Jetsetv FC Inc

Analysis

Jetsetv FC Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in December 2017, 9 years ago. 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, Jetsetv FC Inc reported income of $107k and spending of $107k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $107k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jetsetv FC Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Pennsylvania Society for the Advancement of the Deaf ($107k), Deep Love Ministries ($107k) and Harry H Dow Memorial Legal Assistance Fund ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 7.0% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.