George And Karen James Familyfoundation Inc
George And Karen James Familyfoundation Inc consistently reports zero officer compensation while managing fluctuating revenues and expenses.
EIN: 205020427 · Greenwich, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $183K |
| Total Expenses | $162K |
| Program Spending | 85% |
| Net Assets | $392K |
| Transparency Score | 80/100 |
Is George And Karen James Familyfoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George And Karen James Familyfoundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George And Karen James Familyfoundation Inc
George And Karen James Familyfoundation Inc (EIN: 205020427) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T22. The organization reported total revenue of $183K and total assets of $484K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George And Karen James Familyfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George And Karen James Familyfoundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33K |
| Total Expenses | $162K |
| Surplus / Deficit | $-128,914 |
| Total Assets | $392K |
| Total Liabilities | $1 |
| Net Assets | $392K |
| Operating Margin | -392.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 29.0 months |
Financial Health Grade: B
In 2023, George And Karen James Familyfoundation Inc reported a deficit of $129K with expenses exceeding revenue, holds 29.0 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), George And Karen James Familyfoundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.1% | +72.9% | -24.8% |
| 2022 | -83.8% | -9.5% | -11.9% |
| 2021 | +159.3% | -6.0% | +7.6% |
| 2020 | -77.7% | -55.6% | -9.0% |
| 2019 | -9.4% | -41.4% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 George And Karen James Familyfoundation Inc with a Mission Score of 80 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, George And Karen James Familyfoundation Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $129K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's officers are not compensated, which is a strong positive for financial efficiency.
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 George And Karen James Familyfoundation Inc's IRS 990 filings:
- Consistent spending exceeding revenue in recent years (e.g., 2023, 2022, 2020, 2015, 2012, 2011) without clear explanation of asset draw strategy.
- Significant decline in total assets from $767,319 in 2014 to $391,566 in 2023, which could impact long-term grant-making capacity if not managed strategically.
Strengths
The following positive indicators were identified for George And Karen James Familyfoundation Inc:
- Zero officer compensation reported across all available filings, indicating high efficiency in leadership costs.
- Consistent history of IRS 990 filings (10 filings), demonstrating good transparency and compliance.
- Minimal liabilities ($1 reported consistently), indicating strong financial stability and no significant debt burden.
- Operates as a private foundation, fulfilling its role in grant-making to support other charitable endeavors.
Frequently Asked Questions about George And Karen James Familyfoundation Inc
Is George And Karen James Familyfoundation Inc a legitimate charity?
George And Karen James Familyfoundation Inc (EIN: 205020427) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $183K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does George And Karen James Familyfoundation Inc spend its money?
George And Karen James Familyfoundation Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to George And Karen James Familyfoundation Inc tax-deductible?
George And Karen James Familyfoundation Inc is registered as a tax-exempt nonprofit (EIN: 205020427). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does George And Karen James Familyfoundation Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), George And Karen James Familyfoundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is George And Karen James Familyfoundation Inc located?
George And Karen James Familyfoundation Inc is headquartered in Greenwich, Connecticut and files with the IRS under EIN 205020427. It is classified under NTEE code T22.
How many years of IRS 990 filings does George And Karen James Familyfoundation Inc have?
George And Karen James Familyfoundation 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 $183K in total revenue.
What is the primary focus of the grants made by the George And Karen James Familyfoundation Inc?
Based on the NTEE code T22 (Private Grantmaking Foundations), the organization's primary focus is making grants to other charitable organizations. The specific areas of these grants would require reviewing the Schedule I (Grants and Other Assistance to Organizations, Governments, and Individuals in the U.S.) of their 990 forms, which is not provided in this data.
How does the foundation manage its assets given the fluctuations in revenue and expenses?
The foundation manages its assets by drawing from them when expenses exceed revenue, as seen in 2023 where $32,854 in revenue was significantly less than $161,768 in expenses. Conversely, in years like 2013, revenue ($415,560) significantly exceeded expenses ($53,720), allowing for asset growth or future grant commitments. This indicates a strategy of utilizing its endowment to fulfill its charitable mission.
Is the foundation's declining asset trend a concern?
The foundation's assets have declined from a high of $767,319 in 2014 to $391,566 in 2023. While a decline, this is not necessarily a red flag for a private foundation, as assets are intended to be distributed for charitable purposes. It suggests significant grant-making activity or investment losses. Further analysis would require examining investment returns and grant distributions.
Filing History
IRS 990 filing history for George And Karen James Familyfoundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), George And Karen James Familyfoundation Inc's revenue has declined by 48.9%, moving from $64K to $33K. Total assets increased by 17.2% over the same period, from $334K to $392K. Total functional expenses rose by 54.8%, from $104K to $162K. In its most recent filing year (2023), George And Karen James Familyfoundation Inc reported a deficit of $129K, with expenses exceeding revenue. The organization holds $1 in liabilities against $392K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $392K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33K | $162K | $392K | $1 | — | View 990 |
| 2022 | $23K | $94K | $520K | $1 | — | View 990 |
| 2021 | $145K | $103K | $591K | $1 | — | View 990 |
| 2020 | $56K | $110K | $549K | $1 | — | — |
| 2019 | $251K | $248K | $603K | $1 | — | View 990 |
| 2015 | $277K | $423K | $621K | $1 | — | View 990 |
| 2014 | $309K | $177K | $767K | $1 | — | View 990 |
| 2013 | $416K | $54K | $635K | $1 | — | View 990 |
| 2012 | $52K | $112K | $274K | $1 | — | View 990 |
| 2011 | $64K | $104K | $334K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33K, expenses of $162K, and assets of $392K (revenue +40.1% year-over-year).
- 2022: Revenue of $23K, expenses of $94K, and assets of $520K (revenue -83.8% year-over-year).
- 2021: Revenue of $145K, expenses of $103K, and assets of $591K (revenue +159.3% year-over-year).
- 2020: Revenue of $56K, expenses of $110K, and assets of $549K (revenue -77.7% year-over-year).
- 2019: Revenue of $251K, expenses of $248K, and assets of $603K (revenue -9.4% year-over-year).
- 2015: Revenue of $277K, expenses of $423K, and assets of $621K (revenue -10.4% year-over-year).
- 2014: Revenue of $309K, expenses of $177K, and assets of $767K (revenue -25.7% year-over-year).
- 2013: Revenue of $416K, expenses of $54K, and assets of $635K (revenue +706.9% year-over-year).
- 2012: Revenue of $52K, expenses of $112K, and assets of $274K (revenue -19.9% year-over-year).
- 2011: Revenue of $64K, expenses of $104K, and assets of $334K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George And Karen James Familyfoundation Inc:
Data Sources and Methodology
This transparency report for George And Karen James Familyfoundation 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.