Jacobs Institute Inc

Analysis

Jacobs Institute Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Jacobs Institute Inc reported income of $12.5m and spending of $13.1m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $12.5m (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jacobs Institute Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Hospice Partners Inc ($12.5m), Capitol County Childrens Collaborative Inc ($12.6m) and STL Care Company ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.6m (12% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $7.4m against liabilities of $4.6m, net assets of $2.8m. It reported 46 employees.