Jones Day Foundation

Analysis

Jones Day Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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, Jones Day Foundation reported income of $427k and spending of $6.4m, spending 1505% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $427k (-92%), an average of -46% a year. The sharpest change came in the year to December 2023, when income rose by 5171%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jones Day Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Association of Former Intelligence Officers Inc ($426k), Art Centre of Plano Inc ($427k) and Embudo Valley Library and Community Center ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% of the total. At year end it held assets of $8.9m against liabilities of $0, net assets of $8.9m.