Jacobs Well Inc

Analysis

Jacobs Well Inc is a registered charity in United States, based in Greenville, IN. It received its IRS tax-exemption ruling in May 2007, 19 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 (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 2022, Jacobs Well Inc reported income of $323k and spending of $268k, spending 83% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $235k to $323k (+37%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jacobs Well Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Million Kids ($323k), Indie Chicas FC Inc ($323k) and Community Chest of Englewood ($323k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $59k. At year end it held assets of $560k against liabilities of $364k, net assets of $196k. It reported 3 employees.