The Josey Foundation
The Josey Foundation faces significant financial decline with consistent operating deficits and shrinking assets.
EIN: 205822871 · Birmingham, AL · NTEE: T22 · Updated: 2026-03-28
Is The Josey Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Josey Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Josey Foundation
The Josey Foundation (EIN: 205822871) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T22. The organization reported total revenue of $1K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Josey Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Josey Foundation is a micro nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $2K |
| Surplus / Deficit | $-569 |
| Total Assets | $14K |
| Total Liabilities | $1 |
| Net Assets | $14K |
| Operating Margin | -47.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 97.8 months |
Financial Health Grade: B
In 2023, The Josey Foundation reported a deficit of $569 with expenses exceeding revenue, holds 97.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), The Josey Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.7% | +9.0% | -3.8% |
| 2022 | +29.6% | -8.6% | -4.4% |
| 2021 | -82.8% | -80.6% | +1.2% |
| 2020 | +2.6% | -76.7% | -43.0% |
| 2016 | +266.8% | -0.2% | -54.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Josey Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Josey Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $569, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization, which is appropriate given its small size and declining financial resources.
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 Josey Foundation's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in most recent years (e.g., $1,769 expenses vs. $1,200 revenue in 202306).
- Significant decline in revenue: Revenue dropped from $81,663 in 201306 to $1,200 in 202306.
- Shrinking asset base: Assets have decreased from $119,251 in 201306 to $14,419 in 202306.
- Lack of detailed expense breakdown: The summary does not provide a breakdown of expenses into program, administrative, and fundraising categories, limiting financial analysis.
Strengths
The following positive indicators were identified for The Josey Foundation:
- Consistent IRS 990 filings: The organization has a history of filing its required IRS 990 forms.
- Volunteer-led: Officer compensation is consistently reported as $0, indicating a volunteer-led structure.
Frequently Asked Questions about The Josey Foundation
Is The Josey Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Josey Foundation (EIN: 205822871) significant concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
How does The Josey Foundation spend its money?
The Josey Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Josey Foundation tax-deductible?
The Josey Foundation is registered as a tax-exempt nonprofit (EIN: 205822871). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program activities of The Josey Foundation?
The provided data does not detail specific program activities, only the NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations), suggesting it primarily engages in grantmaking or supporting other nonprofits.
Why has The Josey Foundation's revenue decreased so dramatically since 2013?
The data shows a sharp decline in revenue from $81,663 in 201306 to $1,200 in 202306, but the specific reasons for this decline (e.g., loss of major donors, change in fundraising strategy) are not available in the provided IRS 990 summary.
How does The Josey Foundation plan to address its consistent operating deficits?
The provided financial summaries indicate consistent operating deficits in recent years (e.g., $1,769 expenses vs. $1,200 revenue in 202306), but the organization's plans to address these deficits are not detailed in this data.
Filing History
IRS 990 filing history for The Josey Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), The Josey Foundation's revenue has declined by 20.6%, moving from $2K to $1K. Total assets decreased by 68.7% over the same period, from $46K to $14K. Total functional expenses rose by 69.3%, from $1K to $2K. In its most recent filing year (2023), The Josey Foundation reported a deficit of $569, with expenses exceeding revenue. The organization holds $1 in liabilities against $14K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $2K | $14K | $1 | — | View 990 |
| 2022 | $2K | $2K | $15K | $1 | — | — |
| 2021 | $1K | $2K | $16K | $700 | — | View 990 |
| 2020 | $7K | $9K | $15K | $1 | — | View 990 |
| 2016 | $7K | $39K | $27K | $1 | — | View 990 |
| 2015 | $2K | $39K | $59K | $1 | — | View 990 |
| 2014 | $2K | $24K | $97K | $1 | — | View 990 |
| 2013 | $82K | $8K | $119K | $1 | — | View 990 |
| 2012 | $2K | $1K | $46K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $2K, and assets of $14K (revenue -26.7% year-over-year).
- 2022: Revenue of $2K, expenses of $2K, and assets of $15K (revenue +29.6% year-over-year).
- 2021: Revenue of $1K, expenses of $2K, and assets of $16K (revenue -82.8% year-over-year).
- 2020: Revenue of $7K, expenses of $9K, and assets of $15K (revenue +2.6% year-over-year).
- 2016: Revenue of $7K, expenses of $39K, and assets of $27K (revenue +266.8% year-over-year).
- 2015: Revenue of $2K, expenses of $39K, and assets of $59K (revenue +7.8% year-over-year).
- 2014: Revenue of $2K, expenses of $24K, and assets of $97K (revenue -97.8% year-over-year).
- 2013: Revenue of $82K, expenses of $8K, and assets of $119K (revenue +5301.0% year-over-year).
- 2012: Revenue of $2K, expenses of $1K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Josey Foundation:
Data Sources and Methodology
This transparency report for The Josey 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.