Jmg Foundation
EIN: 800592321 · East Rutherford, NJ · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $3.0M |
| Net Assets | $-3,947 |
Is Jmg Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Jmg Foundation
Jmg Foundation (EIN: 800592321) is a nonprofit organization based in East Rutherford, NJ, classified under NTEE code T22. The organization reported total revenue of $3.0M and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jmg Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jmg Foundation is a mid-size nonprofit that has been operating for 16 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-8,451 |
| Total Assets | $-3,447 |
| Total Liabilities | $500 |
| Net Assets | $-3,947 |
| Operating Margin | -0.3% |
| Months of Reserves | -0.0 months |
Financial Health Grade: D
In 2023, Jmg Foundation reported a deficit of $8K with expenses exceeding revenue, holds -0.0 months of operating reserves (limited).
Financial Trends
Over 11 years of filings (2010–2023), Jmg Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +84.7% | +87.0% | -168.9% |
| 2022 | +88.0% | +78.7% | +16.4% |
| 2021 | +3.0% | +9.0% | -71.5% |
| 2020 | -71.3% | -72.3% | — |
| 2019 | -63.8% | -62.6% | -105.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Jmg Foundation 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 Jmg Foundation 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.
Frequently Asked Questions about Jmg Foundation
Is Jmg Foundation a legitimate charity?
Jmg Foundation (EIN: 800592321) is a registered tax-exempt nonprofit based in New Jersey. It has 11 years of IRS 990 filings on record. Total revenue: $3.0M. No red flags identified. Financial health grade: D.
How does Jmg Foundation spend its money?
Jmg Foundation reported $3.0M in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Jmg Foundation tax-deductible?
Jmg Foundation is registered as a tax-exempt nonprofit (EIN: 800592321). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Jmg Foundation located?
Jmg Foundation is headquartered in East Rutherford, New Jersey and files with the IRS under EIN 800592321. It is classified under NTEE code T22.
How many years of IRS 990 filings does Jmg Foundation have?
Jmg Foundation has 11 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 $3.0M in total revenue.
Filing History
IRS 990 filing history for Jmg Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Jmg Foundation's revenue has grown by 236.8%, moving from $903K to $3.0M. Total assets decreased by 171.5% over the same period, from $5K to $-3,447. Total functional expenses rose by 239.6%, from $898K to $3.0M. In its most recent filing year (2023), Jmg Foundation reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $3.0M | $-3,447 | $500 | — | — |
| 2022 | $1.6M | $1.6M | $5K | $500 | — | View 990 |
| 2021 | $876K | $912K | $4K | $16K | — | View 990 |
| 2020 | $850K | $837K | $15K | $500 | — | — |
| 2019 | $3.0M | $3.0M | $-6,463 | $2K | — | — |
| 2015 | $8.2M | $8.1M | $129K | $0 | — | View 990 |
| 2014 | $5.4M | $5.4M | $-5,913 | $1 | — | View 990 |
| 2013 | $3.4M | $3.4M | $-31,444 | $0 | — | View 990 |
| 2012 | $2.0M | $2.0M | $-28,253 | $0 | — | View 990 |
| 2011 | $2.0M | $1.9M | $30K | $0 | — | View 990 |
| 2010 | $903K | $898K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $3.0M, and assets of $-3,447 (revenue +84.7% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.6M, and assets of $5K (revenue +88.0% year-over-year).
- 2021: Revenue of $876K, expenses of $912K, and assets of $4K (revenue +3.0% year-over-year).
- 2020: Revenue of $850K, expenses of $837K, and assets of $15K (revenue -71.3% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.0M, and assets of $-6,463 (revenue -63.8% year-over-year).
- 2015: Revenue of $8.2M, expenses of $8.1M, and assets of $129K (revenue +51.9% year-over-year).
- 2014: Revenue of $5.4M, expenses of $5.4M, and assets of $-5,913 (revenue +58.3% year-over-year).
- 2013: Revenue of $3.4M, expenses of $3.4M, and assets of $-31,444 (revenue +72.6% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.0M, and assets of $-28,253 (revenue +0.6% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.9M, and assets of $30K (revenue +117.1% year-over-year).
- 2010: Revenue of $903K, expenses of $898K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jmg Foundation:
Data Sources and Methodology
This transparency report for Jmg 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.