Quick charity verification for Josephs Coat Inc (EIN: 201380542)
Verdict: Josephs Coat Inc appears trustworthy
92/100Mission Score
$498KRevenue
$925KAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents precise efficiency analysis.
Strengths
Consistent revenue growth, from $281,166 in 2019 to $431,407 in 2023.
Significant asset growth, from $328,316 in 2019 to $764,445 in 2023.
Zero officer compensation reported across all filing periods, indicating high resource allocation to mission.
Very low liabilities, consistently under $4,000 in recent years, demonstrating strong financial management.
Consistent surplus generation in recent years (e.g., $167,503 surplus in 2023).
Spending Breakdown
How Josephs Coat Inc 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 Josephs Coat Inc
Is Josephs Coat Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Josephs Coat Inc (EIN: 201380542) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Josephs Coat Inc a good charity to donate to?
Josephs Coat Inc has a Mission Score of 92/100. Revenue: $498K. Assets: $925K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Josephs Coat Inc?
The Employer Identification Number (EIN) for Josephs Coat Inc is 201380542. 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 Josephs Coat Inc spend its money?
Josephs Coat Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Josephs Coat Inc's tax-exempt status?
You can verify Josephs Coat Inc's tax-exempt status using EIN 201380542 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
Josephs Coat Inc demonstrates strong financial health and efficient spending based on its recent IRS 990 filings. The organization has consistently grown its revenue and assets over the past several years, with revenue increasing from $281,166 in 2019 to $431,407 in 2023, and assets growing from $328,316 to $764,445 in the same period. This indicates effective fundraising and asset management. The organization also maintains very low liabilities, consistently under $4,000 in the last three periods, suggesting sound financial management and minimal debt burden.
Spending efficiency appears high, as evidenced by the significant surplus in recent years (e.g., $431,407 revenue vs. $263,904 expenses in 2023). While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall low expense ratio relative to revenue suggests that a substantial portion of funds is available for mission-related activities or reinvestment. The consistent growth in assets further supports the idea that the organization is building capacity.
Transparency is positively impacted by the consistent filing of IRS 990 forms, with 13 filings available, demonstrating a commitment to public disclosure. The absence of officer compensation also enhances transparency and suggests that resources are directed towards the organization's mission rather than executive salaries. Overall, Josephs Coat Inc appears to be a well-managed and financially sound nonprofit.