Friends of Downtown Jasper

Analysis

Friends of Downtown Jasper is a registered charity in United States, based in Jasper, AL. It received its IRS tax-exemption ruling in January 2016, 10 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, Friends of Downtown Jasper reported income of $447k and spending of $264k, leaving 41% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $209k to $447k (+114%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Downtown Jasper sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within AL. Charities of a similar size with the same main cause include Collaborative for Health Arts and Civic Transformation ($447k), Massachusetts Afl-Cio Workforce Development Programs Inc ($447k) and Destination Oilmens Golf Invitational ($447k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $256k against liabilities of $0, net assets of $256k.