Jain Foundation Inc
Jain Foundation maintains substantial assets and zero officer compensation amidst fluctuating revenues.
EIN: 200284800 · Seattle, WA · NTEE: G50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $384K |
| Total Expenses | $5.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $56.1M |
| Transparency Score | 90/100 |
Is Jain Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jain Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jain Foundation Inc
Jain Foundation Inc (EIN: 200284800) is a nonprofit organization based in Seattle, WA, classified under NTEE code G50. The organization reported total revenue of $384K and total assets of $51.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jain Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jain Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39.1M |
| Total Expenses | $5.2M |
| Surplus / Deficit | +$33.9M |
| Total Assets | $56.2M |
| Total Liabilities | $36K |
| Net Assets | $56.1M |
| Operating Margin | 86.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 129.3 months |
Financial Health Grade: A
In 2023, Jain Foundation Inc reported a surplus of $33.9M with revenue exceeding expenses, holds 129.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Jain Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1078.6% | +25.0% | +111.9% |
| 2022 | -27.5% | +2.7% | -6.3% |
| 2021 | +82.7% | +13.1% | -2.8% |
| 2020 | -87.5% | -0.1% | -7.0% |
| 2019 | +398.5% | -23.1% | +196.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 2006 |
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 Jain 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Jain Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $33.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly unusual for an organization with assets exceeding $50 million and suggests either a volunteer leadership structure or that compensation is covered by an external entity, which would warrant further investigation for complete transparency.
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 Jain Foundation Inc's IRS 990 filings:
- Significant revenue volatility, making long-term financial forecasting challenging without a clear understanding of funding sources.
- Unusually low liabilities relative to assets, which could indicate a very conservative financial approach or specific funding structures.
- Consistent 0% officer compensation, which, while positive for direct mission spending, raises questions about how leadership and executive functions are compensated or sustained.
Strengths
The following positive indicators were identified for Jain Foundation Inc:
- Substantial and growing asset base, providing significant financial stability and capacity for long-term mission support (e.g., $56M in assets in 2023).
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds towards programs and minimizing executive overhead.
- Low liabilities across most years, suggesting sound financial management and minimal debt burden.
Frequently Asked Questions about Jain Foundation Inc
Is Jain Foundation Inc a legitimate charity?
Jain Foundation Inc (EIN: 200284800) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $384K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Jain Foundation Inc spend its money?
Jain Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Jain Foundation Inc tax-deductible?
Jain Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200284800). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Jain Foundation Inc CEO make?
Jain Foundation Inc's highest-compensated officer earns $50 annually. The organization reported $384K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Jain Foundation Inc's spending goes to programs?
Jain Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jain Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Jain Foundation Inc is above average for NTEE category G50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jain Foundation Inc located?
Jain Foundation Inc is headquartered in Seattle, Washington and files with the IRS under EIN 200284800. It is classified under NTEE code G50.
How many years of IRS 990 filings does Jain Foundation Inc have?
Jain 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 $384K in total revenue.
How does Jain Foundation Inc. manage its significant asset base to support its mission?
With assets consistently in the tens of millions (e.g., $56M in 2023), the organization appears to have a robust endowment or investment strategy, allowing it to fund its programs even during periods of lower revenue. This substantial asset base provides financial stability.
What is the source of the significant revenue fluctuations observed in the filings?
Revenue has varied dramatically, from $39 million in 2023 to $2.5 million in 2020. This volatility could be due to large, infrequent grants, specific fundraising campaigns, or investment returns, and understanding the primary sources would provide insight into funding reliability.
Who covers the operational and leadership costs if officer compensation is consistently 0%?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size. It suggests either a fully volunteer-led executive team or that executive salaries are paid by a related entity or through other means not reported as officer compensation on the 990, which could impact the true administrative cost picture.
Filing History
IRS 990 filing history for Jain Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jain Foundation Inc's revenue has grown by 1310.8%, moving from $2.8M to $39.1M. Total assets increased by 753.9% over the same period, from $6.6M to $56.2M. Total functional expenses rose by 153%, from $2.1M to $5.2M. In its most recent filing year (2023), Jain Foundation Inc reported a surplus of $33.9M, with revenue exceeding expenses. The organization holds $36K in liabilities against $56.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $56.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39.1M | $5.2M | $56.2M | $36K | — | — |
| 2022 | $3.3M | $4.2M | $26.5M | $53K | — | View 990 |
| 2021 | $4.6M | $4.1M | $28.3M | $7K | — | View 990 |
| 2020 | $2.5M | $3.6M | $29.1M | $1 | — | — |
| 2019 | $20.0M | $3.6M | $31.3M | $6K | — | — |
| 2015 | $4.0M | $4.7M | $10.5M | $22K | — | View 990 |
| 2014 | $5.0M | $5.8M | $20.2M | $20K | — | View 990 |
| 2013 | $5.1M | $3.8M | $21.0M | $24K | — | View 990 |
| 2012 | $17.0M | $2.5M | $19.7M | $37K | — | View 990 |
| 2011 | $2.8M | $2.1M | $6.6M | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39.1M, expenses of $5.2M, and assets of $56.2M (revenue +1078.6% year-over-year).
- 2022: Revenue of $3.3M, expenses of $4.2M, and assets of $26.5M (revenue -27.5% year-over-year).
- 2021: Revenue of $4.6M, expenses of $4.1M, and assets of $28.3M (revenue +82.7% year-over-year).
- 2020: Revenue of $2.5M, expenses of $3.6M, and assets of $29.1M (revenue -87.5% year-over-year).
- 2019: Revenue of $20.0M, expenses of $3.6M, and assets of $31.3M (revenue +398.5% year-over-year).
- 2015: Revenue of $4.0M, expenses of $4.7M, and assets of $10.5M (revenue -19.3% year-over-year).
- 2014: Revenue of $5.0M, expenses of $5.8M, and assets of $20.2M (revenue -1.9% year-over-year).
- 2013: Revenue of $5.1M, expenses of $3.8M, and assets of $21.0M (revenue -70.1% year-over-year).
- 2012: Revenue of $17.0M, expenses of $2.5M, and assets of $19.7M (revenue +513.5% year-over-year).
- 2011: Revenue of $2.8M, expenses of $2.1M, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jain Foundation Inc:
Data Sources and Methodology
This transparency report for Jain 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.