Jfflabs Inc

Analysis

Jfflabs Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Jfflabs Inc reported income of $2.1m and spending of $1.4m, leaving 31% of income unspent that year. Across the 2 years on record, from September 2019 to September 2023, income fell from $5.0m to $2.1m (-58%), an average of -58% a year. The sharpest change came in the year to September 2023, when income dropped by 58%. Over the whole period it spent 22% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jfflabs Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Promise Neighborhoods of Lehigh Valley ($2.1m), Cdi Development Fund Inc ($2.1m) and 60-86 Madison Avenue District Management Association Inc ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 4.1% of the total. At year end it held assets of $19.0m against liabilities of $14.0m, net assets of $5.0m.