Jewels of Charity Inc

Analysis

Jewels of Charity Inc is a registered charity in United States, based in Roseland, NJ. It received its IRS tax-exemption ruling in February 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jewels of Charity Inc reported income of $5.7m and spending of $347k, leaving 94% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $70k to $5.7m (+8042%), an average of +141% a year. The sharpest change came in the year to December 2023, when income rose by 51173%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jewels of Charity Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Dare 2 Share Ministries ($5.7m), York Street Project ($5.7m) and Sos Childrens Village USA Inc ($5.7m).

Compensation of current officers, directors and key employees was $15k (4.3% of expenses). At year end it held assets of $7.2m against liabilities of $0, net assets of $7.2m. It reported 1 employees.