Jhk Charitable Foundation
Jhk Charitable Foundation shows significant asset growth despite fluctuating annual revenues and expenses.
EIN: 205825746 · Muscatine, IA · NTEE: T22 · Updated: 2026-03-28
Is Jhk Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jhk Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jhk Charitable Foundation
Jhk Charitable Foundation (EIN: 205825746) is a nonprofit organization based in Muscatine, IA, classified under NTEE code T22. The organization reported total revenue of $263K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jhk Charitable Foundation'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 Jhk Charitable Foundation with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Jhk Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly efficient for an organization with current assets over $2.5 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 Jhk Charitable Foundation's IRS 990 filings:
- Significant annual deficits in some years (e.g., 2023: expenses $258,334 vs. revenue $105,843), indicating reliance on reserves or inconsistent operational funding.
- Highly variable annual expense levels (e.g., $313 in 2021 vs. $258,334 in 2023), which could suggest unpredictable programmatic activity or grantmaking.
Strengths
The following positive indicators were identified for Jhk Charitable Foundation:
- Consistent 0% officer compensation across all filings, demonstrating excellent financial efficiency and transparency regarding executive pay.
- Substantial asset growth from $4,325 in 2011 to $2,555,004 currently, indicating strong long-term financial health and endowment management.
- Consistently low liabilities ($0 or $1 across all filings), reflecting sound financial management and minimal debt.
- Strong program focus, as indicated by the 0% fundraising expenses and the nature of a grantmaking foundation.
Frequently Asked Questions about Jhk Charitable Foundation
Is Jhk Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jhk Charitable Foundation (EIN: 205825746) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Jhk Charitable Foundation spend its money?
Jhk Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jhk Charitable Foundation tax-deductible?
Jhk Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 205825746). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Jhk Charitable Foundation a good charity?
Based on the data, Jhk Charitable Foundation appears to be a financially sound organization with strong asset growth and excellent transparency regarding executive compensation (0%). Its program spending efficiency varies year-to-year, but the overall trend of asset accumulation suggests a well-managed endowment supporting its mission.
Why did expenses exceed revenue in 2023?
In 2023, the foundation reported expenses of $258,334 against revenues of $105,843. This indicates that the organization spent more than it brought in during that specific year, likely drawing from its accumulated assets or prior year surpluses to fund its activities.
How has the foundation's asset base changed over time?
The foundation's assets have grown significantly, from $4,325 in 2011 to $2,555,004 currently. This represents substantial long-term financial growth and stability.
What is the NTEE code T22?
NTEE code T22 typically refers to 'Private Grantmaking Foundations', indicating that Jhk Charitable Foundation primarily operates by making grants to other organizations or individuals rather than directly providing services.
Filing History
IRS 990 filing history for Jhk Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jhk Charitable Foundation's revenue has declined by 57.7%, moving from $250K to $106K. Total assets increased by 55627.2% over the same period, from $4K to $2.4M. Total functional expenses rose by 0.1%, from $258K to $258K. In its most recent filing year (2023), Jhk Charitable Foundation reported a deficit of $152K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $106K | $258K | $2.4M | $1 | — | — |
| 2022 | $159K | $3K | $2.3M | $1 | — | View 990 |
| 2021 | $126K | $313 | $2.2M | $1 | — | — |
| 2020 | $330K | $254K | $2.1M | $1 | — | — |
| 2019 | $301K | $31K | $2.1M | $1 | — | View 990 |
| 2015 | $144K | $4K | $902K | $1 | — | View 990 |
| 2014 | $1.0M | $121 | $761K | $0 | — | View 990 |
| 2013 | $3 | $14K | $307 | $1 | — | View 990 |
| 2012 | $263K | $253K | $14K | $1 | — | View 990 |
| 2011 | $250K | $258K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $106K, expenses of $258K, and assets of $2.4M (revenue -33.3% year-over-year).
- 2022: Revenue of $159K, expenses of $3K, and assets of $2.3M (revenue +26.1% year-over-year).
- 2021: Revenue of $126K, expenses of $313, and assets of $2.2M (revenue -61.9% year-over-year).
- 2020: Revenue of $330K, expenses of $254K, and assets of $2.1M (revenue +9.5% year-over-year).
- 2019: Revenue of $301K, expenses of $31K, and assets of $2.1M (revenue +109.4% year-over-year).
- 2015: Revenue of $144K, expenses of $4K, and assets of $902K (revenue -85.6% year-over-year).
- 2014: Revenue of $1.0M, expenses of $121, and assets of $761K (revenue +33356033.3% year-over-year).
- 2013: Revenue of $3, expenses of $14K, and assets of $307 (revenue -100.0% year-over-year).
- 2012: Revenue of $263K, expenses of $253K, and assets of $14K (revenue +5.1% year-over-year).
- 2011: Revenue of $250K, expenses of $258K, and assets of $4K.
Data Sources and Methodology
This transparency report for Jhk Charitable Foundation 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.