Quick charity verification for Umh Jgj Corp (EIN: 161421888)
Verdict: Umh Jgj Corp shows mixed signals
45/100Mission Score
$5.6MRevenue
$5.8MAssets
4Red Flags
1Strengths
Red Flags
Significant and consistent operating deficits (e.g., $2.8 million in 2023, $3.0 million in 2022).
Declining revenue trend from $13.3 million in 2019 to $6.4 million in 2023.
Liabilities ($8.2 million in 2023) exceeding assets ($4.9 million in 2023), indicating insolvency.
Unexplained 0% officer compensation for an organization of this size and expense level.
Strengths
Consistent filing history, indicating compliance with IRS reporting requirements.
AI Transparency Report
Umh Jgj Corp has experienced a significant decline in financial health over the past few years. Revenue has dropped from a peak of $13.3 million in 2019 to $6.4 million in 2023, while expenses have frequently exceeded revenue, leading to a negative net position. For instance, in 2023, expenses of $9.3 million far outstripped revenue of $6.4 million. The organization's liabilities have also grown substantially, reaching $8.2 million in 2023, surpassing its assets of $4.9 million, indicating a precarious financial state. The consistent reporting of 0% officer compensation suggests either a fully volunteer-run leadership or that compensation is reported under other expense categories, which could impact transparency regarding executive pay practices. Without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency, but the consistent operating deficits are a major concern.