Jeff Industries Inc

Analysis

Jeff Industries Inc is a registered charity in United States, based in Lantana, FL. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2023, Jeff Industries Inc reported income of $1.7m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.7m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jeff Industries Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Smithville Community Inc ($1.7m), Workforce Professionals Traininginstitute ($1.7m) and Erie Regional Chamber and Growth Partnership ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $87k (5.2% of expenses). Other salaries and wages came to $780k. At year end it held assets of $2.3m against liabilities of $131k, net assets of $2.1m. It reported 94 employees.