Jamie & Denise Jacob Family Foundation

Analysis

Jamie & Denise Jacob Family Foundation is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in September 2004, 22 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 May 2023, Jamie & Denise Jacob Family Foundation reported income of $1.2m and spending of $3.8m, spending 329% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $13.2m to $1.2m (-91%), an average of -46% a year. The sharpest change came in the year to May 2022, when income dropped by 63%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jamie & Denise Jacob Family Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include KBR Charitable Foundation Inc ($1.2m), United Way of Sumner County ($1.2m) and United Way of Monroe-Lenawee Counties Inc ($1.2m).

At year end it held assets of $29.2m against liabilities of $0, net assets of $29.2m.