Jack London Improvement District

Analysis

Jack London Improvement District is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Jack London Improvement District reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jack London Improvement District sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Meadows Center for Opportunity Inc ($1.4m), Pacific Palms Mobilehome Park Corporation ($1.4m) and Stowe Baptist Center ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $152k (12% of expenses). Other salaries and wages came to $73k. At year end it held assets of $684k against liabilities of $27k, net assets of $657k. It reported 2 employees.