Quick charity verification for Julius Fam Foundation (EIN: 206387243)
Verdict: Julius Fam Foundation shows mixed signals
45/100Mission Score
$60KRevenue
$10KAssets
4Red Flags
3Strengths
Red Flags
Significant and recurring operating deficits (e.g., $205,025 in 2023, $11,000 in 2019, $21,399 in 2014).
Highly inconsistent revenue and expense patterns over time, indicating unpredictable financial operations.
Dramatic decrease in assets from $219,797 in 2022 to $14,772 in 2023 without clear explanation.
Lack of detailed expense breakdown in the provided data, hindering a full assessment of spending efficiency.
Strengths
Consistently reports 0% officer compensation, ensuring funds are not used for executive salaries.
Maintains minimal liabilities, indicating a lack of significant debt burden.
Consistent filing of IRS Form 990s, demonstrating a basic level of transparency.
Spending Breakdown
How Julius Fam Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Julius Fam Foundation
Is Julius Fam Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Julius Fam Foundation (EIN: 206387243) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is Julius Fam Foundation a good charity to donate to?
Julius Fam Foundation has a Mission Score of 45/100. Revenue: $60K. Assets: $10K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Julius Fam Foundation?
The Employer Identification Number (EIN) for Julius Fam Foundation is 206387243. 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 Julius Fam Foundation spend its money?
Julius Fam Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Julius Fam Foundation's tax-exempt status?
You can verify Julius Fam Foundation's tax-exempt status using EIN 206387243 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 Julius Fam Foundation exhibits inconsistent financial activity and a concerning trend of spending significantly more than its revenue in recent years. For example, in 2023, the organization reported $100,000 in revenue but incurred $305,025 in expenses, indicating a substantial deficit. This pattern is also visible in 2019 and 2014. While the organization has consistently reported zero officer compensation, which is a positive for resource allocation, the overall financial health appears precarious given the recurring deficits and fluctuating asset base. The foundation's assets have also seen significant swings, from a high of $219,797 in 2022 to $14,772 in 2023, suggesting instability in its financial position.
The lack of detailed expense breakdowns in the provided data makes it difficult to fully assess spending efficiency beyond the overall revenue-to-expense ratio. However, the consistent reporting of minimal liabilities ($1 in most years) indicates a lack of significant debt burden. The organization's transparency is moderate, as it consistently files its IRS Form 990s, but without more granular expense data, a complete picture of how funds are utilized for programs versus administrative or fundraising costs remains elusive. The dramatic drop in assets from 2022 to 2023, alongside the large deficit, warrants further investigation into the nature of its expenditures and funding sources.
Overall, while the absence of executive compensation is a positive, the foundation's financial sustainability is questionable due to its frequent and substantial operating deficits. The significant fluctuations in revenue and expenses, coupled with the decline in assets, suggest a need for more stable financial management and clearer reporting on program impact relative to its expenditures.