Jefferson Scholars Foundation

Analysis

Jefferson Scholars Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in March 2001, 25 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 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 June 2024, Jefferson Scholars Foundation reported income of $33.2m and spending of $32.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2024, income fell from $107.0m to $33.2m (-69%), an average of -25% a year. The sharpest change came in the year to June 2021, when income rose by 94%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jefferson Scholars Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Charityvest Inc ($33.0m), Circle of Life ($33.2m) and Givers Legacy Foundation Inc ($32.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $2.5m (7.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $813.0m against liabilities of $85.8m, net assets of $727.3m. It reported 28 employees.