Jeremiah Foundation Inc

Analysis

Jeremiah Foundation Inc is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Jeremiah Foundation Inc reported income of $490k and spending of $466k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $294k to $490k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Jeremiah Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Boys & Girls Club of Sparta Inc ($490k), Queen Creek Junior Rodeo Association Inc ($490k) and All Out Sports League ($490k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $54k (12% of expenses). Other salaries and wages came to $130k. At year end it held assets of $55k against liabilities of $27k, net assets of $28k. It reported 3 employees.