Jacobin Foundation Ltd

Analysis

Jacobin Foundation Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Jacobin Foundation Ltd reported income of $3.9m and spending of $3.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.9m (+92%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jacobin Foundation Ltd sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Chagrin River Watershed Partners Inc ($3.9m), Two Feathers-Nafs ($3.9m) and Grace Outreach Center Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $4.5m against liabilities of $3.4m, net assets of $1.1m. It reported 28 employees.