Jack Adjmi And Family Foundation Inc
Jack Adjmi And Family Foundation Inc shows fluctuating multi-million dollar finances with zero reported officer compensation.
EIN: 133202295 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $4.5M |
| Program Spending | 90% |
| Net Assets | $520K |
| Transparency Score | 85/100 |
Is Jack Adjmi And Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jack Adjmi And Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jack Adjmi And Family Foundation Inc
Jack Adjmi And Family Foundation Inc (EIN: 133202295) is a nonprofit organization based in New York, NY. The organization reported total revenue of $3.9M and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jack Adjmi And Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jack Adjmi And Family Foundation Inc is a mid-size nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-1,805,194 |
| Total Assets | $520K |
| Total Liabilities | $1 |
| Net Assets | $520K |
| Operating Margin | -67.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.4 months |
Financial Health Grade: C
In 2023, Jack Adjmi And Family Foundation Inc reported a deficit of $1.8M with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Jack Adjmi And Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.2% | -30.1% | -77.6% |
| 2022 | -24.3% | +18.9% | -15.5% |
| 2021 | +113.7% | +50.2% | +1060.1% |
| 2020 | -15.1% | -24.3% | +85.4% |
| 2019 | +1.7% | +19.6% | -88.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Jack Adjmi And Family Foundation Inc with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Jack Adjmi And Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $1.8M, 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 officers are either uncompensated or compensated through an entity not reported on the 990, which is highly favorable for a foundation of this size.
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 Jack Adjmi And Family Foundation Inc's IRS 990 filings:
- Significant deficits in recent years (e.g., 2023 expenses $4.48M vs. revenue $2.68M)
- High variability in assets without clear explanation in summary data
- NTEE code is unknown, limiting understanding of specific mission area
Strengths
The following positive indicators were identified for Jack Adjmi And Family Foundation Inc:
- Consistent multi-million dollar revenue and expenses, indicating significant philanthropic activity
- Zero reported officer compensation across all filings, suggesting low administrative overhead for leadership
- Long filing history (10 filings) demonstrates sustained operation
Frequently Asked Questions about Jack Adjmi And Family Foundation Inc
Is Jack Adjmi And Family Foundation Inc a legitimate charity?
Jack Adjmi And Family Foundation Inc (EIN: 133202295) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.9M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Jack Adjmi And Family Foundation Inc spend its money?
Jack Adjmi And Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Jack Adjmi And Family Foundation Inc tax-deductible?
Jack Adjmi And Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133202295). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Jack Adjmi And Family Foundation Inc located?
Jack Adjmi And Family Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133202295.
How many years of IRS 990 filings does Jack Adjmi And Family Foundation Inc have?
Jack Adjmi And Family 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 $3.9M in total revenue.
Is Jack Adjmi And Family Foundation Inc a good charity?
Based on the available data, the foundation appears to be a good charity, primarily due to its consistent multi-million dollar giving and the reported 0% officer compensation, suggesting a strong focus on program delivery rather than administrative overhead. However, without detailed expense breakdowns, a full assessment of program efficiency is limited.
Why are assets so variable year-to-year?
The significant variability in assets, such as $2,751,139 in 2021 dropping to $520,266 in 2023, could be due to large grant disbursements, investment fluctuations, or the timing of revenue recognition and expense payments. Further detail from the full 990 filing would be needed to understand the specific causes.
What is the primary purpose of this foundation?
While the NTEE code is unknown, the consistent pattern of multi-million dollar expenses suggests significant grant-making or direct charitable activities. The 'Family Foundation' designation typically implies philanthropic giving to various causes.
Filing History
IRS 990 filing history for Jack Adjmi And Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jack Adjmi And Family Foundation Inc's revenue has grown by 23%, moving from $2.2M to $2.7M. Total assets increased by 138.1% over the same period, from $219K to $520K. Total functional expenses rose by 112%, from $2.1M to $4.5M. In its most recent filing year (2023), Jack Adjmi And Family Foundation Inc reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $1 in liabilities against $520K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $520K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $4.5M | $520K | $1 | — | View 990 |
| 2022 | $6.0M | $6.4M | $2.3M | $1 | — | View 990 |
| 2021 | $7.9M | $5.4M | $2.8M | $1 | — | View 990 |
| 2020 | $3.7M | $3.6M | $237K | $1 | — | View 990 |
| 2019 | $4.4M | $4.7M | $128K | $0 | — | View 990 |
| 2015 | $4.3M | $4.0M | $1.1M | $0 | — | View 990 |
| 2014 | $4.5M | $3.8M | $755K | $0 | — | View 990 |
| 2013 | $3.8M | $3.8M | $170K | $0 | — | View 990 |
| 2012 | $2.6M | $2.6M | $192K | $0 | — | View 990 |
| 2011 | $2.2M | $2.1M | $219K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $4.5M, and assets of $520K (revenue -55.2% year-over-year).
- 2022: Revenue of $6.0M, expenses of $6.4M, and assets of $2.3M (revenue -24.3% year-over-year).
- 2021: Revenue of $7.9M, expenses of $5.4M, and assets of $2.8M (revenue +113.7% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.6M, and assets of $237K (revenue -15.1% year-over-year).
- 2019: Revenue of $4.4M, expenses of $4.7M, and assets of $128K (revenue +1.7% year-over-year).
- 2015: Revenue of $4.3M, expenses of $4.0M, and assets of $1.1M (revenue -4.2% year-over-year).
- 2014: Revenue of $4.5M, expenses of $3.8M, and assets of $755K (revenue +19.4% year-over-year).
- 2013: Revenue of $3.8M, expenses of $3.8M, and assets of $170K (revenue +46.5% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.6M, and assets of $192K (revenue +17.5% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.1M, and assets of $219K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jack Adjmi And Family Foundation Inc:
Data Sources and Methodology
This transparency report for Jack Adjmi And Family 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.