Josephs Coat Inc
Josephs Coat Inc shows consistent revenue and asset growth with no officer compensation.
EIN: 201380542 · Blair, NE · NTEE: P29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $498K |
| Total Expenses | $264K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $500,000 |
| Net Assets | $761K |
| Transparency Score | 92/100 |
Is Josephs Coat Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Josephs Coat Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Josephs Coat Inc
Josephs Coat Inc (EIN: 201380542) is a nonprofit organization based in Blair, NE, classified under NTEE code P29. The organization reported total revenue of $498K and total assets of $925K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Josephs Coat Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Josephs Coat Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $431K |
| Total Expenses | $264K |
| Surplus / Deficit | +$168K |
| Total Assets | $764K |
| Total Liabilities | $4K |
| Net Assets | $761K |
| Operating Margin | 38.8% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 34.8 months |
Financial Health Grade: A
In 2023, Josephs Coat Inc reported a surplus of $168K with revenue exceeding expenses, holds 34.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Josephs Coat Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.2% | +10.5% | +28.6% |
| 2022 | -2.3% | +14.2% | +16.2% |
| 2021 | -5.7% | +1.7% | +4.1% |
| 2020 | +23.2% | -7.2% | +49.7% |
| 2019 | +5.6% | +6.4% | +23.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Josephs Coat Inc with a Mission Score of 92 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, Josephs Coat Inc 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 surplus of $168K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
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, which is highly unusual for an organization with nearly $500,000 in annual revenue.
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 Josephs Coat Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents precise efficiency analysis.
Strengths
The following positive indicators were identified for Josephs Coat Inc:
- Consistent revenue growth, from $281,166 in 2019 to $431,407 in 2023.
- Significant asset growth, from $328,316 in 2019 to $764,445 in 2023.
- Zero officer compensation reported across all filing periods, indicating high resource allocation to mission.
- Very low liabilities, consistently under $4,000 in recent years, demonstrating strong financial management.
- Consistent surplus generation in recent years (e.g., $167,503 surplus in 2023).
Frequently Asked Questions about Josephs Coat Inc
Is Josephs Coat Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Josephs Coat Inc (EIN: 201380542) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Josephs Coat Inc spend its money?
Josephs Coat Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Josephs Coat Inc tax-deductible?
Josephs Coat Inc is registered as a tax-exempt nonprofit (EIN: 201380542). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Josephs Coat Inc CEO make?
Josephs Coat Inc's highest-compensated officer earns $500,000 annually. The organization reported $498K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Josephs Coat Inc's spending goes to programs?
Josephs Coat Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Josephs Coat Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Josephs Coat Inc is above average for NTEE category P29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Josephs Coat Inc located?
Josephs Coat Inc is headquartered in Blair, Nebraska and files with the IRS under EIN 201380542. It is classified under NTEE code P29.
How many years of IRS 990 filings does Josephs Coat Inc have?
Josephs Coat Inc 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 $498K in total revenue.
Is Josephs Coat Inc a good charity?
Based on the available financial data, Josephs Coat Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth in revenue and assets, and a notable commitment to directing resources to its mission by not paying officer compensation.
How has Josephs Coat Inc's financial health changed over time?
Josephs Coat Inc has shown significant financial improvement and growth. Revenue has increased from $281,166 in 2019 to $431,407 in 2023, and assets have nearly doubled from $328,316 to $764,445 in the same period, indicating robust financial health and capacity building.
Does Josephs Coat Inc have high administrative costs?
While specific administrative cost percentages are not detailed, the overall expense ratio relative to revenue is low (e.g., $263,904 expenses on $431,407 revenue in 2023), and the absence of officer compensation suggests that administrative overhead is likely kept to a minimum, allowing more funds for programs.
Filing History
IRS 990 filing history for Josephs Coat Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Josephs Coat Inc's revenue has grown by 56.5%, moving from $276K to $431K. Total assets increased by 129.4% over the same period, from $333K to $764K. Total functional expenses rose by 15%, from $229K to $264K. In its most recent filing year (2023), Josephs Coat Inc reported a surplus of $168K, with revenue exceeding expenses. The organization holds $4K in liabilities against $764K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $761K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $431K | $264K | $764K | $4K | — | View 990 |
| 2022 | $319K | $239K | $595K | $4K | — | View 990 |
| 2021 | $327K | $209K | $512K | $3K | — | View 990 |
| 2020 | $346K | $206K | $492K | $29K | — | View 990 |
| 2019 | $281K | $222K | $328K | $7K | — | View 990 |
| 2018 | $266K | $208K | $265K | $3K | — | View 990 |
| 2017 | $254K | $297K | $211K | $7K | — | View 990 |
| 2016 | $320K | $344K | $255K | $7K | — | View 990 |
| 2015 | $321K | $365K | $277K | $6K | — | View 990 |
| 2014 | $308K | $325K | $326K | $12K | — | View 990 |
| 2013 | $266K | $303K | $337K | $5K | — | View 990 |
| 2012 | $243K | $205K | $369K | $0 | — | View 990 |
| 2011 | $276K | $229K | $333K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $431K, expenses of $264K, and assets of $764K (revenue +35.2% year-over-year).
- 2022: Revenue of $319K, expenses of $239K, and assets of $595K (revenue -2.3% year-over-year).
- 2021: Revenue of $327K, expenses of $209K, and assets of $512K (revenue -5.7% year-over-year).
- 2020: Revenue of $346K, expenses of $206K, and assets of $492K (revenue +23.2% year-over-year).
- 2019: Revenue of $281K, expenses of $222K, and assets of $328K (revenue +5.6% year-over-year).
- 2018: Revenue of $266K, expenses of $208K, and assets of $265K (revenue +5.0% year-over-year).
- 2017: Revenue of $254K, expenses of $297K, and assets of $211K (revenue -20.8% year-over-year).
- 2016: Revenue of $320K, expenses of $344K, and assets of $255K (revenue -0.4% year-over-year).
- 2015: Revenue of $321K, expenses of $365K, and assets of $277K (revenue +4.4% year-over-year).
- 2014: Revenue of $308K, expenses of $325K, and assets of $326K (revenue +15.7% year-over-year).
- 2013: Revenue of $266K, expenses of $303K, and assets of $337K (revenue +9.6% year-over-year).
- 2012: Revenue of $243K, expenses of $205K, and assets of $369K (revenue -12.0% year-over-year).
- 2011: Revenue of $276K, expenses of $229K, and assets of $333K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Josephs Coat Inc:
Data Sources and Methodology
This transparency report for Josephs Coat 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.