First Jamaica Community and Urban Development Corporation

Analysis

First Jamaica Community and Urban Development Corporation is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in June 2001, 25 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 December 2023, First Jamaica Community and Urban Development Corporation reported income of $80k and spending of $245k, spending 306% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $187k to $80k (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 213%. Over the whole period it spent 128% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, First Jamaica Community and Urban Development Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Stanislaus Asian American Community Resource ($80k), Downtown Danville Inc ($80k) and United Mission of Goodwill Inc ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $11.6m against liabilities of $3.4m, net assets of $8.2m.