James A Holt Charitable Foundation Inc
James A Holt Charitable Foundation maintains substantial assets and zero executive compensation, with recent expenses exceeding revenue.
EIN: 206351514 · Jeffersonvlle, IN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $784K |
| Total Expenses | $286K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $5.7 |
| Net Assets | $5.7M |
| Transparency Score | 90/100 |
Is James A Holt Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
James A Holt Charitable Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About James A Holt Charitable Foundation Inc
James A Holt Charitable Foundation Inc (EIN: 206351514) is a nonprofit organization based in Jeffersonvlle, IN, classified under NTEE code T22. The organization reported total revenue of $784K and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James A Holt Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
James A Holt Charitable Foundation Inc is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $249K |
| Total Expenses | $286K |
| Surplus / Deficit | $-37,210 |
| Total Assets | $5.7M |
| Total Liabilities | $1 |
| Net Assets | $5.7M |
| Operating Margin | -15.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 240.2 months |
Financial Health Grade: B
In 2023, James A Holt Charitable Foundation Inc reported a deficit of $37K with expenses exceeding revenue, holds 240.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), James A Holt Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.7% | +14.5% | -0.6% |
| 2022 | -67.3% | -0.5% | -0.8% |
| 2021 | +176.0% | +20.0% | +131.3% |
| 2019 | -34.7% | -38.7% | +69.7% |
| 2015 | +31.2% | +35.8% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 James A Holt Charitable 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: 95%
- fundraising: 0%
According to IRS 990 filings, James A Holt Charitable Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $37K, 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 the organization's leadership is entirely volunteer-based, which is highly commendable for a foundation of its asset size ($5.7 million).
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 James A Holt Charitable Foundation Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest two reported periods (2023 and 2022).
Strengths
The following positive indicators were identified for James A Holt Charitable Foundation Inc:
- Consistent zero executive compensation.
- Substantial and growing asset base ($5.7 million in 2023).
- Very low liabilities ($1 in recent years).
- Strong program focus typical of private grantmaking foundations (NTEE T22).
Frequently Asked Questions about James A Holt Charitable Foundation Inc
Is James A Holt Charitable Foundation Inc a legitimate charity?
James A Holt Charitable Foundation Inc (EIN: 206351514) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 90/100. It has 9 years of IRS 990 filings on record. Total revenue: $784K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does James A Holt Charitable Foundation Inc spend its money?
James A Holt Charitable Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to James A Holt Charitable Foundation Inc tax-deductible?
James A Holt Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 206351514). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the James A Holt Charitable Foundation Inc CEO make?
James A Holt Charitable Foundation Inc's highest-compensated officer earns $5.7 annually. The organization reported $784K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does James A Holt Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), James A Holt Charitable Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is James A Holt Charitable Foundation Inc located?
James A Holt Charitable Foundation Inc is headquartered in Jeffersonvlle, Indiana and files with the IRS under EIN 206351514. It is classified under NTEE code T22.
How many years of IRS 990 filings does James A Holt Charitable Foundation Inc have?
James A Holt Charitable Foundation Inc has 9 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 $784K in total revenue.
How does the foundation cover expenses when revenue is less than expenses, as seen in 2023 and 2022?
Given the substantial asset base, it's likely the foundation utilizes investment income or draws from its endowment to cover operational expenses when annual contributions or other revenue streams are insufficient, as observed in 2023 ($248,863 revenue vs. $286,073 expenses) and 2022 ($201,114 revenue vs. $249,893 expenses).
What caused the significant increase in assets from $2.5 million in 2019 to $5.8 million in 2021?
The substantial increase in assets between 2019 and 2021, from $2,512,763 to $5,812,214, suggests either significant investment gains, a large one-time donation, or a combination of both during that period.
Filing History
IRS 990 filing history for James A Holt Charitable Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), James A Holt Charitable Foundation Inc's revenue has grown by 17.4%, moving from $212K to $249K. Total assets increased by 298.9% over the same period, from $1.4M to $5.7M. Total functional expenses rose by 31.8%, from $217K to $286K. In its most recent filing year (2023), James A Holt Charitable Foundation Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $249K | $286K | $5.7M | $1 | — | View 990 |
| 2022 | $201K | $250K | $5.8M | $1 | — | View 990 |
| 2021 | $616K | $251K | $5.8M | $1 | — | View 990 |
| 2019 | $223K | $209K | $2.5M | $0 | — | View 990 |
| 2015 | $342K | $342K | $1.5M | $0 | — | View 990 |
| 2014 | $261K | $252K | $1.5M | $0 | — | View 990 |
| 2013 | $258K | $228K | $1.5M | $0 | — | View 990 |
| 2012 | $243K | $236K | $1.4M | $0 | — | View 990 |
| 2011 | $212K | $217K | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $249K, expenses of $286K, and assets of $5.7M (revenue +23.7% year-over-year).
- 2022: Revenue of $201K, expenses of $250K, and assets of $5.8M (revenue -67.3% year-over-year).
- 2021: Revenue of $616K, expenses of $251K, and assets of $5.8M (revenue +176.0% year-over-year).
- 2019: Revenue of $223K, expenses of $209K, and assets of $2.5M (revenue -34.7% year-over-year).
- 2015: Revenue of $342K, expenses of $342K, and assets of $1.5M (revenue +31.2% year-over-year).
- 2014: Revenue of $261K, expenses of $252K, and assets of $1.5M (revenue +1.1% year-over-year).
- 2013: Revenue of $258K, expenses of $228K, and assets of $1.5M (revenue +6.2% year-over-year).
- 2012: Revenue of $243K, expenses of $236K, and assets of $1.4M (revenue +14.5% year-over-year).
- 2011: Revenue of $212K, expenses of $217K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for James A Holt Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for James A Holt Charitable 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.