Jacket Backers Inc

Analysis

Jacket Backers Inc is a registered charity in United States, based in Cambridge, MN. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Jacket Backers Inc reported income of $85k and spending of $70k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $43k to $85k (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jacket Backers Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include PLB Inc ($85k), South Middleton Soccer Association ($85k) and Evansville River City Volleball Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 47% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.