Jimmy Simpson Foundation

Analysis

Jimmy Simpson Foundation is a registered charity in United States, based in Rock Spring, GA. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Jimmy Simpson Foundation reported income of $3.2m and spending of $3.0m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.3m to $3.2m (+39%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jimmy Simpson Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Haven of Hope Inc ($3.2m), Murphslife Foundation ($3.2m) and Zion Hills Inc ($3.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $1.5m against liabilities of $764k, net assets of $774k.