Jefferson East Inc

Analysis

Jefferson East Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Jefferson East Inc reported income of $2.3m and spending of $2.2m, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $567k to $2.3m (+298%), an average of +32% a year. The sharpest change came in the year to December 2019, when income rose by 523%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jefferson East Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Cares of Washington ($2.3m), Rocky Mountain Ser Jobs for Progress Inc ($2.3m) and Live Work Maine Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $276k (13% of expenses). Other salaries and wages came to $465k. It paid $30k in professional fundraising fees. At year end it held assets of $3.4m against liabilities of $164k, net assets of $3.3m. It reported 15 employees.