Jericho Foundation Inc

Analysis

Jericho Foundation Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Jericho Foundation Inc reported income of $524k and spending of $433k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $524k (+81%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jericho Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Sandy Hill Nursery School ($524k), New Lehrhaus the Bay Area Hub for Adult Jewish Learning ($524k) and Allentown School District Foundation ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $84k (19% of expenses). Other salaries and wages came to $78k. At year end it held assets of $687k against liabilities of $12k, net assets of $675k. It reported 5 employees.