WJCT Inc

Analysis

WJCT Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 1960, 66 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 September 2023, WJCT Inc reported income of $9.6m and spending of $9.2m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.9m to $9.6m (+22%), an average of +5.0% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, WJCT Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Coast Guard Mutual Assistance Incorporated ($9.6m), American Accounting Association ($9.6m) and New Jersey Association for Mental Health Inc ($9.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $469k (5.1% of expenses). Other salaries and wages came to $3.7m. It paid $33k in professional fundraising fees. At year end it held assets of $14.2m against liabilities of $1.2m, net assets of $12.9m. It reported 84 employees.