Jimmie Johnson Foundation

Analysis

Jimmie Johnson Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jimmie Johnson Foundation reported income of $94k and spending of $234k, spending 248% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $786k to $94k (-88%), an average of -41% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jimmie Johnson Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Riverside Rotary Foundation ($94k), Yagas Childrens Fund ($94k) and South Boston Special Kids & Young Adults Corporation ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $75k (32% of expenses). At year end it held assets of $296k against liabilities of $2,740, net assets of $293k. It reported 1 employees.