Jar of Hope

Analysis

Jar of Hope is a registered charity in United States, based in Manalapan, NJ. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Jar of Hope reported income of $530k and spending of $674k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $387k to $530k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jar of Hope sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Audio & Braille Literacy Enhancement Inc ($530k), Jewish Union Foundation of New Jersey Inc ($530k) and Western New York Integrated Care Collaborative Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% of the total. Other salaries and wages came to $223k. At year end it held assets of $201k against liabilities of $121k, net assets of $79k. It reported 6 employees.