Jacobs Touch Foundation Inc

Analysis

Jacobs Touch Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 Touch Foundation Inc reported income of $58k and spending of $36k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $58k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jacobs Touch Foundation Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Birth Tissue Donor Services of America Inc ($58k), New Jersey Columbian Charities a NJ Nonprofit Corporation ($58k) and Capital Regional Medical Center Partners ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.