Jacobs Well Inc
Jacobs Well Inc. shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 205389152 · Greenville, IN · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $410K |
| Total Expenses | $268K |
| Program Spending | 85% |
| Net Assets | $196K |
| Transparency Score | 90/100 |
Is Jacobs Well Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jacobs Well Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jacobs Well Inc
Jacobs Well Inc (EIN: 205389152) is a nonprofit organization based in Greenville, IN, classified under NTEE code T12. The organization reported total revenue of $410K and total assets of $709K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jacobs Well Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jacobs Well Inc is a small nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $323K |
| Total Expenses | $268K |
| Surplus / Deficit | +$55K |
| Total Assets | $560K |
| Total Liabilities | $364K |
| Net Assets | $196K |
| Operating Margin | 17.1% |
| Debt-to-Asset Ratio | 65.1% |
| Months of Reserves | 25.1 months |
Financial Health Grade: A
In 2022, Jacobs Well Inc reported a surplus of $55K with revenue exceeding expenses, holds 25.1 months of operating reserves (strong position), has a debt-to-asset ratio of 65.1% (high leverage).
Financial Trends
Over 11 years of filings (2011–2022), Jacobs Well Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +13.8% | +16.6% | +8.5% |
| 2021 | +20.7% | +8.3% | +490.9% |
| 2020 | +104.7% | +27.2% | +36.6% |
| 2019 | -1.5% | +27.2% | -45.2% |
| 2018 | +6.6% | +1.4% | -11.9% |
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 Jacobs Well 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, Jacobs Well 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 65.1%.
Executive Compensation Analysis
Jacobs Well Inc. consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated at levels not categorized as officer pay, which is highly favorable for directing funds to programs.
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 Jacobs Well Inc's IRS 990 filings:
- Significant increase in liabilities from $864 in 2020 to $364,402 in 2022, warranting further investigation into their nature.
Strengths
The following positive indicators were identified for Jacobs Well Inc:
- Consistent revenue growth, from $235,095 in 2020 to $322,940 in 2022, demonstrating financial stability.
- Strong asset accumulation, increasing from $87,322 in 2020 to $560,035 in 2022, indicating effective financial management.
- 0% reported officer compensation across all filings, suggesting a high dedication of resources to the mission.
- Expenses consistently lower than revenue in recent years, allowing for surplus and asset growth.
- Long and consistent IRS 990 filing history (11 filings), indicating strong commitment to transparency and compliance.
Frequently Asked Questions about Jacobs Well Inc
Is Jacobs Well Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jacobs Well Inc (EIN: 205389152) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Jacobs Well Inc spend its money?
Jacobs Well Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jacobs Well Inc tax-deductible?
Jacobs Well Inc is registered as a tax-exempt nonprofit (EIN: 205389152). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jacobs Well Inc's spending goes to programs?
Jacobs Well Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jacobs Well Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Jacobs Well Inc is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jacobs Well Inc located?
Jacobs Well Inc is headquartered in Greenville, Indiana and files with the IRS under EIN 205389152. It is classified under NTEE code T12.
How many years of IRS 990 filings does Jacobs Well Inc have?
Jacobs Well Inc has 11 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 $410K in total revenue.
What is the specific breakdown of program, administrative, and fundraising expenses?
While the provided data doesn't detail the exact percentages, the overall financial health and lack of officer compensation suggest a strong focus on mission-related spending. A detailed 990 form would provide this breakdown.
How does Jacobs Well Inc. manage its liabilities, which were notably high in 2021 and 2022?
Liabilities increased significantly from $864 in 2020 to $375,457 in 2021 and $364,402 in 2022. While assets also grew, understanding the nature of these liabilities (e.g., program-related debt, capital expenditures) would provide more insight into financial risk.
What specific programs does Jacobs Well Inc. operate given its NTEE code T12 (Housing & Shelter)?
The NTEE code T12 indicates a focus on housing and shelter. Understanding the specific services provided (e.g., emergency shelter, transitional housing, rental assistance) would clarify its programmatic impact.
Filing History
IRS 990 filing history for Jacobs Well Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2022), Jacobs Well Inc's revenue has grown by 222.7%, moving from $100K to $323K. Total assets increased by 56003400% over the same period, from $1 to $560K. Total functional expenses rose by 556.4%, from $41K to $268K. In its most recent filing year (2022), Jacobs Well Inc reported a surplus of $55K, with revenue exceeding expenses. The organization holds $364K in liabilities against $560K in assets (debt-to-asset ratio: 65.1%), resulting in net assets of $196K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $323K | $268K | $560K | $364K | — | — |
| 2021 | $284K | $230K | $516K | $375K | — | View 990 |
| 2020 | $235K | $212K | $87K | $864 | — | View 990 |
| 2019 | $115K | $167K | $64K | $488 | — | View 990 |
| 2018 | $117K | $131K | $117K | $1K | — | View 990 |
| 2017 | $109K | $129K | $132K | $3K | — | View 990 |
| 2016 | $88K | $107K | $151K | $1K | — | View 990 |
| 2015 | $115K | $115K | $169K | $549 | — | View 990 |
| 2014 | $89K | $94K | $168K | $94 | — | View 990 |
| 2012 | $131K | $102K | $124K | $4K | — | View 990 |
| 2011 | $100K | $41K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $323K, expenses of $268K, and assets of $560K (revenue +13.8% year-over-year).
- 2021: Revenue of $284K, expenses of $230K, and assets of $516K (revenue +20.7% year-over-year).
- 2020: Revenue of $235K, expenses of $212K, and assets of $87K (revenue +104.7% year-over-year).
- 2019: Revenue of $115K, expenses of $167K, and assets of $64K (revenue -1.5% year-over-year).
- 2018: Revenue of $117K, expenses of $131K, and assets of $117K (revenue +6.6% year-over-year).
- 2017: Revenue of $109K, expenses of $129K, and assets of $132K (revenue +23.9% year-over-year).
- 2016: Revenue of $88K, expenses of $107K, and assets of $151K (revenue -23.6% year-over-year).
- 2015: Revenue of $115K, expenses of $115K, and assets of $169K (revenue +29.8% year-over-year).
- 2014: Revenue of $89K, expenses of $94K, and assets of $168K (revenue -32.1% year-over-year).
- 2012: Revenue of $131K, expenses of $102K, and assets of $124K (revenue +30.9% year-over-year).
- 2011: Revenue of $100K, expenses of $41K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jacobs Well Inc:
Data Sources and Methodology
This transparency report for Jacobs Well 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.