Louis August Jonas Foundation Inc

Analysis

Louis August Jonas Foundation Inc is a registered charity in United States, based in Rhinebeck, NY. It received its IRS tax-exemption ruling in April 1938, 88 years ago. 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 September 2023, Louis August Jonas Foundation Inc reported income of $1.4m and spending of $1.7m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $945k to $1.4m (+51%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 40%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louis August Jonas Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Brookhaven Treatment and Learning Center Inc ($1.4m), Waldorf School Association of the Delaware River Valley ($1.4m) and Childrens Center of New Milford Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $164k (9.7% of expenses). Other salaries and wages came to $640k. It paid $5,000 in professional fundraising fees. At year end it held assets of $12.3m against liabilities of $59k, net assets of $12.3m. It reported 35 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.