Jesse Cosby Neighborhood Center Inc

Analysis

Jesse Cosby Neighborhood Center Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Jesse Cosby Neighborhood Center Inc reported income of $543k and spending of $529k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $470k to $543k (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jesse Cosby Neighborhood Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include Sandy Springs Mission ($543k), Charis Counseling Associates ($543k) and Alliance for Compassion and Educational Development - Aced ($543k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $51k (9.7% of expenses). Other salaries and wages came to $87k. At year end it held assets of $253k against liabilities of $35k, net assets of $218k. It reported 9 employees.