Jmp Foundation Inc
Jmp Foundation Inc. consistently spends more than it earns, drawing down on substantial assets.
EIN: 203462159 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $765K |
| Program Spending | 80% |
| Net Assets | $7.0M |
| Transparency Score | 75/100 |
Is Jmp Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jmp Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jmp Foundation Inc
Jmp Foundation Inc (EIN: 203462159) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $1.5M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jmp Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jmp Foundation Inc is a mid-size 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 -5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $274K |
| Total Expenses | $765K |
| Surplus / Deficit | $-491,246 |
| Total Assets | $7.0M |
| Total Liabilities | $1 |
| Net Assets | $7.0M |
| Operating Margin | -179.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 109.4 months |
Financial Health Grade: B
In 2023, Jmp Foundation Inc reported a deficit of $491K with expenses exceeding revenue, holds 109.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Jmp Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -71.1% | +9.0% | -6.6% |
| 2022 | +2.0% | -45.1% | +3.4% |
| 2021 | -33.1% | +20.3% | -4.6% |
| 2020 | +2780.4% | -19.9% | +4.6% |
| 2019 | -89.2% | +5.1% | -21.1% |
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 Jmp Foundation Inc with a Mission Score of 75 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, Jmp Foundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $491K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly favorable for resource allocation.
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 Jmp Foundation Inc's IRS 990 filings:
- Consistent deficit spending in multiple years (e.g., 2023 expenses $765,431 vs. revenue $274,185)
- Declining asset base over the long term (from $9.9M in 2014 to $6.9M in 2023)
- Highly volatile annual revenue, indicating potential unpredictability in funding.
Strengths
The following positive indicators were identified for Jmp Foundation Inc:
- Zero officer compensation reported, indicating high efficiency in leadership costs.
- Maintains a substantial asset base ($6,980,109 in 2023) providing financial stability.
- Minimal liabilities ($1 in most periods) indicating low debt and good financial management.
Frequently Asked Questions about Jmp Foundation Inc
Is Jmp Foundation Inc a legitimate charity?
Jmp Foundation Inc (EIN: 203462159) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.5M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Jmp Foundation Inc spend its money?
Jmp Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Jmp Foundation Inc tax-deductible?
Jmp Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203462159). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jmp Foundation Inc's spending goes to programs?
Jmp Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jmp Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Jmp Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jmp Foundation Inc located?
Jmp Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 203462159. It is classified under NTEE code T22.
How many years of IRS 990 filings does Jmp Foundation Inc have?
Jmp Foundation Inc has 10 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 $1.5M in total revenue.
Is Jmp Foundation Inc. financially sustainable given its spending patterns?
The foundation has consistently spent more than its revenue in several recent years (e.g., 2023, 2021, 2019), leading to a decrease in assets from $9,992,251 in 2014 to $6,980,109 in 2023. While it has substantial assets, this trend is not sustainable indefinitely without a shift in revenue or expense management.
What is the primary source of the foundation's revenue fluctuations?
The significant swings in revenue, from $48,360 in 2019 to $1,392,980 in 2020, suggest a reliance on large, potentially infrequent contributions or investment returns, rather than a steady stream of smaller donations.
How does the lack of officer compensation impact the organization's efficiency?
The 0% officer compensation reported across all filings is a strong indicator of high efficiency in this area, meaning more of the organization's funds are available for its programmatic activities rather than executive salaries.
Filing History
IRS 990 filing history for Jmp Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jmp Foundation Inc's revenue has declined by 47.6%, moving from $523K to $274K. Total assets decreased by 25.5% over the same period, from $9.4M to $7.0M. Total functional expenses rose by 43.3%, from $534K to $765K. In its most recent filing year (2023), Jmp Foundation Inc reported a deficit of $491K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $274K | $765K | $7.0M | $1 | — | View 990 |
| 2022 | $950K | $702K | $7.5M | $1 | — | View 990 |
| 2021 | $931K | $1.3M | $7.2M | $1 | — | View 990 |
| 2020 | $1.4M | $1.1M | $7.6M | $1 | — | View 990 |
| 2019 | $48K | $1.3M | $7.2M | $0 | — | View 990 |
| 2015 | $449K | $1.3M | $9.2M | $1 | — | View 990 |
| 2014 | $830K | $721K | $10.0M | $1 | — | View 990 |
| 2013 | $1.2M | $639K | $9.9M | $1 | — | View 990 |
| 2012 | $518K | $598K | $9.3M | $1 | — | View 990 |
| 2011 | $523K | $534K | $9.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $274K, expenses of $765K, and assets of $7.0M (revenue -71.1% year-over-year).
- 2022: Revenue of $950K, expenses of $702K, and assets of $7.5M (revenue +2.0% year-over-year).
- 2021: Revenue of $931K, expenses of $1.3M, and assets of $7.2M (revenue -33.1% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.1M, and assets of $7.6M (revenue +2780.4% year-over-year).
- 2019: Revenue of $48K, expenses of $1.3M, and assets of $7.2M (revenue -89.2% year-over-year).
- 2015: Revenue of $449K, expenses of $1.3M, and assets of $9.2M (revenue -46.0% year-over-year).
- 2014: Revenue of $830K, expenses of $721K, and assets of $10.0M (revenue -32.0% year-over-year).
- 2013: Revenue of $1.2M, expenses of $639K, and assets of $9.9M (revenue +136.0% year-over-year).
- 2012: Revenue of $518K, expenses of $598K, and assets of $9.3M (revenue -1.0% year-over-year).
- 2011: Revenue of $523K, expenses of $534K, and assets of $9.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jmp Foundation Inc:
Data Sources and Methodology
This transparency report for Jmp 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.