Friends of Jowonio Inc

Analysis

Friends of Jowonio Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Jowonio Inc reported income of $385k and spending of $399k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $350k to $385k (+9.9%), an average of +2.4% a year. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Jowonio Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Huaxia Chinese School at Great Valley ($385k), Newbury Public Library Foundation of New Hampshire ($385k) and Collierville High Pom Inc ($385k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $934k against liabilities of $718k, net assets of $216k.

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.