Jay Shop Inc

Analysis

Jay Shop Inc is a registered charity in United States, based in Pontiac, MI. It received its IRS tax-exemption ruling in March 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2021, Jay Shop Inc reported income of $2.0m and spending of $2.2m, spending 110% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $2.1m to $2.0m (-4.8%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jay Shop Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Hawaii Local 2030 Hub ($2.0m), Rbca Community Development Corporation ($2.0m) and Connec Train Corp ($2.0m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $912k against liabilities of $15k, net assets of $897k. It reported 400 employees.