Jacobs Center for Neighborhood Innovation

Analysis

Jacobs Center for Neighborhood Innovation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Center for Neighborhood Innovation reported income of $1.2m and spending of $5.9m, spending 505% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $4.0m to $1.2m (-71%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 183% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jacobs Center for Neighborhood Innovation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Northern Valley Industries Inc ($1.2m), Jobs with Justice San Francisco Bay Area ($1.2m) and Downtown Albany Restoration Program Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. Compensation of current officers, directors and key employees was $199k (3.4% of expenses). Other salaries and wages came to $646k. At year end it held assets of $54.4m against liabilities of $15.4m, net assets of $38.9m. It reported 9 employees.

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.