Jewels School Inc

Analysis

Jewels School Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Jewels School Inc reported income of $4.0m and spending of $3.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.0m (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jewels School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Madison Creative Arts Academy Inc ($4.0m), Dimensions Educational Research Foundation ($4.0m) and Angleton Christian School Corporation ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $103k (2.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $8.1m against liabilities of $3.8m, net assets of $4.4m. It reported 147 employees.