Michael S Jacobs Foundation Inc
Michael S Jacobs Foundation consistently operates with a surplus and zero officer compensation.
EIN: 202561022 · Englewood, CO · NTEE: B82 · Updated: 2026-03-28
Is Michael S Jacobs Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michael S Jacobs Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Michael S Jacobs Foundation Inc
Michael S Jacobs Foundation Inc (EIN: 202561022) is a nonprofit organization based in Englewood, CO, classified under NTEE code B82. The organization reported total revenue of $1.7M and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael S Jacobs Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael S Jacobs Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $413K |
| Total Expenses | $380K |
| Surplus / Deficit | +$33K |
| Total Assets | $45K |
| Net Assets | $45K |
| Operating Margin | 7.9% |
| Months of Reserves | 1.4 months |
Financial Health Grade: A
In 2023, Michael S Jacobs Foundation Inc reported a surplus of $33K with revenue exceeding expenses, holds 1.4 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Michael S Jacobs Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.6% | +2.7% | +262.9% |
| 2022 | -6.9% | +3.0% | -60.2% |
| 2021 | +67.9% | +53.2% | +133.6% |
| 2020 | +25.8% | +41.1% | -42.2% |
| 2019 | +29.2% | +24.9% | +116.2% |
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 Michael S Jacobs Foundation Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Michael S Jacobs Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $33K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly favorable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Michael S Jacobs Foundation Inc:
- Zero reported officer compensation across all filings, indicating high efficiency.
- Consistent operating surpluses in most recent years (e.g., $32,763 surplus in 2023).
- Zero liabilities reported, demonstrating strong financial stability.
- Consistent growth in revenue and expenses over the past decade, showing increasing impact.
- Lean asset base relative to revenue, suggesting efficient fund distribution rather than accumulation.
Frequently Asked Questions about Michael S Jacobs Foundation Inc
Is Michael S Jacobs Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Michael S Jacobs Foundation Inc (EIN: 202561022) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Michael S Jacobs Foundation Inc spend its money?
Michael S Jacobs Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Michael S Jacobs Foundation Inc tax-deductible?
Michael S Jacobs Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202561022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Michael S Jacobs Foundation Inc a good charity?
Based on the provided IRS 990 data, the Michael S Jacobs Foundation Inc appears to be a very good charity. It consistently operates with a surplus, has zero reported officer compensation, and maintains zero liabilities, all indicating strong financial health and efficient use of funds.
How does the foundation manage its administrative costs?
The foundation manages its administrative costs exceptionally well, primarily by reporting 0% officer compensation across all filings. This suggests a very low overhead structure, allowing a greater proportion of funds to be directed towards its mission.
What is the trend in the foundation's revenue and expenses?
The foundation has shown a general upward trend in both revenue and expenses over the past decade, from $13,140 revenue in 2014 to $412,973 in 2023, indicating growth in its operations and funding capacity.
Filing History
IRS 990 filing history for Michael S Jacobs Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Michael S Jacobs Foundation Inc's revenue has grown by 703.1%, moving from $51K to $413K. Total assets increased by 51.4% over the same period, from $30K to $45K. Total functional expenses rose by 1285.7%, from $27K to $380K. In its most recent filing year (2023), Michael S Jacobs Foundation Inc reported a surplus of $33K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $413K | $380K | $45K | $0 | — | — |
| 2022 | $351K | $370K | $12K | $0 | — | View 990 |
| 2021 | $377K | $359K | $31K | $0 | — | View 990 |
| 2020 | $225K | $234K | $13K | $0 | — | View 990 |
| 2019 | $179K | $166K | $23K | $0 | — | View 990 |
| 2018 | $138K | $133K | $11K | $0 | — | View 990 |
| 2017 | $184K | $191K | $5K | $0 | — | View 990 |
| 2016 | $155K | $153K | $12K | $0 | — | View 990 |
| 2015 | $128K | $119K | $9K | $0 | — | View 990 |
| 2014 | $13K | $14K | $226 | $0 | — | View 990 |
| 2013 | $71K | $54K | $5K | $0 | — | View 990 |
| 2012 | $51K | $35K | $19K | $19K | — | View 990 |
| 2011 | $51K | $27K | $30K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $413K, expenses of $380K, and assets of $45K (revenue +17.6% year-over-year).
- 2022: Revenue of $351K, expenses of $370K, and assets of $12K (revenue -6.9% year-over-year).
- 2021: Revenue of $377K, expenses of $359K, and assets of $31K (revenue +67.9% year-over-year).
- 2020: Revenue of $225K, expenses of $234K, and assets of $13K (revenue +25.8% year-over-year).
- 2019: Revenue of $179K, expenses of $166K, and assets of $23K (revenue +29.2% year-over-year).
- 2018: Revenue of $138K, expenses of $133K, and assets of $11K (revenue -25.0% year-over-year).
- 2017: Revenue of $184K, expenses of $191K, and assets of $5K (revenue +19.3% year-over-year).
- 2016: Revenue of $155K, expenses of $153K, and assets of $12K (revenue +20.3% year-over-year).
- 2015: Revenue of $128K, expenses of $119K, and assets of $9K (revenue +877.6% year-over-year).
- 2014: Revenue of $13K, expenses of $14K, and assets of $226 (revenue -81.6% year-over-year).
- 2013: Revenue of $71K, expenses of $54K, and assets of $5K (revenue +41.0% year-over-year).
- 2012: Revenue of $51K, expenses of $35K, and assets of $19K (revenue -1.6% year-over-year).
- 2011: Revenue of $51K, expenses of $27K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael S Jacobs Foundation Inc:
Data Sources and Methodology
This transparency report for Michael S Jacobs Foundation 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.