Friends of Jones

Analysis

Friends of Jones is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Jones reported income of $152k and spending of $169k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $230k to $152k (-34%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Jones sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Erwin Library and Institute ($152k), Canyon High School Band & Auxiliary Units Booster Club ($152k) and Atlanta Chapter of the American Marketing Association Inc ($152k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $233k against liabilities of $29k, net assets of $204k.