation reported across all filing periods, demonstrating high financial integrity and dedication to mission.
Assets consistently significantly exceed liabilities, indicating a strong balance sheet and financial resilience.
Consistent filing history (13 filings) demonstrates transparency and compliance with IRS regulations.
Spending Breakdown
How Jon Bon Jovi Soul Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Jon Bon Jovi Soul Foundation
Is Jon Bon Jovi Soul Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jon Bon Jovi Soul Foundation (EIN: 205036346) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
Is Jon Bon Jovi Soul Foundation a good charity to donate to?
Jon Bon Jovi Soul Foundation has a Mission Score of 90/100. Revenue: $2.3M. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jon Bon Jovi Soul Foundation?
The Employer Identification Number (EIN) for Jon Bon Jovi Soul Foundation is 205036346. 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 Jon Bon Jovi Soul Foundation spend its money?
Jon Bon Jovi Soul Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jon Bon Jovi Soul Foundation's tax-exempt status?
You can verify Jon Bon Jovi Soul Foundation's tax-exempt status using EIN 205036346 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 Jon Bon Jovi Soul Foundation demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific program, administrative, and fundraising expense breakdowns are not explicitly detailed in the provided summary, the organization's overall financial health appears stable, with assets consistently exceeding liabilities. For instance, in 2023, assets were $2,944,719 against liabilities of $110,087. The foundation has shown fluctuations in revenue and expenses over the years, with some periods experiencing expenses exceeding revenue (e.g., 2023, 2022, 2020, 2019, 2018), indicating reliance on prior reserves or specific fundraising campaigns to cover operational costs. However, the absence of officer compensation across all reported periods is a strong indicator of financial transparency and a focus on directing funds towards programmatic activities rather than executive salaries. Further detailed analysis of functional expenses from the full 990 filings would provide a more precise understanding of spending efficiency.