Jumpstart for Young Children Inc

Analysis

Jumpstart for Young Children Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1995, 31 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 August 2023, Jumpstart for Young Children Inc reported income of $17.8m and spending of $24.4m, spending 137% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $19.9m to $17.8m (-10%), an average of -2.7% a year. The sharpest change came in the year to August 2021, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jumpstart for Young Children Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Pathway Inc ($17.8m), Empower College Prep ($17.8m) and Sobrato Early Academic Language Program ($17.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.1m (4.5% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $17.7m against liabilities of $6.6m, net assets of $11.1m. It reported 723 employees.