Jasper Newton Foundation Inc Jasper Foundation Inc

Analysis

Jasper Newton Foundation Inc Jasper Foundation Inc is a registered charity in United States, based in Rensselaer, IN. It received its IRS tax-exemption ruling in August 1992, 34 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 December 2023, Jasper Newton Foundation Inc Jasper Foundation Inc reported income of $1.6m and spending of $3.2m, spending 198% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $1.6m (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jasper Newton Foundation Inc Jasper Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Minnesota Vikings Foundation ($1.6m), Society for Orphaned Armenian Relief ($1.6m) and Friends of Joshua House Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $86k (2.7% of expenses). Other salaries and wages came to $96k. At year end it held assets of $24.8m against liabilities of $361k, net assets of $24.5m. It reported 6 employees.