Jessie F Bennett Charitable Foundation Inc
EIN: 460957247 · Wilmington, DE · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $245K |
| Total Expenses | $78K |
| Net Assets | $653K |
Is Jessie F Bennett Charitable Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Jessie F Bennett Charitable Foundation Inc
Jessie F Bennett Charitable Foundation Inc (EIN: 460957247) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $245K and total assets of $655K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jessie F Bennett Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jessie F Bennett Charitable Foundation Inc is a small nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 205.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $78K |
| Surplus / Deficit | $-8,058 |
| Total Assets | $653K |
| Total Liabilities | $1 |
| Net Assets | $653K |
| Operating Margin | -11.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 100.4 months |
Financial Health Grade: B
In 2023, Jessie F Bennett Charitable Foundation Inc reported a deficit of $8K with expenses exceeding revenue, holds 100.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2013–2023), Jessie F Bennett Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 205.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.6% | -0.5% | -1.2% |
| 2022 | -9.8% | +183.1% | -4.2% |
| 2021 | -15.4% | -63.3% | +4.1% |
| 2020 | +152.7% | +54.8% | -1.5% |
| 2019 | -96.9% | +98.6% | -15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Jessie F Bennett Charitable Foundation Inc 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 Jessie F Bennett Charitable Foundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Jessie F Bennett Charitable Foundation Inc
Is Jessie F Bennett Charitable Foundation Inc a legitimate charity?
Jessie F Bennett Charitable Foundation Inc (EIN: 460957247) is a registered tax-exempt nonprofit based in Delaware. It has 8 years of IRS 990 filings on record. Total revenue: $245K. No red flags identified. Financial health grade: B.
How does Jessie F Bennett Charitable Foundation Inc spend its money?
Jessie F Bennett Charitable Foundation Inc reported $245K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Jessie F Bennett Charitable Foundation Inc tax-deductible?
Jessie F Bennett Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 460957247). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Jessie F Bennett Charitable Foundation Inc located?
Jessie F Bennett Charitable Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 460957247. It is classified under NTEE code T20.
How many years of IRS 990 filings does Jessie F Bennett Charitable Foundation Inc have?
Jessie F Bennett Charitable Foundation Inc has 8 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 $245K in total revenue.
Filing History
IRS 990 filing history for Jessie F Bennett Charitable Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Jessie F Bennett Charitable Foundation Inc's revenue has grown by 6992100%, moving from $1 to $70K. Total assets increased by 65253600% over the same period, from $1 to $653K. In its most recent filing year (2023), Jessie F Bennett Charitable Foundation Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $653K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $653K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $70K | $78K | $653K | $1 | — | — |
| 2022 | $50K | $78K | $661K | $1 | — | — |
| 2021 | $55K | $28K | $689K | $1 | — | View 990 |
| 2020 | $65K | $75K | $662K | $1 | — | View 990 |
| 2019 | $26K | $49K | $672K | $1 | — | View 990 |
| 2015 | $820K | $24K | $795K | $1 | — | View 990 |
| 2014 | $1 | $0 | $1 | $0 | — | View 990 |
| 2013 | $1 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $70K, expenses of $78K, and assets of $653K (revenue +40.6% year-over-year).
- 2022: Revenue of $50K, expenses of $78K, and assets of $661K (revenue -9.8% year-over-year).
- 2021: Revenue of $55K, expenses of $28K, and assets of $689K (revenue -15.4% year-over-year).
- 2020: Revenue of $65K, expenses of $75K, and assets of $662K (revenue +152.7% year-over-year).
- 2019: Revenue of $26K, expenses of $49K, and assets of $672K (revenue -96.9% year-over-year).
- 2015: Revenue of $820K, expenses of $24K, and assets of $795K (revenue +81990600.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jessie F Bennett Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Jessie F Bennett 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.