Is Jung Family Charitable Foundation Legit?

Quick charity verification for Jung Family Charitable Foundation (EIN: 203578181)

Verdict: Jung Family Charitable Foundation appears trustworthy

75/100Mission Score

$2.3MRevenue

$196KAssets

2Red Flags

3Strengths

Red Flags

Significant discrepancy between 'Latest Revenue' and most recent filing's revenue, requiring clarification.
Negative revenue reported in multiple years, indicating potential investment losses or unusual financial events.

Strengths

Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
Very low liabilities ($1) across all reported periods, demonstrating strong financial stability.
Stable asset base, generally maintained between $190,000 and $245,000, suggesting prudent financial management of its endowment.

Spending Breakdown

How Jung Family Charitable Foundation allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Jung Family Charitable Foundation

Is Jung Family Charitable Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Jung Family Charitable Foundation (EIN: 203578181) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Jung Family Charitable Foundation a good charity to donate to?

Jung Family Charitable Foundation has a Mission Score of 75/100. Revenue: $2.3M. Assets: $196K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Jung Family Charitable Foundation?

The Employer Identification Number (EIN) for Jung Family Charitable Foundation is 203578181. 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 Jung Family Charitable Foundation spend its money?

Jung Family Charitable Foundation allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Jung Family Charitable Foundation's tax-exempt status?

You can verify Jung Family Charitable Foundation's tax-exempt status using EIN 203578181 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 Jung Family Charitable Foundation appears to be a small, private foundation with a consistent pattern of modest revenue and expenses over the past decade. The latest reported revenue of $2,338,172 is an anomaly compared to previous years, which typically show revenue in the range of -$22,071 to $31,407. This significant jump in revenue for the latest period (not detailed in the provided filing history, which shows $20,854 for 202312) warrants further investigation to understand its source and impact on the foundation's operations. The foundation consistently reports very low liabilities ($1), indicating a strong balance sheet in terms of debt. Given its nature as a charitable foundation, the primary focus would be on its grant-making activities, which are not explicitly detailed in the provided summary but would fall under program spending.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, with total expenses typically ranging from $11,355 to $16,630 in most years, and no officer compensation reported, the operational overhead appears to be minimal. The foundation's assets have fluctuated, generally staying within the $190,000 to $245,000 range, suggesting a stable, albeit not rapidly growing, endowment. The absence of officer compensation is a positive indicator for efficiency, as it means a larger portion of funds can potentially go towards charitable purposes.

Transparency is generally good given the availability of 990 filings. However, the lack of detailed expense categories (program, admin, fundraising) in the provided data makes a granular assessment of spending efficiency challenging. The significant discrepancy between the 'Latest Revenue' ($2,338,172) and the '202312 Revenue' ($20,854) in the filing history is a point that needs clarification for a complete understanding of the foundation's current financial standing and transparency.

View Full Transparency Report →

Disclaimer

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