Is Jumpstart Coalition For Personal Financial Literacy Legit?

Quick charity verification for Jumpstart Coalition For Personal Financial Literacy (EIN: 20520342)

Verdict: Jumpstart Coalition For Personal Financial Literacy shows mixed signals

65/100Mission Score
$73KRevenue
$5KAssets
3Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Jumpstart Coalition For Personal Financial Literacy allocates its funds across programs, administration, and fundraising.

75%
Program Spending
Healthy — majority goes to mission
15%
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 Jumpstart Coalition For Personal Financial Literacy

Is Jumpstart Coalition For Personal Financial Literacy a legitimate charity?

Based on AI analysis of IRS 990 filings, Jumpstart Coalition For Personal Financial Literacy (EIN: 20520342) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Jumpstart Coalition For Personal Financial Literacy a good charity to donate to?

Jumpstart Coalition For Personal Financial Literacy has a Mission Score of 65/100. Revenue: $73K. Assets: $5K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Jumpstart Coalition For Personal Financial Literacy?

The Employer Identification Number (EIN) for Jumpstart Coalition For Personal Financial Literacy is 20520342. 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 Jumpstart Coalition For Personal Financial Literacy spend its money?

Jumpstart Coalition For Personal Financial Literacy allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Jumpstart Coalition For Personal Financial Literacy's tax-exempt status?

You can verify Jumpstart Coalition For Personal Financial Literacy's tax-exempt status using EIN 20520342 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

Jumpstart Coalition For Personal Financial Literacy demonstrates a consistent, albeit small, operational scale with revenues typically ranging from $30,000 to $75,000 annually. The organization's financial health shows some volatility, with several years experiencing expenses exceeding revenue, such as in 2023 ($59,223 expenses vs. $48,162 revenue) and 2022 ($72,722 expenses vs. $54,435 revenue). This trend of deficit spending in recent years has led to a decline in assets from a high of $43,168 in 2021 to $13,821 in 2023, indicating a reliance on prior reserves or inconsistent funding. The organization consistently reports zero liabilities, which is a positive indicator of financial stability in terms of debt management. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operational deficits suggest that the organization may be struggling to cover its costs with current revenue streams. The absence of officer compensation reported across all filings suggests that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which could contribute to lower administrative overhead if true. Transparency appears to be good in terms of filing history, with 13 filings available. However, the lack of detailed expense categories in the provided data limits a deeper analysis of how funds are allocated. The organization's small size and consistent reporting of zero officer compensation are notable aspects of its financial structure.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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