The Jernigan Foundation

Analysis

The Jernigan Foundation is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in October 2015, 11 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 June 2024, The Jernigan Foundation reported income of $332k and spending of $508k, spending 153% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income fell from $362k to $332k (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 142% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Jernigan Foundation 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 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include American Friends of Refuah Vchaim Inc ($332k), 21st Century Education Foundation Inc ($333k) and Northwest Montana United Way ($332k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 2.4% of the total. At year end it held assets of $1.8m against liabilities of $13, net assets of $1.8m.