Jmm Charitable Foundation Inc
Jmm Charitable Foundation Inc shows substantial asset growth and zero executive compensation, but lacks detailed expense breakdown.
EIN: 204679694 · Los Angeles, CA · NTEE: T22 · Updated: 2026-03-28
Is Jmm Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jmm Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jmm Charitable Foundation Inc
Jmm Charitable Foundation Inc (EIN: 204679694) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code T22. The organization reported total revenue of $17.1M and total assets of $320.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jmm Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jmm Charitable Foundation Inc is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 63.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $71.0M |
| Total Expenses | $12.7M |
| Surplus / Deficit | +$58.3M |
| Total Assets | $313.4M |
| Total Liabilities | $8.2M |
| Net Assets | $305.2M |
| Operating Margin | 82.2% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 297.2 months |
Financial Health Grade: A
In 2023, Jmm Charitable Foundation Inc reported a surplus of $58.3M with revenue exceeding expenses, holds 297.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Jmm Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 63.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -51.9% | -8.5% | +24.9% |
| 2022 | +84.8% | +2253.1% | +108.6% |
| 2021 | +616.5% | -95.0% | +176.0% |
| 2020 | -0.9% | +400.3% | +33.8% |
| 2019 | +1021.4% | +904.1% | +204.0% |
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 Jmm Charitable Foundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Jmm Charitable Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $58.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly favorable, suggesting that all available funds are directed towards the foundation's charitable activities and operational costs, rather than executive remuneration.
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 Jmm Charitable Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering full spending efficiency analysis.
Strengths
The following positive indicators were identified for Jmm Charitable Foundation Inc:
- Exceptional asset growth, from $13.5M in 2011 to over $313M in 2023, demonstrating strong financial management and investment.
- Consistent reporting of 0% officer compensation, indicating efficient use of funds and dedication to mission.
- Significant revenue generation, with recent periods showing tens of millions in income, suggesting strong donor confidence.
- Low liabilities relative to assets, indicating a stable financial position (e.g., $8.2M liabilities vs. $313.4M assets in 2023).
Frequently Asked Questions about Jmm Charitable Foundation Inc
Is Jmm Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jmm Charitable Foundation Inc (EIN: 204679694) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Jmm Charitable Foundation Inc spend its money?
Jmm Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jmm Charitable Foundation Inc tax-deductible?
Jmm Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204679694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Jmm Charitable Foundation Inc a good charity?
Based on its significant asset growth, substantial revenue, and consistent reporting of 0% officer compensation, Jmm Charitable Foundation Inc appears to be a financially healthy and well-managed organization. However, a more detailed breakdown of its expenses would provide greater clarity on its program efficiency.
How has the organization's financial health changed over time?
The organization has experienced remarkable financial growth, particularly in recent years. Assets surged from $13,530,911 in 2011 to $313,438,021 in 2023, and revenue has seen massive increases, such as from $11,142,497 in 2020 to $70,972,131 in 2023, indicating strong financial performance and donor support.
What is the organization's approach to executive compensation?
Jmm Charitable Foundation Inc consistently reports 0% officer compensation across all available IRS 990 filings. This indicates a strong commitment to minimizing administrative overhead related to executive salaries and directing resources towards its charitable mission.
Filing History
IRS 990 filing history for Jmm Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jmm Charitable Foundation Inc's revenue has grown by 35851.5%, moving from $197K to $71.0M. Total assets increased by 2216.5% over the same period, from $13.5M to $313.4M. Total functional expenses rose by 1596.7%, from $746K to $12.7M. In its most recent filing year (2023), Jmm Charitable Foundation Inc reported a surplus of $58.3M, with revenue exceeding expenses. The organization holds $8.2M in liabilities against $313.4M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $305.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71.0M | $12.7M | $313.4M | $8.2M | — | — |
| 2022 | $147.6M | $13.8M | $251.0M | $4.1M | — | View 990 |
| 2021 | $79.8M | $588K | $120.3M | $7.2M | — | View 990 |
| 2020 | $11.1M | $11.8M | $43.6M | $9.8M | — | View 990 |
| 2019 | $11.2M | $2.4M | $32.6M | $987K | — | View 990 |
| 2015 | $1.0M | $235K | $10.7M | $1 | — | View 990 |
| 2014 | $1.8M | $2.2M | $10.0M | $1 | — | View 990 |
| 2013 | $687K | $2.1M | $10.3M | $0 | — | View 990 |
| 2012 | $644K | $2.4M | $11.8M | $1 | — | View 990 |
| 2011 | $197K | $746K | $13.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $71.0M, expenses of $12.7M, and assets of $313.4M (revenue -51.9% year-over-year).
- 2022: Revenue of $147.6M, expenses of $13.8M, and assets of $251.0M (revenue +84.8% year-over-year).
- 2021: Revenue of $79.8M, expenses of $588K, and assets of $120.3M (revenue +616.5% year-over-year).
- 2020: Revenue of $11.1M, expenses of $11.8M, and assets of $43.6M (revenue -0.9% year-over-year).
- 2019: Revenue of $11.2M, expenses of $2.4M, and assets of $32.6M (revenue +1021.4% year-over-year).
- 2015: Revenue of $1.0M, expenses of $235K, and assets of $10.7M (revenue -43.2% year-over-year).
- 2014: Revenue of $1.8M, expenses of $2.2M, and assets of $10.0M (revenue +157.0% year-over-year).
- 2013: Revenue of $687K, expenses of $2.1M, and assets of $10.3M (revenue +6.6% year-over-year).
- 2012: Revenue of $644K, expenses of $2.4M, and assets of $11.8M (revenue +226.3% year-over-year).
- 2011: Revenue of $197K, expenses of $746K, and assets of $13.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jmm Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Jmm 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.