J T Townsend Foundation Inc

Analysis

J T Townsend Foundation Inc is a registered charity in United States, based in Ponte Vedra Beach, FL. It received its IRS tax-exemption ruling in August 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, J T Townsend Foundation Inc reported income of $218k and spending of $210k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $218k (-1.1%), an average of -0.3% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, J T Townsend Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include St Luke Community Development Center Inc ($218k), Foster Heart Hope ($218k) and Wings Homeless Advocacy ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $30k (14% of expenses). Other salaries and wages came to $36k. At year end it held assets of $486k against liabilities of $20k, net assets of $466k. It reported 1 employees.