Jefferson County Committee for Economic Opportunity

Analysis

Jefferson County Committee for Economic Opportunity is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2020, Jefferson County Committee for Economic Opportunity reported income of $24.8m and spending of $24.2m, spending 98% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $32.7m to $24.8m (-24%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jefferson County Committee for Economic Opportunity sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Westminster Village West Lafayette Inc ($24.8m), The Arc of North Carolina Inc ($24.8m) and Mercy Retirement Care Center ($24.7m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $10.5m (43% of expenses). At year end it held assets of $11.3m against liabilities of $3.1m, net assets of $8.2m. It reported 529 employees.