Jeremiah Foundation Inc
Jeremiah Foundation Inc shows consistent revenue growth and no officer compensation, maintaining a healthy financial surplus.
EIN: 203553034 · N Chesterfld, VA · NTEE: O990 · Updated: 2026-03-28
Is Jeremiah Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jeremiah Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jeremiah Foundation Inc
Jeremiah Foundation Inc (EIN: 203553034) is a nonprofit organization based in N Chesterfld, VA, classified under NTEE code O990. The organization reported total revenue of $486K and total assets of $29K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jeremiah Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jeremiah 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Jeremiah Foundation 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.
Executive Compensation Analysis
Jeremiah Foundation Inc reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its 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.
Strengths
The following positive indicators were identified for Jeremiah Foundation Inc:
- Strong and consistent revenue growth from $69,331 in 2020 to $489,839 in 2023.
- Consistent financial surplus, with expenses ($465,689 in 2023) consistently lower than revenue ($489,839 in 2023).
- 0% officer compensation reported across all filings, indicating high efficiency and dedication to mission.
- Increasing asset base, growing from $7,580 in 2021 to $54,748 in 2023, enhancing financial stability.
Frequently Asked Questions about Jeremiah Foundation Inc
Is Jeremiah Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jeremiah Foundation Inc (EIN: 203553034) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Jeremiah Foundation Inc spend its money?
Jeremiah Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jeremiah Foundation Inc tax-deductible?
Jeremiah Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203553034). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Jeremiah Foundation Inc a good charity?
Based on the available IRS 990 data, Jeremiah Foundation Inc appears to be a good charity. It demonstrates strong financial growth, consistently spends less than its revenue, and reports 0% officer compensation, indicating a high dedication to its mission.
How has Jeremiah Foundation Inc's revenue changed over time?
Jeremiah Foundation Inc has experienced significant revenue growth, increasing from $69,331 in 2020 to $489,839 in 2023, representing a substantial increase in its financial capacity.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a strong commitment to directing all funds towards its programs and operations rather than executive salaries.
Filing History
IRS 990 filing history for Jeremiah Foundation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Jeremiah Foundation Inc's revenue has grown by 606.5%, moving from $69K to $490K. Total assets increased by 95.5% over the same period, from $28K to $55K. Total functional expenses rose by 631.7%, from $64K to $466K. In its most recent filing year (2023), Jeremiah Foundation Inc reported a surplus of $24K, with revenue exceeding expenses. The organization holds $27K in liabilities against $55K in assets (debt-to-asset ratio: 49.1%), resulting in net assets of $28K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $490K | $466K | $55K | $27K | — | — |
| 2022 | $294K | $274K | $25K | $21K | — | View 990 |
| 2021 | $98K | $116K | $8K | $0 | — | — |
| 2020 | $69K | $64K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $490K, expenses of $466K, and assets of $55K (revenue +66.8% year-over-year).
- 2022: Revenue of $294K, expenses of $274K, and assets of $25K (revenue +199.8% year-over-year).
- 2021: Revenue of $98K, expenses of $116K, and assets of $8K (revenue +41.3% year-over-year).
- 2020: Revenue of $69K, expenses of $64K, and assets of $28K.
Data Sources and Methodology
This transparency report for Jeremiah 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.