Jowonio School

Analysis

Jowonio School is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in October 1971, 55 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jowonio School reported income of $4.6m and spending of $4.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $4.6m (+15%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jowonio School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Monticello Area Community Action Agency Inc ($4.6m), Ricardo Flores Magon Academyincorporated ($4.6m) and CCX Media ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $224k (4.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $4.9m against liabilities of $3.4m, net assets of $1.5m. It reported 131 employees.