Jewelers for Children

Analysis

Jewelers for Children is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Jewelers for Children reported income of $1.5m and spending of $1.6m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.9m to $1.5m (-22%), an average of -6.0% a year. The sharpest change came in the year to September 2021, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewelers for Children 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 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include United Way of Southeastern Idaho Inc ($1.5m), 1n5 ($1.5m) and Jewish Federation of Atlantic and Cape May Counties ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 34% of the total. Other salaries and wages came to $289k. At year end it held assets of $1.6m against liabilities of $975k, net assets of $602k. It reported 2 employees.