The Jain Family Institute

Analysis

The Jain Family Institute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Jain Family Institute reported income of $5.8m and spending of $5.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $5.8m (+116%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 293%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Jain Family Institute sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Mukogawa Fort Wright Institute ($5.8m), Buckeye Online School for Success ($5.9m) and Yeshivas Ohr Hatorah Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $667k (12% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $1.0m against liabilities of $782k, net assets of $260k. It reported 45 employees.