The Joseph Fund Inc
The Joseph Fund Inc maintains strong assets despite recent operational deficits and reports no officer compensation.
EIN: 204869278 · Mullica Hill, NJ · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $444K |
| Total Expenses | $410K |
| Program Spending | 80% |
| Net Assets | $706K |
| Transparency Score | 85/100 |
Is The Joseph Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Joseph Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Joseph Fund Inc
The Joseph Fund Inc (EIN: 204869278) is a nonprofit organization based in Mullica Hill, NJ, classified under NTEE code T30. The organization reported total revenue of $444K and total assets of $734K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Joseph Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Joseph Fund Inc is a small nonprofit that has been operating for 10 years, with 14 years of IRS 990 filings on record (2010–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $350K |
| Total Expenses | $410K |
| Surplus / Deficit | $-59,522 |
| Total Assets | $717K |
| Total Liabilities | $11K |
| Net Assets | $706K |
| Operating Margin | -17.0% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 21.0 months |
Financial Health Grade: B
In 2023, The Joseph Fund Inc reported a deficit of $60K with expenses exceeding revenue, holds 21.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.7% | +15.4% | -7.7% |
| 2022 | -35.9% | +9.8% | -2.0% |
| 2021 | -11.0% | -39.0% | +37.8% |
| 2020 | +9.5% | -11.4% | +13.4% |
| 2019 | -24.0% | -1.2% | -9.4% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Joseph Fund Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Joseph Fund Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through mechanisms not categorized as officer compensation on the 990, which is a strong positive for donor perception.
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 The Joseph Fund Inc's IRS 990 filings:
- Expenses exceeded revenue in multiple recent periods (e.g., 2023, 2022, 2019), indicating operational deficits that could impact long-term sustainability if not managed.
Strengths
The following positive indicators were identified for The Joseph Fund Inc:
- Consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards the mission.
- Strong asset base significantly exceeding liabilities (e.g., $716,667 assets vs. $10,835 liabilities in 2023), indicating good solvency.
- Long history of IRS 990 filings (14 filings), demonstrating consistent transparency and compliance.
- Relatively low liabilities across most periods, indicating prudent financial management regarding debt.
Frequently Asked Questions about The Joseph Fund Inc
Is The Joseph Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Joseph Fund Inc (EIN: 204869278) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does The Joseph Fund Inc spend its money?
The Joseph Fund Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Joseph Fund Inc tax-deductible?
The Joseph Fund Inc is registered as a tax-exempt nonprofit (EIN: 204869278). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Joseph Fund Inc's spending goes to programs?
The Joseph Fund Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Joseph Fund Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Joseph Fund Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Joseph Fund Inc located?
The Joseph Fund Inc is headquartered in Mullica Hill, New Jersey and files with the IRS under EIN 204869278. It is classified under NTEE code T30.
How many years of IRS 990 filings does The Joseph Fund Inc have?
The Joseph Fund Inc has 14 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 $444K in total revenue.
Is The Joseph Fund Inc financially stable?
Yes, despite some years where expenses exceeded revenue (e.g., 2023 with $409,500 expenses vs. $349,978 revenue), the organization maintains a strong asset base ($716,667 in 2023) significantly higher than its liabilities ($10,835), indicating good solvency.
Does The Joseph Fund Inc pay its executives?
Based on the provided IRS 990 data, The Joseph Fund Inc consistently reports 0% officer compensation across all 14 filings, suggesting executives are not compensated through traditional officer salary structures.
What is the trend in The Joseph Fund Inc's revenue?
The organization's revenue has fluctuated, with a high of $718,319 in 2018 and a low of $340,912 in 2022. The latest reported revenue for 2023 was $349,978, showing some variability year-to-year.
How do The Joseph Fund Inc's assets compare to its liabilities?
The Joseph Fund Inc consistently maintains a very healthy asset-to-liability ratio. For example, in 2023, assets were $716,667 while liabilities were only $10,835, indicating strong financial health and low debt.
Filing History
IRS 990 filing history for The Joseph Fund Inc showing financial trends over 14 years of public records:
Total assets increased by 71666600% over the same period, from $1 to $717K. In its most recent filing year (2023), The Joseph Fund Inc reported a deficit of $60K, with expenses exceeding revenue. The organization holds $11K in liabilities against $717K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $706K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $350K | $410K | $717K | $11K | — | — |
| 2022 | $341K | $355K | $776K | $11K | — | View 990 |
| 2021 | $532K | $323K | $792K | $12K | — | View 990 |
| 2020 | $598K | $530K | $575K | $4K | — | View 990 |
| 2019 | $546K | $598K | $507K | $4K | — | View 990 |
| 2018 | $718K | $605K | $559K | $4K | — | View 990 |
| 2017 | $503K | $499K | $457K | $15K | — | — |
| 2016 | $497K | $546K | $444K | $6K | — | View 990 |
| 2015 | $506K | $555K | $610K | $123K | — | View 990 |
| 2014 | $711K | $728K | $537K | $1K | — | View 990 |
| 2013 | $936K | $605K | $553K | $0 | — | View 990 |
| 2012 | $312K | $90K | $222K | $0 | — | View 990 |
| 2011 | $0 | $0 | $0 | $0 | — | View 990 |
| 2010 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $350K, expenses of $410K, and assets of $717K (revenue +2.7% year-over-year).
- 2022: Revenue of $341K, expenses of $355K, and assets of $776K (revenue -35.9% year-over-year).
- 2021: Revenue of $532K, expenses of $323K, and assets of $792K (revenue -11.0% year-over-year).
- 2020: Revenue of $598K, expenses of $530K, and assets of $575K (revenue +9.5% year-over-year).
- 2019: Revenue of $546K, expenses of $598K, and assets of $507K (revenue -24.0% year-over-year).
- 2018: Revenue of $718K, expenses of $605K, and assets of $559K (revenue +42.9% year-over-year).
- 2017: Revenue of $503K, expenses of $499K, and assets of $457K (revenue +1.2% year-over-year).
- 2016: Revenue of $497K, expenses of $546K, and assets of $444K (revenue -1.8% year-over-year).
- 2015: Revenue of $506K, expenses of $555K, and assets of $610K (revenue -28.8% year-over-year).
- 2014: Revenue of $711K, expenses of $728K, and assets of $537K (revenue -24.1% year-over-year).
- 2013: Revenue of $936K, expenses of $605K, and assets of $553K (revenue +200.5% year-over-year).
- 2012: Revenue of $312K, expenses of $90K, and assets of $222K.
- 2011: Revenue of $0, expenses of $0, and assets of $0.
- 2010: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Joseph Fund Inc:
Data Sources and Methodology
This transparency report for The Joseph Fund 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.