Alleghany Jam

Analysis

Alleghany Jam is a registered charity in United States, based in Sparta, NC. It received its IRS tax-exemption ruling in October 2016, 10 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 May 2024, Alleghany Jam reported income of $222k and spending of $131k, leaving 41% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $197k to $222k (+13%), an average of +3.0% a year. The sharpest change came in the year to May 2024, when income rose by 29%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alleghany Jam sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Lewis and Clark Trail Heritage Foundation Inc ($222k), The Homewood Cemetery Historical Fund ($222k) and Sing Unto God ($222k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 86% and program service revenue 6.5% of the total. Other salaries and wages came to $65k. At year end it held assets of $750k against liabilities of $4,441, net assets of $746k. It reported 8 employees.