Jon Bon Jovi Soul Foundation
Jon Bon Jovi Soul Foundation consistently operates without executive compensation, showing fluctuating but stable financial health.
EIN: 205036346 · Philadelphia, PA · NTEE: T90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $2.8M |
| Transparency Score | 90/100 |
Is Jon Bon Jovi Soul Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jon Bon Jovi Soul Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jon Bon Jovi Soul Foundation
Jon Bon Jovi Soul Foundation (EIN: 205036346) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code T90. The organization reported total revenue of $2.3M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jon Bon Jovi Soul Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jon Bon Jovi Soul Foundation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-23,524 |
| Total Assets | $2.9M |
| Total Liabilities | $110K |
| Net Assets | $2.8M |
| Operating Margin | -1.4% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 20.4 months |
Financial Health Grade: B
In 2023, Jon Bon Jovi Soul Foundation reported a deficit of $24K with expenses exceeding revenue, holds 20.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Jon Bon Jovi Soul Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.1% | -4.5% | +8.1% |
| 2022 | -4.2% | +29.0% | -20.5% |
| 2021 | +11.2% | -25.3% | +5.9% |
| 2020 | +17.6% | -5.0% | -12.8% |
| 2019 | +11.5% | +56.8% | -15.8% |
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 Jon Bon Jovi Soul Foundation with a Mission Score of 90 out of 100 (Excellent). 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, Jon Bon Jovi Soul Foundation 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 $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no officers or key employees receive salaries from the organization. This is a significant positive for a nonprofit of its size, with recent revenues around $1.7 million, as it suggests a high dedication to mission and efficient use of donor funds.
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 Jon Bon Jovi Soul Foundation's IRS 990 filings:
- Expenses exceeded revenue in multiple recent years (e.g., 2023, 2022, 2020, 2019, 2018), indicating reliance on reserves or prior year surpluses.
Strengths
The following positive indicators were identified for Jon Bon Jovi Soul Foundation:
- Zero officer compensation reported across all filing periods, demonstrating high financial integrity and dedication to mission.
- Assets consistently significantly exceed liabilities, indicating a strong balance sheet and financial resilience.
- Consistent filing history (13 filings) demonstrates transparency and compliance with IRS regulations.
Frequently Asked Questions about Jon Bon Jovi Soul Foundation
Is Jon Bon Jovi Soul Foundation a legitimate charity?
Jon Bon Jovi Soul Foundation (EIN: 205036346) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Jon Bon Jovi Soul Foundation spend its money?
Jon Bon Jovi Soul Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Jon Bon Jovi Soul Foundation tax-deductible?
Jon Bon Jovi Soul Foundation is registered as a tax-exempt nonprofit (EIN: 205036346). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Jon Bon Jovi Soul Foundation CEO make?
Jon Bon Jovi Soul Foundation's highest-compensated officer earns $1.7 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Jon Bon Jovi Soul Foundation's spending goes to programs?
Jon Bon Jovi Soul Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jon Bon Jovi Soul Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Jon Bon Jovi Soul Foundation is above average for NTEE category T90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jon Bon Jovi Soul Foundation located?
Jon Bon Jovi Soul Foundation is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 205036346. It is classified under NTEE code T90.
How many years of IRS 990 filings does Jon Bon Jovi Soul Foundation have?
Jon Bon Jovi Soul Foundation has 13 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 $2.3M in total revenue.
Is the Jon Bon Jovi Soul Foundation financially stable?
The foundation shows reasonable financial stability. While expenses have exceeded revenue in several recent years (e.g., 2023, 2022), its assets consistently outweigh liabilities, indicating a healthy reserve. For example, in 2023, assets were $2,944,719 against liabilities of $110,087.
How does the Jon Bon Jovi Soul Foundation manage executive compensation?
The Jon Bon Jovi Soul Foundation reports 0% officer compensation across all available filings, meaning no salaries are paid to its officers. This is a strong indicator of efficient resource allocation and a commitment to its mission.
What is the trend in the organization's revenue?
The organization's revenue has fluctuated significantly over the years, ranging from a low of $769,300 in 2015 to a high of $3,652,601 in 2016. More recently, revenue has been around $1.3M - $1.7M, showing some variability but generally maintaining a multi-million dollar intake.
Filing History
IRS 990 filing history for Jon Bon Jovi Soul Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jon Bon Jovi Soul Foundation's revenue has grown by 11.6%, moving from $1.5M to $1.7M. Total assets decreased by 14.2% over the same period, from $3.4M to $2.9M. Total functional expenses rose by 332.3%, from $400K to $1.7M. In its most recent filing year (2023), Jon Bon Jovi Soul Foundation reported a deficit of $24K, with expenses exceeding revenue. The organization holds $110K in liabilities against $2.9M in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $2.9M | $110K | — | — |
| 2022 | $1.4M | $1.8M | $2.7M | $68K | — | — |
| 2021 | $1.5M | $1.4M | $3.4M | $22K | — | View 990 |
| 2020 | $1.3M | $1.9M | $3.2M | $17K | — | — |
| 2019 | $1.1M | $2.0M | $3.7M | $26K | — | View 990 |
| 2018 | $999K | $1.3M | $4.4M | $15K | — | View 990 |
| 2017 | $2.5M | $2.1M | $4.8M | $31K | — | View 990 |
| 2016 | $3.7M | $1.5M | $4.3M | $65K | — | View 990 |
| 2015 | $769K | $1.6M | $2.6M | $528K | — | View 990 |
| 2014 | $1.8M | $1.1M | $2.9M | $6K | — | View 990 |
| 2013 | $1.2M | $1.0M | $2.2M | $8K | — | View 990 |
| 2012 | $989K | $2.4M | $2.7M | $763K | — | View 990 |
| 2011 | $1.5M | $400K | $3.4M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $2.9M (revenue +22.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.8M, and assets of $2.7M (revenue -4.2% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $3.4M (revenue +11.2% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.9M, and assets of $3.2M (revenue +17.6% year-over-year).
- 2019: Revenue of $1.1M, expenses of $2.0M, and assets of $3.7M (revenue +11.5% year-over-year).
- 2018: Revenue of $999K, expenses of $1.3M, and assets of $4.4M (revenue -60.2% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.1M, and assets of $4.8M (revenue -31.2% year-over-year).
- 2016: Revenue of $3.7M, expenses of $1.5M, and assets of $4.3M (revenue +374.8% year-over-year).
- 2015: Revenue of $769K, expenses of $1.6M, and assets of $2.6M (revenue -56.5% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.1M, and assets of $2.9M (revenue +49.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.0M, and assets of $2.2M (revenue +19.4% year-over-year).
- 2012: Revenue of $989K, expenses of $2.4M, and assets of $2.7M (revenue -35.2% year-over-year).
- 2011: Revenue of $1.5M, expenses of $400K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jon Bon Jovi Soul Foundation:
Data Sources and Methodology
This transparency report for Jon Bon Jovi Soul 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.