William Josef Foundation Inc
William Josef Foundation shows strong asset growth and zero executive compensation amidst volatile revenue and recent operating deficits.
EIN: 208075941 · Atlanta, GA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37.1M |
| Total Expenses | $3.5M |
| Program Spending | 85% |
| Net Assets | $47.4M |
| Transparency Score | 85/100 |
Is William Josef Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William Josef Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William Josef Foundation Inc
William Josef Foundation Inc (EIN: 208075941) is a nonprofit organization based in Atlanta, GA, classified under NTEE code T20. The organization reported total revenue of $37.1M and total assets of $53.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William Josef Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William Josef Foundation Inc is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-2,485,264 |
| Total Assets | $47.4M |
| Total Liabilities | $1 |
| Net Assets | $47.4M |
| Operating Margin | -244.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 162.2 months |
Financial Health Grade: B
In 2023, William Josef Foundation Inc reported a deficit of $2.5M with expenses exceeding revenue, holds 162.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), William Josef Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -112.6% | -14.5% | -9.4% |
| 2021 | +106.9% | +19.1% | +23.0% |
| 2020 | +68.9% | +46.1% | +7.0% |
| 2019 | -61.1% | +41.8% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 William Josef Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, William Josef Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive indicator for efficiency and transparency, as it means all funds are directed towards the organization's mission rather than executive salaries.
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 William Josef Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 2022.
- Expenses consistently exceeding revenue in recent years (e.g., 2023 expenses $3.5M vs. revenue $1M).
- Unusually low and consistent $1 liability reported across multiple years.
Strengths
The following positive indicators were identified for William Josef Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and transparency in executive pay.
- Substantial and growing asset base ($53,867,872 latest assets).
- Long history of IRS 990 filings (10 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about William Josef Foundation Inc
Is William Josef Foundation Inc a legitimate charity?
William Josef Foundation Inc (EIN: 208075941) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $37.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does William Josef Foundation Inc spend its money?
William Josef Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to William Josef Foundation Inc tax-deductible?
William Josef Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208075941). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of William Josef Foundation Inc's spending goes to programs?
William Josef Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does William Josef Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), William Josef Foundation Inc 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 William Josef Foundation Inc located?
William Josef Foundation Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 208075941. It is classified under NTEE code T20.
How many years of IRS 990 filings does William Josef Foundation Inc have?
William Josef Foundation Inc 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 $37.1M in total revenue.
How does the William Josef Foundation sustain operations with recent negative and low revenues compared to expenses?
In 2022, the foundation reported negative revenue of $-1,778,503 against expenses of $3,380,548, and in 2023, revenue was $1,018,425 against expenses of $3,503,689. This suggests the organization is drawing from its substantial asset base ($53,867,872 latest assets) or relying on prior years' surpluses to cover current operating costs.
What accounts for the consistent $1 liability reported in recent years?
The consistent reporting of $1 in liabilities across multiple recent filings (2023, 2022, 2021, 2020, 2019) is highly unusual for an organization of this size. It might indicate a specific accounting practice, a very unique financial structure, or potentially an oversight in reporting, and would warrant further investigation into their financial statements.
Given the NTEE code T20, what are the primary programmatic activities of the foundation?
As a T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), the William Josef Foundation's primary activities likely involve making grants to other organizations or individuals, or supporting philanthropic initiatives. The 0% officer compensation further supports a model focused on deploying funds externally rather than internal operational overhead.
Filing History
IRS 990 filing history for William Josef Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William Josef Foundation Inc's revenue has declined by 81.3%, moving from $5.4M to $1.0M. Total assets increased by 416.1% over the same period, from $9.2M to $47.4M. Total functional expenses rose by 1106.6%, from $290K to $3.5M. In its most recent filing year (2023), William Josef Foundation Inc reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $47.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $47.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $3.5M | $47.4M | $1 | — | — |
| 2022 | $-1,778,503 | $3.4M | $49.8M | $1 | — | View 990 |
| 2021 | $14.2M | $4.0M | $55.0M | $1 | — | View 990 |
| 2020 | $6.8M | $3.3M | $44.7M | $1 | — | View 990 |
| 2019 | $4.1M | $2.3M | $41.8M | $1 | — | View 990 |
| 2015 | $10.4M | $1.6M | $41.7M | $0 | — | View 990 |
| 2014 | $18.8M | $2.4M | $32.9M | $0 | — | View 990 |
| 2013 | $5.5M | $1.1M | $18.2M | $0 | — | View 990 |
| 2012 | $5.3M | $694K | $13.8M | $0 | — | View 990 |
| 2011 | $5.4M | $290K | $9.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $3.5M, and assets of $47.4M.
- 2022: Revenue of $-1,778,503, expenses of $3.4M, and assets of $49.8M (revenue -112.6% year-over-year).
- 2021: Revenue of $14.2M, expenses of $4.0M, and assets of $55.0M (revenue +106.9% year-over-year).
- 2020: Revenue of $6.8M, expenses of $3.3M, and assets of $44.7M (revenue +68.9% year-over-year).
- 2019: Revenue of $4.1M, expenses of $2.3M, and assets of $41.8M (revenue -61.1% year-over-year).
- 2015: Revenue of $10.4M, expenses of $1.6M, and assets of $41.7M (revenue -44.6% year-over-year).
- 2014: Revenue of $18.8M, expenses of $2.4M, and assets of $32.9M (revenue +242.8% year-over-year).
- 2013: Revenue of $5.5M, expenses of $1.1M, and assets of $18.2M (revenue +2.6% year-over-year).
- 2012: Revenue of $5.3M, expenses of $694K, and assets of $13.8M (revenue -1.7% year-over-year).
- 2011: Revenue of $5.4M, expenses of $290K, and assets of $9.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William Josef Foundation Inc:
Data Sources and Methodology
This transparency report for William Josef 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.