Jefferson Center Foundation Ltd

Analysis

Jefferson Center Foundation Ltd is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in August 1989, 37 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 2023, Jefferson Center Foundation Ltd reported income of $2.4m and spending of $3.0m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.4m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 119%. Over the whole period it spent 130% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jefferson Center Foundation Ltd sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include MPB Foundation ($2.4m), Artists Space Inc ($2.4m) and Foundation for Animal Care Andeducation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $133k (4.5% of expenses). Other salaries and wages came to $845k. At year end it held assets of $23.3m against liabilities of $237k, net assets of $23.1m. It reported 69 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.