Jasa Corporation

Analysis

Jasa Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1997, 29 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jasa Corporation reported income of $15.7m and spending of $18.1m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $15.7m (+541%), an average of +59% a year. The sharpest change came in the year to June 2021, when income rose by 463%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jasa Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Will County Center for Community Concerns Inc ($15.6m), Chicago Community Loan Fund ($15.7m) and Disability in ($15.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 83% of the total. At year end it held assets of $108.0m against liabilities of $96.5m, net assets of $11.5m.