Jamaica Center Improvement

Analysis

Jamaica Center Improvement is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Jamaica Center Improvement reported income of $841k and spending of $800k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $841k (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jamaica Center Improvement sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Edinboro Market Inc ($841k), Housing Solutions of Greene County Inc ($841k) and Westedge Foundation Inc ($840k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $56k (7.0% of expenses). Other salaries and wages came to $88k. At year end it held assets of $643k against liabilities of $13k, net assets of $629k. It reported 4 employees.