West Jacksonville Restoration Center Inc

Analysis

West Jacksonville Restoration Center Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, West Jacksonville Restoration Center Inc reported income of $1.4m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $1.4m (+442%), an average of +53% a year. The sharpest change came in the year to December 2020, when income rose by 120%. 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, West Jacksonville Restoration Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Lee Initiative Inc ($1.4m), Innovation Works Inc ($1.4m) and Downtown Flushing Transit Hub District Management Association ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $6,500 (0.5% of expenses). Other salaries and wages came to $934k. At year end it held assets of $228k against liabilities of $226k, net assets of $1,665. It reported 60 employees.