Jumpstart Coalition for Personal Financial Literacy

Analysis

Jumpstart Coalition for Personal Financial Literacy is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Jumpstart Coalition for Personal Financial Literacy reported income of $1.9m and spending of $1.9m, spending 104% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $1.4m to $1.9m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 147%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jumpstart Coalition for Personal Financial Literacy sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Mindspark Learning ($1.9m), Reach Education Fund ($1.9m) and Siue Charter School ($1.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $198k (10% of expenses). Other salaries and wages came to $183k. At year end it held assets of $2.9m against liabilities of $716k, net assets of $2.2m. It reported 3 employees.