James H Cole Legacy Foundation
Only null% goes to programs Growing revenue
James H Cole Legacy Foundation is a 501(c)(3) organization based in Detroit, Michigan, registered in 2019, with $113,522 in FY2024 revenue. CharityIndex grades it B.
16100 Schaefer Hwy, Detroit, MI, 48235 EIN 20-3198221 Since 2019
Revenue (FY2024)
$114K
▲ 56.5% vs prior year
Housing median: $408K
Expenses (FY2024)
$99K
Net assets
$25K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
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 →—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 James H Cole Legacy Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating3 mo reserves · +13% 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 James H Cole Legacy Foundation: 3 mo reserves · +13% margin earns a A 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 James H Cole Legacy Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 James H Cole Legacy Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 16100 Schaefer Hwy, Detroit, MI, 48235
- City
- Detroit
- State
- Michigan
- Category
- Housing & Shelter
- Subcategory
- Support Foundations & Fundraising
- Website
- …
Financial trends
Revenue grew from $40K (FY2020) to $114K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $25K
Operating margin
13.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$25K
Total liabilities
$0
Net assets
$25K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $113,522▲56.5% | $98,553▲34.2% | $25,287▲145% | $25,287▲145% | 990PF |
| 2023 | $72,529▲46.3% | $73,421▲31.8% | $10,318▼8.0% | $10,318▼8.0% | 990PF |
| 2022 | $49,561▼20.5% | $55,691▼8.5% | $11,210▼35.4% | $11,210▼35.4% | 990PF |
| 2021 | $62,370▲55.9% | $60,875▲152% | $17,340▲9.4% | $17,340▲9.4% | 990PF |
| 2020 | $40,014 | $24,169 | $15,845 | $15,845 | 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.
Grants received · $10K total
1 grant to James H Cole Legacy Foundation totaling $10K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charities Aid Foundation America | Charitable donation | 2020 | $10,000 |
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Frequently asked questions
- Is James H Cole Legacy Foundation a legitimate nonprofit?
- Yes. James H Cole Legacy Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-3198221, based in Detroit, Michigan. Donations are tax-deductible.
- What is James H Cole Legacy Foundation's EIN?
- James H Cole Legacy Foundation's Employer Identification Number (EIN) is 20-3198221.
- How much revenue does James H Cole Legacy Foundation report?
- James H Cole Legacy Foundation reported $113,522 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does James H Cole Legacy Foundation have?
- CharityIndex grades James H Cole Legacy Foundation B, based on financial health (reserves and operating margin).
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Data for James H Cole Legacy Foundation (EIN 20-3198221) 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.