Jacoby Arts Center

Analysis

Jacoby Arts Center is a registered charity in United States, based in Alton, IL. It received its IRS tax-exemption ruling in October 1982, 44 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, Jacoby Arts Center reported income of $361k and spending of $213k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $181k to $361k (+99%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jacoby Arts Center sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Tyler Disciples Homes ($361k), Hacienda Involved Parents and Staff Staff ($361k) and Kids in Konflictinc ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $115k (54% of expenses). At year end it held assets of $276k against liabilities of $1,732, net assets of $274k. It reported 7 employees.