Jefferson Facilities Inc

Analysis

Jefferson Facilities Inc is a registered charity in United States, based in Gretna, LA. It received its IRS tax-exemption ruling in March 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jefferson Facilities Inc reported income of $938k and spending of $571k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $938k (-11%), an average of -3.0% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jefferson Facilities Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Conprmetidos ($937k), Buffalo Erie Niagara Land Improvement Corporation ($938k) and Junior League of Long Island Inc ($936k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $4,800 (0.8% of expenses). At year end it held assets of $101k against liabilities of $4.1m, net assets of -$4.0m.