J Korber Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
J Korber Foundation Inc is a 501(c)(3) organization based in Albuquerque, New Mexico, with $107,295 in FY2024 revenue. CharityIndex grades it C+.
Po Box 14116, Albuquerque, NM, 87191 EIN 85-0275755
Revenue (FY2024)
$107K
▼ 7.9% vs prior year
Expenses (FY2024)
$106K
Net assets
$1.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Korber Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating175 mo reserves · +1% margin
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 Korber Foundation Inc: 175 mo reserves · +1% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Korber Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Korber Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 14116, Albuquerque, NM, 87191
- City
- Albuquerque
- State
- New Mexico
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $144K (FY2013) to $107K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $42KNet assets $1.6M
Operating margin
0.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6M
Total liabilities
$42K
Net assets
$1.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $107,295▼7.9% | $106,367▼20.5% | $1,554,785 | $1,596,785▼0.5% | 990PF |
| 2023 | $116,511▲1.3% | $133,822▲3.5% | $1,555,517▼1.1% | $1,605,517▼1.1% | 990PF |
| 2022 | $115,045▼36.2% | $129,328▼29.0% | $1,573,507▼1.2% | $1,623,507▼1.2% | 990PF |
| 2021 | $180,316▲37.5% | $182,179▲41.0% | $1,592,816▼0.1% | $1,642,816▲2.5% | 990PF |
| 2020 | $131,154▲91.4% | $129,193▼2.7% | $1,594,679▲0.1% | $1,602,679▼0.4% | 990PF |
| 2019 | $68,530▼82.3% | $132,826▲2.7% | $1,592,718▼3.9% | $1,609,718▼2.9% | 990PF |
| 2018 | $386,153▲402% | $129,395▲0.6% | $1,657,014▲18.3% | $1,657,014▲18.3% | 990PF |
| 2017 | $76,900▲47.6% | $128,652▲8.1% | $1,400,256▼3.6% | $1,400,256▼3.6% | 990PF |
| 2016 | $52,092▼48.3% | $119,021▲2.4% | $1,452,008▼4.4% | $1,452,008▼4.4% | 990PF |
| 2015 | $100,695▲0.5% | $116,276▲4.0% | $1,518,937▼1.0% | $1,518,937▼1.0% | 990PF |
| 2014 | $100,174▼30.2% | $111,841▲14.4% | $1,534,518▼0.8% | $1,534,518▼0.8% | 990PF |
| 2013 | $143,549 | $97,735▼4.4% | $1,546,185▲3.1% | $1,546,185▲3.1% | 990PF |
| 2012 | — | $102,281▲16.6% | $1,500,371▲0.5% | $1,500,371▲0.5% | 990PF |
| 2011 | — | $87,734 | $1,493,311 | $1,493,311 | 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.
Frequently asked questions
- Is J Korber Foundation Inc a legitimate nonprofit?
- Yes. J Korber Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 85-0275755, based in Albuquerque, New Mexico. Donations are tax-deductible.
- What is J Korber Foundation Inc's EIN?
- J Korber Foundation Inc's Employer Identification Number (EIN) is 85-0275755.
- How much revenue does J Korber Foundation Inc report?
- J Korber Foundation Inc reported $107,295 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does J Korber Foundation Inc have?
- CharityIndex grades J Korber Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for J Korber Foundation Inc (EIN 85-0275755) 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.