Jubilee Jumpstart

Analysis

Jubilee Jumpstart is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2005, 21 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 June 2023, Jubilee Jumpstart reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $367k to $1.7m (+367%), an average of +47% a year. The sharpest change came in the year to June 2020, when income rose by 338%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jubilee Jumpstart sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 64th percentile within DC. Charities of a similar size with the same main cause include On Being Project ($1.7m), Boy Scouts of America ($1.7m) and Ronald Knox Montessori School ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 59% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $62k, net assets of $1.3m. It reported 29 employees.