Friends Of Joshua House Foundation Inc

Is Friends Of Joshua House Foundation Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Friends Of Joshua House Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Friends Of Joshua House Foundation Inc

Friends Of Joshua House Foundation Inc (EIN: 200597719) is a nonprofit organization based in Lutz, FL, classified under NTEE code T30. The organization reported total revenue of $4.0M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Joshua House Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of Joshua House Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Friends Of Joshua House Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, suggesting that officers are either uncompensated or compensated by a related entity, which is a strong indicator of direct resource allocation to programs for an organization of its size with latest revenue of $4,023,009.

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.

Strengths

The following positive indicators were identified for Friends Of Joshua House Foundation Inc:

• Consistent revenue growth, from $484,988 in 201506 to $1,629,196 in 202306, and latest revenue of $4,023,009.
• Strong asset accumulation, growing from $1,261,727 in 201506 to $5,305,073 in 202306.
• 0% reported officer compensation across all 13 filings, indicating efficient use of funds.
• Expenses consistently lower than revenue, leading to financial surpluses.
• Regular and consistent IRS 990 filing history, demonstrating transparency and compliance.

Frequently Asked Questions about Friends Of Joshua House Foundation Inc

Filing History

IRS 990 filing history for Friends Of Joshua House Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Friends Of Joshua House Foundation Inc's revenue has grown by 341.5%, moving from $369K to $1.6M. Total assets increased by 376.8% over the same period, from $1.1M to $5.3M. Total functional expenses rose by 106.7%, from $462K to $954K. In its most recent filing year (2023), Friends Of Joshua House Foundation Inc reported a surplus of $675K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $5.3M in assets (debt-to-asset ratio: 29.0%), resulting in net assets of $3.8M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.6M, expenses of $954K, and assets of $5.3M (revenue +40.9% year-over-year).
• 2022: Revenue of $1.2M, expenses of $864K, and assets of $4.9M (revenue -37.6% year-over-year).
• 2021: Revenue of $1.9M, expenses of $1.1M, and assets of $4.7M (revenue +91.2% year-over-year).
• 2020: Revenue of $969K, expenses of $499K, and assets of $2.0M (revenue +67.1% year-over-year).
• 2019: Revenue of $580K, expenses of $521K, and assets of $1.5M (revenue -8.1% year-over-year).
• 2018: Revenue of $631K, expenses of $555K, and assets of $1.5M (revenue -2.4% year-over-year).
• 2017: Revenue of $647K, expenses of $625K, and assets of $1.3M (revenue +22.4% year-over-year).
• 2016: Revenue of $529K, expenses of $430K, and assets of $1.3M (revenue +9.0% year-over-year).
• 2015: Revenue of $485K, expenses of $420K, and assets of $1.3M (revenue -9.6% year-over-year).
• 2014: Revenue of $536K, expenses of $403K, and assets of $1.2M (revenue +10.9% year-over-year).
• 2013: Revenue of $484K, expenses of $370K, and assets of $1.1M (revenue +63.0% year-over-year).
• 2012: Revenue of $297K, expenses of $530K, and assets of $882K (revenue -19.6% year-over-year).
• 2011: Revenue of $369K, expenses of $462K, and assets of $1.1M.

Data Sources and Methodology

This transparency report for Friends Of Joshua House 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.