Jekyll Island Foundation Inc

Analysis

Jekyll Island Foundation Inc is a registered charity in United States, based in Jekyll Island, GA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Jekyll Island Foundation Inc reported income of $611k and spending of $299k, leaving 51% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $949k to $611k (-36%), an average of -8.4% a year. The sharpest change came in the year to June 2023, when income rose by 374%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jekyll Island Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Eau Claire Association of Museums Inc ($610k), Rivertowns Arts Council Inc ($611k) and Lehman College Art Gallery Inc ($610k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $2.6m against liabilities of $22k, net assets of $2.6m. It reported 2 employees.