Rees Jones Foundation
Rees Jones Foundation maintains substantial assets while experiencing fluctuating revenues and zero officer compensation.
EIN: 205132900 · Dallas, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $75.1M |
| Total Expenses | $54.4M |
| Program Spending | 90% |
| Net Assets | $649.0M |
| Transparency Score | 90/100 |
Is Rees Jones Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rees Jones Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rees Jones Foundation
Rees Jones Foundation (EIN: 205132900) is a nonprofit organization based in Dallas, TX, classified under NTEE code T20. The organization reported total revenue of $75.1M and total assets of $666.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rees Jones Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rees Jones Foundation is a major 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 -18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.3M |
| Total Expenses | $54.4M |
| Surplus / Deficit | $-40,130,250 |
| Total Assets | $662.5M |
| Total Liabilities | $13.5M |
| Net Assets | $649.0M |
| Operating Margin | -280.3% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 146.0 months |
Financial Health Grade: B
In 2023, Rees Jones Foundation reported a deficit of $40.1M with expenses exceeding revenue, holds 146.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Rees Jones Foundation's revenue has declined at a compound annual growth rate (CAGR) of -18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -86.6% | -10.8% | +6.6% |
| 2022 | -10.2% | +51.1% | -6.9% |
| 2021 | +2.1% | -14.6% | +21.5% |
| 2020 | +357.5% | +6.8% | +12.0% |
| 2019 | -45.5% | +18.7% | -11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Rees Jones Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Rees Jones Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $40.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
The Rees Jones Foundation consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries. This suggests a highly efficient operational model where leadership may be unpaid or compensated through other means not reported as officer compensation on the 990, or that the foundation is primarily grant-making with minimal internal staffing costs.
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 Rees Jones Foundation's IRS 990 filings:
- Significant expense exceeding revenue in recent years (e.g., 2023 expenses $54.4M vs. revenue $14.3M), which, while common for foundations, warrants monitoring for long-term sustainability if not offset by asset growth.
Strengths
The following positive indicators were identified for Rees Jones Foundation:
- Consistently reports 0% officer compensation, indicating high efficiency and dedication to mission.
- Substantial and growing asset base ($666,092,840 currently), providing financial stability and capacity for impact.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
- Strong program focus implied by zero officer compensation and foundation structure.
Frequently Asked Questions about Rees Jones Foundation
Is Rees Jones Foundation a legitimate charity?
Rees Jones Foundation (EIN: 205132900) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $75.1M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Rees Jones Foundation spend its money?
Rees Jones Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Rees Jones Foundation tax-deductible?
Rees Jones Foundation is registered as a tax-exempt nonprofit (EIN: 205132900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Rees Jones Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Rees 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 Rees Jones Foundation located?
Rees Jones Foundation is headquartered in Dallas, Texas and files with the IRS under EIN 205132900. It is classified under NTEE code T20.
How many years of IRS 990 filings does Rees Jones Foundation have?
Rees 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 $75.1M in total revenue.
Is Rees Jones Foundation a good charity?
Based on the provided data, the Rees Jones Foundation appears to be a well-managed foundation with substantial assets ($666,092,840) and a strong commitment to its mission, evidenced by 0% officer compensation. Its consistent filing history and significant asset base suggest stability and capacity for impact.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses have varied, sometimes exceeding revenue, such as in 2023 ($54,447,684 expenses vs. $14,317,434 revenue). This is typical for foundations that draw from their endowments to fund grants and operations, especially during periods of lower investment returns. Its large asset base ($666,092,840) provides a buffer for such fluctuations.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over the decade, increasing from $429,659,456 in 2011 to $666,092,840 currently, indicating effective asset management and growth despite revenue fluctuations.
Filing History
IRS 990 filing history for Rees Jones Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rees Jones Foundation's revenue has declined by 91.3%, moving from $164.1M to $14.3M. Total assets increased by 54.2% over the same period, from $429.7M to $662.5M. Total functional expenses rose by 118.6%, from $24.9M to $54.4M. In its most recent filing year (2023), Rees Jones Foundation reported a deficit of $40.1M, with expenses exceeding revenue. The organization holds $13.5M in liabilities against $662.5M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $649.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.3M | $54.4M | $662.5M | $13.5M | — | View 990 |
| 2022 | $106.9M | $61.0M | $621.3M | $14.3M | — | View 990 |
| 2021 | $119.0M | $40.4M | $667.3M | $10.7M | — | View 990 |
| 2020 | $116.6M | $47.3M | $549.4M | $8.3M | — | View 990 |
| 2019 | $25.5M | $44.3M | $490.5M | $11.0M | — | View 990 |
| 2015 | $46.7M | $37.3M | $550.8M | $15.1M | — | View 990 |
| 2014 | $46.1M | $36.2M | $583.7M | $28.1M | — | View 990 |
| 2013 | $27.8M | $47.3M | $562.9M | $31.4M | — | View 990 |
| 2012 | $66.7M | $13.6M | $476.1M | $11.4M | — | View 990 |
| 2011 | $164.1M | $24.9M | $429.7M | $30.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.3M, expenses of $54.4M, and assets of $662.5M (revenue -86.6% year-over-year).
- 2022: Revenue of $106.9M, expenses of $61.0M, and assets of $621.3M (revenue -10.2% year-over-year).
- 2021: Revenue of $119.0M, expenses of $40.4M, and assets of $667.3M (revenue +2.1% year-over-year).
- 2020: Revenue of $116.6M, expenses of $47.3M, and assets of $549.4M (revenue +357.5% year-over-year).
- 2019: Revenue of $25.5M, expenses of $44.3M, and assets of $490.5M (revenue -45.5% year-over-year).
- 2015: Revenue of $46.7M, expenses of $37.3M, and assets of $550.8M (revenue +1.5% year-over-year).
- 2014: Revenue of $46.1M, expenses of $36.2M, and assets of $583.7M (revenue +65.5% year-over-year).
- 2013: Revenue of $27.8M, expenses of $47.3M, and assets of $562.9M (revenue -58.3% year-over-year).
- 2012: Revenue of $66.7M, expenses of $13.6M, and assets of $476.1M (revenue -59.4% year-over-year).
- 2011: Revenue of $164.1M, expenses of $24.9M, and assets of $429.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rees Jones Foundation:
Data Sources and Methodology
This transparency report for Rees 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.