Is William Josef Foundation Inc Legit?

Quick charity verification for William Josef Foundation Inc (EIN: 208075941)

Verdict: William Josef Foundation Inc appears trustworthy

85/100Mission Score

$37.1MRevenue

$53.9MAssets

3Red Flags

3Strengths

Red Flags

Significant revenue volatility, including negative revenue in 2022.
Expenses consistently exceeding revenue in recent years (e.g., 2023 expenses $3.5M vs. revenue $1M).
Unusually low and consistent $1 liability reported across multiple years.

Strengths

Consistent 0% officer compensation, indicating high efficiency and transparency in executive pay.
Substantial and growing asset base ($53,867,872 latest assets).
Long history of IRS 990 filings (10 filings), indicating consistent compliance and transparency.

Spending Breakdown

How William Josef Foundation 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

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 William Josef Foundation Inc

Is William Josef Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, William Josef Foundation Inc (EIN: 208075941) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.

Is William Josef Foundation Inc a good charity to donate to?

William Josef Foundation Inc has a Mission Score of 85/100. Revenue: $37.1M. Assets: $53.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for William Josef Foundation Inc?

The Employer Identification Number (EIN) for William Josef Foundation Inc is 208075941. 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 William Josef Foundation Inc spend its money?

William Josef Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify William Josef Foundation Inc's tax-exempt status?

You can verify William Josef Foundation Inc's tax-exempt status using EIN 208075941 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 William Josef Foundation Inc. demonstrates a fluctuating financial performance over the past decade, with significant swings in annual revenue. For instance, revenue dropped from $14,170,460 in 2021 to a negative $1,778,503 in 2022, before recovering to $1,018,425 in 2023. Despite these revenue fluctuations, the organization consistently reports minimal liabilities ($1 in recent years) and a healthy asset base, reaching $53,867,872 in total assets. The foundation's expenses have generally increased over time, from $290,377 in 2011 to $3,503,689 in 2023, indicating growth in operational scale. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests a high degree of financial transparency regarding executive pay and potentially a volunteer-driven leadership model.

While the organization's assets have grown substantially, the recent trend of expenses exceeding revenue, particularly in 2022 and 2023 where expenses were $3,380,548 and $3,503,689 respectively against revenues of $-1,778,503 and $1,018,425, raises questions about long-term financial sustainability if this trend continues without significant revenue growth. The consistent reporting of $1 in liabilities across multiple years is unusual and could indicate a specific accounting practice or a very low-risk financial structure. The absence of officer compensation is a strong positive for transparency and efficiency, as it means more funds are available for programmatic activities.

Overall, the William Josef Foundation appears to be well-managed in terms of asset growth and low liabilities, with a commendable stance on executive compensation. However, the volatility in revenue and recent deficits (expenses exceeding revenue) warrant closer scrutiny to ensure the organization's financial health remains robust for its mission. The NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) aligns with its operational profile, suggesting its primary activities involve grantmaking or supporting other nonprofits.

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Disclaimer

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