Jefferson Street United Merchants

Analysis

Jefferson Street United Merchants is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 2012, 14 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, Jefferson Street United Merchants reported income of $59k and spending of $78k, spending 131% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $165k to $59k (-64%), an average of -19% a year. The sharpest change came in the year to December 2019, when income dropped by 100%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jefferson Street United Merchants sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within TN. Charities of a similar size with the same main cause include Bradford Community Coalition ($59k), Our Neighborhoods Empowered ($59k) and Grain of Wheat Community Inc ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 204% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $11k (14% of expenses). Other salaries and wages came to $14k. At year end it held assets of $572k against liabilities of $292k, net assets of $280k. It reported 3 employees.