Jones Memorial Community Development Corporation

Analysis

Jones Memorial Community Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1988, 38 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 August 2024, Jones Memorial Community Development Corporation reported income of $476k and spending of $481k, spending 101% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $458k to $476k (+4.0%), an average of +0.8% a year. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jones Memorial Community Development Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Regional Community Connections One Inc ($476k), Junior League of Lubbock Tex Inc ($477k) and Stuart Main Street Association Inc ($476k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $139k. At year end it held assets of $415k against liabilities of $332k, net assets of $83k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.