Jfact Fund Inc

Analysis

Jfact Fund Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Jfact Fund Inc reported income of $98k and spending of $120k, spending 122% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $72k to $98k (+37%), an average of +37% a year. The sharpest change came in the year to September 2023, when income rose by 37%. Over the whole period it spent 139% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jfact Fund Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within CT. Charities of a similar size with the same main cause include Friends of the University of Delaware Library ($98k), Springboro Library Association Springboro Public Library ($98k) and Hollywood Hill Elementary PTA Northshore Ptsa Council 6 10 17 ($98k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $214k against liabilities of $8,916, net assets of $205k.