Friends of Jaclyn Inc

Analysis

Friends of Jaclyn Inc is a registered charity in United States, based in Oak Island, NC. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Friends of Jaclyn Inc reported income of $639k and spending of $600k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $470k to $639k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of Jaclyn Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Fidgetech ($639k), Crown Medical Support Services ($639k) and Womens Cancer Research Foundation ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $28k (4.7% of expenses). Other salaries and wages came to $30k. At year end it held assets of $51k against liabilities of $4,391, net assets of $46k. It reported 2 employees.