Jfm No 2 Corp
Jfm No 2 Corp consistently operates at a deficit, drawing down assets despite increasing revenues.
EIN: 208204522 · Auburn, ME · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $145K |
| Program Spending | 80% |
| Net Assets | $1.1M |
| Transparency Score | 65/100 |
Is Jfm No 2 Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jfm No 2 Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jfm No 2 Corp
Jfm No 2 Corp (EIN: 208204522) is a nonprofit organization based in Auburn, ME, classified under NTEE code L21. The organization reported total revenue of $130K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jfm No 2 Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jfm No 2 Corp is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $123K |
| Total Expenses | $145K |
| Surplus / Deficit | $-21,851 |
| Total Assets | $1.2M |
| Total Liabilities | $36K |
| Net Assets | $1.1M |
| Operating Margin | -17.8% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 97.0 months |
Financial Health Grade: B
In 2024, Jfm No 2 Corp reported a deficit of $22K with expenses exceeding revenue, holds 97.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Jfm No 2 Corp's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.6% | -0.3% | -1.4% |
| 2023 | +1.2% | +0.2% | -3.3% |
| 2022 | -0.8% | +0.9% | -3.0% |
| 2021 | +15.6% | +24.7% | -1.4% |
| 2020 | +17.5% | +12.6% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Jfm No 2 Corp with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Jfm No 2 Corp allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-led organization or that compensation levels are below IRS reporting thresholds, which is positive for minimizing administrative overhead.
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 Jfm No 2 Corp's IRS 990 filings:
- Consistent net losses, with expenses exceeding revenue in most reported periods (e.g., $144,947 expenses vs. $123,096 revenue in 202403).
- Gradual decline in total assets over time, from $1,551,925 in 201506 to $1,171,419 in 202403, indicating reliance on reserves.
- Lack of detailed expense breakdown in the provided data, making it difficult to assess program efficiency and administrative overhead.
Strengths
The following positive indicators were identified for Jfm No 2 Corp:
- No reported officer compensation across all filings, suggesting low administrative overhead related to executive salaries.
- Substantial asset base of over $1.1 million, providing a buffer despite consistent net losses.
- Consistent revenue generation, with an upward trend in recent years (e.g., from $80,147 in 201903 to $123,096 in 202403).
Frequently Asked Questions about Jfm No 2 Corp
Is Jfm No 2 Corp a legitimate charity?
Jfm No 2 Corp (EIN: 208204522) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $130K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Jfm No 2 Corp spend its money?
Jfm No 2 Corp directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Jfm No 2 Corp tax-deductible?
Jfm No 2 Corp is registered as a tax-exempt nonprofit (EIN: 208204522). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jfm No 2 Corp's spending goes to programs?
Jfm No 2 Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jfm No 2 Corp compare to similar nonprofits?
With a transparency score of 65/100 (Good), Jfm No 2 Corp is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jfm No 2 Corp located?
Jfm No 2 Corp is headquartered in Auburn, Maine and files with the IRS under EIN 208204522. It is classified under NTEE code L21.
How many years of IRS 990 filings does Jfm No 2 Corp have?
Jfm No 2 Corp has 13 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 $130K in total revenue.
Is Jfm No 2 Corp financially sustainable given its consistent net losses?
The organization has consistently reported expenses exceeding revenue, leading to net losses in most periods. While it has a substantial asset base of $1,171,419 (202403), this trend of drawing down assets for operations is not sustainable long-term without a strategy to increase revenue or reduce expenses.
What is the breakdown of Jfm No 2 Corp's expenses?
The provided data only shows total expenses, not a detailed breakdown into program, administrative, or fundraising costs. This lack of detail makes it difficult to fully assess spending efficiency and program focus.
Why are assets declining over time?
Assets have gradually declined from $1,551,925 in 201506 to $1,171,419 in 202403. This decline is likely due to the organization consistently spending more than it earns, effectively using its accumulated assets to cover operational deficits.
Filing History
IRS 990 filing history for Jfm No 2 Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Jfm No 2 Corp's revenue has grown by 54.1%, moving from $80K to $123K. Total assets decreased by 25.4% over the same period, from $1.6M to $1.2M. Total functional expenses rose by 81.5%, from $80K to $145K. In its most recent filing year (2024), Jfm No 2 Corp reported a deficit of $22K, with expenses exceeding revenue. The organization holds $36K in liabilities against $1.2M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $123K | $145K | $1.2M | $36K | — | — |
| 2023 | $109K | $145K | $1.2M | $30K | — | View 990 |
| 2022 | $108K | $145K | $1.2M | $34K | — | View 990 |
| 2021 | $109K | $144K | $1.3M | $35K | — | — |
| 2020 | $94K | $115K | $1.3M | $19K | — | View 990 |
| 2019 | $80K | $102K | $1.3M | $17K | — | View 990 |
| 2018 | $80K | $98K | $1.3M | $19K | — | View 990 |
| 2017 | $60K | $123K | $1.3M | $19K | — | View 990 |
| 2016 | $80K | $222K | $1.5M | $154K | — | View 990 |
| 2015 | $80K | $92K | $1.6M | $20K | — | View 990 |
| 2014 | $80K | $87K | $1.6M | $21K | — | View 990 |
| 2013 | $79K | $85K | $1.6M | $18K | — | View 990 |
| 2012 | $80K | $80K | $1.6M | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $123K, expenses of $145K, and assets of $1.2M (revenue +12.6% year-over-year).
- 2023: Revenue of $109K, expenses of $145K, and assets of $1.2M (revenue +1.2% year-over-year).
- 2022: Revenue of $108K, expenses of $145K, and assets of $1.2M (revenue -0.8% year-over-year).
- 2021: Revenue of $109K, expenses of $144K, and assets of $1.3M (revenue +15.6% year-over-year).
- 2020: Revenue of $94K, expenses of $115K, and assets of $1.3M (revenue +17.5% year-over-year).
- 2019: Revenue of $80K, expenses of $102K, and assets of $1.3M (revenue +0.0% year-over-year).
- 2018: Revenue of $80K, expenses of $98K, and assets of $1.3M (revenue +33.5% year-over-year).
- 2017: Revenue of $60K, expenses of $123K, and assets of $1.3M (revenue -25.0% year-over-year).
- 2016: Revenue of $80K, expenses of $222K, and assets of $1.5M (revenue -0.1% year-over-year).
- 2015: Revenue of $80K, expenses of $92K, and assets of $1.6M (revenue -0.1% year-over-year).
- 2014: Revenue of $80K, expenses of $87K, and assets of $1.6M (revenue +1.7% year-over-year).
- 2013: Revenue of $79K, expenses of $85K, and assets of $1.6M (revenue -1.4% year-over-year).
- 2012: Revenue of $80K, expenses of $80K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jfm No 2 Corp:
Data Sources and Methodology
This transparency report for Jfm No 2 Corp 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.