Jastech Development Services Inc

Analysis

Jastech Development Services Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Jastech Development Services Inc reported income of $847k and spending of $717k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $430k to $847k (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jastech Development Services Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Tiwa Lending Services ($846k), Parents Leading for Educational Equity ($848k) and Special Police Officers Association Inc ($846k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $328k. At year end it held assets of $1.1m against liabilities of $693k, net assets of $411k. It reported 23 employees.