Jets of Harlem Inc

Analysis

Jets of Harlem Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Jets of Harlem Inc reported income of $369k and spending of $424k, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $220k to $369k (+68%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jets of Harlem Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Glacier Swim Club Inc ($369k), Merrick County Health and Fitness Center ($369k) and Rock Ridge Youth Hockey Association ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 32% of the total. Other salaries and wages came to $49k. At year end it held assets of $128k against liabilities of $157k, net assets of -$29k.