Michael Jones Foundation
Michael Jones Foundation consistently grows assets with minimal expenses and no reported officer compensation.
EIN: 201997491 · Tabor City, NC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $654K |
| Total Expenses | $61K |
| Program Spending | 85% |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Michael Jones Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michael Jones Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Michael Jones Foundation
Michael Jones Foundation (EIN: 201997491) is a nonprofit organization based in Tabor City, NC, classified under NTEE code T20. The organization reported total revenue of $654K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael Jones Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael Jones Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 30.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $115K |
| Total Expenses | $61K |
| Surplus / Deficit | +$54K |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | 46.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 269.4 months |
Financial Health Grade: A
In 2023, Michael Jones Foundation reported a surplus of $54K with revenue exceeding expenses, holds 269.4 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), Michael Jones Foundation's revenue has grown at a compound annual growth rate (CAGR) of 30.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -73.8% | +33.7% | +4.1% |
| 2022 | +111.9% | +17.0% | +42.3% |
| 2021 | -27.4% | +37.6% | +22.1% |
| 2020 | +101.5% | +17.0% | +50.9% |
| 2019 | +363.9% | +42.0% | +67.6% |
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 Michael Jones Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Michael Jones Foundation 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 $54K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Michael Jones Foundation reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure or that compensation is covered by other means, 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 Michael Jones Foundation's IRS 990 filings:
- Extremely low expense ratio relative to revenue, potentially indicating limited direct program spending or a primary focus on asset accumulation rather than immediate charitable impact.
- Lack of detailed program spending information in the provided summary makes it difficult to assess direct charitable impact.
Strengths
The following positive indicators were identified for Michael Jones Foundation:
- Consistent and significant asset growth, indicating strong financial management and sustainability (from $279,488 in 2011 to $1,376,228 in 2023).
- Zero reported officer compensation across all filings, demonstrating excellent control over executive overhead.
- Very low liabilities ($1 across all periods), indicating strong financial health and minimal debt.
- Consistent positive net income in most years, contributing to asset growth.
Frequently Asked Questions about Michael Jones Foundation
Is Michael Jones Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Michael Jones Foundation (EIN: 201997491) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Michael Jones Foundation spend its money?
Michael Jones Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Michael Jones Foundation tax-deductible?
Michael Jones Foundation is registered as a tax-exempt nonprofit (EIN: 201997491). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Michael Jones Foundation's spending goes to programs?
Michael Jones Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Michael Jones Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Michael Jones Foundation 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 Michael Jones Foundation located?
Michael Jones Foundation is headquartered in Tabor City, North Carolina and files with the IRS under EIN 201997491. It is classified under NTEE code T20.
How many years of IRS 990 filings does Michael Jones Foundation have?
Michael Jones 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 $654K in total revenue.
What are the specific programs the Michael Jones Foundation funds or operates?
The provided IRS 990 data does not detail specific programs, only overall revenue and expense figures. Further investigation into their public communications or detailed 990 schedules would be needed.
Why are the expenses consistently so low compared to revenue and asset growth?
The low expenses relative to revenue and significant asset growth (e.g., $439,222 revenue vs. $45,855 expenses in 2022) suggest a strategy focused on asset accumulation or endowment building rather than high immediate program spending. It could also indicate a highly efficient, volunteer-driven operation.
How does the foundation ensure its accumulated assets are eventually used for charitable purposes?
While assets have grown substantially from $279,488 in 2011 to $1,376,228 in 2023, the low expense ratio raises questions about the timeline and mechanism for deploying these funds for charitable impact. This would require reviewing their organizational bylaws or mission statements.
Filing History
IRS 990 filing history for Michael Jones Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Michael Jones Foundation's revenue has grown by 2260.5%, moving from $5K to $115K. Total assets increased by 392.4% over the same period, from $279K to $1.4M. Total functional expenses rose by 292.5%, from $16K to $61K. In its most recent filing year (2023), Michael Jones Foundation reported a surplus of $54K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $115K | $61K | $1.4M | $1 | — | View 990 |
| 2022 | $439K | $46K | $1.3M | $1 | — | View 990 |
| 2021 | $207K | $39K | $929K | $1 | — | View 990 |
| 2020 | $285K | $28K | $761K | $1 | — | View 990 |
| 2019 | $142K | $24K | $504K | $1 | — | View 990 |
| 2015 | $31K | $17K | $301K | $1 | — | View 990 |
| 2014 | $12K | $17K | $287K | $1 | — | View 990 |
| 2013 | $12K | $15K | $292K | $1 | — | View 990 |
| 2012 | $31K | $15K | $295K | $1 | — | View 990 |
| 2011 | $5K | $16K | $279K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $115K, expenses of $61K, and assets of $1.4M (revenue -73.8% year-over-year).
- 2022: Revenue of $439K, expenses of $46K, and assets of $1.3M (revenue +111.9% year-over-year).
- 2021: Revenue of $207K, expenses of $39K, and assets of $929K (revenue -27.4% year-over-year).
- 2020: Revenue of $285K, expenses of $28K, and assets of $761K (revenue +101.5% year-over-year).
- 2019: Revenue of $142K, expenses of $24K, and assets of $504K (revenue +363.9% year-over-year).
- 2015: Revenue of $31K, expenses of $17K, and assets of $301K (revenue +154.3% year-over-year).
- 2014: Revenue of $12K, expenses of $17K, and assets of $287K (revenue +1.5% year-over-year).
- 2013: Revenue of $12K, expenses of $15K, and assets of $292K (revenue -61.4% year-over-year).
- 2012: Revenue of $31K, expenses of $15K, and assets of $295K (revenue +529.8% year-over-year).
- 2011: Revenue of $5K, expenses of $16K, and assets of $279K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael Jones Foundation:
Data Sources and Methodology
This transparency report for Michael Jones 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.