Jevs Foundation

Analysis

Jevs Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 June 2023, Jevs Foundation reported income of $2.6m and spending of $2.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.3m to $2.6m (-39%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 53%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jevs Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Vibrant Memphis Inc ($2.6m), Communities in Partnership ($2.6m) and Duncan Area Economic Development Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 2.3% of the total. Other salaries and wages came to $518k. At year end it held assets of $20.9m against liabilities of $1.3m, net assets of $19.5m.