The Joe And Patty Lee Foundation
EIN: 475527477 · Iowa City, IA · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $195K |
| Total Expenses | $82K |
| Net Assets | $881K |
Is The Joe And Patty Lee Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Joe And Patty Lee Foundation
The Joe And Patty Lee Foundation (EIN: 475527477) is a nonprofit organization based in Iowa City, IA, classified under NTEE code T20. The organization reported total revenue of $195K and total assets of $872K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Joe And Patty Lee Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Joe And Patty Lee Foundation is a small nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2015–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -104.4% | -2.4% | -9.6% |
| 2022 | +22.5% | -1.5% | +17.7% |
| 2021 | +1122.3% | +19.7% | +13.5% |
| 2020 | -74.7% | -11.3% | -7.2% |
| 2019 | -88.6% | +2173.1% | +249.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Joe And Patty Lee Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Joe And Patty Lee Foundation with a Mission Score of 0 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about The Joe And Patty Lee Foundation
Is The Joe And Patty Lee Foundation a legitimate charity?
The Joe And Patty Lee Foundation (EIN: 475527477) is a registered tax-exempt nonprofit based in Iowa. It has 6 years of IRS 990 filings on record. Total revenue: $195K. No red flags identified. Financial health grade: B.
How does The Joe And Patty Lee Foundation spend its money?
The Joe And Patty Lee Foundation reported $195K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Joe And Patty Lee Foundation tax-deductible?
The Joe And Patty Lee Foundation is registered as a tax-exempt nonprofit (EIN: 475527477). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Joe And Patty Lee Foundation located?
The Joe And Patty Lee Foundation is headquartered in Iowa City, Iowa and files with the IRS under EIN 475527477. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Joe And Patty Lee Foundation have?
The Joe And Patty Lee Foundation has 6 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 $195K in total revenue.
Filing History
IRS 990 filing history for The Joe And Patty Lee Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), The Joe And Patty Lee Foundation's revenue has declined by 101.9%, moving from $521K to $-9,840. Total assets increased by 292.1% over the same period, from $225K to $881K. Total functional expenses rose by 2218.7%, from $4K to $82K. The organization holds $1 in liabilities against $881K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $881K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-9,840 | $82K | $881K | $1 | — | View 990 |
| 2022 | $225K | $84K | $974K | $1 | — | View 990 |
| 2021 | $184K | $85K | $828K | $1 | — | — |
| 2020 | $15K | $71K | $729K | $1 | — | — |
| 2019 | $59K | $80K | $786K | $1 | — | View 990 |
| 2015 | $521K | $4K | $225K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-9,840, expenses of $82K, and assets of $881K (revenue -104.4% year-over-year).
- 2022: Revenue of $225K, expenses of $84K, and assets of $974K (revenue +22.5% year-over-year).
- 2021: Revenue of $184K, expenses of $85K, and assets of $828K (revenue +1122.3% year-over-year).
- 2020: Revenue of $15K, expenses of $71K, and assets of $729K (revenue -74.7% year-over-year).
- 2019: Revenue of $59K, expenses of $80K, and assets of $786K (revenue -88.6% year-over-year).
- 2015: Revenue of $521K, expenses of $4K, and assets of $225K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Joe And Patty Lee Foundation:
Data Sources and Methodology
This transparency report for The Joe And Patty Lee 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.