A Better Jamaica Inc

Analysis

A Better Jamaica Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, A Better Jamaica Inc reported income of $560k and spending of $568k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $282k to $560k (+99%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, A Better Jamaica Inc 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 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Sterling Solutions ($559k), A C E of Southwest Minnesota ($560k) and Sholl-Freede Family Foundation ($559k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $89k (16% of expenses). Other salaries and wages came to $83k. At year end it held assets of $299k against liabilities of $70k, net assets of $229k. It reported 15 employees.