Jackets for Jobs Inc

Analysis

Jackets for Jobs Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 2001, 25 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 (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, Jackets for Jobs Inc reported income of $990k and spending of $943k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $815k to $990k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jackets for Jobs Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Ashworth Community Development Corporation ($989k), Harrisburg Electricians Joint Apprenticeship & Training TR Fund ($990k) and Brazos Valley Affordable Housing Corporation ($989k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $98k (10% of expenses). Other salaries and wages came to $96k. At year end it held assets of $139k against liabilities of $21k, net assets of $119k. It reported 6 employees.