Jolie Pitt Foundation
Jolie Pitt Foundation consistently spends significantly more than its revenue, depleting assets.
EIN: 205176706 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $1.1M |
| Program Spending | 75% |
| Net Assets | $3.4M |
| Transparency Score | 45/100 |
Is Jolie Pitt Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jolie Pitt Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jolie Pitt Foundation
Jolie Pitt Foundation (EIN: 205176706) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $26K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jolie Pitt Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jolie Pitt Foundation is a micro 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 -33.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-1,105,156 |
| Total Assets | $3.4M |
| Total Liabilities | $1 |
| Net Assets | $3.4M |
| Operating Margin | -3249.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 35.5 months |
Financial Health Grade: B
In 2023, Jolie Pitt Foundation reported a deficit of $1.1M with expenses exceeding revenue, holds 35.5 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), Jolie Pitt Foundation's revenue has declined at a compound annual growth rate (CAGR) of -33.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | -9.9% | -24.9% |
| 2022 | +1120.5% | -27.4% | -21.6% |
| 2021 | -65.3% | -41.1% | -23.3% |
| 2020 | -99.6% | +183.2% | -28.3% |
| 2019 | +300.4% | -57.3% | +315.6% |
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 Jolie Pitt Foundation with a Mission Score of 45 out of 100 (Fair). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Jolie Pitt Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or directors are receiving salaries from the foundation, which is a strong positive 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 Jolie Pitt Foundation's IRS 990 filings:
- Consistent and significant operational deficits (e.g., $1,105,156 deficit in 2023).
- Continuous decline in total assets over several years (from $10.4M in 2019 to $3.3M in 2023).
- Revenue consistently insufficient to cover annual expenses.
Strengths
The following positive indicators were identified for Jolie Pitt Foundation:
- 0% officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Low liabilities reported in recent years (e.g., $1 in 2023).
Frequently Asked Questions about Jolie Pitt Foundation
Is Jolie Pitt Foundation a legitimate charity?
Jolie Pitt Foundation (EIN: 205176706) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $26K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Jolie Pitt Foundation spend its money?
Jolie Pitt Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Jolie Pitt Foundation tax-deductible?
Jolie Pitt Foundation is registered as a tax-exempt nonprofit (EIN: 205176706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jolie Pitt Foundation's spending goes to programs?
Jolie Pitt Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jolie Pitt Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Jolie Pitt Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jolie Pitt Foundation located?
Jolie Pitt Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 205176706. It is classified under NTEE code T20.
How many years of IRS 990 filings does Jolie Pitt Foundation have?
Jolie Pitt Foundation 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 $26K in total revenue.
How does the Jolie Pitt Foundation sustain its operations with such a large and consistent deficit?
The foundation sustains its operations by drawing down its asset base. For example, in 2023, expenses were $1,139,163 while revenue was only $34,007, meaning over $1.1 million was covered by existing assets.
What is the long-term financial strategy given the continuous decline in assets?
The filings do not explicitly detail a long-term financial strategy to address the asset depletion. The trend suggests a reliance on a finite endowment or past contributions without sufficient new revenue generation to cover expenses.
Are there plans to increase fundraising or reduce expenses to achieve financial stability?
The provided IRS 990 data does not offer insight into future plans for fundraising increases or expense reductions. The consistent revenue figures in recent years (e.g., $34,007 in 2023, $30,904 in 2022) do not suggest a significant increase in fundraising efforts.
Filing History
IRS 990 filing history for Jolie Pitt Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jolie Pitt Foundation's revenue has declined by 99.3%, moving from $4.6M to $34K. Total assets decreased by 31.7% over the same period, from $4.9M to $3.4M. Total functional expenses fell by 65.6%, from $3.3M to $1.1M. In its most recent filing year (2023), Jolie Pitt Foundation reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34K | $1.1M | $3.4M | $1 | — | — |
| 2022 | $31K | $1.3M | $4.5M | $234 | — | — |
| 2021 | $3K | $1.7M | $5.7M | $206 | — | — |
| 2020 | $7K | $3.0M | $7.5M | $167 | — | — |
| 2019 | $1.9M | $1.0M | $10.4M | $173 | — | — |
| 2015 | $479K | $2.4M | $2.5M | $13K | — | View 990 |
| 2014 | $5.1M | $2.4M | $4.5M | $14K | — | View 990 |
| 2013 | $1.7M | $2.3M | $1.8M | $5K | — | View 990 |
| 2012 | $512K | $3.1M | $2.4M | $6K | — | View 990 |
| 2011 | $4.6M | $3.3M | $4.9M | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34K, expenses of $1.1M, and assets of $3.4M (revenue +10.0% year-over-year).
- 2022: Revenue of $31K, expenses of $1.3M, and assets of $4.5M (revenue +1120.5% year-over-year).
- 2021: Revenue of $3K, expenses of $1.7M, and assets of $5.7M (revenue -65.3% year-over-year).
- 2020: Revenue of $7K, expenses of $3.0M, and assets of $7.5M (revenue -99.6% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.0M, and assets of $10.4M (revenue +300.4% year-over-year).
- 2015: Revenue of $479K, expenses of $2.4M, and assets of $2.5M (revenue -90.6% year-over-year).
- 2014: Revenue of $5.1M, expenses of $2.4M, and assets of $4.5M (revenue +205.1% year-over-year).
- 2013: Revenue of $1.7M, expenses of $2.3M, and assets of $1.8M (revenue +225.5% year-over-year).
- 2012: Revenue of $512K, expenses of $3.1M, and assets of $2.4M (revenue -88.9% year-over-year).
- 2011: Revenue of $4.6M, expenses of $3.3M, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jolie Pitt Foundation:
Data Sources and Methodology
This transparency report for Jolie Pitt Foundation 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.