Caroline Lott Jessen Foundation
Caroline Lott Jessen Foundation frequently spends more than it earns, relying on assets, with no reported officer compensation.
EIN: 202056562 · Conshohocken, PA · NTEE: T22 · Updated: 2026-03-28
Is Caroline Lott Jessen Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Caroline Lott Jessen Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Caroline Lott Jessen Foundation
Caroline Lott Jessen Foundation (EIN: 202056562) is a nonprofit organization based in Conshohocken, PA, classified under NTEE code T22. The organization reported total revenue of $1.0M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caroline Lott Jessen Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caroline Lott Jessen Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $243K |
| Surplus / Deficit | $-221,458 |
| Total Assets | $512K |
| Total Liabilities | $300 |
| Net Assets | $511K |
| Operating Margin | -1024.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 25.3 months |
Financial Health Grade: B
In 2023, Caroline Lott Jessen Foundation reported a deficit of $221K with expenses exceeding revenue, holds 25.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Caroline Lott Jessen Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +330.4% | +17.3% | -30.2% |
| 2022 | -99.3% | -1.2% | -21.6% |
| 2021 | +4361.0% | -12.8% | +117.5% |
| 2020 | -96.8% | +27.8% | -34.3% |
| 2019 | +7341.5% | +36.1% | +36.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Caroline Lott Jessen Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Caroline Lott Jessen Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $221K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for donor perception and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Caroline Lott Jessen Foundation's IRS 990 filings:
- Frequent operating deficits (expenses exceeding revenue), such as $243,072 in expenses vs. $21,614 in revenue in 2023.
- Highly inconsistent revenue streams, making financial planning and sustainability challenging.
- Significant decrease in assets from $935,747 in 2021 to $511,643 in 2023.
Strengths
The following positive indicators were identified for Caroline Lott Jessen Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Low liabilities across all reported periods, suggesting good financial management regarding debt.
- Long operating history with 10 filings, indicating established presence.
Frequently Asked Questions about Caroline Lott Jessen Foundation
Is Caroline Lott Jessen Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Caroline Lott Jessen Foundation (EIN: 202056562) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Caroline Lott Jessen Foundation spend its money?
Caroline Lott Jessen Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Caroline Lott Jessen Foundation tax-deductible?
Caroline Lott Jessen Foundation is registered as a tax-exempt nonprofit (EIN: 202056562). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Caroline Lott Jessen Foundation sustain its operations given frequent revenue deficits?
The foundation frequently reports expenses exceeding revenue, such as $243,072 in expenses against $21,614 in revenue in 2023. This suggests it relies on its asset base, which was $511,643 in 2023, or prior year surpluses to cover operational costs.
What is the primary source of the foundation's revenue?
The provided data shows highly variable revenue, from $3,290 in 2012 to $715,591 in 2021. Without detailed breakdowns in the provided data, it's difficult to pinpoint a consistent primary source, but such fluctuations often indicate reliance on grants, investments, or large individual contributions rather than consistent program service revenue.
Is the foundation's asset base growing or shrinking?
The foundation's assets have fluctuated significantly, peaking at $935,747 in 2021 and then decreasing to $511,643 by 2023. This indicates a recent trend of asset reduction, likely due to spending exceeding revenue.
Filing History
IRS 990 filing history for Caroline Lott Jessen Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Caroline Lott Jessen Foundation's revenue has grown by 390.1%, moving from $4K to $22K. Total assets decreased by 9.3% over the same period, from $564K to $512K. Total functional expenses fell by 12.8%, from $279K to $243K. In its most recent filing year (2023), Caroline Lott Jessen Foundation reported a deficit of $221K, with expenses exceeding revenue. The organization holds $300 in liabilities against $512K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $511K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22K | $243K | $512K | $300 | — | — |
| 2022 | $5K | $207K | $733K | $93 | — | View 990 |
| 2021 | $716K | $210K | $936K | $217 | — | View 990 |
| 2020 | $16K | $241K | $430K | $1 | — | — |
| 2019 | $497K | $188K | $655K | $143 | — | View 990 |
| 2015 | $7K | $138K | $480K | $60 | — | View 990 |
| 2014 | $505K | $233K | $611K | $51 | — | View 990 |
| 2013 | $156K | $294K | $340K | $59 | — | View 990 |
| 2012 | $3K | $90K | $477K | $64 | — | View 990 |
| 2011 | $4K | $279K | $564K | $43 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22K, expenses of $243K, and assets of $512K (revenue +330.4% year-over-year).
- 2022: Revenue of $5K, expenses of $207K, and assets of $733K (revenue -99.3% year-over-year).
- 2021: Revenue of $716K, expenses of $210K, and assets of $936K (revenue +4361.0% year-over-year).
- 2020: Revenue of $16K, expenses of $241K, and assets of $430K (revenue -96.8% year-over-year).
- 2019: Revenue of $497K, expenses of $188K, and assets of $655K (revenue +7341.5% year-over-year).
- 2015: Revenue of $7K, expenses of $138K, and assets of $480K (revenue -98.7% year-over-year).
- 2014: Revenue of $505K, expenses of $233K, and assets of $611K (revenue +223.2% year-over-year).
- 2013: Revenue of $156K, expenses of $294K, and assets of $340K (revenue +4653.0% year-over-year).
- 2012: Revenue of $3K, expenses of $90K, and assets of $477K (revenue -25.4% year-over-year).
- 2011: Revenue of $4K, expenses of $279K, and assets of $564K.
Data Sources and Methodology
This transparency report for Caroline Lott Jessen Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.