Jett Foundation Inc

Analysis

Jett Foundation Inc is a registered charity in United States, based in Norwell, MA. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Jett Foundation Inc reported income of $3.5m and spending of $2.7m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.5m (+106%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jett Foundation Inc 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 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include American Association for the Surgery of Trauma ($3.5m), Tri-State Health Services Inc ($3.5m) and Color of Gastrointestinal Illness Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $212k (7.9% of expenses). Other salaries and wages came to $721k. It paid $16k in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $243k, net assets of $4.4m. It reported 13 employees.