Josiah Place Inc
Josiah Place Inc. consistently operates at a deficit, leading to a steady decline in assets over the past decade.
EIN: 202290028 · Omaha, NE · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $70K |
| Total Expenses | $108K |
| Program Spending | 80% |
| Net Assets | $473K |
| Transparency Score | 65/100 |
Is Josiah Place Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Josiah Place Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Josiah Place Inc
Josiah Place Inc (EIN: 202290028) is a nonprofit organization based in Omaha, NE, classified under NTEE code L20. The organization reported total revenue of $70K and total assets of $430K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Josiah Place Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Josiah Place Inc is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $108K |
| Surplus / Deficit | $-39,348 |
| Total Assets | $487K |
| Total Liabilities | $15K |
| Net Assets | $473K |
| Operating Margin | -57.2% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 54.1 months |
Financial Health Grade: B
In 2023, Josiah Place Inc reported a deficit of $39K with expenses exceeding revenue, holds 54.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Josiah Place Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.6% | +3.0% | -7.5% |
| 2022 | +2.8% | +2.7% | -7.3% |
| 2021 | +3.3% | +0.5% | -5.6% |
| 2020 | +1.5% | +4.3% | -5.5% |
| 2019 | -2.1% | +3.2% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Josiah Place Inc with a Mission Score of 65 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Josiah Place Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive sign for resource allocation given its modest 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 Josiah Place Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in all reported periods)
- Steady decline in total assets over the past decade (from $808,729 in 2014 to $487,310 in 2023)
Strengths
The following positive indicators were identified for Josiah Place Inc:
- 0% officer compensation, indicating efficient use of funds at the executive level
- Relatively stable revenue stream, albeit insufficient to cover expenses
Frequently Asked Questions about Josiah Place Inc
Is Josiah Place Inc a legitimate charity?
Josiah Place Inc (EIN: 202290028) is a registered tax-exempt nonprofit based in Nebraska. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $70K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Josiah Place Inc spend its money?
Josiah Place Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Josiah Place Inc tax-deductible?
Josiah Place Inc is registered as a tax-exempt nonprofit (EIN: 202290028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Josiah Place Inc's spending goes to programs?
Josiah Place Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Josiah Place Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Josiah Place Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Josiah Place Inc located?
Josiah Place Inc is headquartered in Omaha, Nebraska and files with the IRS under EIN 202290028. It is classified under NTEE code L20.
How many years of IRS 990 filings does Josiah Place Inc have?
Josiah Place 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 $70K in total revenue.
How does Josiah Place Inc. cover its consistent operational deficits?
The organization consistently spends more than it earns, with expenses exceeding revenue in every reported year. This deficit is likely covered by drawing down on its existing asset base, which has decreased from $808,729 in 2014 to $487,310 in 2023.
What is the long-term sustainability outlook for Josiah Place Inc. given its declining assets?
The continuous decline in assets, coupled with persistent operational deficits, raises concerns about the organization's long-term financial sustainability. Without a change in revenue generation or expense management, the asset base will continue to diminish.
What are the primary sources of revenue for Josiah Place Inc.?
The provided data only shows total revenue, which has fluctuated between $53,524 and $68,792. A detailed breakdown of revenue sources (e.g., donations, grants, program service fees) would require examining the full IRS 990 forms.
Filing History
IRS 990 filing history for Josiah Place Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Josiah Place Inc's revenue has grown by 52.3%, moving from $45K to $69K. Total assets decreased by 47.1% over the same period, from $921K to $487K. Total functional expenses rose by 29.4%, from $84K to $108K. In its most recent filing year (2023), Josiah Place Inc reported a deficit of $39K, with expenses exceeding revenue. The organization holds $15K in liabilities against $487K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $473K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $108K | $487K | $15K | — | — |
| 2022 | $67K | $105K | $527K | $15K | — | View 990 |
| 2021 | $65K | $102K | $568K | $18K | — | — |
| 2020 | $63K | $102K | $602K | $15K | — | View 990 |
| 2019 | $62K | $98K | $637K | $11K | — | View 990 |
| 2018 | $63K | $95K | $671K | $10K | — | View 990 |
| 2017 | $63K | $97K | $702K | $10K | — | View 990 |
| 2016 | $58K | $89K | $738K | $12K | — | View 990 |
| 2015 | $57K | $95K | $772K | $15K | — | View 990 |
| 2014 | $54K | $94K | $809K | $14K | — | View 990 |
| 2013 | $53K | $85K | $851K | $15K | — | View 990 |
| 2012 | $49K | $88K | $884K | $17K | — | View 990 |
| 2011 | $45K | $84K | $921K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $69K, expenses of $108K, and assets of $487K (revenue +2.6% year-over-year).
- 2022: Revenue of $67K, expenses of $105K, and assets of $527K (revenue +2.8% year-over-year).
- 2021: Revenue of $65K, expenses of $102K, and assets of $568K (revenue +3.3% year-over-year).
- 2020: Revenue of $63K, expenses of $102K, and assets of $602K (revenue +1.5% year-over-year).
- 2019: Revenue of $62K, expenses of $98K, and assets of $637K (revenue -2.1% year-over-year).
- 2018: Revenue of $63K, expenses of $95K, and assets of $671K (revenue +0.0% year-over-year).
- 2017: Revenue of $63K, expenses of $97K, and assets of $702K (revenue +9.5% year-over-year).
- 2016: Revenue of $58K, expenses of $89K, and assets of $738K (revenue +1.1% year-over-year).
- 2015: Revenue of $57K, expenses of $95K, and assets of $772K (revenue +7.2% year-over-year).
- 2014: Revenue of $54K, expenses of $94K, and assets of $809K (revenue +1.9% year-over-year).
- 2013: Revenue of $53K, expenses of $85K, and assets of $851K (revenue +7.0% year-over-year).
- 2012: Revenue of $49K, expenses of $88K, and assets of $884K (revenue +8.7% year-over-year).
- 2011: Revenue of $45K, expenses of $84K, and assets of $921K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Josiah Place Inc:
Data Sources and Methodology
This transparency report for Josiah Place 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.