Jaars Inc

Analysis

Jaars Inc is a registered charity in United States, based in Waxhaw, NC. It received its IRS tax-exemption ruling in August 2019, 7 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Jaars Inc reported income of $9.8m and spending of $7.7m, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.5m to $9.8m (+79%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 49%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jaars Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Tri-Valley Developmental Services ($9.8m), Pasco-Hernando Workforce Board Inc ($9.8m) and Skill Growth Dba Chooseu ($9.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $13.7m against liabilities of $1.0m, net assets of $12.7m. It reported 93 employees.