Joe Strauss Foundation Inc
Joe Strauss Foundation Inc. consistently spends more than it earns, depleting assets.
EIN: 10575469 · Coventry, RI · NTEE: N64 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3 |
| Total Expenses | $500 |
| Net Assets | $10K |
| Transparency Score | 10/100 |
Is Joe Strauss Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Joe Strauss Foundation Inc
Joe Strauss Foundation Inc (EIN: 10575469) is a nonprofit organization based in Coventry, RI, classified under NTEE code N64. The organization reported total revenue of $3 and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joe Strauss Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joe Strauss Foundation Inc is a micro nonprofit that has been operating for 24 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -50.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $3 |
| Total Expenses | $500 |
| Surplus / Deficit | $-497 |
| Total Assets | $10K |
| Net Assets | $10K |
| Operating Margin | -16566.7% |
| Months of Reserves | 247.4 months |
Financial Health Grade: B
In 2021, Joe Strauss Foundation Inc reported a deficit of $497 with expenses exceeding revenue, holds 247.4 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2021), Joe Strauss Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -50.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -57.1% | +0.0% | -4.6% |
| 2020 | -41.7% | +0.0% | -4.4% |
| 2019 | +9.1% | +0.0% | -4.1% |
| 2018 | +0.0% | — | -4.0% |
| 2017 | +0.0% | -100.0% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Joe Strauss Foundation Inc with a Mission Score of 10 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.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Joe Strauss Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $497, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is a positive for minimizing administrative overhead.
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 Joe Strauss Foundation Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $3 revenue vs. $500 expenses in 2021)
- Steady decline in assets over the past decade (from $17,654 in 2012 to $10,310 in 2021)
- Extremely low revenue generation, often in single or double digits annually
- Lack of detailed functional expense breakdown to understand spending allocation
Strengths
The following positive indicators were identified for Joe Strauss Foundation Inc:
- No reported officer compensation, indicating low executive overhead
- Consistent IRS 990 filing history, demonstrating compliance and transparency in reporting
Frequently Asked Questions about Joe Strauss Foundation Inc
Is Joe Strauss Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Joe Strauss Foundation Inc (EIN: 10575469) significant concerns. Mission Score: 10/100. 4 red flags identified, 2 strengths noted.
How does Joe Strauss Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Joe Strauss Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Joe Strauss Foundation Inc tax-deductible?
Joe Strauss Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10575469). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Joe Strauss Foundation Inc compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Joe Strauss Foundation Inc is below average for NTEE category N64 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Joe Strauss Foundation Inc located?
Joe Strauss Foundation Inc is headquartered in Coventry, Rhode Island and files with the IRS under EIN 10575469. It is classified under NTEE code N64.
How many years of IRS 990 filings does Joe Strauss Foundation Inc have?
Joe Strauss Foundation Inc 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 in total revenue.
What are the specific activities or programs the Joe Strauss Foundation Inc. undertakes?
The provided IRS 990 data does not detail specific program activities, making it difficult to understand how the reported expenses are utilized for its mission.
How does the organization cover its consistent $500 annual expenses with such low revenue?
The organization appears to cover its expenses by drawing down its assets, as evidenced by the decline from $17,654 in 2012 to $10,310 in 2021, given its minimal revenue.
Is the Joe Strauss Foundation Inc. financially sustainable in the long term?
Based on the trend of expenses consistently exceeding revenue and declining assets, the organization's current financial model does not appear sustainable without a significant increase in funding.
Filing History
IRS 990 filing history for Joe Strauss Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Joe Strauss Foundation Inc's revenue has declined by 99.9%, moving from $3K to $3. Total assets decreased by 57.1% over the same period, from $24K to $10K. Total functional expenses fell by 90.9%, from $6K to $500. In its most recent filing year (2021), Joe Strauss Foundation Inc reported a deficit of $497, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $3 | $500 | $10K | $0 | — | — |
| 2020 | $7 | $500 | $11K | $0 | — | View 990 |
| 2019 | $12 | $500 | $11K | $0 | — | View 990 |
| 2018 | $11 | $500 | $12K | $0 | — | View 990 |
| 2017 | $11 | $0 | $12K | $0 | — | View 990 |
| 2016 | $11 | $500 | $12K | $0 | — | View 990 |
| 2015 | $138 | $500 | $13K | $0 | — | View 990 |
| 2014 | $1K | $2K | $13K | $0 | — | View 990 |
| 2013 | $390 | $4K | $14K | $0 | — | View 990 |
| 2012 | $16 | $6K | $18K | $0 | — | View 990 |
| 2011 | $3K | $6K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $3, expenses of $500, and assets of $10K (revenue -57.1% year-over-year).
- 2020: Revenue of $7, expenses of $500, and assets of $11K (revenue -41.7% year-over-year).
- 2019: Revenue of $12, expenses of $500, and assets of $11K (revenue +9.1% year-over-year).
- 2018: Revenue of $11, expenses of $500, and assets of $12K (revenue +0.0% year-over-year).
- 2017: Revenue of $11, expenses of $0, and assets of $12K (revenue +0.0% year-over-year).
- 2016: Revenue of $11, expenses of $500, and assets of $12K (revenue -92.0% year-over-year).
- 2015: Revenue of $138, expenses of $500, and assets of $13K (revenue -87.1% year-over-year).
- 2014: Revenue of $1K, expenses of $2K, and assets of $13K (revenue +175.1% year-over-year).
- 2013: Revenue of $390, expenses of $4K, and assets of $14K (revenue +2337.5% year-over-year).
- 2012: Revenue of $16, expenses of $6K, and assets of $18K (revenue -99.5% year-over-year).
- 2011: Revenue of $3K, expenses of $6K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joe Strauss Foundation Inc:
Data Sources and Methodology
This transparency report for Joe Strauss 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.