Jacobs Chance Inc

Analysis

Jacobs Chance Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 2013, 13 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 (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, Jacobs Chance Inc reported income of $348k and spending of $311k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $258k to $348k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jacobs Chance Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Pelada Football Academy ($348k), Nor East Clippers Baseball Corp ($349k) and Playgroundnyc Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $125k (40% of expenses). Other salaries and wages came to $47k. At year end it held assets of $204k against liabilities of $8,818, net assets of $195k. It reported 5 employees.