The Jcpenney Foundation

Analysis

The Jcpenney Foundation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in December 2001, 25 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 2023, The Jcpenney Foundation reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.5m (-4.5%), an average of -1.2% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Jcpenney Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Life on Belay Inc ($1.5m), PWT United Inc ($1.5m) and Learning Community of Pennsylvania ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $3.6m against liabilities of $224k, net assets of $3.3m.