Jack Devito Foundation Inc

Analysis

Jack Devito Foundation Inc is a registered charity in United States, based in Yorktown Heights, NY. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Jack Devito Foundation Inc reported income of $103k and spending of $56k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $103k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jack Devito Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Impact Makers Foundation ($103k), Rider Rooters ($103k) and Williams Center Inc ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.