Howard S and Deborah Jonas Foundation Inc

Analysis

Howard S and Deborah Jonas Foundation Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Howard S and Deborah Jonas Foundation Inc reported income of $4.7m and spending of $6.4m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $4.7m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to December 2023, when income rose by 751%. Over the whole period it spent 160% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Howard S and Deborah Jonas Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Sojourner Foundation Inc ($4.7m), Mt Hope Charities Inc ($4.8m) and Auburn Food Bank ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $28.1m against liabilities of $0, net assets of $28.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.