Joshua Fund
Joshua Fund experiences significant revenue growth but recent filings show expenses exceeding income with no officer compensation.
EIN: 205350994 · Mclean, VA · NTEE: X99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.1M |
| Total Expenses | $8.9M |
| Program Spending | 85% |
| Net Assets | $2.0M |
| Transparency Score | 80/100 |
Is Joshua Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joshua Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joshua Fund
Joshua Fund (EIN: 205350994) is a nonprofit organization based in Mclean, VA, classified under NTEE code X99. The organization reported total revenue of $19.1M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joshua Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joshua Fund is a large 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 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $8.9M |
| Surplus / Deficit | $-2,308,071 |
| Total Assets | $2.3M |
| Total Liabilities | $268K |
| Net Assets | $2.0M |
| Operating Margin | -35.2% |
| Debt-to-Asset Ratio | 11.9% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2023, Joshua Fund reported a deficit of $2.3M with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 11.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Joshua Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.0% | +19.4% | -55.0% |
| 2022 | +60.7% | +55.5% | -0.4% |
| 2021 | -27.5% | -10.1% | -4.5% |
| 2020 | +11.6% | -6.2% | +21.4% |
| 2019 | -6.3% | -5.5% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| 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 Joshua Fund with a Mission Score of 80 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, Joshua Fund 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 $2.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with annual revenues in the millions and suggests either a volunteer leadership structure or compensation being covered by an affiliated entity, which would warrant further investigation for complete transparency.
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 Joshua Fund's IRS 990 filings:
- Consistent reporting of 0% officer compensation for a multi-million dollar organization, which may obscure true leadership costs.
- Expenses exceeding revenue in the most recent detailed filing (202309), indicating a deficit for that period.
- NTEE code X99 (unclassified) provides limited insight into specific program areas without further documentation.
Strengths
The following positive indicators were identified for Joshua Fund:
- Strong commitment to minimizing reported officer compensation, potentially indicating efficient use of funds in that area.
- Significant revenue growth in the latest reported period, suggesting increased donor support or successful fundraising efforts.
- Consistent financial reporting over many years, demonstrating a history of compliance.
Frequently Asked Questions about Joshua Fund
Is Joshua Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Joshua Fund (EIN: 205350994) some concerns. Mission Score: 80/100. 3 red flags identified, 3 strengths noted.
How does Joshua Fund spend its money?
Joshua Fund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joshua Fund tax-deductible?
Joshua Fund is registered as a tax-exempt nonprofit (EIN: 205350994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Joshua Fund's spending goes to programs?
Joshua Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Joshua Fund compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Joshua Fund is above average for NTEE category X99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Joshua Fund located?
Joshua Fund is headquartered in Mclean, Virginia and files with the IRS under EIN 205350994. It is classified under NTEE code X99.
How many years of IRS 990 filings does Joshua Fund have?
Joshua Fund 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 $19.1M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests either a fully volunteer leadership, or that compensation for key personnel is being paid by a related entity, or through other means not reported as officer compensation on the 990. Further clarification would be beneficial for complete financial transparency.
What caused the significant increase in latest reported revenue to $19,111,070?
The latest reported revenue of $19,111,070 is a substantial increase compared to the $4-7 million range seen in previous detailed filings. Understanding the source of this significant revenue spike (e.g., a major grant, a specific campaign, or a change in reporting) is crucial for assessing the organization's financial stability and future outlook.
Why did expenses exceed revenue in the 202309 period?
In the 202309 period, expenses ($8,871,107) significantly exceeded revenue ($6,563,036), resulting in a deficit. Understanding the reasons for this deficit and how it was covered (e.g., drawing from reserves, one-time expenses) is important for evaluating financial management.
What specific programs does Joshua Fund operate given its NTEE code X99?
The NTEE code X99 indicates a broad or unclassified category. For donors and stakeholders, more specific information on the programs and activities Joshua Fund engages in would enhance transparency and allow for a better understanding of its mission impact.
Filing History
IRS 990 filing history for Joshua Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Joshua Fund's revenue has grown by 12.6%, moving from $5.8M to $6.6M. Total assets decreased by 55.8% over the same period, from $5.1M to $2.3M. Total functional expenses rose by 52%, from $5.8M to $8.9M. In its most recent filing year (2023), Joshua Fund reported a deficit of $2.3M, with expenses exceeding revenue. The organization holds $268K in liabilities against $2.3M in assets (debt-to-asset ratio: 11.9%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $8.9M | $2.3M | $268K | — | — |
| 2022 | $7.1M | $7.4M | $5.0M | $761K | — | View 990 |
| 2021 | $4.4M | $4.8M | $5.0M | $366K | — | — |
| 2020 | $6.1M | $5.3M | $5.3M | $217K | — | — |
| 2019 | $5.4M | $5.7M | $4.3M | $103K | — | View 990 |
| 2018 | $5.8M | $6.0M | $4.6M | $114K | — | View 990 |
| 2017 | $6.1M | $6.1M | $4.9M | $198K | — | — |
| 2016 | $6.4M | $7.4M | $4.9M | $260K | — | View 990 |
| 2015 | $7.5M | $7.2M | $5.7M | $122K | — | View 990 |
| 2014 | $7.8M | $7.1M | $5.7M | $340K | — | View 990 |
| 2013 | $6.2M | $7.0M | $4.8M | $120K | — | View 990 |
| 2012 | $8.2M | $6.2M | $5.5M | $29K | — | View 990 |
| 2011 | $5.8M | $5.8M | $5.1M | $118K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $8.9M, and assets of $2.3M (revenue -7.0% year-over-year).
- 2022: Revenue of $7.1M, expenses of $7.4M, and assets of $5.0M (revenue +60.7% year-over-year).
- 2021: Revenue of $4.4M, expenses of $4.8M, and assets of $5.0M (revenue -27.5% year-over-year).
- 2020: Revenue of $6.1M, expenses of $5.3M, and assets of $5.3M (revenue +11.6% year-over-year).
- 2019: Revenue of $5.4M, expenses of $5.7M, and assets of $4.3M (revenue -6.3% year-over-year).
- 2018: Revenue of $5.8M, expenses of $6.0M, and assets of $4.6M (revenue -5.3% year-over-year).
- 2017: Revenue of $6.1M, expenses of $6.1M, and assets of $4.9M (revenue -4.5% year-over-year).
- 2016: Revenue of $6.4M, expenses of $7.4M, and assets of $4.9M (revenue -14.3% year-over-year).
- 2015: Revenue of $7.5M, expenses of $7.2M, and assets of $5.7M (revenue -3.6% year-over-year).
- 2014: Revenue of $7.8M, expenses of $7.1M, and assets of $5.7M (revenue +25.4% year-over-year).
- 2013: Revenue of $6.2M, expenses of $7.0M, and assets of $4.8M (revenue -24.7% year-over-year).
- 2012: Revenue of $8.2M, expenses of $6.2M, and assets of $5.5M (revenue +40.9% year-over-year).
- 2011: Revenue of $5.8M, expenses of $5.8M, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joshua Fund:
Data Sources and Methodology
This transparency report for Joshua Fund 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.