Jackson Friendly Home

Analysis

Jackson Friendly Home is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in August 1942, 84 years ago. 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 December 2023, Jackson Friendly Home reported income of $1.7m and spending of $1.4m, spending 83% of its income. Across the 6 years on record, from October 2019 to December 2023, income grew from $1.1m to $1.7m (+56%), an average of +9.4% a year. The sharpest change came in the year to December 2023, when income rose by 524%. 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, Jackson Friendly Home sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Otter Creek Child Center Inc ($1.7m), Columbus Library Foundation ($1.7m) and New Mexico Electrical Industry Joint Apprenticeship and Training ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Other salaries and wages came to $788k. At year end it held assets of $2.1m against liabilities of $113k, net assets of $2.0m. It reported 46 employees.