Jfynetworks

Analysis

Jfynetworks is a registered charity in United States, based in Readville, MA. It received its IRS tax-exemption ruling in July 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Jfynetworks reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.1m (+1.7%), an average of +0.4% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jfynetworks sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Second Ward High School National Alumni Foundation ($1.1m), National Association of State Directors of Special Education Inc ($1.1m) and Salem Academy Charter School Foundation Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $304k (27% of expenses). Other salaries and wages came to $407k. At year end it held assets of $1.0m against liabilities of $141k, net assets of $873k. It reported 7 employees.