Jha Services Inc

Analysis

Jha Services Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in February 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Jha Services Inc reported income of $17.4m and spending of $16.6m, spending 95% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $14.1m to $17.4m (+23%), an average of +5.4% a year. The sharpest change came in the year to April 2022, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jha Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within ME. Charities of a similar size with the same main cause include Polybio Research Foundation ($17.4m), Delta Health Center Inc ($17.4m) and Cetronia Ambulance Corps Inc ($17.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.2m (7.3% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $12.3m against liabilities of $6.8m, net assets of $5.5m. It reported 257 employees.