Jeff Armstrong Memorial Foundation

Analysis

Jeff Armstrong Memorial Foundation is a registered charity in United States, based in Yuma, CO. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, Jeff Armstrong Memorial Foundation reported income of $125k and spending of $54k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $125k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 39% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jeff Armstrong Memorial Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within CO. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($125k), Team 1tyus ($125k) and Brainerd Basketball Association ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 23% of the total. At year end it held assets of $755k against liabilities of $447k, net assets of $308k.