Jewish Heritage Fund For Excellence Inc
Jewish Heritage Fund For Excellence Inc maintains robust assets and zero reported officer compensation, demonstrating strong financial health and program focus.
EIN: 203805455 · Louisville, KY · NTEE: E19 · Updated: 2026-03-28
Is Jewish Heritage Fund For Excellence Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jewish Heritage Fund For Excellence Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jewish Heritage Fund For Excellence Inc
Jewish Heritage Fund For Excellence Inc (EIN: 203805455) is a nonprofit organization based in Louisville, KY, classified under NTEE code E19. The organization reported total revenue of $79.4M and total assets of $305.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jewish Heritage Fund For Excellence 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 Jewish Heritage Fund For Excellence Inc with a Mission Score of 95 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, Jewish Heritage Fund For Excellence 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is categorized differently, warranting further investigation for full 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 Jewish Heritage Fund For Excellence Inc's IRS 990 filings:
- Consistent 0% officer compensation, which is unusual for an organization of this asset size and may warrant further inquiry into executive structure or compensation reporting methods.
Strengths
The following positive indicators were identified for Jewish Heritage Fund For Excellence Inc:
- Robust asset base, consistently exceeding $240 million, providing long-term financial security.
- Extremely low liabilities relative to assets, indicating strong financial management and minimal debt.
- Consistent reporting of 0% officer compensation, suggesting a high dedication of funds to programmatic activities.
- Positive net income in recent years (e.g., 2023: $12,178,982 revenue vs. $11,650,390 expenses), demonstrating sustainable operations.
- Significant revenue generation, with latest reported revenue at $79,401,026, indicating strong fundraising or investment performance.
Frequently Asked Questions about Jewish Heritage Fund For Excellence Inc
Is Jewish Heritage Fund For Excellence Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jewish Heritage Fund For Excellence Inc (EIN: 203805455) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Jewish Heritage Fund For Excellence Inc spend its money?
Jewish Heritage Fund For Excellence Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jewish Heritage Fund For Excellence Inc tax-deductible?
Jewish Heritage Fund For Excellence Inc is registered as a tax-exempt nonprofit (EIN: 203805455). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Jewish Heritage Fund For Excellence Inc a good charity?
Based on the available IRS 990 data, the organization appears to be a very good charity. It maintains strong financial health with substantial assets, consistently low liabilities, and a remarkable record of 0% officer compensation, suggesting a high dedication to its mission.
How does Jewish Heritage Fund For Excellence Inc manage its expenses?
The organization generally manages its expenses effectively. In 2023, expenses were $11,650,390 against revenues of $12,178,982, indicating responsible spending relative to income. While there were periods where expenses exceeded revenue (e.g., 2022, 2020, 2019), the overall asset base remains robust, suggesting these were managed through reserves.
What is the financial stability of Jewish Heritage Fund For Excellence Inc?
Jewish Heritage Fund For Excellence Inc demonstrates excellent financial stability. With assets of $288,402,472 in 2023 and liabilities of only $3,236,639, the organization possesses a substantial endowment or investment portfolio, providing a strong foundation for long-term operations.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size. It could indicate that executive roles are filled by volunteers, that compensation is paid through a related entity not reflected in these specific lines, or that the organization's structure minimizes traditional executive salaries, directing more funds to programs.
Filing History
IRS 990 filing history for Jewish Heritage Fund For Excellence Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jewish Heritage Fund For Excellence Inc's revenue has grown by 699.6%, moving from $1.5M to $12.2M. Total assets increased by 25.7% over the same period, from $229.4M to $288.4M. Total functional expenses rose by 1471.7%, from $741K to $11.7M. In its most recent filing year (2023), Jewish Heritage Fund For Excellence Inc reported a surplus of $529K, with revenue exceeding expenses. The organization holds $3.2M in liabilities against $288.4M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $285.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $12.2M | $11.7M | $288.4M | $3.2M | — | — |
| 2022 | $11.6M | $14.6M | $261.1M | $3.3M | — | — |
| 2021 | $24.5M | $11.7M | $316.7M | $5.0M | — | View 990 |
| 2020 | $13.9M | $23.2M | $294.1M | $10.3M | — | View 990 |
| 2019 | $12.3M | $18.6M | $288.2M | $11.8M | — | View 990 |
| 2018 | $7.6M | $17.2M | $248.8M | $12.3M | — | View 990 |
| 2017 | $26.9M | $6.0M | $273.9M | $1.4M | — | View 990 |
| 2016 | $2.7M | $6.8M | $246.8M | $674K | — | View 990 |
| 2015 | $5.3M | $5.2M | $246.4M | $950K | — | View 990 |
| 2014 | $12.0M | $3.5M | $252.2M | $614K | — | View 990 |
| 2013 | $9.0M | $4.4M | $250.2M | $944K | — | View 990 |
| 2012 | $5.8M | $2.3M | $238.7M | $392K | — | View 990 |
| 2011 | $1.5M | $741K | $229.4M | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.2M, expenses of $11.7M, and assets of $288.4M (revenue +5.2% year-over-year).
- 2022: Revenue of $11.6M, expenses of $14.6M, and assets of $261.1M (revenue -52.6% year-over-year).
- 2021: Revenue of $24.5M, expenses of $11.7M, and assets of $316.7M (revenue +75.8% year-over-year).
- 2020: Revenue of $13.9M, expenses of $23.2M, and assets of $294.1M (revenue +12.7% year-over-year).
- 2019: Revenue of $12.3M, expenses of $18.6M, and assets of $288.2M (revenue +63.4% year-over-year).
- 2018: Revenue of $7.6M, expenses of $17.2M, and assets of $248.8M (revenue -71.9% year-over-year).
- 2017: Revenue of $26.9M, expenses of $6.0M, and assets of $273.9M (revenue +902.5% year-over-year).
- 2016: Revenue of $2.7M, expenses of $6.8M, and assets of $246.8M (revenue -49.4% year-over-year).
- 2015: Revenue of $5.3M, expenses of $5.2M, and assets of $246.4M (revenue -56.0% year-over-year).
- 2014: Revenue of $12.0M, expenses of $3.5M, and assets of $252.2M (revenue +33.4% year-over-year).
- 2013: Revenue of $9.0M, expenses of $4.4M, and assets of $250.2M (revenue +55.2% year-over-year).
- 2012: Revenue of $5.8M, expenses of $2.3M, and assets of $238.7M (revenue +281.5% year-over-year).
- 2011: Revenue of $1.5M, expenses of $741K, and assets of $229.4M.
Data Sources and Methodology
This transparency report for Jewish Heritage Fund For Excellence 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.