Jackson Y-Center Inc

Analysis

Jackson Y-Center Inc is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in February 1944, 82 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Y-Center Inc reported income of $9.5m and spending of $3.4m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $9.5m (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 243%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jackson Y-Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Jewish Community Center ($9.5m), Maui Food Bank Inc ($9.5m) and Apartment Community of Our Lady of the Snows ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $125k (3.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $22.9m against liabilities of $1.1m, net assets of $21.9m. It reported 244 employees.