Jewels Academy

Analysis

Jewels Academy is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in June 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 (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, Jewels Academy reported income of $264k and spending of $149k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $264k (+86%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jewels Academy sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include East Burke School Inc ($264k), New Generation Academy ($264k) and Woodstock Wolverine Touchdown Club Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $33k (22% of expenses). At year end it held assets of $181k against liabilities of $48k, net assets of $133k. It reported 1 employees.