Old Jamestown School Association Inc

Analysis

Old Jamestown School Association Inc is a registered charity in United States, based in Jamestown, NC. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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, Old Jamestown School Association Inc reported income of $197k and spending of $204k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $196k to $197k (+0.7%), an average of +0.2% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Jamestown School Association Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Reconnect Rochester Inc ($197k), Friends of the Turlock Public Library ($197k) and Friends of Wheeling Inc ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $36k (17% of expenses). Other salaries and wages came to $47k. At year end it held assets of $1.0m against liabilities of $2,444, net assets of $1.0m. It reported 4 employees.