Jobs Foundation

Analysis

Jobs Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover employment, 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, Jobs Foundation reported income of $4.1m and spending of $4.6m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.1m (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 35%. 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, Jobs Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Cornerstone Community Outreach ($4.1m), Belco Works Inc ($4.1m) and Florissant Valley Sheltered Workshop ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $187k (4.1% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $5.9m against liabilities of $6.1m, net assets of -$160k. It reported 90 employees.