Josephine Ardery Foundation Inc
Josephine Ardery Foundation maintains stable $1.5M assets with no officer compensation reported.
EIN: 208432064 · Lexington, KY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $879K |
| Total Expenses | $98K |
| Program Spending | 85% |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Josephine Ardery Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Josephine Ardery Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Josephine Ardery Foundation Inc
Josephine Ardery Foundation Inc (EIN: 208432064) is a nonprofit organization based in Lexington, KY, classified under NTEE code T20. The organization reported total revenue of $879K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Josephine Ardery Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Josephine Ardery Foundation Inc is a small 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 27.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $75K |
| Total Expenses | $98K |
| Surplus / Deficit | $-22,775 |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | -30.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 183.6 months |
Financial Health Grade: B
In 2023, Josephine Ardery Foundation Inc reported a deficit of $23K with expenses exceeding revenue, holds 183.6 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), Josephine Ardery Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.3% | -8.0% | -1.5% |
| 2022 | -40.0% | -5.5% | -1.8% |
| 2021 | +17.7% | +12.3% | +1.2% |
| 2020 | -5.1% | +0.2% | +0.7% |
| 2019 | -92.4% | +159.1% | -0.4% |
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 Josephine Ardery Foundation Inc with a Mission Score of 85 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Josephine Ardery Foundation Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable 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 Josephine Ardery Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown to verify program spending ratio (beyond officer comp)
- Significant revenue fluctuation in 2015 without immediate explanation in provided data
Strengths
The following positive indicators were identified for Josephine Ardery Foundation Inc:
- Consistent asset base of approximately $1.5 million, indicating financial stability.
- Zero reported officer compensation across all filings, suggesting efficient use of funds for leadership.
- Minimal liabilities ($1) consistently reported, indicating a very strong balance sheet.
- Long and consistent IRS 990 filing history, demonstrating transparency and compliance.
- NTEE code T20 (Grantmaking Foundation) aligns with a mission focused on philanthropy.
Frequently Asked Questions about Josephine Ardery Foundation Inc
Is Josephine Ardery Foundation Inc a legitimate charity?
Josephine Ardery Foundation Inc (EIN: 208432064) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $879K. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Josephine Ardery Foundation Inc spend its money?
Josephine Ardery Foundation Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Josephine Ardery Foundation Inc tax-deductible?
Josephine Ardery Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208432064). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Josephine Ardery Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Josephine Ardery 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 Josephine Ardery Foundation Inc located?
Josephine Ardery Foundation Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 208432064. It is classified under NTEE code T20.
How many years of IRS 990 filings does Josephine Ardery Foundation Inc have?
Josephine Ardery 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 $879K in total revenue.
What caused the significant revenue spike in 2015 ($1,536,231) compared to other years?
The IRS 990 data shows a substantial increase in revenue in 2015, which is an anomaly compared to the typical annual revenues ranging from $75,000 to $130,000. This could be due to a large one-time donation, a significant investment gain, or a change in reporting, and would require reviewing the full 990 for that year for clarification.
How does the foundation allocate its expenses between grants/programs and administrative costs?
While total expenses are provided, the available data does not offer a detailed breakdown of program service expenses versus administrative and fundraising costs. Given the NTEE code T20, a significant portion of expenses should ideally be directed towards grants or program services. The 0% officer compensation suggests low administrative burden.
What is the primary source of the foundation's revenue in recent years?
The filings show fluctuating revenues, but without specific line items from the 990, it's unclear if the revenue primarily comes from investment income, contributions, or other sources. Given its nature as a foundation, investment income is a likely significant component.
Filing History
IRS 990 filing history for Josephine Ardery Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Josephine Ardery Foundation Inc's revenue has grown by 1770.9%, moving from $4K to $75K. Total assets increased by 36353.5% over the same period, from $4K to $1.5M. Total functional expenses rose by 9994.4%, from $967 to $98K. In its most recent filing year (2023), Josephine Ardery Foundation Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $75K | $98K | $1.5M | $1 | — | View 990 |
| 2022 | $78K | $106K | $1.5M | $1 | — | View 990 |
| 2021 | $130K | $112K | $1.5M | $1 | — | View 990 |
| 2020 | $111K | $100K | $1.5M | $1 | — | — |
| 2019 | $117K | $100K | $1.5M | $1 | — | View 990 |
| 2015 | $1.5M | $39K | $1.5M | $1 | — | View 990 |
| 2014 | $10K | $11K | $24K | $1 | — | View 990 |
| 2013 | $25K | $4K | $24K | $1 | — | View 990 |
| 2012 | $1 | $695 | $3K | $1 | — | View 990 |
| 2011 | $4K | $967 | $4K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $75K, expenses of $98K, and assets of $1.5M (revenue -4.3% year-over-year).
- 2022: Revenue of $78K, expenses of $106K, and assets of $1.5M (revenue -40.0% year-over-year).
- 2021: Revenue of $130K, expenses of $112K, and assets of $1.5M (revenue +17.7% year-over-year).
- 2020: Revenue of $111K, expenses of $100K, and assets of $1.5M (revenue -5.1% year-over-year).
- 2019: Revenue of $117K, expenses of $100K, and assets of $1.5M (revenue -92.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $39K, and assets of $1.5M (revenue +14725.6% year-over-year).
- 2014: Revenue of $10K, expenses of $11K, and assets of $24K (revenue -58.7% year-over-year).
- 2013: Revenue of $25K, expenses of $4K, and assets of $24K (revenue +2508800.0% year-over-year).
- 2012: Revenue of $1, expenses of $695, and assets of $3K (revenue -100.0% year-over-year).
- 2011: Revenue of $4K, expenses of $967, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Josephine Ardery Foundation Inc:
Data Sources and Methodology
This transparency report for Josephine Ardery 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.