Joan Capps Foundation Inc
Joan Capps Foundation consistently spends more than it earns, drawing down assets, but maintains strong balance sheet with no officer compensation.
EIN: 203446716 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $178K |
| Total Expenses | $76K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $710,653. |
| Net Assets | $690K |
| Transparency Score | 78/100 |
Is Joan Capps Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joan Capps Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joan Capps Foundation Inc
Joan Capps Foundation Inc (EIN: 203446716) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $178K and total assets of $711K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joan Capps Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joan Capps Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $76K |
| Surplus / Deficit | $-28,366 |
| Total Assets | $690K |
| Total Liabilities | $1 |
| Net Assets | $690K |
| Operating Margin | -59.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 109.3 months |
Financial Health Grade: B
In 2023, Joan Capps Foundation Inc reported a deficit of $28K with expenses exceeding revenue, holds 109.3 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), Joan Capps Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.7% | +18.5% | -3.9% |
| 2022 | -57.1% | -20.0% | -1.9% |
| 2021 | +122.0% | +25.8% | +5.2% |
| 2020 | -11.8% | -19.4% | -1.6% |
| 2019 | -12.3% | -14.0% | -10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Joan Capps Foundation Inc with a Mission Score of 78 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Joan Capps Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a foundation of its size with assets around $710,653.
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 Joan Capps Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, drawing down assets.
- Declining asset base over the past decade, from over $1 million to under $700,000.
Strengths
The following positive indicators were identified for Joan Capps Foundation Inc:
- Consistently reports 0% officer compensation, indicating efficient use of funds for leadership.
- Very strong balance sheet with consistently minimal liabilities ($1 reported in recent years).
- Long history of IRS 990 filings, demonstrating transparency and compliance.
- Substantial asset base ($710,653 latest reported) provides a buffer despite deficit spending.
Frequently Asked Questions about Joan Capps Foundation Inc
Is Joan Capps Foundation Inc a legitimate charity?
Joan Capps Foundation Inc (EIN: 203446716) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 78/100. It has 10 years of IRS 990 filings on record. Total revenue: $178K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Joan Capps Foundation Inc spend its money?
Joan Capps Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Joan Capps Foundation Inc tax-deductible?
Joan Capps Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203446716). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Joan Capps Foundation Inc CEO make?
Joan Capps Foundation Inc's highest-compensated officer earns $710,653. annually. The organization reported $178K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Joan Capps Foundation Inc's spending goes to programs?
Joan Capps Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Joan Capps Foundation Inc compare to similar nonprofits?
With a transparency score of 78/100 (Good), Joan Capps Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Joan Capps Foundation Inc located?
Joan Capps Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 203446716. It is classified under NTEE code T20.
How many years of IRS 990 filings does Joan Capps Foundation Inc have?
Joan Capps 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 $178K in total revenue.
Is Joan Capps Foundation Inc. financially sustainable given its spending trends?
The foundation has consistently spent more than its revenue in recent years (e.g., $75,766 expenses vs. $47,400 revenue in 2023), leading to a gradual decrease in assets from over $1 million in 2011 to $690,091 in 2023. While its current asset base is substantial, this trend is not sustainable long-term without increased revenue or reduced expenses.
What is the primary use of the foundation's funds?
As a T20 (Grantmaking Foundations) organization, its primary use of funds is expected to be grant distributions. However, without a detailed breakdown of expenses beyond total expenses, the exact allocation to programs versus other operational costs is not explicitly stated in the provided data.
How does the lack of officer compensation impact the organization?
The consistent 0% officer compensation is a significant positive, indicating very low administrative overhead related to executive salaries. This suggests a high degree of volunteer involvement or extremely lean operational costs, allowing more funds to potentially be directed towards its mission.
Filing History
IRS 990 filing history for Joan Capps Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Joan Capps Foundation Inc's revenue has grown by 351%, moving from $11K to $47K. Total assets decreased by 31.8% over the same period, from $1.0M to $690K. Total functional expenses fell by 22%, from $97K to $76K. In its most recent filing year (2023), Joan Capps Foundation Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $1 in liabilities against $690K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $690K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $76K | $690K | $1 | — | — |
| 2022 | $50K | $64K | $718K | $1 | — | View 990 |
| 2021 | $116K | $80K | $733K | $1 | — | View 990 |
| 2020 | $52K | $64K | $697K | $1 | — | — |
| 2019 | $59K | $79K | $708K | $1 | — | View 990 |
| 2015 | $68K | $92K | $793K | $1 | — | View 990 |
| 2014 | $63K | $86K | $817K | $1 | — | View 990 |
| 2013 | $21K | $85K | $839K | $1 | — | View 990 |
| 2012 | $12K | $120K | $904K | $0 | — | View 990 |
| 2011 | $11K | $97K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $76K, and assets of $690K (revenue -4.7% year-over-year).
- 2022: Revenue of $50K, expenses of $64K, and assets of $718K (revenue -57.1% year-over-year).
- 2021: Revenue of $116K, expenses of $80K, and assets of $733K (revenue +122.0% year-over-year).
- 2020: Revenue of $52K, expenses of $64K, and assets of $697K (revenue -11.8% year-over-year).
- 2019: Revenue of $59K, expenses of $79K, and assets of $708K (revenue -12.3% year-over-year).
- 2015: Revenue of $68K, expenses of $92K, and assets of $793K (revenue +6.8% year-over-year).
- 2014: Revenue of $63K, expenses of $86K, and assets of $817K (revenue +207.3% year-over-year).
- 2013: Revenue of $21K, expenses of $85K, and assets of $839K (revenue +72.9% year-over-year).
- 2012: Revenue of $12K, expenses of $120K, and assets of $904K (revenue +13.5% year-over-year).
- 2011: Revenue of $11K, expenses of $97K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joan Capps Foundation Inc:
Data Sources and Methodology
This transparency report for Joan Capps 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.