Joyce Mack Foundation
Joyce Mack Foundation's assets have declined by over 98% since 2011 amidst years of minimal revenue and significant expenses.
EIN: 204756962 · Las Vegas, NV · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $40 |
| Total Expenses | $3K |
| Net Assets | $6K |
| Transparency Score | 5/100 |
Is Joyce Mack Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Joyce Mack Foundation
Joyce Mack Foundation (EIN: 204756962) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T22. The organization reported total revenue of $40 and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joyce Mack Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joyce Mack Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -54.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18 |
| Total Expenses | $3K |
| Surplus / Deficit | $-3,012 |
| Total Assets | $6K |
| Total Liabilities | $1 |
| Net Assets | $6K |
| Operating Margin | -16733.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 23.9 months |
Financial Health Grade: B
In 2023, Joyce Mack Foundation reported a deficit of $3K with expenses exceeding revenue, holds 23.9 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), Joyce Mack Foundation's revenue has declined at a compound annual growth rate (CAGR) of -54.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +350.0% | -26.4% | -33.3% |
| 2022 | +33.3% | -83.3% | -31.3% |
| 2021 | -100.0% | -15.3% | -65.2% |
| 2020 | +71340.0% | -60.8% | +124.2% |
| 2019 | -99.9% | +16.5% | -64.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Joyce Mack Foundation with a Mission Score of 5 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Joyce Mack Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that no salaries are paid to executives. While this suggests low overhead in one area, it doesn't address the overall financial instability.
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 Joyce Mack Foundation's IRS 990 filings:
- Consistent and severe deficit spending, with expenses far exceeding revenue for many years (e.g., 2023 revenue $18, expenses $3,030).
- Dramatic decline in assets by over 98% from $176,241 in 2011 to $3,303 currently, indicating unsustainable financial practices.
- Extremely low current revenue ($40 latest, $18 in 2023, $4 in 2022) making the organization's operational viability highly questionable.
- Lack of clear explanation for how expenses are covered given negligible income, suggesting reliance on asset depletion.
Strengths
The following positive indicators were identified for Joyce Mack Foundation:
- No officer compensation reported, indicating no executive salaries are contributing to the organization's expenses.
Frequently Asked Questions about Joyce Mack Foundation
Is Joyce Mack Foundation a legitimate charity?
Joyce Mack Foundation (EIN: 204756962) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 5/100. It has 10 years of IRS 990 filings on record. Total revenue: $40. 4 red flags identified. 1 strength noted. Financial health grade: B.
How does Joyce Mack Foundation spend its money?
Joyce Mack Foundation reported $40 in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Joyce Mack Foundation tax-deductible?
Joyce Mack Foundation is registered as a tax-exempt nonprofit (EIN: 204756962). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Joyce Mack Foundation compare to similar nonprofits?
With a transparency score of 5/100 (Very Poor), Joyce Mack Foundation is below average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Joyce Mack Foundation located?
Joyce Mack Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 204756962. It is classified under NTEE code T22.
How many years of IRS 990 filings does Joyce Mack Foundation have?
Joyce Mack Foundation 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 $40 in total revenue.
How does the Joyce Mack Foundation cover its expenses when revenue is consistently negligible?
The filings show a consistent pattern of expenses far exceeding revenue, leading to a significant depletion of assets over time. For example, in 2023, revenue was $18 while expenses were $3,030. This suggests the organization is drawing down its principal or relying on unreported funding sources, which is not sustainable.
What programs or activities is the Joyce Mack Foundation currently undertaking given its minimal revenue and assets?
With current assets of $3,303 and recent annual revenues as low as $4 (2022) and $18 (2023), it is unclear how the foundation could be funding any substantial programs or activities. The NTEE code T22 (Private Grantmaking Foundations) suggests it should be making grants, but the financial data does not support this.
Why have the assets of the foundation decreased so dramatically from $176,241 in 2011 to $3,303 currently?
The dramatic decrease in assets is directly attributable to the consistent pattern of expenses significantly outpacing revenue over more than a decade. For instance, in 2011, expenses were $265,450 against revenue of $230,108, and this trend of deficit spending has largely continued, liquidating the foundation's principal.
Filing History
IRS 990 filing history for Joyce Mack Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Joyce Mack Foundation's revenue has declined by 100%, moving from $230K to $18. Total assets decreased by 96.6% over the same period, from $176K to $6K. Total functional expenses fell by 98.9%, from $265K to $3K. In its most recent filing year (2023), Joyce Mack Foundation reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18 | $3K | $6K | $1 | — | — |
| 2022 | $4 | $4K | $9K | $1 | — | View 990 |
| 2021 | $3 | $25K | $13K | $1 | — | — |
| 2020 | $50K | $29K | $38K | $1 | — | View 990 |
| 2019 | $70 | $74K | $17K | $1 | — | View 990 |
| 2015 | $100K | $64K | $47K | $1 | — | View 990 |
| 2014 | $50K | $62K | $11K | $1 | — | View 990 |
| 2013 | $28 | $75K | $22K | $1 | — | View 990 |
| 2012 | $26 | $79K | $97K | $1 | — | View 990 |
| 2011 | $230K | $265K | $176K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18, expenses of $3K, and assets of $6K (revenue +350.0% year-over-year).
- 2022: Revenue of $4, expenses of $4K, and assets of $9K (revenue +33.3% year-over-year).
- 2021: Revenue of $3, expenses of $25K, and assets of $13K (revenue -100.0% year-over-year).
- 2020: Revenue of $50K, expenses of $29K, and assets of $38K (revenue +71340.0% year-over-year).
- 2019: Revenue of $70, expenses of $74K, and assets of $17K (revenue -99.9% year-over-year).
- 2015: Revenue of $100K, expenses of $64K, and assets of $47K (revenue +100.0% year-over-year).
- 2014: Revenue of $50K, expenses of $62K, and assets of $11K (revenue +178514.3% year-over-year).
- 2013: Revenue of $28, expenses of $75K, and assets of $22K (revenue +7.7% year-over-year).
- 2012: Revenue of $26, expenses of $79K, and assets of $97K (revenue -100.0% year-over-year).
- 2011: Revenue of $230K, expenses of $265K, and assets of $176K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joyce Mack Foundation:
Data Sources and Methodology
This transparency report for Joyce Mack 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.