Jackson Community Foundation

Analysis

Jackson Community Foundation is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in March 1958, 68 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Jackson Community Foundation reported income of $5.5m and spending of $3.0m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $5.5m (+122%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jackson Community Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include The Giving Kitchen Initiative Inc ($5.5m), New Albany Community Foundation ($5.5m) and Bozeman Deaconess Foundation ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $153k (5.0% of expenses). Other salaries and wages came to $281k. At year end it held assets of $49.6m against liabilities of $269k, net assets of $49.3m. It reported 7 employees.