F & J Foundation Inc
F & J Foundation Inc. consistently spends significantly more than it earns, depleting its asset base.
EIN: 203750796 · Mt Pleasant, SC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7K |
| Total Expenses | $201K |
| Net Assets | $249K |
| Transparency Score | 30/100 |
Is F & J Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About F & J Foundation Inc
F & J Foundation Inc (EIN: 203750796) is a nonprofit organization based in Mt Pleasant, SC, classified under NTEE code T20. The organization reported total revenue of $7K and total assets of $194K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of F & J Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
F & J Foundation Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -20.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $201K |
| Surplus / Deficit | $-193,138 |
| Total Assets | $249K |
| Total Liabilities | $1 |
| Net Assets | $249K |
| Operating Margin | -2347.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 14.8 months |
Financial Health Grade: B
In 2023, F & J Foundation Inc reported a deficit of $193K with expenses exceeding revenue, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), F & J Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -20.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.4% | -13.0% | -42.6% |
| 2022 | -13.0% | -0.1% | -31.9% |
| 2021 | -65.1% | -0.2% | -19.3% |
| 2020 | -72.0% | +1.7% | -14.2% |
| 2019 | +580.6% | +262.1% | -10.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 F & J Foundation Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, F & J Foundation Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $193K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors received compensation from the organization, which is a positive for 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 F & J Foundation Inc's IRS 990 filings:
- Consistent and significant operating deficits (expenses far exceeding revenue)
- Rapid depletion of assets over time (e.g., $1M in 2015 to $248K in 2023)
- Lack of detailed expense breakdown to assess program efficiency
Strengths
The following positive indicators were identified for F & J Foundation Inc:
- No officer compensation reported, indicating volunteer leadership or external funding for salaries
- Consistent filing history with the IRS
Frequently Asked Questions about F & J Foundation Inc
Is F & J Foundation Inc a legitimate charity?
F & J Foundation Inc (EIN: 203750796) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 30/100. It has 10 years of IRS 990 filings on record. Total revenue: $7K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does F & J Foundation Inc spend its money?
F & J Foundation Inc reported $7K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to F & J Foundation Inc tax-deductible?
F & J Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203750796). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does F & J Foundation Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), F & J Foundation Inc is below average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is F & J Foundation Inc located?
F & J Foundation Inc is headquartered in Mt Pleasant, South Carolina and files with the IRS under EIN 203750796. It is classified under NTEE code T20.
How many years of IRS 990 filings does F & J Foundation Inc have?
F & J Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7K in total revenue.
Is F & J Foundation Inc. financially sustainable?
Based on the provided data, the F & J Foundation Inc. is not financially sustainable. Its expenses have consistently and significantly outpaced its revenue for many years, leading to a substantial depletion of its assets. For example, in 2023, expenses were $201,364 while revenue was only $8,226.
What is the primary reason for the decline in assets?
The primary reason for the decline in assets is the consistent operating deficit, where annual expenses far exceed annual revenue. This forces the organization to draw from its existing asset base to cover costs, as seen by assets decreasing from over $1 million in 2015 to $248,792 in 2023.
Does the organization pay its officers?
No, the organization reports 0% officer compensation in all available filings, indicating that its officers do not receive salaries from the foundation.
Filing History
IRS 990 filing history for F & J Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), F & J Foundation Inc's revenue has declined by 93.8%, moving from $133K to $8K. Total assets decreased by 72.1% over the same period, from $893K to $249K. Total functional expenses rose by 248.7%, from $58K to $201K. In its most recent filing year (2023), F & J Foundation Inc reported a deficit of $193K, with expenses exceeding revenue. The organization holds $1 in liabilities against $249K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $249K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $201K | $249K | $1 | — | — |
| 2022 | $15K | $231K | $434K | $1 | — | — |
| 2021 | $17K | $232K | $637K | $1 | — | — |
| 2020 | $48K | $232K | $789K | $1 | — | — |
| 2019 | $171K | $228K | $920K | $1 | — | — |
| 2015 | $25K | $63K | $1.0M | $0 | — | View 990 |
| 2014 | $135K | $57K | $1.1M | $0 | — | View 990 |
| 2013 | $141K | $67K | $984K | $0 | — | View 990 |
| 2012 | $78K | $61K | $910K | $0 | — | View 990 |
| 2011 | $133K | $58K | $893K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $201K, and assets of $249K (revenue -43.4% year-over-year).
- 2022: Revenue of $15K, expenses of $231K, and assets of $434K (revenue -13.0% year-over-year).
- 2021: Revenue of $17K, expenses of $232K, and assets of $637K (revenue -65.1% year-over-year).
- 2020: Revenue of $48K, expenses of $232K, and assets of $789K (revenue -72.0% year-over-year).
- 2019: Revenue of $171K, expenses of $228K, and assets of $920K (revenue +580.6% year-over-year).
- 2015: Revenue of $25K, expenses of $63K, and assets of $1.0M (revenue -81.4% year-over-year).
- 2014: Revenue of $135K, expenses of $57K, and assets of $1.1M (revenue -3.8% year-over-year).
- 2013: Revenue of $141K, expenses of $67K, and assets of $984K (revenue +79.2% year-over-year).
- 2012: Revenue of $78K, expenses of $61K, and assets of $910K (revenue -40.9% year-over-year).
- 2011: Revenue of $133K, expenses of $58K, and assets of $893K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for F & J Foundation Inc:
Data Sources and Methodology
This transparency report for F & J Foundation Inc 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.