Jake Hodge Memorial Scholarship Fund
EIN: 262875269 · Marion, KY · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $79K |
| Total Expenses | $14K |
| Net Assets | $365K |
Is Jake Hodge Memorial Scholarship Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Jake Hodge Memorial Scholarship Fund
Jake Hodge Memorial Scholarship Fund (EIN: 262875269) is a nonprofit organization based in Marion, KY, classified under NTEE code B90. The organization reported total revenue of $79K and total assets of $429K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jake Hodge Memorial Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jake Hodge Memorial Scholarship Fund is a micro nonprofit that has been operating for 16 years, with 3 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of -19.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $14K |
| Surplus / Deficit | +$43K |
| Total Assets | $365K |
| Net Assets | $365K |
| Operating Margin | 75.4% |
| Months of Reserves | 311.2 months |
Financial Health Grade: A
In 2024, Jake Hodge Memorial Scholarship Fund reported a surplus of $43K with revenue exceeding expenses, holds 311.2 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2022–2024), Jake Hodge Memorial Scholarship Fund's revenue has declined at a compound annual growth rate (CAGR) of -19.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +22.1% | -42.9% | +13.4% |
| 2023 | -46.3% | +31.5% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Jake Hodge Memorial Scholarship Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jake Hodge Memorial Scholarship Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $43K, with revenue exceeding expenses.
Frequently Asked Questions about Jake Hodge Memorial Scholarship Fund
Is Jake Hodge Memorial Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Jake Hodge Memorial Scholarship Fund (EIN: 262875269) insufficient data. 0 red flags identified, 0 strengths noted.
How does Jake Hodge Memorial Scholarship Fund spend its money?
Detailed spending breakdown data is not yet available for Jake Hodge Memorial Scholarship Fund. Check back for updated IRS 990 analysis.
Are donations to Jake Hodge Memorial Scholarship Fund tax-deductible?
Jake Hodge Memorial Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 262875269). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Jake Hodge Memorial Scholarship Fund located?
Jake Hodge Memorial Scholarship Fund is headquartered in Marion, Kentucky and files with the IRS under EIN 262875269. It is classified under NTEE code B90.
How many years of IRS 990 filings does Jake Hodge Memorial Scholarship Fund have?
Jake Hodge Memorial Scholarship Fund has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $79K in total revenue.
Filing History
IRS 990 filing history for Jake Hodge Memorial Scholarship Fund showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Jake Hodge Memorial Scholarship Fund's revenue has declined by 34.5%, moving from $87K to $57K. Total assets increased by 21.8% over the same period, from $300K to $365K. Total functional expenses fell by 24.9%, from $19K to $14K. In its most recent filing year (2024), Jake Hodge Memorial Scholarship Fund reported a surplus of $43K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $57K | $14K | $365K | $0 | — | — |
| 2023 | $47K | $25K | $322K | $0 | — | View 990 |
| 2022 | $87K | $19K | $300K | $0 | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $57K, expenses of $14K, and assets of $365K (revenue +22.1% year-over-year).
- 2023: Revenue of $47K, expenses of $25K, and assets of $322K (revenue -46.3% year-over-year).
- 2022: Revenue of $87K, expenses of $19K, and assets of $300K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jake Hodge Memorial Scholarship Fund:
Data Sources and Methodology
This transparency report for Jake Hodge Memorial Scholarship Fund 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.