Children of Jacob Inc

Analysis

Children of Jacob Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Children of Jacob Inc reported income of $90k and spending of $86k, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $56k to $90k (+63%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 197%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Children of Jacob Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within NV. Charities of a similar size with the same main cause include Madison Food Center ($90k), Jesse Klump Memorial Fund Inc ($90k) and Southwest Colorado Accelerator Program for Entrepreneurs ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.