JFMC Facilities Corporation

Analysis

JFMC Facilities Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1985, 41 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 June 2023, JFMC Facilities Corporation reported income of $34.3m and spending of $24.4m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.8m to $34.3m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, JFMC Facilities Corporation 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 IL. Charities of a similar size with the same main cause include Central New York Community Foundation Inc ($34.3m), America Gives Inc ($34.3m) and Dimock Community Foundation Inc ($33.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $375k (1.5% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $128.9m against liabilities of $91.1m, net assets of $37.8m.