Jackson Optimist Charitable Fund Inc

Analysis

Jackson Optimist Charitable Fund Inc is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 August 2023, Jackson Optimist Charitable Fund Inc reported income of $870k and spending of $772k, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $601k to $870k (+45%), an average of +9.7% a year. The sharpest change came in the year to August 2023, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Jackson Optimist Charitable Fund Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Concrete Safaris Inc ($870k), Transforming Youth Movement ($870k) and YMCA Alliance of Northern New England ($870k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.0% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $73k (9.4% of expenses). Other salaries and wages came to $168k. At year end it held assets of $1.4m against liabilities of $44k, net assets of $1.3m. It reported 16 employees.