J & R Cheng Foundation is a 501(c)(3) organization based in Calabasas, California, registered in 2017, with $2,000 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$2,000
Philanthropy median: $168K
Expenses (FY2024)
$718
Net assets
$2,287
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for J & R Cheng Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For J & R Cheng Foundation: 38 mo reserves · +64% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for J & R Cheng Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For J & R Cheng Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue held steady from $2,000 (FY2017) to $2,000 (FY2024) across 8 reported years.
Financial snapshot
Operating margin
64.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2,937
Total liabilities
$650
Net assets
$2,287
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,000 | $718▼10.8% | $2,287▲180% | $2,937▲100% | 990PF |
| 2023 | $0 | $805▲21.1% | $816▼49.7% | $1,466▼35.4% | 990PF |
| 2022 | $0 | $665▲2.3% | $1,621▼29.1% | $2,271▼22.6% | 990PF |
| 2021 | $0 | $650▲2500% | $2,285▼22.1% | $2,935 | 990PF |
| 2020 | $0▼100% | $25▼95.5% | $2,935▼0.8% | $2,935▼0.8% | 990PF |
| 2019 | $1,515▲26.3% | $560▼53.1% | $2,960▲47.6% | $2,960▲47.6% | 990PF |
| 2018 | $1,200▼40.0% | $1,195▼80.1% | $2,005▲150% | $2,005▲0.3% | 990PF |
| 2017 | $2,000 | $6,000 | -$4,000 | $2,000 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for J & R Cheng Foundation (EIN 82-2282705) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.