Joeys Foundation Inc
Joeys Foundation Inc faces declining assets due to consistent deficit spending in recent years.
EIN: 208989230 · Sheridan, WY · NTEE: O990 · Updated: 2026-03-28
Is Joeys Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joeys Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Joeys Foundation Inc
Joeys Foundation Inc (EIN: 208989230) is a nonprofit organization based in Sheridan, WY, classified under NTEE code O990. The organization reported total revenue of $103K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joeys Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joeys Foundation Inc with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Joeys Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Joeys Foundation Inc reports 0% officer compensation across all available filings, suggesting that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is unusual for an organization with its level of revenue but could indicate a strong commitment to directing funds to its mission.
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 Joeys Foundation Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., $97,760 expenses vs. $91,078 revenue in 2023).
- Significant decline in assets from $88,351 in 2019 to $8,230 in 2023, indicating a depletion of reserves.
- Very broad NTEE code (O990) which limits understanding of specific mission and activities without further investigation.
Strengths
The following positive indicators were identified for Joeys Foundation Inc:
- Consistent IRS 990 filing history (13 filings), indicating good compliance.
- No reported officer compensation across all filings, suggesting resources are not being used for executive salaries.
- Demonstrated ability to raise over $100,000 in revenue in most years, indicating donor support.
Frequently Asked Questions about Joeys Foundation Inc
Is Joeys Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Joeys Foundation Inc (EIN: 208989230) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Joeys Foundation Inc spend its money?
Joeys Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joeys Foundation Inc tax-deductible?
Joeys Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208989230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Joeys Foundation Inc financially sustainable given its recent deficit spending?
The organization has consistently spent more than it earned in recent years, leading to a significant reduction in assets from $88,351 in 2019 to $8,230 in 2023. This trend is not sustainable long-term without an increase in revenue or a reduction in expenses.
What are the specific programs Joeys Foundation Inc supports?
The provided NTEE code O990 ('All Other') is very general, and the summary data does not detail specific programs. A review of the full IRS 990 forms would be necessary to understand the organization's programmatic activities.
How does Joeys Foundation Inc manage its liabilities?
Liabilities have fluctuated, reaching a high of $31,600 in 2019 and standing at $7,637 in 2023. While the current liabilities are close to assets, the organization has generally managed to keep liabilities below assets, though the margin has significantly narrowed.
Filing History
IRS 990 filing history for Joeys Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Joeys Foundation Inc's revenue has grown by 2.7%, moving from $89K to $91K. Total assets decreased by 24.6% over the same period, from $11K to $8K. Total functional expenses rose by 5.5%, from $93K to $98K. In its most recent filing year (2023), Joeys Foundation Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $8K in liabilities against $8K in assets (debt-to-asset ratio: 92.8%), resulting in net assets of $593.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $91K | $98K | $8K | $8K | — | — |
| 2022 | $240K | $245K | $33K | $25K | — | View 990 |
| 2021 | $220K | $261K | $33K | $21K | — | View 990 |
| 2020 | $178K | $181K | $80K | $26K | — | View 990 |
| 2019 | $155K | $169K | $88K | $32K | — | View 990 |
| 2018 | $151K | $136K | $73K | $2K | — | View 990 |
| 2017 | $126K | $103K | $44K | $1K | — | View 990 |
| 2016 | $126K | $103K | $44K | $1K | — | View 990 |
| 2015 | $86K | $99K | $21K | $1K | — | View 990 |
| 2014 | $107K | $96K | $33K | $1K | — | View 990 |
| 2013 | $96K | $92K | $22K | $1K | — | View 990 |
| 2012 | $104K | $96K | $18K | $1K | — | View 990 |
| 2011 | $89K | $93K | $11K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $91K, expenses of $98K, and assets of $8K (revenue -62.1% year-over-year).
- 2022: Revenue of $240K, expenses of $245K, and assets of $33K (revenue +9.3% year-over-year).
- 2021: Revenue of $220K, expenses of $261K, and assets of $33K (revenue +23.2% year-over-year).
- 2020: Revenue of $178K, expenses of $181K, and assets of $80K (revenue +15.2% year-over-year).
- 2019: Revenue of $155K, expenses of $169K, and assets of $88K (revenue +2.6% year-over-year).
- 2018: Revenue of $151K, expenses of $136K, and assets of $73K (revenue +19.3% year-over-year).
- 2017: Revenue of $126K, expenses of $103K, and assets of $44K (revenue +0.0% year-over-year).
- 2016: Revenue of $126K, expenses of $103K, and assets of $44K (revenue +46.1% year-over-year).
- 2015: Revenue of $86K, expenses of $99K, and assets of $21K (revenue -19.0% year-over-year).
- 2014: Revenue of $107K, expenses of $96K, and assets of $33K (revenue +11.0% year-over-year).
- 2013: Revenue of $96K, expenses of $92K, and assets of $22K (revenue -7.4% year-over-year).
- 2012: Revenue of $104K, expenses of $96K, and assets of $18K (revenue +17.1% year-over-year).
- 2011: Revenue of $89K, expenses of $93K, and assets of $11K.
Data Sources and Methodology
This transparency report for Joeys 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.