Louis Hernandez JRS Foundation for a Bright Future Inc

Analysis

Louis Hernandez JRS Foundation for a Bright Future Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Louis Hernandez JRS Foundation for a Bright Future Inc reported income of $281k and spending of $400k, spending 142% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $203k to $281k (+38%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Louis Hernandez JRS Foundation for a Bright Future Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Bay Area Girls Rock Camp ($280k), Boys & Girls Clubs in Indian Country Inc ($281k) and Future Leaders Organization ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $133k. At year end it held assets of $74k against liabilities of $74k, net assets of -$254. It reported 2 employees.