Jacob Tome Institute

Analysis

Jacob Tome Institute is a registered charity in United States, based in Northeast, MD. It received its IRS tax-exemption ruling in March 1935, 91 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Jacob Tome Institute reported income of $4.0m and spending of $4.4m, spending 110% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $3.7m to $4.0m (+7.4%), an average of +2.4% a year. The sharpest change came in the year to July 2021, when income rose by 59%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jacob Tome 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 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Make-A-Wish Foundation of Central ($4.0m), Bixby & Associates ($4.0m) and Pittsboro Christian Village Inc ($4.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 2.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $222k (5.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $20.9m against liabilities of $1.5m, net assets of $19.4m. It reported 54 employees.