Oscar N Jonas Memorial Foundation

Analysis

Oscar N Jonas Memorial Foundation is a registered charity in United States, based in Dalton, GA. It received its IRS tax-exemption ruling in April 1974, 52 years ago. 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 2024, Oscar N Jonas Memorial Foundation reported income of $89k and spending of $56k, leaving 36% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income fell from $272k to $89k (-68%), an average of -31% a year. The sharpest change came in the year to June 2023, when income rose by 86%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oscar N Jonas Memorial Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within GA. Charities of a similar size with the same main cause include Nippenose Valley Volunteer Fire Co ($89k), Rushford Free Library Association ($89k) and Aberdeen Solomon David Memorial Scholarship Fund ($89k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% of the total. At year end it held assets of $565k against liabilities of $0, net assets of $565k.