Jari Growth Fund Inc

Analysis

Jari Growth Fund Inc is a registered charity in United States, based in Johnstown, PA. It received its IRS tax-exemption ruling in August 2016, 10 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, Jari Growth Fund Inc reported income of $1.5m and spending of $327k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $185k to $1.5m (+714%), an average of +69% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 29% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jari Growth Fund Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Lions Eye Bank of Nebraska Inc ($1.5m), Standing Together Effectively for People ($1.5m) and Cuyahoga Land Bank Charities ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $3.6m against liabilities of $1.2m, net assets of $2.5m.