Jahbat Inc

Analysis

Jahbat Inc is a registered charity in United States, based in Niles, IL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Jahbat Inc reported income of $831k and spending of $824k, spending 99% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $334k to $831k (+148%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jahbat Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Recing Crew ($831k), Storybook Farm Inc ($831k) and Queen City Hockey Association ($830k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $58k (7.0% of expenses). At year end it held assets of $35k against liabilities of $49k, net assets of -$15k.