Jacobs Well

Analysis

Jacobs Well is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Well reported income of $100k and spending of $120k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $206k to $100k (-51%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jacobs Well sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within NE. Charities of a similar size with the same main cause include Way of the Cross ($100k), Clean Living Learning Center ($100k) and Millington Lions Club Foundation ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $51k (43% of expenses). Other salaries and wages came to $16k. At year end it held assets of $58k against liabilities of $0, net assets of $58k. It reported 4 employees.