Friends of John Jay Homestead

Analysis

Friends of John Jay Homestead is a registered charity in United States, based in Katonah, NY. It received its IRS tax-exemption ruling in February 1978, 48 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Friends of John Jay Homestead reported income of $751k and spending of $516k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $350k to $751k (+115%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 127%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of John Jay Homestead sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Artist Series Concerts of Sarasota Inc ($751k), Momentum-Excellence Inc ($751k) and McMinn County Living Heritage Museum Inc ($751k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $100k (19% of expenses). Other salaries and wages came to $58k. At year end it held assets of $418k against liabilities of $463, net assets of $418k. It reported 2 employees.