Jcfamilies Inc

Analysis

Jcfamilies Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in November 2017, 9 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, Jcfamilies Inc reported income of $192k and spending of $159k, spending 83% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $224k to $192k (-15%), an average of -7.5% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jcfamilies Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Village of Wauwatosa-B I D Inc ($192k), Downtown Canandaigua Business Management Assoc Inc ($192k) and Love on a Leash Inc ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $283k against liabilities of $0, net assets of $283k.