J Jerome Reddy Foundation Inc
J Jerome Reddy Foundation experiences extreme financial volatility with a large surplus in 2022 following a significant deficit in 2021.
EIN: 112693497 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $103K |
| Program Spending | 75% |
| Net Assets | $174K |
| Transparency Score | 55/100 |
Is J Jerome Reddy Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
J Jerome Reddy Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About J Jerome Reddy Foundation Inc
J Jerome Reddy Foundation Inc (EIN: 112693497) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $3.4M and total assets of $268K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of J Jerome Reddy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
J Jerome Reddy Foundation Inc is a mid-size nonprofit that has been operating for 32 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 35.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $103K |
| Surplus / Deficit | +$3.3M |
| Total Assets | $268K |
| Total Liabilities | $95K |
| Net Assets | $174K |
| Operating Margin | 97.0% |
| Debt-to-Asset Ratio | 35.2% |
| Months of Reserves | 31.1 months |
Financial Health Grade: A
In 2022, J Jerome Reddy Foundation Inc reported a surplus of $3.3M with revenue exceeding expenses, holds 31.1 months of operating reserves (strong position), has a debt-to-asset ratio of 35.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), J Jerome Reddy Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +3035.5% | -97.0% | -1.6% |
| 2021 | -2.3% | +3662.0% | -14.9% |
| 2020 | -0.2% | -7.4% | +8.2% |
| 2019 | +1.4% | -83.3% | +4.4% |
| 2018 | +0.2% | +598.5% | -61.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 J Jerome Reddy Foundation Inc with a Mission Score of 55 out of 100 (Fair). 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: 75%
- fundraising: 10%
According to IRS 990 filings, J Jerome Reddy Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is a positive sign for resource allocation to mission-related activities.
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 J Jerome Reddy Foundation Inc's IRS 990 filings:
- Extreme revenue and expense volatility between fiscal years, particularly the $3.4M expense in 2021 and $3.4M revenue in 2022.
- Significant liabilities ($3,420,461) reported in 2021, indicating potential financial strain.
- Unknown NTEE code, which limits understanding of the organization's specific charitable purpose.
- Lack of detailed expense breakdown in the provided data to assess spending efficiency accurately.
Strengths
The following positive indicators were identified for J Jerome Reddy Foundation Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
- Substantial revenue surplus in the latest filing period (202206) of over $3.3 million ($3,424,985 revenue - $103,462 expenses).
- Long filing history (12 filings) suggests a commitment to IRS compliance.
Frequently Asked Questions about J Jerome Reddy Foundation Inc
Is J Jerome Reddy Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, J Jerome Reddy Foundation Inc (EIN: 112693497) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does J Jerome Reddy Foundation Inc spend its money?
J Jerome Reddy Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to J Jerome Reddy Foundation Inc tax-deductible?
J Jerome Reddy Foundation Inc is registered as a tax-exempt nonprofit (EIN: 112693497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of J Jerome Reddy Foundation Inc's spending goes to programs?
J Jerome Reddy Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is J Jerome Reddy Foundation Inc located?
J Jerome Reddy Foundation Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112693497.
How many years of IRS 990 filings does J Jerome Reddy Foundation Inc have?
J Jerome Reddy Foundation Inc has 12 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 $3.4M in total revenue.
What caused the massive increase in revenue in 2022 ($3,424,985) compared to previous years (around $110,000)?
The provided data does not specify the source of this dramatic revenue increase, but it is a critical factor in understanding the organization's financial health and sustainability.
What led to the significant expenses ($3,484,103) and liabilities ($3,420,461) in 2021?
The data indicates a substantial financial outflow and debt accumulation in 2021, which would require further investigation into the nature of these expenses and liabilities.
What is the primary programmatic focus of the J Jerome Reddy Foundation Inc, given its 'Unknown' NTEE code?
Without an NTEE code or detailed program expense information, it is difficult to ascertain the specific mission and activities the organization supports.
How does the organization manage its financial volatility to ensure long-term stability?
The extreme swings in revenue and expenses suggest potential challenges in consistent financial planning and operations, warranting a deeper look into their financial management strategies.
Filing History
IRS 990 filing history for J Jerome Reddy Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), J Jerome Reddy Foundation Inc's revenue has grown by 2766.8%, moving from $119K to $3.4M. Total assets decreased by 57.7% over the same period, from $634K to $268K. Total functional expenses rose by 18.1%, from $88K to $103K. In its most recent filing year (2022), J Jerome Reddy Foundation Inc reported a surplus of $3.3M, with revenue exceeding expenses. The organization holds $95K in liabilities against $268K in assets (debt-to-asset ratio: 35.2%), resulting in net assets of $174K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.4M | $103K | $268K | $95K | — | View 990 |
| 2021 | $109K | $3.5M | $273K | $3.4M | — | View 990 |
| 2020 | $112K | $93K | $321K | $93K | — | View 990 |
| 2019 | $112K | $100K | $296K | $109K | — | View 990 |
| 2018 | $111K | $598K | $284K | $109K | — | View 990 |
| 2017 | $110K | $86K | $746K | $83K | — | View 990 |
| 2016 | $110K | $75K | $719K | $81K | — | View 990 |
| 2015 | $110K | $87K | $681K | $77K | — | View 990 |
| 2014 | $110K | $95K | $665K | $85K | — | View 990 |
| 2013 | $110K | $108K | $655K | $90K | — | View 990 |
| 2012 | $111K | $88K | $652K | $89K | — | View 990 |
| 2011 | $119K | $88K | $634K | $94K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.4M, expenses of $103K, and assets of $268K (revenue +3035.5% year-over-year).
- 2021: Revenue of $109K, expenses of $3.5M, and assets of $273K (revenue -2.3% year-over-year).
- 2020: Revenue of $112K, expenses of $93K, and assets of $321K (revenue -0.2% year-over-year).
- 2019: Revenue of $112K, expenses of $100K, and assets of $296K (revenue +1.4% year-over-year).
- 2018: Revenue of $111K, expenses of $598K, and assets of $284K (revenue +0.2% year-over-year).
- 2017: Revenue of $110K, expenses of $86K, and assets of $746K (revenue +0.1% year-over-year).
- 2016: Revenue of $110K, expenses of $75K, and assets of $719K (revenue +0.1% year-over-year).
- 2015: Revenue of $110K, expenses of $87K, and assets of $681K (revenue -0.1% year-over-year).
- 2014: Revenue of $110K, expenses of $95K, and assets of $665K (revenue -0.2% year-over-year).
- 2013: Revenue of $110K, expenses of $108K, and assets of $655K (revenue -0.5% year-over-year).
- 2012: Revenue of $111K, expenses of $88K, and assets of $652K (revenue -7.1% year-over-year).
- 2011: Revenue of $119K, expenses of $88K, and assets of $634K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for J Jerome Reddy Foundation Inc:
Data Sources and Methodology
This transparency report for J Jerome Reddy 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.