JFS Fund Inc

Analysis

JFS Fund Inc is a registered charity in United States, based in Margate, NJ. It received its IRS tax-exemption ruling in June 1996, 30 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, JFS Fund Inc reported income of $1.1m and spending of $112k, leaving 89% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $216k to $1.1m (+387%), an average of +70% a year. The sharpest change came in the year to June 2021, when income rose by 341%. Over the whole period it spent 19% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, JFS Fund 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 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Mentor Washington ($1.1m), Elizabeth Toon Charities ($1.1m) and C4 Recovery Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $5.5m against liabilities of $7,697, net assets of $5.5m.